Financials Glenveagh Properties PLC

Equities

Market Closed - Irish S.E. Other stock markets 11:55:00 2024-05-03 am EDT			5-day change	1st Jan Change
1.304 ^EUR	-0.15%		+2.84%	+6.89%

May. 02	Gleanveagh Properties confident as 2024 order book swells	AN
May. 02	Glenveagh Properties Affirms FY24 EPS Guidance	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	760.7	752	950.9	539.8	705.2	756	-	-
Enterprise Value (EV) ¹	707.6	715.9	874.3	548.9	705.2	817	755.4	712.4
P/E ratio	33.3 x	-53.9 x	27.6 x	11.1 x	15.3 x	7.48 x	7.01 x	6.39 x
Yield	-	-	-	-	-	9.97%	9.97%	-
Capitalization / Revenue	2.67 x	3.24 x	1.99 x	0.84 x	1.16 x	0.79 x	0.78 x	0.76 x
EV / Revenue	2.49 x	3.08 x	1.83 x	0.85 x	1.16 x	0.85 x	0.78 x	0.72 x
EV / EBITDA	22.2 x	-67 x	16.5 x	7.61 x	9.61 x	6.26 x	5.52 x	5.04 x
EV / FCF	-9.15 x	-74 x	9.87 x	4.52 x	-	19 x	6.25 x	-
FCF Yield	-10.9%	-1.35%	10.1%	22.1%	-	5.28%	16%	-
Price to Book	0.88 x	0.88 x	1.21 x	0.78 x	-	1.04 x	0.95 x	0.77 x
Nbr of stocks (in thousands)	871,334	871,334	771,821	638,102	578,019	579,777	-	-
Reference price ²	0.8730	0.8630	1.232	0.8460	1.220	1.304	1.304	1.304
Announcement Date	2/28/20	2/26/21	3/8/22	3/1/23	2/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	284.6	232.3	476.8	644.7	607.9	956.6	967.2	995.2
EBITDA ¹	31.87	-10.68	52.97	72.18	73.4	130.6	136.8	141.4
EBIT ¹	30.48	-12.71	50.57	70.1	70.95	129	134.2	139.9
Operating Margin	10.71%	-5.47%	10.61%	10.87%	11.67%	13.48%	13.88%	14.06%
Earnings before Tax (EBT) ¹	26.69	-15.75	45.72	63	55.11	118.1	126	137.7
Net income ¹	22.84	-13.9	37.7	52.57	47.11	101	107.8	118.4
Net margin	8.02%	-5.98%	7.91%	8.15%	7.75%	10.55%	11.14%	11.9%
EPS ²	0.0262	-0.0160	0.0446	0.0760	0.0800	0.1743	0.1861	0.2041
Free Cash Flow ¹	-77.35	-9.68	88.6	121.6	-	43.1	120.9	-
FCF margin	-27.18%	-4.17%	18.58%	18.86%	-	4.51%	12.5%	-
FCF Conversion (EBITDA)	-	-	167.26%	168.45%	-	33.01%	88.38%	-
FCF Conversion (Net income)	-	-	235.01%	231.28%	-	42.69%	112.2%	-
Dividend per Share ²	-	-	-	-	-	0.1300	0.1300	-
Announcement Date	2/28/20	2/26/21	3/8/22	3/1/23	2/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	9.1	-	61	-	-
Net Cash position ¹	53.1	36	76.6	-	-	-	0.6	43.6
Leverage (Debt/EBITDA)	-	-	-	0.126 x	-	0.4671 x	-	-
Free Cash Flow ¹	-77.4	-9.68	88.6	122	-	43.1	121	-
ROE (net income / shareholders' equity)	2.67%	-1.62%	4.6%	7.12%	-	13.7%	13.6%	11.7%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	0.9900	0.9800	1.020	1.090	-	1.260	1.370	1.700
Cash Flow per Share	-0.0800	-0.0100	0.1200	0.2000	-	-	-	-
Capex ¹	7.75	3.98	15.7	19.3	-	22	22	22
Capex / Sales	2.72%	1.71%	3.29%	2.99%	-	2.3%	2.27%	2.21%
Announcement Date	2/28/20	2/26/21	3/8/22	3/1/23	2/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.304 EUR

Average target price

1.503 EUR

Spread / Average Target

+15.29%

	1st Jan change	Capi.
GLENVEAGH PROPERTIES PLC	+6.89%	814M
HASEKO CORPORATION	+4.09%	3.4B
Y.H. DIMRI CONSTRUCTION & DEVELOPMENT LTD	+14.42%	1.5B
CURY CONSTRUTORA E INCORPORADORA S.A.	+14.56%	1.18B
AURA INVESTMENTS LTD.	+40.38%	1.09B
AFRICA ISRAEL RESIDENCES LTD	+20.78%	788M
KVUTZAT ACRO LTD	+4.41%	679M
KAUFMAN & BROAD SA	+3.32%	691M
ATAL S.A.	+8.21%	652M
ARCHICOM S.A.	+22.74%	495M