Financials United Internet AG

Equities

UTDI

DE0005089031

Integrated Telecommunications Services

Market Closed - Xetra 11:35:14 2024-04-26 am EDT 5-day change 1st Jan Change
22.9 EUR +3.15% Intraday chart for United Internet AG +10.74% -0.61%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,750 6,446 6,524 3,527 3,982 3,957 - -
Enterprise Value (EV) 1 7,371 7,699 8,236 5,642 3,982 6,917 7,417 7,044
P/E ratio 13.7 x 22.4 x 15.7 x 9.64 x 17.1 x 11.1 x 10.4 x 9.17 x
Yield 1.71% 1.45% 1.43% 2.65% - 2.16% 2.28% 2.52%
Capitalization / Revenue 1.11 x 1.2 x 1.16 x 0.6 x 0.64 x 0.61 x 0.59 x 0.57 x
EV / Revenue 1.42 x 1.43 x 1.46 x 0.95 x 0.64 x 1.06 x 1.1 x 1.01 x
EV / EBITDA 5.82 x 6.53 x 6.54 x 4.47 x 3.08 x 4.85 x 4.81 x 4.3 x
EV / FCF 12.8 x 16.1 x 13.8 x -67.3 x - 8.95 x 14.5 x 10.2 x
FCF Yield 7.82% 6.22% 7.26% -1.49% - 11.2% 6.9% 9.78%
Price to Book 1.35 x 1.43 x 1.46 x 0.74 x - 0.76 x 0.73 x 0.68 x
Nbr of stocks (in thousands) 196,383 187,231 186,716 186,716 172,816 172,816 - -
Reference price 2 29.28 34.43 34.94 18.89 23.04 22.90 22.90 22.90
Announcement Date 3/26/20 3/25/21 3/18/22 3/30/23 3/26/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,194 5,367 5,646 5,915 6,213 6,496 6,742 6,981
EBITDA 1 1,266 1,179 1,259 1,262 1,292 1,426 1,542 1,636
EBIT 1 791.7 704.8 829.9 781.4 762 802.7 876.6 934.8
Operating Margin 15.24% 13.13% 14.7% 13.21% 12.26% 12.36% 13% 13.39%
Earnings before Tax (EBT) 1 779.7 556.2 773.3 711.5 597.6 648.4 746.4 814.8
Net income 1 423.9 290.5 416.5 367.2 232.7 357.4 386.9 442.6
Net margin 8.16% 5.41% 7.38% 6.21% 3.75% 5.5% 5.74% 6.34%
EPS 2 2.130 1.540 2.220 1.960 1.350 2.063 2.203 2.497
Free Cash Flow 1 576.2 478.7 597.9 -83.86 - 772.7 512.2 689
FCF margin 11.09% 8.92% 10.59% -1.42% - 11.9% 7.6% 9.87%
FCF Conversion (EBITDA) 45.52% 40.61% 47.47% - - 54.17% 33.22% 42.11%
FCF Conversion (Net income) 135.91% 164.76% 143.56% - - 216.2% 132.37% 155.69%
Dividend per Share 2 0.5000 0.5000 0.5000 0.5000 - 0.4954 0.5225 0.5780
Announcement Date 3/26/20 3/25/21 3/18/22 3/30/23 3/26/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 2,658 1,392 1,478 1,444 1,457 1,483 1,531 1,538 1,483 1,561 1,624 - - - - -
EBITDA 620.5 321.3 307.3 330 325.1 328.2 279.2 319 351.1 325.8 296.2 - - - - -
EBIT 385.4 202 185.9 210.2 209.4 214.7 147.2 - - - - - - - - -
Operating Margin 14.5% 14.51% 12.58% 14.56% 14.37% 14.47% 9.62% - - - - - - - - -
Earnings before Tax (EBT) 375.5 - 152.8 193.2 190.4 197.7 130.2 - - - - - - - - -
Net income 1 198.9 101.9 79.58 102.1 93.4 111.1 60.44 73.54 111.1 66.91 26.76 80.83 102.3 90.1 84.26 -
Net margin 7.48% 7.32% 5.38% 7.07% 6.41% 7.49% 3.95% 4.78% 7.49% 4.29% 1.65% - - - - -
EPS 2 1.060 0.5400 0.4300 0.5500 0.5000 0.5400 0.3700 0.4100 0.5900 0.3800 0.1800 0.4654 0.5767 0.5618 0.4804 -
Dividend per Share 2 - - 0.5000 - - - 0.5000 - - - - - - - 0.5000 -
Announcement Date 8/13/20 11/9/21 3/18/22 5/12/22 8/4/22 11/10/22 3/30/23 5/10/23 8/3/23 11/10/23 3/26/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,621 1,253 1,713 2,115 - 2,959 3,460 3,086
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.281 x 1.063 x 1.36 x 1.675 x - 2.075 x 2.244 x 1.886 x
Free Cash Flow 1 576 479 598 -83.9 - 773 512 689
ROE (net income / shareholders' equity) 9.85% 7.48% 8.73% 7.97% - 8.09% 8.66% 8.89%
ROA (Net income/ Total Assets) 4.91% 3.17% 4.41% 3.67% - 2.85% 2.83% 3.19%
Assets 1 8,630 9,180 9,450 10,014 - 12,526 13,665 13,865
Book Value Per Share 2 21.60 24.10 23.90 25.40 - 30.30 31.50 33.80
Cash Flow per Share 2 4.160 4.910 4.730 3.190 - 6.010 5.890 5.300
Capex 1 253 447 290 681 - 906 987 822
Capex / Sales 4.87% 8.33% 5.13% 11.52% - 13.95% 14.63% 11.77%
Announcement Date 3/26/20 3/25/21 3/18/22 3/30/23 3/26/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
22.9 EUR
Average target price
28.05 EUR
Spread / Average Target
+22.49%
Consensus
  1. Stock Market
  2. Equities
  3. UTDI Stock
  4. Financials United Internet AG