Financials Institut IGH d.d.

Equities

IGH

HRIGH0RA0006

Construction & Engineering

End-of-day quote Zagreb S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
13.6 EUR +7.09% Intraday chart for Institut IGH d.d. +7.09% +30.77%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 16.8 11.94 8.866 11.61 8.543 6.966
Enterprise Value (EV) 2 413.9 388.3 379.8 395.3 194.3 163.7
P/E ratio -1.32 x -2.86 x 0.53 x -22.8 x -0.15 x 0.46 x
Yield - - - - - -
Capitalization / Revenue 0.08 x 0.06 x 0.05 x 0.07 x 0.05 x 0.05 x
EV / Revenue 1.9 x 2.09 x 2.07 x 2.38 x 1.14 x 1.09 x
EV / EBITDA 33.2 x 19.7 x 13.5 x 109 x 36.6 x -279 x
EV / FCF 471 x 19.4 x 12.2 x 57.1 x 1.46 x 6.58 x
FCF Yield 0.21% 5.16% 8.17% 1.75% 68.5% 15.2%
Price to Book -0.34 x -0.21 x -0.22 x -0.28 x -0.09 x -0.07 x
Nbr of stocks (in thousands) 613 610 600 600 600 600
Reference price 3 27.40 19.57 14.77 19.34 14.23 11.60
Announcement Date 4/30/18 6/11/19 8/31/20 5/27/21 7/29/22 10/11/23
1EUR in Million2HRK in Million3EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 218.3 185.9 183.4 166 169.8 150.6
EBITDA 1 12.46 19.68 28.19 3.619 5.304 -0.587
EBIT 1 3.452 10.11 19.14 -5.276 -0.531 -6.432
Operating Margin 1.58% 5.44% 10.44% -3.18% -0.31% -4.27%
Earnings before Tax (EBT) 1 -12.8 -4.656 10.92 -0.952 -67.18 14.03
Net income 1 -12.59 -4.161 16.64 -0.509 -56.76 15.13
Net margin -5.77% -2.24% 9.07% -0.31% -33.42% 10.05%
EPS 2 -20.77 -6.844 27.87 -0.8478 -94.02 25.07
Free Cash Flow 1 0.8785 20.04 31.02 6.926 133.2 24.88
FCF margin 0.4% 10.78% 16.92% 4.17% 78.42% 16.52%
FCF Conversion (EBITDA) 7.05% 101.78% 110.04% 191.38% 2,510.84% -
FCF Conversion (Net income) - - 186.41% - - 164.39%
Dividend per Share - - - - - -
Announcement Date 4/30/18 6/11/19 8/31/20 5/27/21 7/29/22 10/11/23
1HRK in Million2HRK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 397 376 371 384 186 157
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 31.87 x 19.12 x 13.16 x 106 x 35.02 x -267.1 x
Free Cash Flow 1 0.88 20 31 6.93 133 24.9
ROE (net income / shareholders' equity) 34.2% 7.7% -33.4% 1.13% 81.4% -15.4%
ROA (Net income/ Total Assets) 0.39% 1.26% 2.53% -0.73% -0.11% -2.23%
Assets 1 -3,199 -330.1 658.6 69.77 53,902 -677.9
Book Value Per Share 2 -81.50 -94.60 -68.50 -69.90 -163.0 -164.0
Cash Flow per Share 2 14.60 11.50 19.90 14.30 10.90 6.420
Capex 1 4.87 2.94 3.08 - 5.67 2.31
Capex / Sales 2.23% 1.58% 1.68% - 3.34% 1.53%
Announcement Date 4/30/18 6/11/19 8/31/20 5/27/21 7/29/22 10/11/23
1HRK in Million2HRK
Estimates
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