Financials Conduit Holdings Limited

Equities

CRE

BMG243851091

Reinsurance

Market Closed - London S.E. Other stock markets 11:35:19 2024-04-29 am EDT			5-day change	1st Jan Change
502 ^GBX	+1.41%		+0.50%	+7.04%

Mar. 28	Conduit Holdings CEO Trevor Carvey buys GBP95,000 in shares	AN
Mar. 27	Prudential Chair Shriti Vadera buys 50,000 shares	AN

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	966.7	829	943.6	989	-	-
Enterprise Value (EV) ¹	966.7	829	943.6	989	989	989
P/E ratio	-23.4 x	-9.41 x	5.02 x	5.55 x	4.94 x	4.6 x
Yield	6.15%	6.95%	6.03%	5.78%	5.84%	6.54%
Capitalization / Revenue	4.98 x	1.72 x	1.7 x	1.39 x	1.19 x	1.07 x
EV / Revenue	4.98 x	1.72 x	1.7 x	1.39 x	1.19 x	1.07 x
EV / EBITDA	-	-	-	-	-	-
EV / FCF	-24.7 x	4.08 x	3.06 x	10.8 x	7.15 x	-
FCF Yield	-4.04%	24.5%	32.7%	9.29%	14%	-
Price to Book	0.99 x	1.02 x	0.96 x	0.9 x	0.8 x	0.71 x
Nbr of stocks (in thousands)	165,207	160,141	158,056	156,978	-	-
Reference price ²	5.851	5.177	5.970	6.300	6.300	6.300
Announcement Date	2/24/22	2/22/23	2/21/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	194.2	482.3	556.3	709.6	830.2	927.5
EBITDA	-	-	-	-	-	-
EBIT ¹	-41.5	-88.9	192	179.5	205.5	222
Operating Margin	-21.37%	-18.43%	34.51%	25.29%	24.75%	23.94%
Earnings before Tax (EBT) ¹	-42	-89.7	190.8	177.8	214.9	232.4
Net income ¹	-42	-89.7	190.8	181.7	204.1	219.2
Net margin	-21.63%	-18.6%	34.3%	25.61%	24.58%	23.63%
EPS ²	-0.2500	-0.5500	1.190	1.136	1.276	1.371
Free Cash Flow ¹	-39.1	203.2	308.7	91.9	138.4	-
FCF margin	-20.13%	42.13%	55.49%	12.95%	16.67%	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	161.79%	50.58%	67.82%	-
Dividend per Share ²	0.3600	0.3600	0.3600	0.3640	0.3680	0.4120
Announcement Date	2/24/22	2/22/23	2/21/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 S1	2022 S1	2023 S1	2023 S2
Net sales	-	210	278.7	-
EBITDA	-	-	-	-
EBIT	-	-	-	-
Operating Margin	-	-	-	-
Earnings before Tax (EBT)	-	-61.4	78.6	-
Net income	-	-61.4	78.6	-
Net margin	-	-29.24%	28.2%	-
EPS ¹	-	-0.3700	-	0.7000
Dividend per Share	0.1800	0.1800	-	-
Announcement Date	-	7/27/22	7/26/23	2/21/24

¹USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-39.1	203	309	91.9	138	-
ROE (net income / shareholders' equity)	-4%	-9.1%	20.6%	17.5%	17.6%	17%
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	5.940	5.090	6.250	6.970	7.900	8.920
Cash Flow per Share ²	0.2900	1.240	1.930	0.4500	0.6800	1.190
Capex	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-
Announcement Date	2/24/22	2/22/23	2/21/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Conduit Holdings Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.3 USD

Average target price

8.311 USD

Spread / Average Target

+31.91%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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