Financials HEXAOM

Equities

ALHEX

FR0004159473

Homebuilding

Market Closed - Euronext Paris Other stock markets 11:35:21 2024-05-10 am EDT			5-day change	1st Jan Change
22.2 ^EUR	+1.37%		-3.90%	+13.85%

May. 07	Hexaom: sales down 13.2% in Q1	CF
Mar. 25	Hexaom: 41% increase in net income for the year	CF

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	219.5	251.9	273.2	253.3	127.3	152.1	152.1	-
Enterprise Value (EV) ¹	167.4	231.5	243.7	196	85.04	133.6	74.94	61.24
P/E ratio	8.8 x	13.4 x	13.7 x	11.7 x	-3.88 x	4.07 x	6.81 x	7.71 x
Yield	4.68%	-	2.93%	3.81%	-	7.64%	1.32%	5.44%
Capitalization / Revenue	0.27 x	0.3 x	0.31 x	0.25 x	0.12 x	0.13 x	0.2 x	0.21 x
EV / Revenue	0.21 x	0.28 x	0.28 x	0.2 x	0.08 x	0.13 x	0.1 x	0.08 x
EV / EBITDA	4.16 x	7.34 x	7.15 x	3.78 x	3.43 x	2.44 x	1.85 x	1.49 x
EV / FCF	7.81 x	9.09 x	18 x	7.58 x	13.7 x	1.97 x	3.69 x	3.28 x
FCF Yield	12.8%	11%	5.57%	13.2%	7.31%	50.7%	27.1%	30.5%
Price to Book	1.2 x	1.32 x	1.31 x	1.11 x	0.68 x	0.73 x	0.65 x	0.61 x
Nbr of stocks (in thousands)	6,847	6,846	6,846	6,846	6,846	6,851	6,851	-
Reference price ²	32.05	36.80	39.90	37.00	18.60	22.20	22.20	22.20
Announcement Date	3/19/19	3/16/20	3/24/21	3/23/22	4/28/23	3/22/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	804	841.8	881.8	996.6	1,060	1,024	761.3	732
EBITDA ¹	40.21	31.53	34.07	51.79	24.76	54.71	40.53	41.23
EBIT ¹	36	27.2	29.1	32	1.947	38.4	26.55	26.9
Operating Margin	4.48%	3.23%	3.3%	3.21%	0.18%	3.75%	3.49%	3.68%
Earnings before Tax (EBT) ¹	35.53	-	-	-	-	33.42	25.5	27.7
Net income ¹	24.9	18.5	19.94	22.7	-32.87	32.83	19.6	20
Net margin	3.1%	2.2%	2.26%	2.28%	-3.1%	3.2%	2.57%	2.73%
EPS ²	3.640	2.750	2.910	3.150	-4.800	4.790	3.262	2.880
Free Cash Flow ¹	21.44	25.46	13.56	25.86	6.217	42.3	20.33	18.7
FCF margin	2.67%	3.02%	1.54%	2.59%	0.59%	4.17%	2.67%	2.55%
FCF Conversion (EBITDA)	53.32%	80.75%	39.81%	49.93%	25.11%	80.44%	50.16%	45.35%
FCF Conversion (Net income)	86.09%	137.64%	68.01%	113.91%	-	157.84%	103.74%	93.5%
Dividend per Share ²	1.500	-	1.170	1.410	-	1.697	0.2925	1.207
Announcement Date	3/19/19	3/16/20	3/24/21	3/23/22	4/28/23	3/22/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S1	2022 S1	2024 Q1
Net sales ¹	418	-	213.5
EBITDA	-	-	-
EBIT	10.4	2.457	-
Operating Margin	2.49%	-	-
Earnings before Tax (EBT)	-	-	-
Net income	-	-	-
Net margin	-	-	-
EPS	-	-	-
Dividend per Share	-	-	-
Announcement Date	9/18/19	9/22/22	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	52.1	20.4	29.5	57.3	42.3	68.6	77.2	90.9
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	21.4	25.5	13.6	25.9	6.22	42.3	20.3	18.7
ROE (net income / shareholders' equity)	14.2%	10%	9.99%	9.92%	-15.8%	13.1%	8.3%	8.07%
ROA (Net income/ Total Assets)	-	-	-	-	-	3.8%	3.1%	3.4%
Assets ¹	-	-	-	-	-	705.3	632.3	588.2
Book Value Per Share ²	26.80	27.90	30.40	33.30	27.50	30.60	34.30	36.70
Cash Flow per Share ²	3.860	5.100	5.650	4.670	2.250	3.940	4.610	4.590
Capex ¹	11.4	1.97	4.59	6.12	8.98	8.05	9.27	9.63
Capex / Sales	1.42%	0.23%	0.52%	0.61%	0.85%	0.79%	1.22%	1.32%
Announcement Date	3/19/19	3/16/20	3/24/21	3/23/22	4/28/23	3/22/24	-	-

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

Ratings for HEXAOM

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

22.2 EUR

Average target price

25.7 EUR

Spread / Average Target

+15.77%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Residential Builders - Single Homes

	1st Jan change	Capi.
HEXAOM	+13.85%	164M
LENNAR CORPORATION	+9.32%	44.98B
NVR, INC.	+9.36%	23.99B
MERITAGE HOMES CORPORATION	+3.49%	6.55B
TRI POINTE HOMES, INC.	+12.34%	3.77B
M/I HOMES, INC.	-10.40%	3.42B
HOVNANIAN ENTERPRISES, INC.	+9.11%	1.04B
PT GOWA MAKASSAR TOURISM DEVELOPMENT TBK	+95.60%	295M
SMITH DOUGLAS HOMES CORP.	0.00%	266M
INVERSIONES CENTENARIO S.A.A.	+3.33%	242M

Residential Builders - Single Homes