APPLUS SERVICES, S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.74 EUR | +10.02% |
|
+10.21% | +27.40% |
| Apr. 26 | I Squared and TDR Funds submit highest bid for Spain's Applus+ | RE |
| Apr. 26 | I Squared and TDR Capital funds submit highest bid for Spain's Applus+ | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,629 | 1,289 | 1,155 | 871.6 | 1,289 | 1,643 | - | - |
| Enterprise Value (EV) 1 | 2,248 | 2,030 | 1,947 | 1,732 | 2,159 | 2,456 | 2,335 | 2,206 |
| P/E ratio | 29.2 x | -8.13 x | 35.2 x | 17.8 x | 62.5 x | 21 x | 18 x | 17.6 x |
| Yield | 1.93% | 1.66% | 1.86% | 2.49% | - | 0.31% | 1.05% | 0.86% |
| Capitalization / Revenue | 0.92 x | 0.83 x | 0.65 x | 0.43 x | 0.63 x | 0.77 x | 0.74 x | 0.69 x |
| EV / Revenue | 1.26 x | 1.3 x | 1.1 x | 0.85 x | 1.05 x | 1.15 x | 1.05 x | 0.93 x |
| EV / EBITDA | 7.58 x | 9.3 x | 6.81 x | 5.31 x | 6.43 x | 6.98 x | 5.95 x | 5.5 x |
| EV / FCF | 12.7 x | 8.96 x | 15.6 x | 9.47 x | 8.83 x | 12.6 x | 11.8 x | 9.47 x |
| FCF Yield | 7.9% | 11.2% | 6.4% | 10.6% | 11.3% | 7.93% | 8.5% | 10.6% |
| Price to Book | 2.1 x | 2.2 x | 1.87 x | 1.45 x | 2.4 x | 2.73 x | 2.67 x | 2.85 x |
| Nbr of stocks (in thousands) | 142,925 | 142,901 | 142,860 | 135,868 | 128,927 | 128,927 | - | - |
| Reference price 2 | 11.40 | 9.020 | 8.085 | 6.415 | 10.00 | 12.74 | 12.74 | 12.74 |
| Announcement Date | 2/25/20 | 2/23/21 | 2/28/22 | 2/27/23 | 2/22/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,778 | 1,558 | 1,777 | 2,050 | 2,058 | 2,131 | 2,232 | 2,371 |
| EBITDA 1 | 296.5 | 218.4 | 286 | 326.5 | 336.1 | 352 | 392.4 | 401 |
| EBIT 1 | 197.1 | 118.4 | 175.2 | 202 | 211.5 | 239.9 | 251.5 | 257.3 |
| Operating Margin | 11.09% | 7.6% | 9.86% | 9.85% | 10.28% | 11.26% | 11.27% | 10.85% |
| Earnings before Tax (EBT) 1 | 106.9 | -142.3 | 75.62 | 91.5 | 68.2 | 128.2 | - | - |
| Net income 1 | 55.7 | -158.2 | 32.24 | 48.6 | 20.2 | 72.48 | 91.32 | 93.69 |
| Net margin | 3.13% | -10.16% | 1.81% | 2.37% | 0.98% | 3.4% | 4.09% | 3.95% |
| EPS 2 | 0.3900 | -1.110 | 0.2300 | 0.3600 | 0.1600 | 0.6064 | 0.7077 | 0.7257 |
| Free Cash Flow 1 | 177.6 | 226.7 | 124.5 | 182.9 | 244.5 | 194.6 | 198.6 | 233 |
| FCF margin | 9.99% | 14.56% | 7.01% | 8.92% | 11.88% | 9.13% | 8.9% | 9.83% |
| FCF Conversion (EBITDA) | 59.89% | 103.81% | 43.54% | 56.02% | 72.75% | 55.3% | 50.6% | 58.11% |
| FCF Conversion (Net income) | 318.82% | - | 386.18% | 376.33% | 1,210.51% | 268.57% | 217.42% | 248.7% |
| Dividend per Share 2 | 0.2200 | 0.1500 | 0.1500 | 0.1600 | - | 0.0394 | 0.1333 | 0.1100 |
| Announcement Date | 2/25/20 | 2/23/21 | 2/28/22 | 2/27/23 | 2/22/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q4 | 2023 S1 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 741.2 | 816.4 | 843 | 463.2 | 470.6 | 933.8 | 464.4 | 522.3 | 986.7 | 531 | 1,001 | 490 |
| EBITDA | - | - | - | 74.1 | - | - | 70.4 | - | - | - | - | - |
| EBIT | 34.5 | 83.9 | 80.32 | 46.5 | 48.38 | 94.88 | 41.5 | 55.63 | 97.13 | 54.2 | 106.3 | - |
| Operating Margin | 4.65% | 10.28% | 9.53% | 10.04% | 10.28% | 10.16% | 8.94% | 10.65% | 9.84% | 10.21% | 10.62% | - |
| Earnings before Tax (EBT) | -173.5 | - | 34.34 | 23.6 | - | - | 18 | 28.3 | - | - | - | - |
| Net income | -169.9 | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | -22.91% | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/28/20 | 2/23/21 | 7/27/21 | 10/26/21 | 2/28/22 | 2/28/22 | 5/10/22 | 7/26/22 | 7/26/22 | 2/27/23 | 7/25/23 | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 618 | 741 | 792 | 861 | 870 | 813 | 693 | 563 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.085 x | 3.395 x | 2.769 x | 2.637 x | 2.589 x | 2.31 x | 1.766 x | 1.404 x |
| Free Cash Flow 1 | 178 | 227 | 125 | 183 | 245 | 195 | 199 | 233 |
| ROE (net income / shareholders' equity) | 14.2% | 6.91% | 15.5% | 18.1% | 19.9% | 27.6% | 24% | 24% |
| ROA (Net income/ Total Assets) | 5.21% | 2.17% | 4.17% | 4.68% | - | - | - | - |
| Assets 1 | 1,069 | -7,287 | 773 | 1,038 | - | - | - | - |
| Book Value Per Share 2 | 5.430 | 4.100 | 4.330 | 4.430 | 4.160 | 4.670 | 4.770 | 4.470 |
| Cash Flow per Share 2 | 1.740 | 1.980 | 1.320 | 1.820 | 2.490 | 1.810 | - | - |
| Capex 1 | 70.7 | 55.8 | 63.1 | 66.1 | 79.3 | 318 | 115 | 106 |
| Capex / Sales | 3.98% | 3.58% | 3.55% | 3.22% | 3.85% | 14.9% | 5.16% | 4.48% |
| Announcement Date | 2/25/20 | 2/23/21 | 2/28/22 | 2/27/23 | 2/22/24 | - | - | - |
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
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
12.74
EUR
Average target price
11.32
EUR
Spread / Average Target
-11.11%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +27.40% | 1.75B | |
| +10.55% | 67.6B | |
| +11.64% | 18.21B | |
| +21.03% | 13.41B | |
| +9.40% | 13.37B | |
| +16.53% | 9.94B | |
| -32.90% | 5.74B | |
| -10.98% | 5.57B | |
| -4.09% | 4.91B | |
| -4.83% | 4.87B |
- Stock Market
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- APPS Stock
- Financials Applus Services, S.A.
