Financials MGI Digital Technology

Equities

Market Closed - Euronext Paris Other stock markets 11:29:49 2024-05-21 am EDT			5-day change	1st Jan Change
22.55 ^EUR	-0.22%		+3.44%	+38.34%

Apr. 04	MGI Digital Technology Société Anonyme Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	MGI Digital Technology Société Anonyme Reports Earnings Results for the Half Year Ended June 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	336.7	293.4	227.5	175.5	100.7	138.7	-	-
Enterprise Value (EV) ¹	309.3	268.6	201.8	149.8	100.7	118	116.9	113.3
P/E ratio	23.5 x	53.7 x	41.3 x	24.1 x	12.3 x	16.2 x	12.4 x	12.7 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	4.95 x	8.34 x	5.86 x	3.77 x	2.1 x	2.51 x	2.05 x	1.83 x
EV / Revenue	4.55 x	7.64 x	5.2 x	3.21 x	2.1 x	2.13 x	1.73 x	1.49 x
EV / EBITDA	13.3 x	31.1 x	-	-	8.15 x	8.62 x	6.55 x	6.33 x
EV / FCF	14.3 x	-190 x	-	-	-	65.6 x	102 x	25.2 x
FCF Yield	6.99%	-0.53%	-	-	-	1.52%	0.98%	3.97%
Price to Book	3.28 x	2.74 x	-	-	-	1.03 x	0.95 x	0.9 x
Nbr of stocks (in thousands)	6,167	6,145	6,183	6,168	6,177	6,153	-	-
Reference price ²	54.60	47.75	36.80	28.45	16.30	22.55	22.55	22.55
Announcement Date	4/6/20	4/30/21	4/1/22	4/3/23	4/4/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	68	35.17	38.81	46.61	47.98	55.35	67.7	75.9
EBITDA ¹	23.3	8.622	-	-	12.36	13.7	17.85	17.9
EBIT ¹	20	6.595	8.032	8.371	7.449	8.85	12.05	10.9
Operating Margin	29.41%	18.75%	20.7%	17.96%	15.52%	15.99%	17.8%	14.36%
Earnings before Tax (EBT) ¹	20	6.595	-	-	7.428	10.3	14.8	-
Net income ¹	14	5.447	5.479	7.287	8.191	8.55	11.15	10.9
Net margin	20.59%	15.49%	14.12%	15.63%	17.07%	15.45%	16.47%	14.36%
EPS ²	2.320	0.8900	0.8900	1.180	1.330	1.395	1.820	1.780
Free Cash Flow ¹	21.63	-1.41	-	-	-	1.8	1.15	4.5
FCF margin	31.81%	-4.01%	-	-	-	3.25%	1.7%	5.93%
FCF Conversion (EBITDA)	92.83%	-	-	-	-	13.14%	6.44%	25.14%
FCF Conversion (Net income)	154.5%	-	-	-	-	21.05%	10.31%	41.28%
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	4/6/20	4/30/21	4/1/22	4/3/23	4/4/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	27.4	24.9	25.7	25.7	-	20.7	21.9	25.4
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	21.6	-1.41	-	-	-	1.8	1.15	4.5
ROE (net income / shareholders' equity)	14.9%	5.18%	4.99%	6.28%	-	6.3%	7.6%	7%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	16.70	17.40	-	-	-	22.00	23.80	25.00
Cash Flow per Share ²	2.500	1.620	0.5500	1.440	-	2.180	2.760	2.900
Capex ¹	-	6.97	-	-	-	8.85	9.35	9.8
Capex / Sales	-	19.83%	-	-	-	15.99%	13.81%	12.91%
Announcement Date	4/6/20	4/30/21	4/1/22	4/3/23	4/4/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

22.55 EUR

Average target price

20 EUR

Spread / Average Target

-11.31%

	1st Jan change	Capi.
MGI DIGITAL TECHNOLOGY	+38.34%	151M
NORDSON CORPORATION	-7.96%	15.35B
HAITIAN INTERNATIONAL HOLDINGS LIMITED	+32.25%	5.31B
VALMET OYJ	-2.34%	5.21B
SUZHOU MAXWELL TECHNOLOGIES CO., LTD.	+2.43%	5.18B
WUXI LEAD INTELLIGENT EQUIPMENT CO.,LTD.	-20.43%	4.46B
KRONES AG	+12.70%	4.39B
TOMRA SYSTEMS ASA	+10.41%	3.98B
IHI CORPORATION	+42.23%	3.87B
KADANT INC.	+1.67%	3.37B