Financials MS Industrie AG

Equities

Market Closed - Xetra Other stock markets 11:36:25 2024-04-29 am EDT			After market 03:27:13 pm
1.67 ^EUR	+1.21%		1.67	0.00%

Apr. 25	MS Industrie AG Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	MS Industrie AG Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	58.32	45.64	42.31	44.01	54.54	50.05	-	-
Enterprise Value (EV) ¹	98.6	73.33	81.27	94.11	54.54	126	118.4	101.1
P/E ratio	3.48 x	-6.12 x	-10.9 x	36.8 x	12.1 x	11.8 x	5.59 x	5.5 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	0.26 x	0.28 x	0.26 x	0.21 x	0.22 x	0.22 x	0.19 x	0.19 x
EV / Revenue	0.44 x	0.45 x	0.49 x	0.46 x	0.22 x	0.56 x	0.46 x	0.38 x
EV / EBITDA	3.02 x	17.3 x	8.91 x	6.24 x	2.51 x	5.27 x	3.84 x	3.09 x
EV / FCF	-13.6 x	6.88 x	-6.06 x	-12.8 x	-	14 x	9.78 x	6.46 x
FCF Yield	-7.34%	14.5%	-16.5%	-7.82%	-	7.14%	10.2%	15.5%
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	29,909	29,831	29,904	29,936	29,969	29,969	-	-
Reference price ²	1.950	1.530	1.415	1.470	1.820	1.650	1.650	1.650
Announcement Date	4/30/20	4/30/21	4/29/22	4/28/23	4/25/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	226.4	164	164.7	206.2	246.7	225.9	257.4	266
EBITDA ¹	32.67	4.246	9.117	15.08	21.75	23.9	30.86	32.75
EBIT ¹	18.47	-9.179	-4.431	2.726	9.361	9.9	15.96	17.6
Operating Margin	8.16%	-5.6%	-2.69%	1.32%	3.79%	4.38%	6.2%	6.62%
Earnings before Tax (EBT) ¹	17.56	-10.54	-6.29	0.98	6.235	5.5	9.9	12.8
Net income ¹	16.72	-7.467	-3.995	1.178	4.448	4.2	8.745	9.1
Net margin	7.38%	-4.55%	-2.43%	0.57%	1.8%	1.86%	3.4%	3.42%
EPS ²	0.5600	-0.2500	-0.1300	0.0400	0.1500	0.1400	0.2950	0.3000
Free Cash Flow ¹	-7.234	10.66	-13.41	-7.357	-	9	12.12	15.66
FCF margin	-3.2%	6.5%	-8.14%	-3.57%	-	3.98%	4.71%	5.89%
FCF Conversion (EBITDA)	-	251.11%	-	-	-	37.66%	39.26%	47.83%
FCF Conversion (Net income)	-	-	-	-	-	214.29%	138.54%	172.14%
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	4/30/20	4/30/21	4/29/22	4/28/23	4/25/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	40.3	27.7	39	50.1	-	76	68.4	51.1
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.233 x	6.522 x	4.273 x	3.323 x	-	3.18 x	2.216 x	1.56 x
Free Cash Flow ¹	-7.23	10.7	-13.4	-7.36	-	9	12.1	15.7
ROE (net income / shareholders' equity)	23.5%	-10.3%	-5.85%	1.69%	-	5.7%	9.4%	10.5%
ROA (Net income/ Total Assets)	8.84%	-3.95%	-2.25%	0.6%	-	2%	3.5%	4.2%
Assets ¹	189	189.3	177.7	197.2	-	210	249.9	216.7
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	13.3	7.57	10.2	9.23	-	6.7	8.1	7.85
Capex / Sales	5.87%	4.61%	6.19%	4.48%	-	2.97%	3.15%	2.95%
Announcement Date	4/30/20	4/30/21	4/29/22	4/28/23	4/25/24	-	-	-

¹EUR in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.65 EUR

Average target price

2.9 EUR

Spread / Average Target

+75.76%

	1st Jan change	Capi.
MS INDUSTRIE AG	-8.24%	52.79M
DENSO CORPORATION	+29.62%	50.98B
WEICHAI POWER CO., LTD.	+26.53%	20.39B
APTIV PLC	-19.47%	19.42B
FUYAO GLASS INDUSTRY GROUP CO., LTD.	+30.52%	17.27B
HYUNDAI MOBIS CO.,LTD	-3.16%	15.84B
MAGNA INTERNATIONAL INC.	-13.96%	14.09B
CONTINENTAL AG	-20.75%	13.35B
SUMITOMO ELECTRIC INDUSTRIES, LTD.	+31.97%	11.74B
SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED	+28.24%	10.66B