LPP SA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15,550 PLN | +3.32% |
|
+1.50% | -3.95% |
| Mar. 27 | Fashion group LPP says banking arrangements unaffected by Hindenburg report | RE |
| Mar. 27 | Transcript : LPP SA, 2023 Earnings Call, Mar 27, 2024 |
Valuation
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 15,528 | 14,107 | 29,435 | 18,765 | 28,848 | - | - |
| Enterprise Value (EV) 1 | 14,739 | 13,835 | 29,054 | 23,057 | 32,209 | 32,034 | 31,700 |
| P/E ratio | 36.9 x | -74.3 x | 30.7 x | 17.1 x | 14.4 x | 12.1 x | 10.5 x |
| Yield | - | - | 2.83% | 3.46% | 3.89% | 4.7% | 6.13% |
| Capitalization / Revenue | 1.57 x | 1.8 x | 2.1 x | 1.18 x | 1.38 x | 1.17 x | 0.96 x |
| EV / Revenue | 1.49 x | 1.76 x | 2.07 x | 1.45 x | 1.54 x | 1.29 x | 1.05 x |
| EV / EBITDA | 7.76 x | 11.3 x | 11.1 x | 8.91 x | 7.5 x | 6.44 x | 5.46 x |
| EV / FCF | 20.1 x | 55.4 x | 17.3 x | -43.1 x | 17.3 x | 15.7 x | 14.4 x |
| FCF Yield | 4.98% | 1.81% | 5.78% | -2.32% | 5.77% | 6.36% | 6.97% |
| Price to Book | 4.78 x | 4.61 x | 8.93 x | 4.71 x | 5.09 x | 4.32 x | 3.69 x |
| Nbr of stocks (in thousands) | 1,834 | 1,834 | 1,852 | 1,854 | 1,855 | - | - |
| Reference price 2 | 8,465 | 7,690 | 15,890 | 10,120 | 15,550 | 15,550 | 15,550 |
| Announcement Date | 5/21/20 | 4/29/21 | 4/20/22 | 4/26/23 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,899 | 7,848 | 14,030 | 15,927 | 20,873 | 24,753 | 30,127 |
| EBITDA 1 | 1,899 | 1,226 | 2,627 | 2,589 | 4,297 | 4,977 | 5,804 |
| EBIT 1 | 805.7 | 153 | 2,087 | 1,460 | 2,689 | 3,129 | 3,625 |
| Operating Margin | 8.14% | 1.95% | 14.88% | 9.17% | 12.88% | 12.64% | 12.03% |
| Earnings before Tax (EBT) 1 | 665.2 | -116.5 | 1,232 | 1,363 | 2,531 | 3,011 | 3,472 |
| Net income 1 | 489.9 | -190.1 | 953.5 | 1,095 | 2,005 | 2,383 | 2,751 |
| Net margin | 4.95% | -2.42% | 6.8% | 6.88% | 9.61% | 9.63% | 9.13% |
| EPS 2 | 229.4 | -103.4 | 518.2 | 590.4 | 1,077 | 1,281 | 1,475 |
| Free Cash Flow 1 | 734.4 | 249.8 | 1,679 | -534.6 | 1,859 | 2,037 | 2,209 |
| FCF margin | 7.42% | 3.18% | 11.97% | -3.36% | 8.91% | 8.23% | 7.33% |
| FCF Conversion (EBITDA) | 38.67% | 20.37% | 63.93% | - | 43.27% | 40.93% | 38.06% |
| FCF Conversion (Net income) | 149.92% | - | 176.09% | - | 92.72% | 85.47% | 80.29% |
| Dividend per Share 2 | - | - | 450.0 | 350.0 | 605.5 | 730.7 | 952.4 |
| Announcement Date | 5/21/20 | 4/29/21 | 4/20/22 | 4/26/23 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: January | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2025 Q1 | 2025 Q2 | 2025 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,913 | 4,123 | 3,034 | 4,341 | 4,367 | 4,185 | 3,639 | 4,575 | 4,350 | 4,377 | 5,527 | 5,225 |
| EBITDA 1 | 1,112 | - | 438.2 | 667.1 | 798 | 755.2 | 551 | 943 | 1,159 | 755.3 | 1,310 | 1,134 |
| EBIT 1 | 817.3 | 587.4 | 186.6 | 395.3 | 511.8 | 435.5 | 230.7 | 607 | 802.6 | 383.5 | 899.2 | 707.7 |
| Operating Margin | 20.88% | 14.25% | 6.15% | 9.11% | 11.72% | 10.41% | 6.34% | 13.27% | 18.45% | 8.76% | 16.27% | 13.54% |
| Earnings before Tax (EBT) 1 | - | - | 144.3 | - | - | - | - | 0.5662 | 718.1 | 323.5 | - | - |
| Net income 1 | 627.6 | -154.7 | 268 | 246.2 | 395.5 | 185.5 | 109.5 | 438.8 | 575.6 | 284.7 | - | - |
| Net margin | 16.04% | -3.75% | 8.83% | 5.67% | 9.06% | 4.43% | 3.01% | 9.59% | 13.23% | 6.5% | - | - |
| EPS | 341.1 | -84.08 | 145.8 | 133.9 | 215.1 | 68.11 | 59.10 | 236.6 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | 350.0 | - | - | - | - | - | - |
| Announcement Date | 12/9/21 | 4/20/22 | 6/14/22 | 10/5/22 | 12/14/22 | 4/26/23 | 6/14/23 | 9/21/23 | 12/1/23 | - | - | - |
1PLN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 4,292 | 3,360 | 3,186 | 2,852 |
| Net Cash position 1 | 789 | 272 | 381 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 1.658 x | 0.7821 x | 0.6402 x | 0.4915 x |
| Free Cash Flow 1 | 734 | 250 | 1,679 | -535 | 1,859 | 2,037 | 2,209 |
| ROE (net income / shareholders' equity) | 16.5% | -6.02% | 30.1% | 30.2% | 37.4% | 37.7% | 38.2% |
| ROA (Net income/ Total Assets) | 5.7% | -1.91% | 7.79% | 8.1% | 12.3% | 12.4% | 12.6% |
| Assets 1 | 8,593 | 9,980 | 12,245 | 13,528 | 16,302 | 19,220 | 21,833 |
| Book Value Per Share 2 | 1,771 | 1,669 | 1,780 | 2,149 | 3,056 | 3,603 | 4,211 |
| Cash Flow per Share | - | 585.0 | 1,633 | 335.0 | - | - | - |
| Capex 1 | 1,004 | 825 | 1,325 | 1,157 | 1,396 | 1,527 | 1,673 |
| Capex / Sales | 10.14% | 10.51% | 9.44% | 7.26% | 6.69% | 6.17% | 5.55% |
| Announcement Date | 5/21/20 | 4/29/21 | 4/20/22 | 4/26/23 | - | - | - |
1PLN in Million2PLN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
15,550
PLN
Average target price
19,177
PLN
Spread / Average Target
+23.32%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -3.95% | 7.13B | |
| +14.99% | 151B | |
| +18.29% | 80.65B | |
| -3.45% | 44.8B | |
| -15.30% | 44.23B | |
| +1.89% | 26.43B | |
| +12.34% | 13.71B | |
| -5.29% | 11.76B | |
| +8.80% | 9.19B | |
| +2.10% | 7.97B |
- Stock Market
- Equities
- LPP Stock
- Financials LPP SA
