Financials Aubay

Equities

AUB

FR0000063737

IT Services & Consulting

Market Closed - Euronext Paris Other stock markets 11:35:04 2024-04-26 am EDT			5-day change	1st Jan Change
39.8 ^EUR	0.00%		+4.74%	-4.44%

Mar. 20	Aubay Société Anonyme Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Jan. 02	Aubay: reduction in share capital	CF

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	441.1	453.4	827.2	646.3	552	519.7	-	-
Enterprise Value (EV) ¹	429.5	408.7	766.9	562.9	459.1	414	392.1	376.5
P/E ratio	16.8 x	17.4 x	24.2 x	18.3 x	16.4 x	14.1 x	12.6 x	12.1 x
Yield	1.79%	1.92%	1.76%	2.46%	2.88%	3.14%	3.2%	3.02%
Capitalization / Revenue	1.06 x	1.06 x	1.76 x	1.26 x	1.03 x	0.95 x	0.91 x	0.88 x
EV / Revenue	1.03 x	0.96 x	1.63 x	1.1 x	0.86 x	0.76 x	0.69 x	0.64 x
EV / EBITDA	8.7 x	8.37 x	13.3 x	9.23 x	8.28 x	7.24 x	6.27 x	5.89 x
EV / FCF	13.6 x	8.84 x	17.1 x	17.9 x	11.5 x	11.1 x	9.6 x	9.59 x
FCF Yield	7.35%	11.3%	5.84%	5.6%	8.69%	9.03%	10.4%	10.4%
Price to Book	2.41 x	2.24 x	3.62 x	2.59 x	2.09 x	1.84 x	1.7 x	1.56 x
Nbr of stocks (in thousands)	13,186	13,200	13,214	13,258	13,254	13,059	-	-
Reference price ²	33.45	34.35	62.60	48.75	41.65	39.80	39.80	39.80
Announcement Date	3/25/20	3/24/21	3/23/22	3/22/23	3/20/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	417.8	426.4	470.6	513.5	534.1	546	568.5	588.9
EBITDA ¹	49.38	48.84	57.48	61.01	55.42	57.15	62.5	63.9
EBIT ¹	42.8	41.22	49.93	53.17	47.38	48.57	53.47	54.85
Operating Margin	10.25%	9.67%	10.61%	10.35%	8.87%	8.89%	9.41%	9.31%
Earnings before Tax (EBT)	39.54	38.22	47.4	52.49	48.43	-	-	-
Net income ¹	26.41	26.13	34.41	35.63	33.41	36.27	40.43	41.9
Net margin	6.32%	6.13%	7.31%	6.94%	6.25%	6.64%	7.11%	7.11%
EPS ²	1.990	1.970	2.590	2.670	2.540	2.825	3.170	3.290
Free Cash Flow ¹	31.58	46.22	44.77	31.5	39.89	37.4	40.83	39.25
FCF margin	7.56%	10.84%	9.51%	6.13%	7.47%	6.85%	7.18%	6.66%
FCF Conversion (EBITDA)	63.95%	94.63%	77.88%	51.62%	71.98%	65.44%	65.33%	61.42%
FCF Conversion (Net income)	119.57%	176.87%	130.12%	88.4%	119.41%	103.12%	100.99%	93.68%
Dividend per Share ²	0.6000	0.6600	1.100	1.200	1.200	1.250	1.275	1.200
Announcement Date	3/25/20	3/24/21	3/23/22	3/22/23	3/20/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2020 S1	2024 Q1
Net sales ¹	214.8	141.3
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income	-	-
Net margin	-	-
EPS	-	-
Dividend per Share	-	-
Announcement Date	9/16/20	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	11.6	44.7	60.3	83.4	93	106	128	143
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	31.6	46.2	44.8	31.5	39.9	37.4	40.8	39.3
ROE (net income / shareholders' equity)	15.1%	13.5%	15.9%	14.8%	13%	13.1%	13.5%	12.9%
ROA (Net income/ Total Assets)	-	-	8.62%	8.33%	7.4%	7.7%	8.3%	-
Assets ¹	-	-	399	427.8	451.7	471	487.1	-
Book Value Per Share ²	13.90	15.30	17.30	18.80	19.90	21.60	23.50	25.60
Cash Flow per Share ²	2.480	2.840	3.390	3.130	3.320	2.980	3.210	3.420
Capex ¹	4.02	1.02	1.03	2.38	1.81	2.43	2.27	2.8
Capex / Sales	0.96%	0.24%	0.22%	0.46%	0.34%	0.45%	0.4%	0.48%
Announcement Date	3/25/20	3/24/21	3/23/22	3/22/23	3/20/24	-	-	-

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

Ratings for Aubay

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

39.8 EUR

Average target price

49.43 EUR

Spread / Average Target

+24.20%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other IT Services & Consulting

	1st Jan change	Capi.
AUBAY	-4.44%	555M
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IBM	+2.19%	153B
AUTOMATIC DATA PROCESSING, INC.	+4.34%	99.85B
RELX PLC	+7.04%	77.56B
CROWDSTRIKE HOLDINGS, INC.	+19.09%	73.55B
INFOSYS LIMITED	-7.30%	71B
SNOWFLAKE INC.	-20.54%	52.81B
HCL TECHNOLOGIES LIMITED	+0.53%	47.86B

Other IT Services & Consulting