Financials Aquis Exchange PLC

Equities

Market Closed - London S.E. Other stock markets 11:35:04 2024-04-26 am EDT			5-day change	1st Jan Change
465 ^GBX	-0.85%		+9.67%	+27.40%

Apr. 24	EDX Medical to begin trading on Apex segment of AQSE next week	AN
Apr. 23	Marula reaches "significant milestone" for Tanzanian graphite projects	AN

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	158.2	109.1	127.7	173.3	103.5	122.9	122.9	-
Enterprise Value (EV) ¹	146.6	98.14	115.4	159.2	89.3	84.61	106.6	101.4
P/E ratio	-	-	-	42 x	23.8 x	19.2 x	20.8 x	20.7 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	39.7 x	15.8 x	11.1 x	10.1 x	5.19 x	4.19 x	4.73 x	4.24 x
EV / Revenue	36.8 x	14.2 x	10.1 x	9.27 x	4.48 x	3.57 x	4.1 x	3.5 x
EV / EBITDA	-47.6 x	-491 x	77 x	37.2 x	15.4 x	13.5 x	14.1 x	11.7 x
EV / FCF	-	-	50.5 x	56.6 x	27.5 x	22.9 x	18.4 x	19.9 x
FCF Yield	-	-	1.98%	1.77%	3.63%	4.36%	5.44%	5.03%
Price to Book	-	-	-	-	-	3.54 x	3.73 x	3.27 x
Nbr of stocks (in thousands)	27,641	27,150	27,170	27,505	27,230	26,433	26,433	-
Reference price ²	5.725	4.020	4.700	6.300	3.800	4.650	4.650	4.650
Announcement Date	3/20/19	4/16/20	3/31/21	3/29/22	3/30/23	3/21/24	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	3.982	6.892	11.48	17.18	19.93	23.71	26	28.97
EBITDA ¹	-3.083	-0.2	1.5	4.28	5.81	6.27	7.55	8.65
EBIT ¹	-	-	-	3.248	4.551	4.898	6.926	8.006
Operating Margin	-	-	-	18.9%	22.83%	20.66%	26.63%	27.64%
Earnings before Tax (EBT) ¹	-	-	-	3.222	4.526	5.195	6.28	7.327
Net income ¹	-	-	-	4.311	4.684	5.203	6.3	6.35
Net margin	-	-	-	25.09%	23.5%	21.94%	24.23%	21.92%
EPS ²	-	-	-	0.1500	0.1600	0.1900	0.2240	0.2250
Free Cash Flow ¹	-	-	2.287	2.812	3.245	3.692	5.8	5.1
FCF margin	-	-	19.92%	16.36%	16.28%	15.57%	22.3%	17.6%
FCF Conversion (EBITDA)	-	-	152.45%	65.69%	55.86%	58.89%	76.82%	58.96%
FCF Conversion (Net income)	-	-	-	65.23%	69.29%	70.97%	92.06%	80.31%
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	3/20/19	4/16/20	3/31/21	3/29/22	3/30/23	3/21/24	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	11.6	11	12.3	14	14.2	14.8	16.3	21.6
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	2.29	2.81	3.25	3.69	5.8	5.1
ROE (net income / shareholders' equity)	-	-	-	18.6%	21.8%	20.1%	19.2%	16.2%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	-	-	-	1.030	1.250	1.420
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	0.42	-	-	0.32	-	0.41	2	1.9
Capex / Sales	10.6%	-	-	1.86%	-	1.73%	7.69%	6.56%
Announcement Date	3/20/19	4/16/20	3/31/21	3/29/22	3/30/23	3/21/24	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.65 GBP

Average target price

8.423 GBP

Spread / Average Target

+81.15%

	1st Jan change	Capi.
AQUIS EXCHANGE PLC	+27.40%	153M
CME GROUP INC.	+0.16%	75.94B
TRADEWEB MARKETS INC.	+12.06%	21.7B
JAPAN EXCHANGE GROUP, INC.	+27.19%	12.54B
SAUDI TADAWUL GROUP HOLDING COMPANY	+39.83%	8.36B
BSE LIMITED	+44.53%	5.21B
DUBAI FINANCIAL MARKET	-2.16%	2.96B
MULTI COMMODITY EXCHANGE OF INDIA LIMITED	+30.25%	2.55B
INDIAN ENERGY EXCHANGE LIMITED	-5.45%	1.69B
BOURSA KUWAIT SECURITIES COMPANY K.P.S.C.	+15.14%	1.29B