Financials Ei Towers SpA

Equities

EIT

IT0003043418

End-of-day quote Borsa Italiana 5-day change 1st Jan Change
- EUR -.--% Intraday chart for Ei Towers SpA -.--% +6.36%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,474 1,530 1,530 1,530 1,530 1,530
Enterprise Value (EV) 1 1,791 1,776 2,480 2,316 2,253 2,247
P/E ratio 26.9 x 24.8 x 32.1 x 37.8 x 6.47 x 45.6 x
Yield 3.83% - - - - -
Capitalization / Revenue 5.6 x 5.63 x 5.41 x 5.53 x 5.6 x 5.14 x
EV / Revenue 6.81 x 6.53 x 8.77 x 8.37 x 8.24 x 7.54 x
EV / EBITDA 13.4 x 12.7 x 16 x 16 x 15.8 x 15.3 x
EV / FCF 42.7 x 20.2 x 25.3 x -28.2 x 9.54 x 21.4 x
FCF Yield 2.34% 4.96% 3.95% -3.55% 10.5% 4.68%
Price to Book 2.91 x 2.78 x 1.41 x 1.47 x 1.66 x 1.7 x
Nbr of stocks (in thousands) 27,547 26,898 26,898 26,898 26,898 26,898
Reference price 2 53.50 56.90 56.90 56.90 56.90 56.90
Announcement Date 3/29/18 5/15/19 6/8/20 3/31/21 4/8/22 4/3/23
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 263.3 271.9 282.7 276.8 273.5 298
EBITDA 1 133.2 140 155 144.7 142.3 147.1
EBIT 1 92.41 100.1 82.12 62.77 61.6 67.3
Operating Margin 35.1% 36.82% 29.05% 22.68% 22.53% 22.59%
Earnings before Tax (EBT) 1 76.6 91.47 62.16 50.2 266.8 47.73
Net income 1 54.5 64.9 50.11 42.5 248.7 35.3
Net margin 20.7% 23.87% 17.72% 15.35% 90.94% 11.85%
EPS 2 1.990 2.296 1.773 1.504 8.799 1.249
Free Cash Flow 1 41.94 88.11 98.06 -82.25 236.1 105.1
FCF margin 15.93% 32.41% 34.68% -29.71% 86.33% 35.26%
FCF Conversion (EBITDA) 31.49% 62.95% 63.27% - 165.86% 71.43%
FCF Conversion (Net income) 76.97% 135.76% 195.68% - 94.94% 297.64%
Dividend per Share 2 2.050 - - - - -
Announcement Date 3/29/18 5/15/19 6/8/20 3/31/21 4/8/22 4/3/23
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 318 246 950 786 723 716
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.385 x 1.756 x 6.129 x 5.43 x 5.077 x 4.869 x
Free Cash Flow 1 41.9 88.1 98.1 -82.2 236 105
ROE (net income / shareholders' equity) 9.62% 12.1% 5.82% 3.81% 24.1% 3.69%
ROA (Net income/ Total Assets) 5.78% 6.3% 2.94% 1.53% 1.67% 2.1%
Assets 1 943.1 1,030 1,706 2,771 14,919 1,678
Book Value Per Share 2 18.40 20.50 40.30 38.60 34.20 33.40
Cash Flow per Share 2 0.3100 0.3100 0.3400 1.030 0.6900 0.5600
Capex 1 13.7 14.4 10.1 23.9 39.6 28.7
Capex / Sales 5.22% 5.31% 3.56% 8.62% 14.49% 9.62%
Announcement Date 3/29/18 5/15/19 6/8/20 3/31/21 4/8/22 4/3/23
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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