Financials Ekopak NV

Equities

Market Closed - Euronext Bruxelles Other stock markets 11:35:29 2024-05-31 am EDT			5-day change	1st Jan Change
18.9 ^EUR	+0.53%		+1.34%	-1.31%

Mar. 25	Ekopak NV Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Ekopak NV Reports Earnings Results for the Half Year Ended June 30, 2023	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	266.3	256.5	283.9	280.2	-	-
Enterprise Value (EV) ¹	226.9	238.2	314.2	326.8	325.2	337.6
P/E ratio	-359 x	-133 x	-91.2 x	-164 x	84 x	46.1 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	23 x	14.5 x	7.88 x	3.86 x	2.5 x	2.49 x
EV / Revenue	19.6 x	13.4 x	8.72 x	4.5 x	2.9 x	3 x
EV / EBITDA	840 x	-522 x	88.5 x	38 x	18.2 x	13.6 x
EV / FCF	-21.3 x	-17.9 x	-26.9 x	-23.1 x	86.7 x	182 x
FCF Yield	-4.69%	-5.6%	-3.72%	-4.33%	1.15%	0.55%
Price to Book	4.54 x	4.53 x	-	5.41 x	5.09 x	4.57 x
Nbr of stocks (in thousands)	14,825	14,825	14,825	14,825	-	-
Reference price ²	17.96	17.30	19.15	18.90	18.90	18.90
Announcement Date	6/30/22	3/27/23	3/25/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	9.781	11.56	17.71	36.03	72.6	112.2	112.4
EBITDA ¹	-	0.27	-0.456	3.551	8.6	17.85	24.8
EBIT ¹	-	-0.611	-2.294	-3.401	1.25	8.1	12.7
Operating Margin	-	-5.29%	-12.95%	-9.44%	1.72%	7.22%	11.3%
Earnings before Tax (EBT) ¹	-	-0.748	-2.521	-3.997	-1.9	4.65	0.8
Net income ¹	-0.093	-0.7	-1.986	-3.076	-1.8	3.5	6.05
Net margin	-0.95%	-6.05%	-11.21%	-8.54%	-2.48%	3.12%	5.38%
EPS ²	-0.0100	-0.0500	-0.1300	-0.2100	-0.1150	0.2250	0.4100
Free Cash Flow ¹	-	-10.63	-13.34	-11.67	-14.15	3.75	1.85
FCF margin	-	-91.98%	-75.31%	-32.39%	-19.49%	3.34%	1.65%
FCF Conversion (EBITDA)	-	-	-	-	-	21.01%	7.46%
FCF Conversion (Net income)	-	-	-	-	-	107.14%	30.58%
Dividend per Share ²	-	-	-	-	-	-	-
Announcement Date	3/26/21	6/30/22	3/27/23	3/25/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	30.3	46.6	45	57.4
Net Cash position ¹	-	39.3	18.3	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	8.527 x	5.419 x	2.521 x	2.315 x
Free Cash Flow ¹	-	-10.6	-13.3	-11.7	-14.2	3.75	1.85
ROE (net income / shareholders' equity)	-	-2.2%	-	-5.58%	-	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	3.950	3.820	-	3.500	3.720	4.140
Cash Flow per Share ²	-	-0.0300	-0.2500	-	-0.2000	0.7200	0.5700
Capex ¹	-	10.2	9.46	12.2	18.8	13.9	6.05
Capex / Sales	-	88.4%	53.41%	33.99%	25.9%	12.35%	5.38%
Announcement Date	3/26/21	6/30/22	3/27/23	3/25/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

18.9 EUR

Average target price

27.5 EUR

Spread / Average Target

+45.50%

	1st Jan change	Capi.
EKOPAK NV	-1.31%	302M
ESSENTIAL UTILITIES, INC.	+1.02%	10B
COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO - SABESP	-2.00%	9.81B
SEVERN TRENT PLC	-7.48%	8.9B
CHENGDU XINGRONG ENVIRONMENT CO., LTD.	+29.88%	3.05B
BEIJING CAPITAL ECO-ENVIRONMENT PROTECTION GROUP CO., LTD.	+8.92%	3B
CALIFORNIA WATER SERVICE GROUP	-3.82%	2.81B
AMERICAN STATES WATER COMPANY	-8.49%	2.67B
PENNON GROUP PLC	-17.23%	2.21B
JIANGXI HONGCHENG ENVIRONMENT CO.,LTD.	+23.74%	1.95B