Financials ABO Wind AG

Equities

Market Closed - Xetra Other stock markets 11:36:13 2024-05-31 am EDT			5-day change	1st Jan Change
55.4 ^EUR	-0.36%		-1.07%	+34.79%

May. 03	ABO Wind Raises EUR62.5 Million from Upsized Green Bond Offering	MT
Apr. 11	ABO Wind to Launch EUR50 Million Corporate Bond Offering	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	427.8	514.5	684.2	379	510.8	-	-
Enterprise Value (EV) ¹	435.3	582	777.7	541.9	664.1	654.2	642.4
P/E ratio	32.7 x	37.2 x	27.8 x	-	17.9 x	17 x	14.5 x
Yield	-	0.88%	0.73%	1.46%	1.12%	1.17%	1.19%
Capitalization / Revenue	2.87 x	4.05 x	2.95 x	1.26 x	1.46 x	1.43 x	1.15 x
EV / Revenue	2.92 x	4.58 x	3.36 x	1.81 x	1.89 x	1.83 x	1.45 x
EV / EBITDA	12.5 x	19.1 x	13.7 x	9.13 x	9.76 x	9.36 x	7.84 x
EV / FCF	10.7 x	-10.8 x	-40.7 x	-7.93 x	28.2 x	25.2 x	22.7 x
FCF Yield	9.31%	-9.29%	-2.46%	-12.6%	3.54%	3.97%	4.41%
Price to Book	-	3.43 x	4.03 x	1.97 x	2.37 x	2.12 x	1.89 x
Nbr of stocks (in thousands)	9,221	9,221	9,221	9,221	9,221	-	-
Reference price ²	46.40	55.80	74.20	41.10	55.40	55.40	55.40
Announcement Date	3/15/21	3/17/22	3/14/23	3/14/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	126.3	149.2	127.1	231.7	299.7	350.6	357.4	443
EBITDA ¹	27.62	34.76	30.48	56.97	59.34	68.04	69.87	81.95
EBIT ¹	19.64	22.16	22.45	43.12	42.64	51.62	53.8	63.67
Operating Margin	15.56%	14.86%	17.66%	18.62%	14.23%	14.72%	15.05%	14.37%
Earnings before Tax (EBT) ¹	18.07	20.7	20.96	38.24	41.77	43.31	47.35	53.18
Net income ¹	11.4	13.12	13.8	24.58	27.22	28.58	30	35.1
Net margin	9.03%	8.8%	10.86%	10.61%	9.08%	8.15%	8.39%	7.92%
EPS ²	-	1.420	1.500	2.670	-	3.100	3.255	3.810
Free Cash Flow ¹	-24.42	40.53	-54.05	-19.1	-68.36	23.51	25.99	28.36
FCF margin	-19.34%	27.17%	-42.52%	-8.25%	-22.81%	6.71%	7.27%	6.4%
FCF Conversion (EBITDA)	-	116.58%	-	-	-	34.55%	37.2%	34.61%
FCF Conversion (Net income)	-	308.89%	-	-	-	82.25%	86.65%	80.8%
Dividend per Share ²	-	-	0.4900	0.5400	0.6000	0.6200	0.6500	0.6600
Announcement Date	6/9/20	3/15/21	3/17/22	3/14/23	3/14/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	65.2	7.46	67.5	93.5	163	153	143	132
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.36 x	0.2145 x	2.214 x	1.641 x	2.745 x	2.252 x	2.052 x	1.606 x
Free Cash Flow ¹	-24.4	40.5	-54.1	-19.1	-68.4	23.5	26	28.4
ROE (net income / shareholders' equity)	11.8%	10.8%	9.52%	15.4%	15%	13.3%	13%	13%
ROA (Net income/ Total Assets)	5.22%	5.34%	5.05%	6.57%	5.76%	6.6%	7%	7.2%
Assets ¹	218.3	245.9	273.2	374.2	472.6	433.1	428.5	487.5
Book Value Per Share ²	-	-	16.30	18.40	20.90	23.40	26.10	29.30
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	1.97	1.95	3.86	5.25	5.36	5.26	5.54	6.2
Capex / Sales	1.56%	1.31%	3.04%	2.27%	1.79%	1.5%	1.55%	1.4%
Announcement Date	6/9/20	3/15/21	3/17/22	3/14/23	3/14/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

55.4 EUR

Average target price

106.8 EUR

Spread / Average Target

+92.69%

	1st Jan change	Capi.
ABO WIND AG	+34.79%	554M
SUZLON ENERGY LIMITED	+30.89%	7.77B
SANY RENEWABLE ENERGY CO.,LTD.	-2.55%	4.6B
GOLDWIND SCIENCE AND TECHNOLOGY CO., LTD.	-2.50%	4.08B
TITAN WIND ENERGY (SUZHOU) CO.,LTD	-8.02%	2.65B
INOX WIND LIMITED	+21.50%	2.33B
DAJIN HEAVY INDUSTRY CO.,LTD.	-8.08%	2.15B
CENTURY WIND POWER CO., LTD.	+57.62%	1.71B
CS WIND CORPORATION	-24.79%	1.58B
JIANGSU HAILI WIND POWER EQUIPMENT TECHNOLOGY CO., LTD.	-17.18%	1.47B