Financials NETGEM

Equities

Market Closed - Euronext Paris Other stock markets 10:36:18 2024-04-26 am EDT			5-day change	1st Jan Change
0.936 ^EUR	-1.47%		-1.06%	-6.40%

Jan. 31	Netgem: expected growth of around 10% in 2024	CF
2023	Netgem SA Reports Earnings Results for the Half Year Ended June 30, 2023	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	27.21	27.06	31.29	47.99	26.94	31.27	31.27	-
Enterprise Value (EV) ¹	23.71	20.06	29.49	43.99	23.64	33.41	27.57	22.57
P/E ratio	98 x	-4.81 x	4.1 x	-33.3 x	-	23.4 x	9.36 x	7.49 x
Yield	10.2%	10.4%	-	1.8%	5.42%	4.27%	5.34%	4.27%
Capitalization / Revenue	0.65 x	1.07 x	1.03 x	1.7 x	0.74 x	0.94 x	0.88 x	0.84 x
EV / Revenue	0.57 x	0.79 x	0.97 x	1.55 x	0.65 x	0.94 x	0.78 x	0.61 x
EV / EBITDA	8.78 x	28.7 x	32.8 x	10.2 x	3.46 x	4.28 x	3.17 x	2.44 x
EV / FCF	18.7 x	-79.9 x	-7.64 x	-299 x	30.2 x	13.6 x	9.85 x	3.73 x
FCF Yield	5.36%	-1.25%	-13.1%	-0.33%	3.32%	7.33%	10.2%	26.8%
Price to Book	1.16 x	1.91 x	1.3 x	2.13 x	1.15 x	1.12 x	1.08 x	1.02 x
Nbr of stocks (in thousands)	27,765	28,124	30,531	28,821	29,221	33,412	33,412	-
Reference price ²	0.9800	0.9620	1.025	1.665	0.9220	0.9360	0.9360	0.9360
Announcement Date	3/22/19	3/20/20	3/19/21	3/31/22	4/28/23	3/28/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	41.8	25.3	30.3	28.3	36.3	35.6	35.5	37.05
EBITDA ¹	2.7	0.7	0.9	4.3	6.825	7.8	8.7	9.25
EBIT ¹	2.3	-0.1	-6	-4.4	-2.122	0.4	3.9	5.15
Operating Margin	5.5%	-0.4%	-19.8%	-15.55%	-5.85%	1.12%	10.99%	13.9%
Earnings before Tax (EBT)	0.8	-	4.1	-	-	-	-	-
Net income ¹	0.2	-7	7.2	-1.3	0.108	0.5	3.3	4.3
Net margin	0.48%	-27.67%	23.76%	-4.59%	0.3%	1.4%	9.3%	11.61%
EPS ²	0.0100	-0.2000	0.2500	-0.0500	-	0.0400	0.1000	0.1250
Free Cash Flow ¹	1.27	-0.251	-3.861	-0.147	0.784	2	2.8	6.05
FCF margin	3.04%	-0.99%	-12.74%	-0.52%	2.16%	5.62%	7.89%	16.33%
FCF Conversion (EBITDA)	47.04%	-	-	-	11.49%	25.32%	32.18%	65.41%
FCF Conversion (Net income)	635%	-	-	-	725.93%	133.33%	84.85%	140.7%
Dividend per Share ²	0.1000	0.1000	-	0.0300	0.0500	0.0400	0.0500	0.0400
Announcement Date	3/22/19	3/20/20	3/19/21	3/31/22	4/28/23	3/28/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	3.5	7	1.8	4	3.3	4	3.7	8.7
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	1.27	-0.25	-3.86	-0.15	0.78	2	2.8	6.05
ROE (net income / shareholders' equity)	0.77%	-35.3%	36.1%	-5.38%	0.45%	6.9%	11.8%	14.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	0.8400	0.5000	0.7900	0.7800	0.8000	0.8400	0.8700	0.9200
Cash Flow per Share ²	0.0500	-	0.1500	0.2200	-	0.2300	0.2400	0.2500
Capex ¹	0.1	1.98	8.1	6.59	6.28	4.45	3.9	2.75
Capex / Sales	0.24%	7.82%	26.72%	23.28%	17.29%	12.5%	10.99%	7.42%
Announcement Date	3/22/19	3/20/20	3/19/21	3/31/22	4/28/23	3/28/24	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.936 EUR

Average target price

1.85 EUR

Spread / Average Target

+97.65%

	1st Jan change	Capi.
NETGEM	-6.40%	33.39M
MICROSOFT CORPORATION	+8.05%	3,020B
SYNOPSYS INC.	+5.58%	82.93B
CADENCE DESIGN SYSTEMS, INC.	+3.69%	76.85B
DASSAULT SYSTÈMES SE	-14.62%	53.04B
PALANTIR TECHNOLOGIES INC.	+31.16%	50.15B
ATLASSIAN CORPORATION	-24.56%	46.55B
THE TRADE DESK, INC.	+17.75%	41.41B
SEA LIMITED	+55.21%	35.63B
TAKE-TWO INTERACTIVE SOFTWARE, INC.	-10.24%	24.64B