ENTER AIR SP. Z O.O. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 66 PLN | 0.00% |
|
-3.65% | +28.91% |
| Apr. 25 | Enter Air Sp. z o.o. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 08 | Enter Air Signs USD 227 Million Worth Deal with TUI Poland | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 375.4 | 771.9 | 684.2 | 546.5 | 436.8 | 898.2 |
| Enterprise Value (EV) 1 | 847.7 | 1,787 | 1,928 | 1,741 | 1,602 | 2,160 |
| P/E ratio | 5.67 x | 9.08 x | -4.44 x | -4.67 x | 6.04 x | 4.57 x |
| Yield | 3.27% | - | - | - | - | - |
| Capitalization / Revenue | 0.29 x | 0.48 x | 1.45 x | 0.49 x | 0.19 x | 0.34 x |
| EV / Revenue | 0.65 x | 1.11 x | 4.1 x | 1.55 x | 0.71 x | 0.82 x |
| EV / EBITDA | 5.33 x | 5.15 x | 48.6 x | 7.1 x | 4.12 x | 5.36 x |
| EV / FCF | 13 x | 13.5 x | 29.4 x | 8.62 x | 5.9 x | 7.69 x |
| FCF Yield | 7.7% | 7.42% | 3.4% | 11.6% | 17% | 13% |
| Price to Book | 1.18 x | 2.13 x | 3.32 x | 6.14 x | 2.71 x | 2.51 x |
| Nbr of stocks (in thousands) | 17,544 | 17,544 | 17,544 | 17,544 | 17,544 | 17,544 |
| Reference price 2 | 21.40 | 44.00 | 39.00 | 31.15 | 24.90 | 51.20 |
| Announcement Date | 5/1/19 | 5/22/20 | 4/30/21 | 4/30/22 | 4/27/23 | 4/25/24 |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,296 | 1,615 | 470.5 | 1,120 | 2,256 | 2,626 |
| EBITDA 1 | 159.1 | 346.8 | 39.64 | 245.3 | 388.9 | 402.9 |
| EBIT 1 | 118.8 | 173.6 | -134.8 | 22.44 | 171.8 | 163.9 |
| Operating Margin | 9.16% | 10.75% | -28.65% | 2% | 7.62% | 6.24% |
| Earnings before Tax (EBT) 1 | 84.57 | 107.8 | -188 | -141.1 | 77.14 | 240.5 |
| Net income 1 | 66.25 | 84.99 | -154.1 | -117.1 | 72.27 | 196.4 |
| Net margin | 5.11% | 5.26% | -32.75% | -10.45% | 3.2% | 7.48% |
| EPS 2 | 3.776 | 4.845 | -8.785 | -6.676 | 4.119 | 11.20 |
| Free Cash Flow 1 | 65.24 | 132.6 | 65.62 | 202.1 | 271.6 | 281 |
| FCF margin | 5.03% | 8.21% | 13.95% | 18.04% | 12.04% | 10.7% |
| FCF Conversion (EBITDA) | 41.01% | 38.23% | 165.54% | 82.36% | 69.84% | 69.74% |
| FCF Conversion (Net income) | 98.47% | 155.96% | - | - | 375.78% | 143.03% |
| Dividend per Share 2 | 0.7000 | - | - | - | - | - |
| Announcement Date | 5/1/19 | 5/22/20 | 4/30/21 | 4/30/22 | 4/27/23 | 4/25/24 |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 275.7 | 215.1 | 602.6 | 1,006 | 431.9 | 313.8 | 697.7 | - | 396.8 |
| EBITDA 1 | - | 11.99 | 18.13 | 112.5 | 266.6 | 45.44 | 40.51 | 134.6 | - | 37.5 |
| EBIT 1 | - | - | -36.16 | 58.57 | 211.7 | -8.459 | -13.22 | 75.61 | - | -25.6 |
| Operating Margin | - | - | -16.81% | 9.72% | 21.04% | -1.96% | -4.21% | 10.84% | - | -6.45% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | 75.63 | - | - | - | - | - | - | - | 56.91 | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| EPS | 4.310 | - | - | - | - | - | - | - | 3.240 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/29/21 | 4/29/22 | 5/30/22 | 9/30/22 | 11/29/22 | 3/1/23 | 5/30/23 | 9/29/23 | 11/29/23 | - |
1PLN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 472 | 1,015 | 1,243 | 1,195 | 1,165 | 1,262 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.969 x | 2.928 x | 31.37 x | 4.871 x | 2.995 x | 3.133 x |
| Free Cash Flow 1 | 65.2 | 133 | 65.6 | 202 | 272 | 281 |
| ROE (net income / shareholders' equity) | 22.8% | 25.6% | -54.4% | -79.3% | 57.7% | 75.7% |
| ROA (Net income/ Total Assets) | 7.24% | 7.52% | -4.9% | 0.81% | 5.97% | 5.14% |
| Assets 1 | 915.2 | 1,130 | 3,147 | -14,436 | 1,210 | 3,822 |
| Book Value Per Share 2 | 18.10 | 20.60 | 11.80 | 5.080 | 9.200 | 20.40 |
| Cash Flow per Share 2 | 5.720 | 5.040 | 4.490 | 15.30 | 16.70 | 15.70 |
| Capex 1 | 92.5 | 83.5 | 19.6 | 1.49 | 6.79 | 13 |
| Capex / Sales | 7.13% | 5.17% | 4.17% | 0.13% | 0.3% | 0.5% |
| Announcement Date | 5/1/19 | 5/22/20 | 4/30/21 | 4/30/22 | 4/27/23 | 4/25/24 |
1PLN in Million2PLN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +28.91% | 286M | |
| -32.94% | 1.6B | |
| -3.16% | 74.96M | |
| -21.82% | 72.78M | |
| 0.00% | 71.93M |
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