DE LA RUE PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 89.6 GBX | +2.99% |
|
+15.76% | +3.82% |
| Apr. 17 | De La Rue says yearly profit to be in line with expectations | AN |
| Apr. 03 | De La Rue renews contract with Microsoft for five years | AN |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 407.2 | 58.55 | 398.9 | 212.7 | 103.8 | 175.5 | - | - |
| Enterprise Value (EV) 1 | 514.7 | 161.4 | 451.2 | 284.1 | 186.9 | 270.9 | 270.1 | 259.2 |
| P/E ratio | 23.9 x | 1.72 x | 60.1 x | 10 x | -1.86 x | -37.3 x | 12.8 x | 10.5 x |
| Yield | 6.33% | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.79 x | 0.13 x | 1 x | 0.57 x | 0.3 x | 0.55 x | 0.5 x | 0.47 x |
| EV / Revenue | 1 x | 0.35 x | 1.14 x | 0.76 x | 0.53 x | 0.85 x | 0.76 x | 0.69 x |
| EV / EBITDA | 6.49 x | 3.7 x | 7.82 x | 5.26 x | 3.99 x | 6.35 x | 5.28 x | 4.66 x |
| EV / FCF | -16.1 x | -25.6 x | -15.5 x | -27.3 x | 104 x | 143 x | 20.2 x | 29.8 x |
| FCF Yield | -6.22% | -3.9% | -6.45% | -3.66% | 0.96% | 0.7% | 4.96% | 3.36% |
| Price to Book | -10.4 x | 0.75 x | 3.75 x | 1.5 x | 5.44 x | 42.7 x | 11.3 x | 5.86 x |
| Nbr of stocks (in thousands) | 103,086 | 103,997 | 195,053 | 195,156 | 195,436 | 195,889 | - | - |
| Reference price 2 | 3.950 | 0.5630 | 2.045 | 1.090 | 0.5310 | 0.8960 | 0.8960 | 0.8960 |
| Announcement Date | 5/30/19 | 6/17/20 | 5/26/21 | 5/25/22 | 6/29/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 516.6 | 466.8 | 397.4 | 375.1 | 349.7 | 318.9 | 354.2 | 373 |
| EBITDA 1 | 79.3 | 43.6 | 57.7 | 54 | 46.8 | 42.65 | 51.15 | 55.65 |
| EBIT 1 | 60.1 | 23.7 | 38.1 | 36.4 | 27.8 | 22.1 | 29.45 | 34.95 |
| Operating Margin | 11.63% | 5.08% | 9.59% | 9.7% | 7.95% | 6.93% | 8.31% | 9.37% |
| Earnings before Tax (EBT) 1 | 25.5 | 36.1 | 8.5 | 25.2 | -28.6 | -3.4 | 19.8 | 23.6 |
| Net income 1 | 17 | 34.1 | 5.9 | 21.5 | -55.9 | -4.7 | 14 | 17.1 |
| Net margin | 3.29% | 7.31% | 1.48% | 5.73% | -15.99% | -1.47% | 3.95% | 4.58% |
| EPS 2 | 0.1650 | 0.3270 | 0.0340 | 0.1090 | -0.2860 | -0.0240 | 0.0700 | 0.0850 |
| Free Cash Flow 1 | -32 | -6.3 | -29.1 | -10.4 | 1.8 | 1.9 | 13.4 | 8.7 |
| FCF margin | -6.19% | -1.35% | -7.32% | -2.77% | 0.51% | 0.6% | 3.78% | 2.33% |
| FCF Conversion (EBITDA) | - | - | - | - | 3.85% | 4.45% | 26.2% | 15.63% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 95.71% | 50.88% |
| Dividend per Share | 0.2500 | - | - | - | - | - | - | - |
| Announcement Date | 5/30/19 | 6/17/20 | 5/26/21 | 5/25/22 | 6/29/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 S1 | 2022 S2 | 2023 S1 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|
| Net sales 1 | - | - | - | 161.5 | 162.5 |
| EBITDA | - | - | - | - | - |
| EBIT 1 | 17.4 | 19 | - | - | 14.7 |
| Operating Margin | - | - | - | - | 9.05% |
| Earnings before Tax (EBT) | - | - | - | - | - |
| Net income | - | - | -24.4 | -12.2 | - |
| Net margin | - | - | - | -7.55% | - |
| EPS | - | - | -0.1260 | - | - |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | - | 5/25/22 | 11/23/22 | 12/19/23 | - |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 108 | 103 | 52.3 | 71.4 | 83.1 | 95.4 | 94.6 | 83.7 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.356 x | 2.358 x | 0.9064 x | 1.322 x | 1.776 x | 2.237 x | 1.848 x | 1.504 x |
| Free Cash Flow 1 | -32 | -6.3 | -29.1 | -10.4 | 1.8 | 1.9 | 13.4 | 8.7 |
| ROE (net income / shareholders' equity) | - | 175% | 29.4% | 18% | -3.6% | 42.4% | 87.9% | 55.4% |
| ROA (Net income/ Total Assets) | 12.5% | 8.71% | - | - | - | - | - | - |
| Assets 1 | 135.7 | 391.5 | - | - | - | - | - | - |
| Book Value Per Share 2 | -0.3800 | 0.7500 | 0.5500 | 0.7300 | 0.1000 | 0.0200 | 0.0800 | 0.1500 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 25.4 | 11.4 | 21.1 | 26.9 | 22 | 17.7 | 18.7 | 18.5 |
| Capex / Sales | 4.92% | 2.44% | 5.31% | 7.17% | 6.29% | 5.53% | 5.28% | 4.96% |
| Announcement Date | 5/30/19 | 6/17/20 | 5/26/21 | 5/25/22 | 6/29/23 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
0.896
GBP
Average target price
0.825
GBP
Spread / Average Target
-7.92%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +3.82% | 219M | |
| -7.57% | 7.27B | |
| +9.15% | 6.93B | |
| +11.28% | 2.37B | |
| -32.55% | 1.28B | |
| +180.00% | 1.21B | |
| -5.13% | 896M | |
| -18.44% | 861M | |
| -7.76% | 605M | |
| -10.09% | 510M |
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