THERMADOR GROUPE |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 80 EUR | 0.00% |
|
-0.62% | -5.33% |
| Apr. 17 | Thermador: sales down 17% in Q1 | CF |
| Mar. 01 | Thermador Groupe SA Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 482.8 | 588.9 | 934.5 | 792.9 | 777.2 | 736.1 | - | - |
| Enterprise Value (EV) 1 | 495 | 590.9 | 939.9 | 829.9 | 777.2 | 724.1 | 676.3 | 648.7 |
| P/E ratio | 14.1 x | 17.2 x | 18.6 x | 14.2 x | 14.1 x | 13.4 x | 12.7 x | 13.1 x |
| Yield | 3.4% | 2.84% | 1.97% | 2.41% | - | 2.52% | 2.64% | 2.65% |
| Capitalization / Revenue | 1.31 x | 1.49 x | 1.92 x | 1.43 x | 1.34 x | 1.29 x | 1.26 x | 1.26 x |
| EV / Revenue | 1.34 x | 1.49 x | 1.93 x | 1.5 x | 1.34 x | 1.27 x | 1.16 x | 1.11 x |
| EV / EBITDA | 9.27 x | 10.2 x | 11.7 x | 9.38 x | 8.47 x | 8.3 x | 7.39 x | 6.9 x |
| EV / FCF | - | 20.6 x | 57.7 x | 58.7 x | - | 14.7 x | 12.6 x | 11.7 x |
| FCF Yield | - | 4.87% | 1.73% | 1.7% | - | 6.81% | 7.96% | 8.57% |
| Price to Book | 2.2 x | 2.44 x | 3.36 x | 2.49 x | - | 1.86 x | 1.69 x | 1.55 x |
| Nbr of stocks (in thousands) | 9,110 | 9,201 | 9,198 | 9,198 | 9,198 | 9,201 | - | - |
| Reference price 2 | 53.00 | 64.00 | 101.6 | 86.20 | 84.50 | 80.00 | 80.00 | 80.00 |
| Announcement Date | 2/20/20 | 2/19/21 | 2/21/22 | 2/23/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 368.8 | 395.5 | 486.5 | 553.9 | 581 | 569.6 | 584.8 | 586 |
| EBITDA 1 | 53.39 | 58.09 | 80.47 | 88.44 | 91.74 | 87.23 | 91.45 | 94 |
| EBIT 1 | 47.82 | 51.41 | 73.2 | 79.59 | 80.84 | 77.13 | 81.05 | 82 |
| Operating Margin | 12.97% | 13% | 15.05% | 14.37% | 13.92% | 13.54% | 13.86% | 13.99% |
| Earnings before Tax (EBT) 1 | - | 51.02 | 72.98 | - | 79.73 | 77.3 | 83.1 | - |
| Net income 1 | 32.37 | 36.18 | 52.9 | 58.9 | 58.3 | 55.99 | 59.45 | 59 |
| Net margin | 8.78% | 9.15% | 10.87% | 10.63% | 10.04% | 9.83% | 10.17% | 10.07% |
| EPS 2 | 3.760 | 3.730 | 5.450 | 6.070 | 6.010 | 5.985 | 6.300 | 6.120 |
| Free Cash Flow 1 | - | 28.75 | 16.28 | 14.14 | - | 49.3 | 53.85 | 55.6 |
| FCF margin | - | 7.27% | 3.35% | 2.55% | - | 8.66% | 9.21% | 9.49% |
| FCF Conversion (EBITDA) | - | 49.49% | 20.23% | 15.98% | - | 56.52% | 58.88% | 59.15% |
| FCF Conversion (Net income) | - | 79.46% | 30.78% | 24% | - | 88.05% | 90.58% | 94.24% |
| Dividend per Share 2 | 1.800 | 1.820 | 2.000 | 2.080 | - | 2.013 | 2.110 | 2.120 |
| Announcement Date | 2/20/20 | 2/19/21 | 2/21/22 | 2/23/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2022 Q1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 262.7 | 114.1 | 143.8 | 287.6 | - | 323.7 | - |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | 23.36 | 39.1 | - | - | 41.31 | 38.28 | 47.18 | 33.66 |
| Operating Margin | - | 14.88% | - | - | 14.37% | - | 14.58% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | - | 28.24 | - | - | - | - | - | - |
| Net margin | - | 10.75% | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 7/31/20 | 7/30/21 | 10/14/21 | 4/29/22 | 7/29/22 | 2/23/23 | 7/29/23 | 2/28/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 12.2 | 2.04 | 5.37 | 37.1 | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 11.9 | 59.8 | 87.4 |
| Leverage (Debt/EBITDA) | 0.2283 x | 0.0351 x | 0.0667 x | 0.419 x | - | - | - | - |
| Free Cash Flow 1 | - | 28.7 | 16.3 | 14.1 | - | 49.3 | 53.9 | 55.6 |
| ROE (net income / shareholders' equity) | 15.3% | 15.7% | 20.4% | 19.7% | - | 14.6% | 14% | 13.1% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 24.10 | 26.20 | 30.30 | 34.70 | - | 43.00 | 47.40 | 51.50 |
| Cash Flow per Share 2 | 4.490 | 4.260 | 3.100 | 2.600 | - | 6.870 | 7.700 | - |
| Capex 1 | - | 10.5 | 12.2 | 11 | - | 8.9 | 9.25 | 10 |
| Capex / Sales | - | 2.65% | 2.51% | 1.99% | - | 1.56% | 1.58% | 1.71% |
| Announcement Date | 2/20/20 | 2/19/21 | 2/21/22 | 2/23/23 | 2/28/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
80
EUR
Average target price
87.33
EUR
Spread / Average Target
+9.17%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -5.33% | 786M | |
| +11.73% | 82.35B | |
| +20.17% | 71.09B | |
| +20.89% | 37.72B | |
| +15.77% | 32.01B | |
| +9.19% | 27.2B | |
| +3.18% | 26.74B | |
| +4.22% | 26B | |
| +16.93% | 25.5B | |
| +17.14% | 24.76B |
- Stock Market
- Equities
- THEP Stock
- Financials Thermador Groupe
