Financials Sogeclair S.A

Equities

Market Closed - Euronext Paris Other stock markets 10:48:13 2024-04-26 am EDT			5-day change	1st Jan Change
21.6 ^EUR	0.00%		+0.47%	+17.71%

Mar. 13	Sogeclair SA Proposes Dividend for the Year Ended December 31, 2023	CI
Mar. 13	Sogeclair SA Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	61.94	86.5	62.66	73.47	60.91	65.83	65.83	-
Enterprise Value (EV) ¹	78.92	110.3	81.15	87.78	77.21	55.92	77.48	71.53
P/E ratio	9.83 x	17.4 x	-4.38 x	27.9 x	30.6 x	18 x	10.5 x	9.27 x
Yield	2.98%	3.07%	4.25%	3.75%	4.52%	5.12%	4.26%	4.26%
Capitalization / Revenue	0.39 x	0.47 x	0.51 x	0.61 x	0.45 x	0.38 x	0.42 x	0.39 x
EV / Revenue	0.5 x	0.6 x	0.66 x	0.73 x	0.57 x	0.38 x	0.49 x	0.42 x
EV / EBITDA	5.06 x	6.53 x	12.5 x	8.36 x	6.13 x	3.35 x	4.26 x	3.58 x
EV / FCF	-18.3 x	22.1 x	3.7 x	-36.6 x	-36.1 x	62 x	8.33 x	8.57 x
FCF Yield	-5.46%	4.53%	27%	-2.74%	-2.77%	1.61%	12%	11.7%
Price to Book	1.27 x	1.44 x	-	-	-	1.39 x	1.32 x	1.21 x
Nbr of stocks (in thousands)	2,753	2,952	2,956	3,061	3,061	3,048	3,048	-
Reference price ²	22.50	29.30	21.20	24.00	19.90	21.60	21.60	21.60
Announcement Date	3/20/19	3/18/20	3/17/21	3/16/22	3/15/23	3/13/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	159.4	185	123.1	121	134.9	148	158.4	169.7
EBITDA ¹	15.6	16.9	6.5	10.5	12.6	16.7	18.2	20
EBIT ¹	9.1	8.8	-13.3	4.1	4.7	6.9	9.05	10.55
Operating Margin	5.71%	4.76%	-10.8%	3.39%	3.48%	4.66%	5.72%	6.22%
Earnings before Tax (EBT)	8.061	7.799	-	-	-	-	-	-
Net income ¹	6.3	5	-14.3	2.6	2	3.1	6.3	7.1
Net margin	3.95%	2.7%	-11.62%	2.15%	1.48%	2.09%	3.98%	4.18%
EPS ²	2.290	1.680	-4.840	0.8600	0.6500	1.200	2.050	2.330
Free Cash Flow ¹	-4.305	4.999	21.92	-2.401	-2.137	1.2	9.3	8.35
FCF margin	-2.7%	2.7%	17.81%	-1.98%	-1.58%	0.81%	5.87%	4.92%
FCF Conversion (EBITDA)	-	29.58%	337.31%	-	-	8.16%	51.1%	41.75%
FCF Conversion (Net income)	-	99.98%	-	-	-	32.43%	147.62%	117.61%
Dividend per Share ²	0.6700	0.9000	0.9000	0.9000	0.9000	0.9400	0.9200	0.9200
Announcement Date	3/20/19	3/18/20	3/17/21	3/16/22	3/15/23	3/13/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	17	23.8	18.5	14.3	16.3	8.6	11.7	5.7
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.088 x	1.408 x	2.844 x	1.363 x	1.294 x	0.585 x	0.6401 x	0.285 x
Free Cash Flow ¹	-4.31	5	21.9	-2.4	-2.14	1.2	9.3	8.35
ROE (net income / shareholders' equity)	12.8%	8.87%	-28.1%	5.87%	4.08%	5.04%	9.4%	10.6%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	17.70	20.40	-	-	-	15.50	16.40	17.90
Cash Flow per Share ²	4.590	5.590	0.3400	2.160	3.910	4.260	5.290	5.790
Capex ¹	4.3	3.64	3.92	-	-	5.7	6.3	6.8
Capex / Sales	2.7%	1.97%	3.18%	-	-	3.85%	3.98%	4.01%
Announcement Date	3/20/19	3/18/20	3/17/21	3/16/22	3/15/23	3/13/24	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

21.6 EUR

Average target price

30.2 EUR

Spread / Average Target

+39.81%

	1st Jan change	Capi.
SOGECLAIR S.A	+17.71%	70.27M
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NORTHROP GRUMMAN CORPORATION	+2.63%	71.1B
BAE SYSTEMS PLC	+20.67%	50.29B
ROLLS-ROYCE HOLDINGS PLC	+40.51%	43.87B
L3HARRIS TECHNOLOGIES, INC.	+1.86%	40.78B
HINDUSTAN AERONAUTICS LIMITED	+42.10%	31.95B
RHEINMETALL AG	+82.72%	24.31B
AXON ENTERPRISE, INC.	+19.32%	23.26B