Financials CLASQUIN

Equities

ALCLA

FR0004152882

Marine Freight & Logistics

Market Closed - Euronext Paris Other stock markets 11:35:17 2024-04-26 am EDT			5-day change	1st Jan Change
136 ^EUR	0.00%		-0.73%	+10.12%

Apr. 18	Clasquin SA Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Mar. 28	SAS Shipping Agencies Services SÀRL signed a sale agreement to acquire 42.06% stake in Clasquin SA for ?140 million.	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	80.61	84.48	173.9	136.8	283.8	310	-	-
Enterprise Value (EV) ¹	107.1	113.2	207.1	129	298.9	292.4	274.7	252.4
P/E ratio	20.9 x	16.6 x	10.1 x	6.31 x	-	18.4 x	19.2 x	18.3 x
Yield	1.86%	3.54%	4.87%	10.9%	-	0.77%	-	-
Capitalization / Revenue	0.24 x	0.22 x	0.23 x	0.16 x	0.5 x	0.52 x	0.5 x	0.48 x
EV / Revenue	0.32 x	0.29 x	0.28 x	0.15 x	0.53 x	0.49 x	0.44 x	0.39 x
EV / EBITDA	7.71 x	6.78 x	5.42 x	3.2 x	8.28 x	8.48 x	8.36 x	7.11 x
EV / FCF	6.93 x	197 x	15.2 x	2.11 x	-	19.8 x	15.2 x	11 x
FCF Yield	14.4%	0.51%	6.58%	47.5%	-	5.04%	6.59%	9.07%
Price to Book	3.67 x	3.14 x	4.46 x	2.61 x	-	4.17 x	3.37 x	2.77 x
Nbr of stocks (in thousands)	2,303	2,302	2,289	2,295	2,298	2,280	-	-
Reference price ²	35.00	36.70	76.00	59.60	123.5	136.0	136.0	136.0
Announcement Date	3/18/20	2/24/21	2/24/22	3/22/23	2/21/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	331.3	392	752.2	877.1	562.1	596.8	620	651
EBITDA ¹	13.9	16.7	38.2	40.3	36.1	34.5	32.85	35.5
EBIT ¹	8.6	9.509	27.5	33.4	29.5	26.51	25.35	27.3
Operating Margin	2.6%	2.43%	3.66%	3.81%	5.25%	4.44%	4.09%	4.19%
Earnings before Tax (EBT) ¹	-	8.079	25.07	32.64	-	26.58	24.2	-
Net income ¹	3.9	5.12	17.4	21.8	18.3	16.45	16.3	17.4
Net margin	1.18%	1.31%	2.31%	2.49%	3.26%	2.76%	2.63%	2.67%
EPS ²	1.678	2.209	7.526	9.450	-	7.379	7.075	7.450
Free Cash Flow ¹	15.45	0.575	13.62	61.26	-	14.75	18.1	22.9
FCF margin	4.66%	0.15%	1.81%	6.98%	-	2.47%	2.92%	3.52%
FCF Conversion (EBITDA)	111.16%	3.44%	35.66%	152.01%	-	42.76%	55.1%	64.51%
FCF Conversion (Net income)	396.18%	11.23%	78.29%	281.01%	-	89.67%	111.04%	131.61%
Dividend per Share ²	0.6500	1.300	3.700	6.500	-	1.046	-	-
Announcement Date	3/18/20	2/24/21	2/24/22	3/22/23	2/21/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2018 S2	2019 S1	2020 S1	2020 Q3	2020 Q4	2021 Q1	2021 S1	2021 Q3	2021 Q4	2021 S2	2022 S2	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2023 S2	2024 Q1
Net sales ¹	-	154	181.4	97.8	112.8	135	293.8	205	253.4	-	-	30.1	210.8	284.3	37	135.7	-	31
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	3	3.8	2.74	-	-	-	10.3	-	-	17.27	14.11	-	-	10.95	-	-	10.5	-
Operating Margin	-	2.47%	1.51%	-	-	-	3.51%	-	-	-	-	-	-	3.85%	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	1.9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net margin	-	1.23%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/21/19	9/23/19	8/27/20	10/29/20	2/24/21	4/29/21	9/22/21	10/28/21	2/24/22	2/24/22	3/22/23	5/3/23	-	9/29/23	-	-	-	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	26.5	28.7	33.2	-	15.1	-	-	-
Net Cash position ¹	-	-	-	7.76	-	17.6	35.3	57.6
Leverage (Debt/EBITDA)	1.907 x	1.72 x	0.8691 x	-	0.4183 x	-	-	-
Free Cash Flow ¹	15.5	0.58	13.6	61.3	-	14.8	18.1	22.9
ROE (net income / shareholders' equity)	17.9%	21%	52.7%	47.6%	-	24.7%	18.5%	16.6%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	9.540	11.70	17.10	22.80	-	32.60	40.30	49.10
Cash Flow per Share ²	-	0.9100	6.730	30.00	-	10.90	8.600	-
Capex ¹	2.5	1.53	1.93	5.64	-	4.55	4.55	4.9
Capex / Sales	0.75%	0.39%	0.26%	0.64%	-	0.76%	0.73%	0.75%
Announcement Date	3/18/20	2/24/21	2/24/22	3/22/23	2/21/24	-	-	-

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

Ratings for CLASQUIN

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

136 EUR

Average target price

142 EUR

Spread / Average Target

+4.43%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Marine Freight & Logistics

	1st Jan change	Capi.
CLASQUIN	+10.12%	331M
HAPAG-LLOYD AG	+24.30%	31.49B
COSCO SHIPPING HOLDINGS CO., LTD.	+21.02%	23.83B
AP MOLLER MAERSK	-14.91%	23.03B
NIPPON YUSEN KABUSHIKI KAISHA	-3.80%	12.27B
MITSUI O.S.K. LINES LTD	+4.34%	10.85B
CHINA MERCHANTS ENERGY SHIPPING CO., LTD.	+45.92%	9.64B
KAWASAKI KISEN KAISHA, LTD.	+3.71%	9.39B
ORIENT OVERSEAS (INTERNATIONAL) LIMITED	-1.74%	9.03B
ADNOC LOGISTICS & SERVICES PLC	+3.13%	7.96B

Other Marine Freight & Logistics