AEROPORTO GUGLIELMO MARCONI DI BOLOGNA S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.86 EUR | +0.26% |
|
-0.25% | -5.07% |
| Apr. 09 | Futures down; major order for Fincantieri | AN |
| Apr. 08 | Indices up; Interpump tops on Mib. | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 437.8 | 306.3 | 317.9 | 281.8 | 299.1 | 283.9 | - | - |
| Enterprise Value (EV) 1 | 427.3 | 336.7 | 361.1 | 274.8 | 290.7 | 297.3 | 318.6 | 329.7 |
| P/E ratio | 21.3 x | -22.3 x | -46.3 x | 8.97 x | 18 x | 14.6 x | 14.9 x | 13.4 x |
| Yield | - | - | - | - | - | 3.94% | 3.82% | 4.2% |
| Capitalization / Revenue | 3.5 x | 4.54 x | 5.44 x | 2.09 x | 2.06 x | 1.78 x | 1.86 x | 1.6 x |
| EV / Revenue | 3.42 x | 4.99 x | 6.17 x | 2.04 x | 2 x | 1.86 x | 2.08 x | 1.86 x |
| EV / EBITDA | 9.51 x | -85.9 x | 102 x | 8.35 x | 6.83 x | 6.29 x | 6.71 x | 6.14 x |
| EV / FCF | 24 x | -7.91 x | -29.6 x | 5.33 x | - | -24.4 x | -31.2 x | -1,648 x |
| FCF Yield | 4.17% | -12.6% | -3.38% | 18.8% | - | -4.1% | -3.2% | -0.06% |
| Price to Book | 2.52 x | 1.84 x | - | 1.49 x | - | 1.31 x | 1.27 x | 1.21 x |
| Nbr of stocks (in thousands) | 36,126 | 36,126 | 36,126 | 36,126 | 36,126 | 36,126 | - | - |
| Reference price 2 | 12.12 | 8.480 | 8.800 | 7.800 | 8.280 | 7.860 | 7.860 | 7.860 |
| Announcement Date | 3/30/20 | 3/15/21 | 3/14/22 | 3/14/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 125.1 | 67.49 | 58.49 | 134.6 | 145.1 | 159.8 | 152.9 | 177.7 |
| EBITDA 1 | 44.94 | -3.922 | 3.529 | 32.9 | 42.56 | 47.27 | 47.46 | 53.67 |
| EBIT 1 | 31.07 | -17.39 | -8.369 | 35.96 | 25.78 | 29.93 | 30.19 | 34.04 |
| Operating Margin | 24.83% | -25.77% | -14.31% | 26.73% | 17.77% | 18.73% | 19.74% | 19.16% |
| Earnings before Tax (EBT) 1 | 30.09 | -18.41 | -8.949 | 35.92 | 23.42 | 27.85 | 27.13 | 30.25 |
| Net income 1 | 20.85 | -13.59 | -6.717 | 31.11 | 16.71 | 19.49 | 18.99 | 21.18 |
| Net margin | 16.66% | -20.14% | -11.48% | 23.12% | 11.52% | 12.2% | 12.42% | 11.92% |
| EPS 2 | 0.5700 | -0.3800 | -0.1900 | 0.8700 | 0.4600 | 0.5400 | 0.5260 | 0.5870 |
| Free Cash Flow 1 | 17.82 | -42.55 | -12.21 | 51.56 | - | -12.2 | -10.2 | -0.2 |
| FCF margin | 14.24% | -63.05% | -20.87% | 38.32% | - | -7.63% | -6.67% | -0.11% |
| FCF Conversion (EBITDA) | 39.66% | - | - | 156.73% | - | - | - | - |
| FCF Conversion (Net income) | 85.46% | - | - | 165.74% | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | 0.3100 | 0.3000 | 0.3300 |
| Announcement Date | 3/30/20 | 3/15/21 | 3/14/22 | 3/14/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 33.5 | 17.88 | 20.64 | 19.98 | 37.78 | 29.62 | 67.41 | 35.63 | 31.51 | 27.94 | 39 | 66.94 | 40.35 |
| EBITDA 1 | -1.275 | -7.013 | 6.479 | 4.063 | 23.3 | 10.09 | 33.39 | 13.31 | 7.745 | 5.902 | 12.43 | 18.08 | 9.464 |
| EBIT 1 | -6.61 | -12.3 | 2.973 | 0.961 | 20.28 | 6.502 | 26.78 | 9.962 | -0.779 | 2.226 | 8.476 | 10.7 | 3.48 |
| Operating Margin | -19.73% | -68.83% | 14.41% | 4.81% | 53.66% | 21.95% | 39.73% | 27.96% | -2.47% | 7.97% | 21.73% | 15.99% | 8.62% |
| Earnings before Tax (EBT) 1 | -6.797 | -12.74 | 2.718 | 1.069 | - | 6.611 | 26.96 | 10.12 | -1.169 | 1.651 | 7.921 | 9.572 | 2.918 |
| Net income 1 | - | - | - | 0.843 | - | - | - | - | -1.487 | - | - | - | 2.047 |
| Net margin | - | - | - | 4.22% | - | - | - | - | -4.72% | - | - | - | 5.07% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 9/7/20 | 9/6/21 | 11/12/21 | 3/14/22 | 5/13/22 | 9/5/22 | 9/5/22 | 11/14/22 | 3/14/23 | 5/18/23 | 9/6/23 | 9/6/23 | 3/14/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 30.4 | 43.2 | - | - | 13.4 | 34.7 | 45.8 |
| Net Cash position 1 | 10.5 | - | - | 7.01 | 8.38 | - | - | - |
| Leverage (Debt/EBITDA) | - | -7.748 x | 12.25 x | - | - | 0.2824 x | 0.7307 x | 0.8524 x |
| Free Cash Flow 1 | 17.8 | -42.6 | -12.2 | 51.6 | - | -12.2 | -10.2 | -0.2 |
| ROE (net income / shareholders' equity) | 10.4% | -7.93% | - | 17.9% | - | 9.2% | 8.6% | 9.2% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 4.810 | 4.600 | - | 5.240 | - | 6.000 | 6.200 | 6.500 |
| Cash Flow per Share | 0.9700 | -0.3900 | 0.1000 | - | - | - | - | - |
| Capex 1 | 17.2 | - | 8.9 | 18.4 | - | 39.8 | 29.7 | 39.7 |
| Capex / Sales | 13.72% | - | 15.21% | 13.65% | - | 24.91% | 19.42% | 22.34% |
| Announcement Date | 3/30/20 | 3/15/21 | 3/14/22 | 3/14/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
7.86
EUR
Average target price
8.2
EUR
Spread / Average Target
+4.33%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -5.07% | 303M | |
| +7.11% | 24.69B | |
| +3.02% | 5.37B | |
| -13.29% | 4.68B | |
| -1.77% | 4.48B | |
| +5.47% | 4.26B | |
| +8.18% | 3.46B | |
| -9.81% | 3.31B | |
| 0.00% | 2.67B | |
| +13.27% | 2.25B |
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