ASCOPIAVE S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.42 EUR | +0.62% |
|
+3.20% | +7.56% |
| Apr. 23 | Acinque shareholders appoint new board of directors | AN |
| Mar. 19 | Futures passive; BoJ abandons negative rates. | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 858.2 | 806.9 | 752 | 519 | 487.6 | 524.4 | - | - |
| Enterprise Value (EV) 1 | 1,071 | 1,145 | 1,099 | 930.9 | 487.6 | 885.4 | 833.5 | 862.7 |
| P/E ratio | 1.73 x | 13.4 x | 16.6 x | 15.9 x | 13.5 x | 15.7 x | 14.2 x | 17 x |
| Yield | 5.59% | 4.4% | 4.76% | 5.43% | - | 6.2% | 6.61% | 7.02% |
| Capitalization / Revenue | 6.87 x | 4.92 x | 5.57 x | 3.17 x | 2.7 x | 2.78 x | 2.62 x | 2.59 x |
| EV / Revenue | 8.58 x | 6.99 x | 8.15 x | 5.69 x | 2.7 x | 4.7 x | 4.17 x | 4.26 x |
| EV / EBITDA | 23.9 x | 18 x | 16.6 x | 11.9 x | 5.16 x | 8.98 x | 7.68 x | 7.75 x |
| EV / FCF | 66.5 x | -503 x | 36.8 x | 80.1 x | - | 80.9 x | 51.3 x | 154 x |
| FCF Yield | 1.5% | -0.2% | 2.72% | 1.25% | - | 1.24% | 1.95% | 0.65% |
| Price to Book | 1.02 x | 0.92 x | 0.87 x | 0.6 x | - | 0.67 x | 0.66 x | 0.67 x |
| Nbr of stocks (in thousands) | 224,954 | 221,973 | 216,710 | 216,710 | 216,710 | 216,710 | - | - |
| Reference price 2 | 3.815 | 3.635 | 3.470 | 2.395 | 2.250 | 2.420 | 2.420 | 2.420 |
| Announcement Date | 3/13/20 | 3/11/21 | 3/10/22 | 3/7/23 | 3/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 124.9 | 163.9 | 134.9 | 163.7 | 180.8 | 188.4 | 200 | 202.7 |
| EBITDA 1 | 44.9 | 63.8 | 66.35 | 77.93 | 94.5 | 98.65 | 108.5 | 111.3 |
| EBIT 1 | 21.57 | 29.15 | 33.84 | 31.91 | 45.99 | 45.8 | 51.88 | 49.71 |
| Operating Margin | 17.27% | 17.79% | 25.08% | 19.5% | 25.44% | 24.31% | 25.94% | 24.52% |
| Earnings before Tax (EBT) 1 | 21.1 | 49.31 | 55.26 | 37.97 | 36.62 | 46.8 | 51 | 43.7 |
| Net income 1 | 493.2 | 58.7 | 45.33 | 32.66 | 36.18 | 34.95 | 37.9 | 31.5 |
| Net margin | 394.85% | 35.82% | 33.6% | 19.96% | 20.01% | 18.55% | 18.95% | 15.54% |
| EPS 2 | 2.202 | 0.2710 | 0.2090 | 0.1510 | 0.1670 | 0.1540 | 0.1700 | 0.1420 |
| Free Cash Flow 1 | 16.12 | -2.275 | 29.88 | 11.62 | - | 10.95 | 16.25 | 5.6 |
| FCF margin | 12.91% | -1.39% | 22.14% | 7.1% | - | 5.81% | 8.12% | 2.76% |
| FCF Conversion (EBITDA) | 35.9% | - | 45.03% | 14.91% | - | 11.1% | 14.98% | 5.03% |
| FCF Conversion (Net income) | 3.27% | - | 65.91% | 35.57% | - | 31.33% | 42.88% | 17.78% |
| Dividend per Share 2 | 0.2133 | 0.1600 | 0.1650 | 0.1300 | - | 0.1500 | 0.1600 | 0.1700 |
| Announcement Date | 3/13/20 | 3/11/21 | 3/10/22 | 3/7/23 | 3/7/24 | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | 66.08 | - | - | - | - | - | - | - | - |
| EBITDA | 29.6 | 31.58 | 17.87 | 16.89 | 13.16 | 22.8 | 35.96 | 17.6 | 24.36 | - |
| EBIT | 12.88 | 13.87 | 9.044 | 10.92 | 2.886 | 11.51 | 14.39 | 5.807 | 11.71 | - |
| Operating Margin | - | 20.99% | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | 24.95 | 30.56 | 4.89 | 19.82 | 12.88 | 15.17 | 28.05 | 3.47 | - | - |
| Net income 1 | 21.18 | 26.86 | 2.842 | 15.63 | 12.18 | 11.09 | 23.28 | 2.207 | - | 5.821 |
| Net margin | - | 40.64% | - | - | - | - | - | - | - | - |
| EPS 2 | - | - | - | - | - | - | - | - | - | 0.0270 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/3/20 | 8/5/21 | 11/11/21 | 3/10/22 | 5/12/22 | 8/4/22 | 8/4/22 | 11/3/22 | 3/7/23 | 5/11/23 |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 213 | 338 | 348 | 412 | - | 361 | 309 | 338 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.743 x | 5.304 x | 5.238 x | 5.285 x | - | 3.659 x | 2.848 x | 3.04 x |
| Free Cash Flow 1 | 16.1 | -2.28 | 29.9 | 11.6 | - | 11 | 16.3 | 5.6 |
| ROE (net income / shareholders' equity) | 2.2% | 6.8% | 5.26% | 3.77% | - | 4.15% | 4.4% | 3.65% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 3.730 | 3.940 | 4.010 | 4.000 | - | 3.600 | 3.650 | 3.600 |
| Cash Flow per Share | 0.1800 | 0.1400 | 0.3800 | - | - | - | - | - |
| Capex 1 | 34.4 | 44.4 | 52.9 | 86.9 | - | 90 | 105 | 110 |
| Capex / Sales | 27.57% | 27.11% | 39.18% | 53.1% | - | 47.76% | 52.35% | 54.27% |
| Announcement Date | 3/13/20 | 3/11/21 | 3/10/22 | 3/7/23 | 3/7/24 | - | - | - |
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
HOLD
Number of Analysts
2
Last Close Price
2.42
EUR
Average target price
3.05
EUR
Spread / Average Target
+26.03%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +7.56% | 560M | |
| 0.00% | 14.25B | |
| +16.26% | 9.6B | |
| +7.95% | 8.41B | |
| +5.35% | 7.53B | |
| -3.52% | 7.3B | |
| +28.95% | 5.72B | |
| -28.15% | 5.56B | |
| +18.39% | 5.37B | |
| +3.17% | 5.32B |
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- Financials Ascopiave S.p.A.
