ZIGNAGO VETRO S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.54 EUR | +0.97% |
|
+2.28% | -12.06% |
| Apr. 26 | Mib up; US stocks up after PCE data | AN |
| Apr. 16 | Mid & Small" conference kicks off in London with Made in Italy champions | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,114 | 1,200 | 1,508 | 1,247 | 1,263 | 1,110 | - | - |
| Enterprise Value (EV) 1 | 1,320 | 1,400 | 1,759 | 1,531 | 1,263 | 1,304 | 1,254 | 1,224 |
| P/E ratio | 21 x | 26.3 x | 25.1 x | 14.5 x | 10.3 x | 15.1 x | 12.4 x | 12.3 x |
| Yield | 3.32% | 2.63% | 2.33% | 4.26% | - | 4.63% | 5.37% | 5.71% |
| Capitalization / Revenue | 2.65 x | 2.95 x | 3.06 x | 1.95 x | 1.81 x | 1.78 x | 1.63 x | 1.62 x |
| EV / Revenue | 3.14 x | 3.44 x | 3.57 x | 2.39 x | 1.81 x | 2.09 x | 1.84 x | 1.78 x |
| EV / EBITDA | 11.2 x | 13.1 x | 13.5 x | 9.44 x | 5.75 x | 7.58 x | 6.73 x | 6.31 x |
| EV / FCF | 69 x | 31.5 x | 59.2 x | -675 x | - | 12.2 x | 11.5 x | 11.3 x |
| FCF Yield | 1.45% | 3.17% | 1.69% | -0.15% | - | 8.18% | 8.68% | 8.87% |
| Price to Book | 5.02 x | 5.22 x | 5.77 x | - | - | 2.8 x | 2.51 x | 2.39 x |
| Nbr of stocks (in thousands) | 87,691 | 87,691 | 87,691 | 88,438 | 88,536 | 88,501 | - | - |
| Reference price 2 | 12.70 | 13.68 | 17.20 | 14.10 | 14.26 | 12.54 | 12.54 | 12.54 |
| Announcement Date | 3/13/20 | 3/12/21 | 3/11/22 | 3/15/23 | 3/29/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 420.5 | 406.6 | 493 | 640.8 | 699.4 | 624 | 682.7 | 686 |
| EBITDA 1 | 118.1 | 106.6 | 130.3 | 162.2 | 219.4 | 172 | 186.4 | 194 |
| EBIT 1 | 69.16 | 53.82 | 75.77 | 99.18 | 151 | 116.3 | 116.6 | 121.5 |
| Operating Margin | 16.45% | 13.24% | 15.37% | 15.48% | 21.58% | 18.64% | 17.08% | 17.71% |
| Earnings before Tax (EBT) 1 | 67.65 | 46.97 | 76.54 | 101.2 | 143.4 | 93 | 110 | 113.5 |
| Net income 1 | 53.05 | 45.63 | 60.02 | 86.6 | 122.4 | 73 | 89.14 | 90 |
| Net margin | 12.62% | 11.22% | 12.17% | 13.51% | 17.5% | 11.7% | 13.06% | 13.12% |
| EPS 2 | 0.6050 | 0.5200 | 0.6840 | 0.9730 | 1.380 | 0.8290 | 1.015 | 1.024 |
| Free Cash Flow 1 | 19.14 | 44.36 | 29.7 | -2.267 | - | 106.7 | 108.8 | 108.5 |
| FCF margin | 4.55% | 10.91% | 6.02% | -0.35% | - | 17.09% | 15.94% | 15.82% |
| FCF Conversion (EBITDA) | 16.21% | 41.63% | 22.8% | - | - | 62.02% | 58.38% | 55.93% |
| FCF Conversion (Net income) | 36.07% | 97.23% | 49.48% | - | - | 146.12% | 122.06% | 120.56% |
| Dividend per Share 2 | 0.4220 | 0.3600 | 0.4000 | 0.6000 | - | 0.5800 | 0.6740 | 0.7160 |
| Announcement Date | 3/13/20 | 3/12/21 | 3/11/22 | 3/15/23 | 3/29/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 196.4 | 233 | 121.1 | 138.8 | 147.3 | 152.4 | 299.6 | 164.6 | 176.5 | 198 | 186.8 | 384.8 | 161.1 | 153.5 |
| EBITDA 1 | 48.9 | 61.94 | 33.5 | 34.79 | 27.59 | 36.51 | 64.1 | 33.23 | 64.83 | 57.06 | 63.3 | 120.4 | 48.11 | 50.94 |
| EBIT 1 | 21.91 | 34.93 | 19.7 | 21.12 | 12.48 | 21.56 | 34.04 | 17.88 | 47.26 | 39.88 | 45.75 | 85.63 | - | 34.93 |
| Operating Margin | 11.16% | 14.99% | 16.27% | 15.22% | 8.47% | 14.15% | 11.36% | 10.86% | 26.77% | 20.14% | 24.5% | 22.26% | - | 22.75% |
| Earnings before Tax (EBT) | - | 35.51 | 18.9 | 22.12 | 16.2 | 25.22 | 41.42 | 18.19 | 41.56 | - | - | - | - | - |
| Net income 1 | 13.99 | 28.74 | 15.1 | 16.19 | 12.53 | 18.56 | 31.09 | 13.04 | 42.47 | - | - | - | - | 26.77 |
| Net margin | 7.12% | 12.33% | 12.47% | 11.66% | 8.51% | 12.18% | 10.38% | 7.92% | 24.06% | - | - | - | - | 17.44% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/31/20 | 7/29/21 | 11/5/21 | 3/11/22 | 4/29/22 | 7/28/22 | 7/28/22 | 11/11/22 | 3/15/23 | 5/4/23 | 7/28/23 | 7/28/23 | 11/7/23 | 3/29/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 207 | 200 | 251 | 284 | - | 194 | 144 | 114 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.752 x | 1.876 x | 1.923 x | 1.751 x | - | 1.127 x | 0.7716 x | 0.5876 x |
| Free Cash Flow 1 | 19.1 | 44.4 | 29.7 | -2.27 | - | 107 | 109 | 109 |
| ROE (net income / shareholders' equity) | 25.1% | 20.2% | 24.4% | 29.1% | - | 21.4% | 22.5% | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 2.530 | 2.620 | 2.980 | - | - | 4.480 | 5.000 | 5.260 |
| Cash Flow per Share 2 | 0.7500 | 0.9100 | 1.180 | 0.7200 | - | 1.390 | 1.280 | 1.240 |
| Capex 1 | 46.3 | 35.2 | 73.5 | 66.4 | - | 69.5 | 49.8 | 50.8 |
| Capex / Sales | 11.02% | 8.66% | 14.92% | 10.35% | - | 11.14% | 7.3% | 7.4% |
| Announcement Date | 3/13/20 | 3/12/21 | 3/11/22 | 3/15/23 | 3/29/24 | - | - | - |
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+
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
12.54
EUR
Average target price
17.78
EUR
Spread / Average Target
+41.79%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -12.06% | 1.18B | |
| +3.90% | 4.52B | |
| +4.69% | 3.38B | |
| +11.37% | 2.61B | |
| -8.00% | 2.35B | |
| -18.80% | 688M | |
| 0.00% | 598M | |
| +6.75% | 375M | |
| -27.19% | 299M | |
| -36.73% | 228M |
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