AALBERTS NV |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 43.62 EUR | -0.55% |
|
-5.54% | +11.11% |
| May. 22 | Q1 2024 : Some misses, some beats, a few surprises and broadly lofty valuations |  |
| Apr. 03 | AALBERTS : Target upgrade by 10.2% | |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,424 | 4,032 | 6,442 | 4,006 | 4,341 | 4,824 | - | - |
| Enterprise Value (EV) 1 | 5,179 | 4,632 | 6,934 | 4,800 | 4,924 | 5,245 | 5,113 | 4,893 |
| P/E ratio | 19.7 x | 34.4 x | 17.9 x | 12.7 x | 13.8 x | 15.6 x | 14 x | 12 x |
| Yield | 2% | 1.65% | 1.73% | 3.06% | 2.88% | 2.63% | 2.74% | 3.06% |
| Capitalization / Revenue | 1.56 x | 1.54 x | 2.16 x | 1.24 x | 1.31 x | 1.48 x | 1.41 x | 1.31 x |
| EV / Revenue | 1.82 x | 1.77 x | 2.33 x | 1.49 x | 1.48 x | 1.61 x | 1.49 x | 1.33 x |
| EV / EBITDA | 10.5 x | 10.9 x | 11.9 x | 7.57 x | 7.43 x | 8.03 x | 7.05 x | 6.15 x |
| EV / FCF | 22.2 x | 16.4 x | 47.1 x | 81.9 x | 18 x | 16.5 x | 14.6 x | 13.5 x |
| FCF Yield | 4.51% | 6.1% | 2.12% | 1.22% | 5.55% | 6.07% | 6.86% | 7.4% |
| Price to Book | 2.45 x | 2.27 x | 3.01 x | 1.73 x | 1.76 x | 1.82 x | 1.66 x | 1.51 x |
| Nbr of stocks (in thousands) | 110,580 | 110,580 | 110,580 | 110,580 | 110,580 | 110,580 | - | - |
| Reference price 2 | 40.01 | 36.46 | 58.26 | 36.23 | 39.26 | 43.62 | 43.62 | 43.62 |
| Announcement Date | 2/27/20 | 2/24/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,841 | 2,610 | 2,979 | 3,230 | 3,324 | 3,259 | 3,432 | 3,685 |
| EBITDA 1 | 493 | 423 | 585 | 634 | 663 | 653 | 725 | 795.6 |
| EBIT 1 | 320.9 | 187.4 | 506.1 | 445.4 | 463.4 | 458.3 | 504.2 | 580.5 |
| Operating Margin | 11.3% | 7.18% | 16.99% | 13.79% | 13.94% | 14.06% | 14.69% | 15.75% |
| Earnings before Tax (EBT) 1 | 297.7 | 165 | 492.9 | 424.6 | 424 | 416.6 | 467.2 | 543.7 |
| Net income 1 | - | 117.3 | 360.1 | 317.3 | 315.8 | 312.6 | 352.7 | 401.3 |
| Net margin | - | 4.49% | 12.09% | 9.82% | 9.5% | 9.59% | 10.28% | 10.89% |
| EPS 2 | 2.034 | 1.060 | 3.250 | 2.860 | 2.850 | 2.788 | 3.123 | 3.625 |
| Free Cash Flow 1 | 233.8 | 282.6 | 147.1 | 58.6 | 273.4 | 318.1 | 351 | 362.2 |
| FCF margin | 8.23% | 10.83% | 4.94% | 1.81% | 8.23% | 9.76% | 10.23% | 9.83% |
| FCF Conversion (EBITDA) | 47.42% | 66.81% | 25.15% | 9.24% | 41.24% | 48.71% | 48.41% | 45.52% |
| FCF Conversion (Net income) | - | 240.92% | 40.85% | 18.47% | 86.57% | 101.76% | 99.5% | 90.25% |
| Dividend per Share 2 | 0.8000 | 0.6000 | 1.010 | 1.110 | 1.130 | 1.146 | 1.195 | 1.335 |
| Announcement Date | 2/27/20 | 2/24/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,405 | 1,287 | 1,323 | 1,511 | 1,468 | 1,615 | 1,615 | 1,717 | 1,607 | 1,637 | 1,584 |
| EBITDA | - | - | 230.9 | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 203.2 | - | - | - | 235.5 | - | 249 | 246 |
| Operating Margin | - | - | - | 13.45% | - | - | - | 13.71% | - | 15.21% | 15.53% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | - | 204.1 | 205.3 |
| Net income 1 | - | - | 53.5 | 146 | - | - | 157.2 | 160 | - | 154 | 154.9 |
| Net margin | - | - | 4.04% | 9.66% | - | - | 9.73% | 9.32% | - | 9.41% | 9.78% |
| EPS | - | - | - | 1.320 | - | 1.450 | 1.410 | 1.440 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/27/20 | 7/22/20 | 2/24/21 | 7/22/21 | 2/24/22 | 7/21/22 | 2/23/23 | 7/27/23 | 2/22/24 | - | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 755 | 600 | 492 | 794 | 583 | 421 | 290 | 70 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.53 x | 1.418 x | 0.841 x | 1.252 x | 0.8793 x | 0.6451 x | 0.3998 x | 0.0879 x |
| Free Cash Flow 1 | 234 | 283 | 147 | 58.6 | 273 | 318 | 351 | 362 |
| ROE (net income / shareholders' equity) | 13% | 6.55% | 17.2% | 16.7% | 13.2% | 12.2% | 12.1% | 12.8% |
| ROA (Net income/ Total Assets) | - | 5.94% | - | - | - | - | - | - |
| Assets 1 | - | 1,975 | - | - | - | - | - | - |
| Book Value Per Share 2 | 16.40 | 16.00 | 19.40 | 21.00 | 22.30 | 24.00 | 26.20 | 28.90 |
| Cash Flow per Share 2 | 3.420 | 3.410 | 2.640 | 2.240 | 4.450 | 4.010 | 5.010 | 6.730 |
| Capex 1 | 144 | 95 | 145 | 189 | 219 | 239 | 224 | 234 |
| Capex / Sales | 5.07% | 3.64% | 4.85% | 5.84% | 6.58% | 7.33% | 6.54% | 6.34% |
| Announcement Date | 2/27/20 | 2/24/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - | - |
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
7
Last Close Price
43.62
EUR
Average target price
52.5
EUR
Spread / Average Target
+20.36%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.11% | 5.26B | |
| +15.70% | 87.27B | |
| +15.37% | 67.41B | |
| +20.31% | 37.12B | |
| +23.31% | 33.8B | |
| +5.69% | 27.3B | |
| +6.08% | 26.81B | |
| +1.10% | 25.9B | |
| +19.51% | 24.96B | |
| +2.85% | 22.38B |
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- Financials Aalberts NV
