VETROPACK HOLDING AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 31.75 CHF | +2.25% |
|
+0.47% | -18.80% |
| Mar. 19 | Vetropack Records Higher Profit in FY23, Net Sales Stable | MT |
| Mar. 13 | Vetropack Holding AG Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,205 | 1,348 | 1,142 | 715.6 | 629.4 | - | - |
| Enterprise Value (EV) 1 | 1,126 | 1,288 | 1,053 | 714.1 | 816.6 | 767.3 | 776.3 |
| P/E ratio | 16.5 x | 14.6 x | 17.9 x | 17.6 x | 15.4 x | 9.84 x | 8.52 x |
| Yield | 2.14% | 2.18% | 2.26% | 2.77% | 2.7% | 3.63% | 3.95% |
| Capitalization / Revenue | 1.69 x | 2.03 x | 1.4 x | 0.8 x | 0.72 x | 0.68 x | 0.65 x |
| EV / Revenue | 1.58 x | 1.94 x | 1.29 x | 0.79 x | 0.94 x | 0.83 x | 0.8 x |
| EV / EBITDA | 6.75 x | 8.46 x | 6.38 x | 4.4 x | 5.38 x | 4.29 x | 3.94 x |
| EV / FCF | 33.8 x | 19.7 x | 16.3 x | -11.2 x | 19.4 x | 9.73 x | 14.8 x |
| FCF Yield | 2.96% | 5.07% | 6.12% | -8.91% | 5.16% | 10.3% | 6.74% |
| Price to Book | 1.6 x | 1.55 x | 1.47 x | 0.96 x | 0.67 x | 0.68 x | 0.65 x |
| Nbr of stocks (in thousands) | 19,824 | 22,574 | 19,824 | 19,824 | 19,824 | - | - |
| Reference price 2 | 60.80 | 59.70 | 57.60 | 36.10 | 31.75 | 31.75 | 31.75 |
| Announcement Date | 3/17/20 | 3/17/21 | 3/15/22 | 3/14/23 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 714.9 | 662.6 | 816.5 | 899.4 | 871 | 928 | 968.4 |
| EBITDA 1 | 166.9 | 152.2 | 165.1 | 162.2 | 151.7 | 178.8 | 196.9 |
| EBIT 1 | 90.2 | 76.1 | 81.6 | 89.1 | 70.88 | 91.31 | 103 |
| Operating Margin | 12.62% | 11.49% | 9.99% | 9.91% | 8.14% | 9.84% | 10.64% |
| Earnings before Tax (EBT) 1 | 88.1 | 89.7 | 75.9 | 50.1 | 53.15 | 85.05 | 97.62 |
| Net income 1 | 73 | 81.2 | 63.8 | 40.7 | 44.25 | 68.57 | 78.6 |
| Net margin | 10.21% | 12.25% | 7.81% | 4.53% | 5.08% | 7.39% | 8.12% |
| EPS 2 | 3.682 | 4.100 | 3.220 | 2.050 | 2.067 | 3.227 | 3.725 |
| Free Cash Flow 1 | 33.3 | 65.3 | 64.5 | -63.6 | 42.16 | 78.83 | 52.33 |
| FCF margin | 4.66% | 9.86% | 7.9% | -7.07% | 4.84% | 8.49% | 5.4% |
| FCF Conversion (EBITDA) | 19.95% | 42.9% | 39.07% | - | 27.79% | 44.09% | 26.57% |
| FCF Conversion (Net income) | 45.62% | 80.42% | 101.1% | - | 95.28% | 114.96% | 66.58% |
| Dividend per Share 2 | 1.300 | 1.300 | 1.300 | 1.000 | 0.8579 | 1.152 | 1.253 |
| Announcement Date | 3/17/20 | 3/17/21 | 3/15/22 | 3/14/23 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2023 S1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 353.7 | 323.8 | 338.8 | 399.2 | 417.3 | 435 | 477.9 |
| EBITDA 1 | - | 79.5 | 72.7 | 88.7 | 76.4 | 86.1 | 104.6 |
| EBIT 1 | 41.8 | 40.9 | 35.2 | 46.6 | 35 | 48.3 | 70.1 |
| Operating Margin | 11.82% | 12.63% | 10.39% | 11.67% | 8.39% | 11.1% | 14.67% |
| Earnings before Tax (EBT) | - | 52 | 37.7 | 46.7 | - | - | - |
| Net income 1 | - | 46.3 | 34.9 | 40.4 | 23.4 | -9.7 | 50.7 |
| Net margin | - | 14.3% | 10.3% | 10.12% | 5.61% | -2.23% | 10.61% |
| EPS 2 | - | 2.300 | - | 2.040 | - | -0.4900 | 2.560 |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 3/17/20 | 8/25/20 | 3/17/21 | 8/25/21 | 3/15/22 | 8/24/22 | 8/26/23 |
1CHF in Million2CHF
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 187 | 138 | 147 |
| Net Cash position 1 | 78.8 | 59.7 | 88.7 | 1.5 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 1.234 x | 0.7714 x | 0.7461 x |
| Free Cash Flow 1 | 33.3 | 65.3 | 64.5 | -63.6 | 42.2 | 78.8 | 52.3 |
| ROE (net income / shareholders' equity) | 12.1% | 10.7% | 8.3% | 5.34% | 5.25% | 7.91% | 8.65% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 37.90 | 38.50 | 39.10 | 37.80 | 47.30 | 47.00 | 48.60 |
| Cash Flow per Share 2 | 7.900 | 6.910 | 9.220 | 6.580 | 8.470 | 8.250 | 8.990 |
| Capex 1 | 124 | 71.6 | 118 | 194 | 104 | 65.5 | 108 |
| Capex / Sales | 17.3% | 10.81% | 14.48% | 21.58% | 11.94% | 7.06% | 11.19% |
| Announcement Date | 3/17/20 | 3/17/21 | 3/15/22 | 3/14/23 | - | - | - |
1CHF in Million2CHF
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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
31.75
CHF
Average target price
45.33
CHF
Spread / Average Target
+42.78%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -18.80% | 688M | |
| +3.90% | 4.52B | |
| +4.69% | 3.38B | |
| +11.37% | 2.61B | |
| -8.00% | 2.35B | |
| -12.06% | 1.18B | |
| 0.00% | 598M | |
| +6.75% | 375M | |
| -27.19% | 299M | |
| -36.73% | 228M |
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- Financials Vetropack Holding AG
