BRANICKS GROUP AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.48 EUR | -2.55% |
|
+7.83% | -26.52% |
| May. 16 | Branicks Group AG Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| May. 16 | Transcript : Branicks Group AG, Q1 2024 Earnings Call, May 16, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,148 | 1,085 | 1,258 | 633.6 | 281.4 | 207.2 | - | - |
| Enterprise Value (EV) 1 | 2,318 | 2,196 | 2,884 | 3,545 | 281.4 | 2,698 | 2,502 | 2,029 |
| P/E ratio | 14.1 x | 15.3 x | 21.6 x | 20.1 x | -4.27 x | -5.98 x | -13.5 x | 41.3 x |
| Yield | 4.15% | 5.2% | 4.88% | 9.84% | - | - | 3.55% | 3.23% |
| Capitalization / Revenue | 11.3 x | 10.8 x | 11.6 x | 3.6 x | 1.49 x | 1.18 x | 1.24 x | 1.41 x |
| EV / Revenue | 22.7 x | 21.8 x | 26.6 x | 20.1 x | 1.49 x | 15.4 x | 15 x | 13.8 x |
| EV / EBITDA | 15.9 x | 15.2 x | 18.2 x | 18.2 x | 1.71 x | 18.4 x | 16.1 x | 15.5 x |
| EV / FCF | 46.7 x | -358 x | 67.2 x | 33.4 x | - | 5.12 x | 11.4 x | 7.51 x |
| FCF Yield | 2.14% | -0.28% | 1.49% | 2.99% | - | 19.5% | 8.77% | 13.3% |
| Price to Book | 1.19 x | 0.99 x | 1.11 x | 0.57 x | - | 0.18 x | 0.18 x | 0.18 x |
| Nbr of stocks (in thousands) | 72,214 | 80,587 | 81,861 | 83,152 | 83,381 | 83,566 | - | - |
| Reference price 2 | 15.90 | 13.46 | 15.37 | 7.620 | 3.375 | 2.480 | 2.480 | 2.480 |
| Announcement Date | 2/5/20 | 2/10/21 | 2/9/22 | 2/15/23 | 4/30/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 101.9 | 100.7 | 108.4 | 176 | 188.3 | 175.3 | 166.8 | 146.6 |
| EBITDA 1 | 146.1 | 145 | 158.6 | 194.4 | 164.5 | 146.2 | 155 | 130.6 |
| EBIT 1 | 111.9 | 106.2 | 115.6 | 101.6 | 2.035 | 65 | 86.27 | 76.97 |
| Operating Margin | 109.82% | 105.44% | 106.66% | 57.73% | 1.08% | 37.08% | 51.74% | 52.51% |
| Earnings before Tax (EBT) 1 | 97.86 | 89.46 | 72.44 | 59.91 | -84.33 | -37.03 | 2.044 | 5.672 |
| Net income 1 | 80.91 | 70.01 | 57.8 | 31.02 | -65.96 | -34.4 | -11.55 | 5.027 |
| Net margin | 79.4% | 69.53% | 53.32% | 17.63% | -35.03% | -19.63% | -6.93% | 3.43% |
| EPS 2 | 1.130 | 0.8800 | 0.7100 | 0.3800 | -0.7900 | -0.4146 | -0.1831 | 0.0600 |
| Free Cash Flow 1 | 49.68 | -6.139 | 42.92 | 106.1 | - | 527.1 | 219.5 | 270.2 |
| FCF margin | 48.75% | -6.1% | 39.6% | 60.3% | - | 300.72% | 131.63% | 184.34% |
| FCF Conversion (EBITDA) | 33.99% | - | 27.06% | 54.58% | - | 360.47% | 141.57% | 206.94% |
| FCF Conversion (Net income) | 61.4% | - | 74.27% | 342.01% | - | - | - | 5,374.98% |
| Dividend per Share 2 | 0.6600 | 0.7000 | 0.7500 | 0.7500 | - | - | 0.0880 | 0.0800 |
| Announcement Date | 2/5/20 | 2/10/21 | 2/9/22 | 2/15/23 | 4/30/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q4 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 51.39 | 30.42 | 50.21 | 75.22 | 49.7 | 51.03 | 46.45 | 96.89 | 45.97 | 45.41 |
| EBITDA 1 | 67.2 | - | 60.7 | 91.2 | 44 | 59.2 | 37.7 | 84.7 | 36.9 | 42.9 |
| EBIT | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | - | 24.11 | 34.86 | 6.082 | 18.96 | -23.24 | -20.62 | -4.904 | -58.81 |
| Net income 1 | 28.46 | - | - | - | - | - | - | - | -4.497 | -44.55 |
| Net margin | 55.39% | - | - | - | - | - | - | - | -9.78% | -98.1% |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/29/20 | 2/9/22 | 8/2/22 | 8/2/22 | 11/9/22 | 2/15/23 | 8/3/23 | 8/3/23 | 10/30/23 | 4/30/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,169 | 1,111 | 1,626 | 2,911 | - | 2,490 | 2,295 | 1,822 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 8.001 x | 7.667 x | 10.25 x | 14.98 x | - | 17.03 x | 14.8 x | 13.95 x |
| Free Cash Flow 1 | 49.7 | -6.14 | 42.9 | 106 | - | 527 | 220 | 270 |
| ROE (net income / shareholders' equity) | 8.71% | 6.78% | 5.18% | 2.78% | - | 3.1% | 3.23% | 3.7% |
| ROA (Net income/ Total Assets) | 3.14% | 2.6% | 1.9% | 0.72% | - | 0.1% | 0.3% | - |
| Assets 1 | 2,574 | 2,691 | 3,042 | 4,337 | - | -34,402 | -3,851 | - |
| Book Value Per Share 2 | 13.40 | 13.70 | 13.80 | 13.30 | - | 13.50 | 13.70 | 13.90 |
| Cash Flow per Share | 0.9000 | 0.8500 | - | - | - | - | - | - |
| Capex 1 | 304 | 5.69 | 16.9 | 52 | - | 5.5 | 4.5 | - |
| Capex / Sales | 298.04% | 5.65% | 15.56% | 29.55% | - | 3.14% | 2.7% | - |
| Announcement Date | 2/5/20 | 2/10/21 | 2/9/22 | 2/15/23 | 4/30/24 | - | - | - |
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
OUTPERFORM
Number of Analysts
6
Last Close Price
2.48
EUR
Average target price
3.375
EUR
Spread / Average Target
+36.09%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -26.52% | 225M | |
| -8.10% | 3.16B | |
| -8.23% | 2.5B | |
| -2.25% | 1.95B | |
| -21.94% | 1.59B | |
| +9.50% | 1.05B | |
| +0.53% | 863M | |
| +5.95% | 774M | |
| -13.65% | 596M | |
| -.--% | 465M |
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- Financials Branicks Group AG
