Financials Brockhaus Technologies AG

Equities

Delayed Xetra Other stock markets 07:17:23 2024-06-03 am EDT			5-day change	1st Jan Change
27.1 ^EUR	-1.09%		+7.11%	+4.63%

May. 15	Transcript : Brockhaus Technologies AG, Q1 2024 Earnings Call, May 15, 2024
May. 15	Brockhaus Technologies AG Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	305.3	237.8	245.2	283.5	286.3	-	-
Enterprise Value (EV) ¹	181.7	348.4	273.3	283.5	311.5	266.5	207
P/E ratio	-38 x	-15.1 x	5 x	-83.5 x	29.4 x	13.8 x	9.82 x
Yield	-	-	-	0.85%	0.99%	1.23%	1.5%
Capitalization / Revenue	5.92 x	3.94 x	1.72 x	1.52 x	1.25 x	0.99 x	0.84 x
EV / Revenue	3.52 x	5.78 x	1.92 x	1.52 x	1.36 x	0.92 x	0.61 x
EV / EBITDA	14.8 x	16 x	5.47 x	4.56 x	3.54 x	2.37 x	1.54 x
EV / FCF	38.4 x	-47.2 x	8.12 x	8.75 x	9.18 x	5.28 x	3.1 x
FCF Yield	2.6%	-2.12%	12.3%	11.4%	10.9%	19%	32.2%
Price to Book	-	1.13 x	0.9 x	1.1 x	0.97 x	0.87 x	0.76 x
Nbr of stocks (in thousands)	9,927	10,386	10,948	10,948	10,448	-	-
Reference price ²	30.75	22.90	22.40	25.90	27.40	27.40	27.40
Announcement Date	4/15/21	5/2/22	3/31/23	3/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	51.58	60.32	142.7	186.6	228.4	288.3	340.8
EBITDA ¹	-	12.27	21.84	50.01	62.2	87.97	112.5	134.1
EBIT ¹	-	10.6	19.75	46.76	57.65	72	95.57	117.6
Operating Margin	-	20.56%	32.74%	32.77%	30.89%	31.53%	33.15%	34.51%
Earnings before Tax (EBT) ¹	-	-4.838	-15.38	19.33	18.4	49.23	75.37	96.63
Net income ¹	-3.823	-6.729	-15.88	49.02	-3.344	9.767	20.93	29.1
Net margin	-	-13.05%	-26.33%	34.35%	-1.79%	4.28%	7.26%	8.54%
EPS ²	-	-0.8100	-1.520	4.480	-0.3100	0.9333	1.990	2.790
Free Cash Flow ¹	-	4.732	-7.378	33.66	32.39	33.93	50.5	66.7
FCF margin	-	9.17%	-12.23%	23.59%	17.35%	14.86%	17.52%	19.57%
FCF Conversion (EBITDA)	-	38.57%	-	67.32%	52.07%	38.58%	44.9%	49.75%
FCF Conversion (Net income)	-	-	-	68.68%	-	347.44%	241.24%	229.21%
Dividend per Share ²	-	-	-	-	0.2200	0.2720	0.3373	0.4111
Announcement Date	7/9/20	4/15/21	5/2/22	3/31/23	3/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	111	28.1	-	25.3	-	-
Net Cash position ¹	-	124	-	-	-	-	19.8	79.3
Leverage (Debt/EBITDA)	-	-	5.064 x	0.5616 x	-	0.287 x	-	-
Free Cash Flow ¹	-	4.73	-7.38	33.7	32.4	33.9	50.5	66.7
ROE (net income / shareholders' equity)	-	-	2.15%	3.23%	-	6.8%	9.95%	11.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	1.7%	2.8%	3.6%
Assets ¹	-	-	-	-	-	574.5	747.6	808.3
Book Value Per Share ²	-	-	20.30	24.90	23.60	28.30	31.60	36.00
Cash Flow per Share ²	-	-	-0.5900	3.190	3.180	3.530	4.990	6.060
Capex ¹	-	0.95	1.17	1.25	2.41	6.4	7.1	7
Capex / Sales	-	1.85%	1.94%	0.88%	1.29%	2.8%	2.46%	2.05%
Announcement Date	7/9/20	4/15/21	5/2/22	3/31/23	3/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

27.4 EUR

Average target price

56.5 EUR

Spread / Average Target

+106.20%

	1st Jan change	Capi.
BROCKHAUS TECHNOLOGIES AG	+4.63%	310M
INVESTOR AB	+22.72%	82.45B
KOÇ HOLDING	+63.12%	18.75B
INVESTMENT AB LATOUR	+11.40%	17.71B
AB INDUSTRIVÄRDEN	+12.74%	15.21B
L E LUNDBERGFÖRETAGEN AB	-2.32%	12.55B
HAL TRUST	+2.11%	11.37B
BAJAJ HOLDINGS & INVESTMENT LIMITED	+4.40%	10.59B
GROUPE BRUXELLES LAMBERT SA	-1.08%	9.83B
MERITZ FINANCIAL GROUP INC.	+30.12%	9.77B