CLOETTA AB |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16.72 SEK | +2.77% |
|
-2.05% | -8.73% |
| Apr. 26 | Transcript : Cloetta AB, Q1 2024 Earnings Call, Apr 26, 2024 | |
| Apr. 26 | Cloetta AB Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,149 | 7,077 | 7,562 | 5,987 | 5,229 | 4,771 | - | - |
| Enterprise Value (EV) 1 | 11,451 | 9,160 | 9,241 | 7,842 | 7,054 | 6,419 | 7,346 | 7,940 |
| P/E ratio | 18.2 x | 25 x | 16 x | 21.7 x | 12 x | 11 x | 10.6 x | 10.6 x |
| Yield | - | 3.06% | 3.82% | 4.79% | 5.46% | 5.98% | 5.98% | 5.98% |
| Capitalization / Revenue | 1.41 x | 1.24 x | 1.25 x | 0.87 x | 0.63 x | 0.55 x | 0.55 x | 0.54 x |
| EV / Revenue | 1.76 x | 1.61 x | 1.53 x | 1.14 x | 0.85 x | 0.74 x | 0.84 x | 0.9 x |
| EV / EBITDA | 10.9 x | 11.6 x | 11.1 x | 8.21 x | 6.41 x | 5.9 x | 6.56 x | 6.68 x |
| EV / FCF | 29.1 x | 25 x | 13.9 x | 25.7 x | 14.2 x | 12.1 x | -13.1 x | -34.7 x |
| FCF Yield | 3.44% | 4% | 7.19% | 3.89% | 7.03% | 8.29% | -7.65% | -2.88% |
| Price to Book | 2.19 x | 1.69 x | 1.67 x | 1.19 x | 1.02 x | 0.92 x | 0.89 x | 0.87 x |
| Nbr of stocks (in thousands) | 288,619 | 288,619 | 288,619 | 287,029 | 285,406 | 285,342 | - | - |
| Reference price 2 | 31.70 | 24.52 | 26.20 | 20.86 | 18.32 | 16.72 | 16.72 | 16.72 |
| Announcement Date | 1/29/20 | 1/28/21 | 1/28/22 | 1/27/23 | 1/26/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,493 | 5,695 | 6,046 | 6,869 | 8,301 | 8,639 | 8,725 | 8,795 |
| EBITDA 1 | 1,046 | 792 | 832 | 955 | 1,100 | 1,088 | 1,120 | 1,189 |
| EBIT 1 | 743 | 515 | 571 | 691 | 799 | 789 | 811 | 845 |
| Operating Margin | 11.44% | 9.04% | 9.44% | 10.06% | 9.63% | 9.13% | 9.3% | 9.61% |
| Earnings before Tax (EBT) 1 | 648 | 403 | 558 | 343 | 570 | 568.5 | 590.4 | 596.3 |
| Net income 1 | 498 | 281 | 472 | 275 | 437 | 437.7 | 454.6 | 453.2 |
| Net margin | 7.67% | 4.93% | 7.81% | 4% | 5.26% | 5.07% | 5.21% | 5.15% |
| EPS 2 | 1.740 | 0.9800 | 1.640 | 0.9600 | 1.530 | 1.517 | 1.575 | 1.570 |
| Free Cash Flow 1 | 394 | 366 | 664 | 305 | 496 | 532 | -562 | -229 |
| FCF margin | 6.07% | 6.43% | 10.98% | 4.44% | 5.98% | 6.16% | -6.44% | -2.6% |
| FCF Conversion (EBITDA) | 37.67% | 46.21% | 79.81% | 31.94% | 45.09% | 48.9% | - | - |
| FCF Conversion (Net income) | 79.12% | 130.25% | 140.68% | 110.91% | 113.5% | 121.54% | - | - |
| Dividend per Share 2 | - | 0.7500 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 |
| Announcement Date | 1/29/20 | 1/28/21 | 1/28/22 | 1/27/23 | 1/26/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,662 | 1,540 | 1,626 | 1,798 | 1,905 | 1,973 | 1,998 | 2,148 | 2,182 | 2,098 | 2,202 | 2,208 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 157 | 158 | 162 | 188 | 183 | 200 | 191 | 208 | 200 | 183 | 212 | 206 |
| Operating Margin | 9.45% | 10.26% | 9.96% | 10.46% | 9.61% | 10.14% | 9.56% | 9.68% | 9.17% | 8.72% | 9.63% | 9.33% |
| Earnings before Tax (EBT) 1 | 131 | 167 | -128 | 154 | 150 | 91 | 96 | 237 | 146 | 123 | 162 | 156 |
| Net income | - | 131 | -94 | 130 | 108 | - | 73 | - | 138 | - | - | - |
| Net margin | - | 8.51% | -5.78% | 7.23% | 5.67% | - | 3.65% | - | 6.32% | - | - | - |
| EPS 2 | 0.5100 | 0.4600 | -0.3300 | 0.4500 | 0.3800 | 0.2300 | 0.2600 | 0.5600 | 0.4800 | 0.3300 | 0.4300 | 0.4200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/28/22 | 4/26/22 | 7/15/22 | 10/27/22 | 1/27/23 | 4/26/23 | 7/14/23 | 10/27/23 | 1/26/24 | - | - | - |
1SEK in Million2SEK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,302 | 2,083 | 1,679 | 1,855 | 1,825 | 1,648 | 2,575 | 3,169 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.201 x | 2.63 x | 2.018 x | 1.942 x | 1.659 x | 1.515 x | 2.299 x | 2.665 x |
| Free Cash Flow 1 | 394 | 366 | 664 | 305 | 496 | 532 | -562 | -229 |
| ROE (net income / shareholders' equity) | 12.2% | 7.59% | 10.5% | 5.78% | 8.66% | 8.46% | 8.53% | 8.25% |
| ROA (Net income/ Total Assets) | 5.29% | 2.97% | 5.03% | 2.77% | 4.16% | 4.06% | 4.04% | 3.8% |
| Assets 1 | 9,414 | 9,461 | 9,389 | 9,932 | 10,500 | 10,792 | 11,242 | 11,923 |
| Book Value Per Share 2 | 14.50 | 14.50 | 15.70 | 17.50 | 17.90 | 18.20 | 18.80 | 19.30 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 186 | 290 | 230 | 296 | 280 | 216 | 1,318 | 1,020 |
| Capex / Sales | 2.86% | 5.09% | 3.8% | 4.31% | 3.37% | 2.5% | 15.11% | 11.6% |
| Announcement Date | 1/29/20 | 1/28/21 | 1/28/22 | 1/27/23 | 1/26/24 | - | - | - |
1SEK in Million2SEK
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
16.72
Average target price
-
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.73% | 435M | |
| +2.94% | 26.35B | |
| -2.96% | 8.24B | |
| -7.60% | 2.17B | |
| -0.90% | 1.46B | |
| -3.67% | 1.15B | |
| +52.46% | 687M | |
| -20.09% | 401M | |
| -8.11% | 206M | |
| -16.00% | 201M |
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- Financials Cloetta AB
