Financials Biesse S.p.A.

Equities

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-04-26 am EDT			5-day change	1st Jan Change
11.54 ^EUR	+0.35%		+0.17%	-9.13%

Apr. 10	Marshall Wace raises short on Leonardo and OVS.	AN
Apr. 09	Millennium International cuts short on DiaSorin	AN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	406.8	515.8	668.9	347.5	348	316.2	-	-
Enterprise Value (EV) ¹	425.4	466.3	544.3	230.9	348	332.6	316.6	288.2
P/E ratio	30.9 x	209 x	19.5 x	11.5 x	27.6 x	18.1 x	13.9 x	-
Yield	3.23%	-	2.56%	2.6%	-	2.05%	1.6%	1.21%
Capitalization / Revenue	0.58 x	0.89 x	0.9 x	0.42 x	0.44 x	0.38 x	0.38 x	0.37 x
EV / Revenue	0.6 x	0.81 x	0.73 x	0.28 x	0.44 x	0.4 x	0.38 x	0.34 x
EV / EBITDA	5.54 x	8.33 x	6.83 x	2.55 x	4.52 x	4.57 x	4.02 x	3.43 x
EV / FCF	15 x	6.39 x	6.07 x	11.5 x	-	-8.68 x	24.4 x	11 x
FCF Yield	6.65%	15.6%	16.5%	8.7%	-	-11.5%	4.11%	9.06%
Price to Book	1.87 x	2.41 x	2.69 x	1.33 x	-	1.16 x	1.07 x	0.99 x
Nbr of stocks (in thousands)	27,393	27,393	27,393	27,403	27,403	27,403	-	-
Reference price ²	14.85	18.83	24.42	12.68	12.70	11.54	11.54	11.54
Announcement Date	3/13/20	3/15/21	3/14/22	3/14/23	3/14/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	705.9	578.8	742.2	822.4	785	823.8	835.4	851.6
EBITDA ¹	76.73	55.98	79.7	90.6	77	72.86	78.82	84.1
EBIT ¹	39.55	14.23	34.06	47.57	40.35	32.22	38.66	44.6
Operating Margin	5.6%	2.46%	4.59%	5.78%	5.14%	3.91%	4.63%	5.24%
Earnings before Tax (EBT) ¹	23.44	3.222	40.48	41.63	20.48	21.99	29.22	-
Net income ¹	13	2.455	34.2	30.3	12.48	19.31	22.72	28
Net margin	1.84%	0.42%	4.61%	3.68%	1.59%	2.34%	2.72%	3.29%
EPS ²	0.4800	0.0900	1.250	1.100	0.4600	0.6359	0.8300	-
Free Cash Flow ¹	28.28	72.94	89.72	20.09	-	-38.3	13	26.1
FCF margin	4.01%	12.6%	12.09%	2.44%	-	-4.65%	1.56%	3.06%
FCF Conversion (EBITDA)	36.85%	130.28%	112.58%	22.18%	-	-	16.49%	31.03%
FCF Conversion (Net income)	217.48%	2,970.88%	262.39%	66.32%	-	-	57.21%	93.21%
Dividend per Share ²	0.4800	-	0.6240	0.3300	-	0.2367	0.1850	0.1400
Announcement Date	3/13/20	3/15/21	3/14/22	3/14/23	3/14/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	18.6	-	-	-	-	16.4	0.4	-
Net Cash position ¹	-	49.5	125	117	-	-	-	28
Leverage (Debt/EBITDA)	0.2425 x	-	-	-	-	0.2252 x	0.005075 x	-
Free Cash Flow ¹	28.3	72.9	89.7	20.1	-	-38.3	13	26.1
ROE (net income / shareholders' equity)	5.96%	1.13%	14.8%	11.9%	-	6.19%	7.8%	12.6%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	7.950	7.810	9.070	9.510	-	9.960	10.80	11.60
Cash Flow per Share ²	1.560	3.220	3.790	1.450	-	1.990	-	-
Capex ¹	14.5	15.3	14.2	19.6	-	35.3	36.7	27.3
Capex / Sales	2.06%	2.64%	1.91%	2.38%	-	4.28%	4.39%	3.21%
Announcement Date	3/13/20	3/15/21	3/14/22	3/14/23	3/14/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

11.54 EUR

Average target price

14.8 EUR

Spread / Average Target

+28.25%

	1st Jan change	Capi.
BIESSE S.P.A.	-9.13%	338M
NORDSON CORPORATION	-1.42%	14.89B
HAITIAN INTERNATIONAL HOLDINGS LIMITED	+25.00%	4.92B
WUXI LEAD INTELLIGENT EQUIPMENT CO.,LTD.	-14.84%	4.68B
KRONES AG	+10.91%	4.18B
SUZHOU MAXWELL TECHNOLOGIES CO., LTD.	-17.31%	4.12B
TOMRA SYSTEMS ASA	+13.00%	3.73B
IHI CORPORATION	+29.08%	3.43B
KADANT INC.	+0.73%	3.31B
ENPRO INC.	-3.89%	3.18B