Financials Fintel Energija a.d.

Equities

FINT

RSFINEE60549

Electric Utilities

End-of-day quote Belgrade S.E. 06:00:00 2024-06-02 pm EDT 5-day change 1st Jan Change
653 RSD -1.06% Intraday chart for Fintel Energija a.d. -1.06% -0.31%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 13,653 16,437 16,569 16,967 17,232 17,364
Enterprise Value (EV) 1 23,930 29,047 28,609 28,023 27,917 26,178
P/E ratio 495 x 301 x -718 x 36.7 x 48.5 x 43.5 x
Yield - - - - - -
Capitalization / Revenue 30.3 x 18.7 x 9.25 x 6.84 x 7.93 x 6.4 x
EV / Revenue 53.1 x 33 x 16 x 11.3 x 12.9 x 9.64 x
EV / EBITDA 81.1 x 41 x 22.1 x 14.5 x 17.8 x 12.5 x
EV / FCF -3.15 x -12.2 x 43 x 69.2 x 304 x 21.9 x
FCF Yield -31.7% -8.19% 2.33% 1.45% 0.33% 4.57%
Price to Book 24.9 x 32.6 x 37.3 x 16.7 x 13.3 x 8.58 x
Nbr of stocks (in thousands) 26,511 26,511 26,511 26,511 26,511 26,511
Reference price 2 515.0 620.0 625.0 640.0 650.0 655.0
Announcement Date 4/25/19 6/15/20 5/5/21 5/4/22 5/3/23 4/30/24
1RSD in Million2RSD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 450.3 881 1,791 2,481 2,172 2,715
EBITDA 1 294.9 709.1 1,297 1,927 1,564 2,088
EBIT 1 156.1 430.6 707.8 1,334 952.8 1,472
Operating Margin 34.67% 48.88% 39.51% 53.79% 43.86% 54.23%
Earnings before Tax (EBT) 1 135.7 177.5 37.18 1,068 844.1 954.1
Net income 1 27.59 54.58 -23.06 462.6 354.9 399.2
Net margin 6.13% 6.2% -1.29% 18.65% 16.34% 14.7%
EPS 2 1.041 2.059 -0.8700 17.45 13.39 15.06
Free Cash Flow 1 -7,596 -2,379 665.6 405 91.97 1,196
FCF margin -1,686.91% -270.05% 37.16% 16.32% 4.23% 44.07%
FCF Conversion (EBITDA) - - 51.34% 21.01% 5.88% 57.32%
FCF Conversion (Net income) - - - 87.54% 25.91% 299.73%
Dividend per Share - - - - - -
Announcement Date 4/25/19 6/15/20 5/5/21 5/4/22 5/3/23 4/30/24
1RSD in Million2RSD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 10,277 12,611 12,040 11,056 10,685 8,814
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 34.85 x 17.78 x 9.286 x 5.736 x 6.832 x 4.222 x
Free Cash Flow 1 -7,596 -2,379 666 405 92 1,196
ROE (net income / shareholders' equity) 32% 29.3% 5.39% 98.9% 40.7% 31.3%
ROA (Net income/ Total Assets) 1.25% 2.05% 3.21% 6.04% 4.23% 6.62%
Assets 1 2,208 2,662 -718.9 7,660 8,395 6,033
Book Value Per Share 2 20.70 19.00 16.70 38.30 48.90 76.40
Cash Flow per Share 2 20.30 10.50 11.70 19.80 7.660 24.60
Capex 1 8,154 2,190 83.3 560 570 285
Capex / Sales 1,810.74% 248.6% 4.65% 22.58% 26.22% 10.51%
Announcement Date 4/25/19 6/15/20 5/5/21 5/4/22 5/3/23 4/30/24
1RSD in Million2RSD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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