Financials Carthage Cement SA

Equities

CC

TN0007400013

Construction Materials

End-of-day quote Tunis 06:00:00 2024-02-22 pm EST 5-day change 1st Jan Change
1.93 TND -1.03% Intraday chart for Carthage Cement SA +1.58% -2.03%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 354.6 204.8 652.9 453.6 652.9 663.2 663.2 -
Enterprise Value (EV) 1 989.1 862.6 1,130 918 1,087 1,121 1,096 663.2
P/E ratio -4.67 x -3.99 x 33.9 x 14.4 x - 13.8 x 12.1 x 12.1 x
Yield - - - - - - - -
Capitalization / Revenue 1.49 x 0.82 x 2.58 x 1.39 x 1.78 x 1.6 x 1.42 x 1.34 x
EV / Revenue 4.15 x 3.46 x 4.47 x 2.82 x 2.96 x 2.7 x 2.35 x 1.34 x
EV / EBITDA 31 x 12.5 x 11.2 x 7.75 x 8.38 x 7.84 x 7.03 x -
EV / FCF 18.8 x 22 x 75 x 18.1 x 16.7 x 14.7 x 44.9 x -
FCF Yield 5.33% 4.54% 1.33% 5.54% 5.97% 6.82% 2.23% -
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 172,134 172,134 343,625 343,625 343,625 343,625 343,625 -
Reference price 2 2.060 1.190 1.900 1.320 1.900 1.930 1.930 1.930
Announcement Date 11/20/19 8/12/20 3/9/21 6/6/22 6/9/23 - - -
1TND in Million2TND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 238.2 249.6 253 326 367 415 467 495
EBITDA 1 31.92 68.94 100.7 118.5 129.6 143 156 -
EBIT 1 -13.3 23.11 59.6 71.21 81.78 89.7 97.9 -
Operating Margin -5.58% 9.26% 23.56% 21.84% 22.29% 21.61% 20.96% -
Earnings before Tax (EBT) - - - - - - - -
Net income 1 -75.99 -51.31 - 31.51 35.65 48 56.7 55.4
Net margin -31.9% -20.56% - 9.67% 9.71% 11.57% 12.14% 11.19%
EPS 2 -0.4414 -0.2981 0.0560 0.0917 - 0.1400 0.1600 0.1600
Free Cash Flow 1 52.75 39.16 15.06 50.84 64.9 76.5 24.4 -
FCF margin 22.14% 15.69% 5.95% 15.6% 17.68% 18.43% 5.22% -
FCF Conversion (EBITDA) 165.24% 56.8% 14.96% 42.89% 50.08% 53.5% 15.64% -
FCF Conversion (Net income) - - - 161.35% 182.04% 159.38% 43.03% -
Dividend per Share - - - - - - - -
Announcement Date 11/20/19 8/12/20 3/9/21 6/6/22 6/9/23 - - -
1TND in Million2TND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 635 658 477 464 434 458 433 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 19.88 x 9.542 x 4.736 x 3.919 x 3.346 x 3.203 x 2.776 x -
Free Cash Flow 1 52.8 39.2 15.1 50.8 64.9 76.5 24.4 -
ROE (net income / shareholders' equity) - - - 17.6% 19.2% 21.1% 20.3% 16.5%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex 1 7.89 1.56 4.81 6.17 20 10.4 14 -
Capex / Sales 3.31% 0.63% 1.9% 1.89% 5.46% 2.51% 3% -
Announcement Date 11/20/19 8/12/20 3/9/21 6/6/22 6/9/23 - - -
1TND in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
1.93 TND
Average target price
2.87 TND
Spread / Average Target
+48.70%
Consensus

Annual profits - Rate of surprise

+229% on MICROSOFT CORPORATION since our purchase on January 11, 2019
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