ALTRI, SGPS, S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.17 EUR | -0.39% |
|
+3.40% | +12.39% |
| Mar. 22 | Transcript : Altri, SGPS, S.A., 2023 Earnings Call, Mar 22, 2024 | |
| Mar. 21 | Altri, SGPS, S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,165 | 1,058 | 1,151 | 1,027 | 943.6 | 1,061 | - | - |
| Enterprise Value (EV) 1 | 1,679 | 1,534 | 1,496 | 1,352 | 943.6 | 1,380 | 1,298 | 1,201 |
| P/E ratio | 11.6 x | 30.4 x | 9.05 x | 6.76 x | - | 12.2 x | 11.6 x | 9.32 x |
| Yield | 5.28% | 4.84% | 4.46% | 5% | - | 4.88% | 4.16% | 4.84% |
| Capitalization / Revenue | 1.55 x | 1.72 x | 1.45 x | 0.96 x | 1.2 x | 1.29 x | 1.26 x | 1.18 x |
| EV / Revenue | 2.23 x | 2.49 x | 1.88 x | 1.27 x | 1.2 x | 1.67 x | 1.55 x | 1.34 x |
| EV / EBITDA | 7.2 x | 11.8 x | 6.57 x | 4.49 x | 6.87 x | 6.8 x | 5.87 x | 4.54 x |
| EV / FCF | 15.5 x | 12.2 x | 6.79 x | 10.3 x | - | 10.6 x | 10.3 x | 6.44 x |
| FCF Yield | 6.47% | 8.23% | 14.7% | 9.72% | - | 9.43% | 9.72% | 15.5% |
| Price to Book | 2.5 x | 2.97 x | 2.12 x | 1.69 x | - | 1.98 x | 1.85 x | 2.72 x |
| Nbr of stocks (in thousands) | 205,132 | 205,132 | 205,132 | 205,132 | 205,132 | 205,132 | - | - |
| Reference price 2 | 5.680 | 5.160 | 5.610 | 5.005 | 4.600 | 5.170 | 5.170 | 5.170 |
| Announcement Date | 3/13/20 | 3/18/21 | 3/17/22 | 3/23/23 | 3/21/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 753.5 | 615.6 | 793.4 | 1,066 | 788.2 | 824.2 | 840 | 895.7 |
| EBITDA 1 | 233.1 | 130.4 | 227.7 | 301.4 | 137.3 | 202.8 | 221.2 | 264.7 |
| EBIT 1 | 157.8 | 53.47 | 163.8 | 237.4 | 70.4 | 133 | 151 | 194.7 |
| Operating Margin | 20.94% | 8.69% | 20.65% | 22.27% | 8.93% | 16.14% | 17.98% | 21.73% |
| Earnings before Tax (EBT) 1 | 136.3 | 29.93 | 150.3 | 207 | 46.9 | 133.8 | 119.2 | 109 |
| Net income 1 | 100.8 | 34.98 | 127.8 | 152.5 | 42.8 | 86.33 | 92 | 113.5 |
| Net margin | 13.38% | 5.68% | 16.11% | 14.31% | 5.43% | 10.47% | 10.95% | 12.67% |
| EPS 2 | 0.4900 | 0.1700 | 0.6200 | 0.7400 | - | 0.4233 | 0.4475 | 0.5550 |
| Free Cash Flow 1 | 108.6 | 126.2 | 220.1 | 131.5 | - | 130.2 | 126.2 | 186.5 |
| FCF margin | 14.41% | 20.5% | 27.74% | 12.33% | - | 15.79% | 15.02% | 20.82% |
| FCF Conversion (EBITDA) | 46.57% | 96.82% | 96.66% | 43.63% | - | 64.18% | 57.03% | 70.47% |
| FCF Conversion (Net income) | 107.68% | 360.91% | 172.22% | 86.2% | - | 150.77% | 137.12% | 164.32% |
| Dividend per Share 2 | 0.3000 | 0.2500 | 0.2500 | 0.2500 | - | 0.2525 | 0.2150 | 0.2500 |
| Announcement Date | 3/13/20 | 3/18/21 | 3/17/22 | 3/23/23 | 3/21/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 328 | 386.9 | 248.4 | 208.1 | 249.2 | 272.5 | 521.7 | 284.1 | 260.4 | - | 224.7 | 201.9 | 174.4 | 187.3 | 204 |
| EBITDA 1 | 63.01 | 108.9 | 98.7 | 49.6 | 61 | 69.8 | 130.8 | 92.6 | 78.1 | 170.7 | 50.2 | 31 | 16.3 | 39.8 | 45 |
| EBIT | 23.47 | - | 75.9 | 34.1 | 44.5 | 53.3 | 97.8 | 76.2 | 63.3 | - | 32.8 | 13.7 | -1.1 | 25 | - |
| Operating Margin | 7.15% | - | 30.56% | 16.39% | 17.86% | 19.56% | 18.75% | 26.82% | 24.31% | - | 14.6% | 6.79% | -0.63% | 13.35% | - |
| Earnings before Tax (EBT) | - | 64.46 | 69.8 | 26.8 | 41 | - | 94.1 | 67.6 | 45.4 | - | 27 | 3.4 | -2 | 18.5 | - |
| Net income | 9.232 | 44.76 | 48.1 | 35 | 33.6 | 311.3 | - | 47.7 | 34.7 | - | 19.6 | 8.4 | 0.2 | 14.6 | - |
| Net margin | 2.81% | 11.57% | 19.36% | 16.82% | 13.48% | 114.24% | - | 16.79% | 13.33% | - | 8.72% | 4.16% | 0.11% | 7.79% | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 9/10/20 | 7/29/21 | 11/18/21 | 3/17/22 | 5/26/22 | 7/28/22 | 7/28/22 | 11/24/22 | 3/23/23 | 3/23/23 | 5/25/23 | 7/27/23 | 11/16/23 | 3/21/24 | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 514 | 475 | 345 | 326 | - | 319 | 238 | 140 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.204 x | 3.646 x | 1.514 x | 1.081 x | - | 1.574 x | 1.074 x | 0.529 x |
| Free Cash Flow 1 | 109 | 126 | 220 | 131 | - | 130 | 126 | 187 |
| ROE (net income / shareholders' equity) | 20.4% | 7.68% | 25.9% | 26.5% | - | 17.1% | 16.6% | 17.4% |
| ROA (Net income/ Total Assets) | - | 2.36% | 6.77% | 8.05% | - | - | - | - |
| Assets 1 | - | 1,484 | 1,888 | 1,896 | - | - | - | - |
| Book Value Per Share 2 | 2.270 | 1.740 | 2.640 | 2.960 | - | 2.610 | 2.800 | 1.900 |
| Cash Flow per Share 2 | 0.8800 | 0.8000 | 1.270 | 0.8600 | - | 0.4700 | - | - |
| Capex 1 | 70.9 | 37.4 | 41 | 45.3 | - | 41 | 37.3 | 38 |
| Capex / Sales | 9.41% | 6.07% | 5.17% | 4.25% | - | 4.97% | 4.44% | 4.24% |
| Announcement Date | 3/13/20 | 3/18/21 | 3/17/22 | 3/23/23 | 3/21/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
5.17
EUR
Average target price
5.758
EUR
Spread / Average Target
+11.38%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +12.39% | 1.13B | |
| +7.81% | 3.03B | |
| +6.01% | 671M | |
| -6.73% | 158M | |
| -15.56% | 72.43M |
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- Financials Altri, SGPS, S.A.
