Financials Armax Gaz SA

Equities

ARAX

ROARAXACNOR4

Oil Related Services and Equipment

End-of-day quote Bucharest S.E. 06:00:00 2024-06-11 pm EDT 5-day change 1st Jan Change
2.1 RON +0.96% Intraday chart for Armax Gaz SA +0.96% +17.98%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 15.81 15.81 15.81 16.57 16.57 10.93
Enterprise Value (EV) 1 30.55 22 19.55 18.11 17.14 10.28
P/E ratio - - -3.22 x -2.99 x 24.1 x 8.37 x
Yield - - - - - -
Capitalization / Revenue 2.1 x 1.17 x 0.74 x 1.45 x 0.51 x 0.35 x
EV / Revenue 4.06 x 1.63 x 0.92 x 1.58 x 0.53 x 0.33 x
EV / EBITDA 6.25 x 7.07 x -5.97 x -4.47 x 8.27 x 3.74 x
EV / FCF -5.97 x - 5.78 x 4.05 x 20.9 x -
FCF Yield -16.8% - 17.3% 24.7% 4.79% -
Price to Book - - 1.56 x 3.25 x 2.86 x 1.54 x
Nbr of stocks (in thousands) 5,859 5,859 5,859 6,142 6,142 6,142
Reference price 2 2.698 2.698 2.698 2.698 2.698 1.780
Announcement Date 6/21/19 5/28/20 5/11/21 4/29/22 4/28/23 4/30/24
1RON in Million2RON
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 7.531 13.52 21.35 11.44 32.4 31.61
EBITDA 1 4.89 3.114 -3.277 -4.048 2.073 2.751
EBIT 1 1.508 -0.2688 -4.905 -5.432 0.746 1.424
Operating Margin 20.02% -1.99% -22.98% -47.5% 2.3% 4.5%
Earnings before Tax (EBT) 1 1.441 2.899 -5.145 -5.547 0.6868 1.306
Net income 1 1.441 2.899 -5.145 -5.547 0.6868 1.306
Net margin 19.14% 21.45% -24.1% -48.51% 2.12% 4.13%
EPS - - -0.8378 -0.9031 0.1118 0.2127
Free Cash Flow 1 -5.121 - 3.382 4.468 0.8203 -
FCF margin -68% - 15.85% 39.07% 2.53% -
FCF Conversion (EBITDA) - - - - 39.57% -
FCF Conversion (Net income) - - - - 119.45% -
Dividend per Share - - - - - -
Announcement Date 6/21/19 5/28/20 5/11/21 4/29/22 4/28/23 4/30/24
1RON in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 14.7 6.19 3.74 1.54 0.57 -
Net Cash position 1 - - - - - 0.65
Leverage (Debt/EBITDA) 3.015 x 1.988 x -1.142 x -0.3803 x 0.2756 x -
Free Cash Flow 1 -5.12 - 3.38 4.47 0.82 -
ROE (net income / shareholders' equity) 12.2% 19.5% -37% -70.4% 12.6% 20.3%
ROA (Net income/ Total Assets) 1.64% -0.38% -9.48% -12.9% 1.47% 2.06%
Assets 1 87.84 -757.5 54.29 42.99 46.76 63.55
Book Value Per Share - - 1.730 0.8300 0.9400 1.160
Cash Flow per Share - - 0.1300 0.0400 0.0700 0.1100
Capex 1 0.01 - 0.01 0.12 1.19 -
Capex / Sales 0.15% - 0.04% 1.09% 3.68% -
Announcement Date 6/21/19 5/28/20 5/11/21 4/29/22 4/28/23 4/30/24
1RON in Million
Estimates
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