Financials Continental AG

Equities

CON

DE0005439004

Auto, Truck & Motorcycle Parts

Market Closed - Xetra Other stock markets 11:35:22 2024-10-09 am EDT			Pre-market 01:41:22 am
59.92 ^EUR	+7.23%		59.98	+0.10%

Oct. 09	Global markets live: Boeing, Uber, Chevron, BYD, Rio Tinto...
Oct. 09	CONTINENTAL : Opinion change, from Buy to Reduce

Projected Income Statement: Continental AG

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	44,478	37,722	33,765	39,409	41,420	40,635	41,955	43,757
Change	-	-15.19%	-10.49%	16.71%	5.1%	-1.9%	3.25%	4.3%
EBITDA ¹	4,977	3,034	4,104	3,966	4,079	4,487	5,206	5,812
Change	-	-39.05%	35.28%	-3.37%	2.85%	10.01%	16.01%	11.64%
EBIT ¹	3,234	1,333	1,900	1,951	2,517	2,546	3,033	3,522
Change	-	-58.79%	42.6%	2.65%	29.04%	1.13%	19.14%	16.12%
Interest Paid ¹	-317.3	-282.2	-136.3	-151.2	-316	-355.7	-357	-348.4
Earnings before Tax (EBT) ¹	-588.6	-930.1	1,710	556.8	1,618	1,844	2,572	3,160
Change	-	58.02%	-	-67.43%	190.59%	13.95%	39.5%	22.88%
Net income ¹	-1,225	-961.9	1,455	66.6	1,156	1,246	1,829	2,231
Change	-	-21.48%	-	-95.42%	1,636.34%	7.72%	46.85%	21.99%
Announcement Date	3/5/20	3/9/21	3/9/22	3/8/23	3/7/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	11,103	11,064	9,844	6,620	10,295	10,895	10,259	9,908	8,040	8,795	9,278	9,444	10,396	10,291	10,306	10,426	10,240	10,448	9,788	10,003	10,116	10,334
Change	-	-0.35%	-11.03%	-32.75%	55.53%	5.82%	-5.84%	-3.42%	-18.85%	9.38%	5.5%	1.79%	10.08%	-1.01%	0.15%	1.16%	-1.78%	2.03%	-6.32%	2.2%	1.13%	2.15%
EBITDA ¹	1,286	997.2	1,161	-108.1	724.9	1,257	1,403	1,203	975.2	883.1	932.3	848.6	1,079	1,106	1,070	919.8	-	-	-	1,247	1,444	1,236
Change	-	-22.45%	16.39%	-	-	73.35%	11.65%	-14.28%	-18.91%	-9.44%	5.57%	-8.98%	27.12%	2.57%	-3.28%	-14.05%	-100%	-	-	-	15.77%	-14.37%
EBIT ¹	614.5	867.1	431.9	-634	831.6	703.4	833.8	710.9	419.1	224.3	438.5	410.5	604.5	497.2	578.3	474.3	637.4	804.3	196	704	814.4	754.6
Change	-	41.11%	-50.19%	-	-	-15.42%	18.54%	-14.74%	-41.05%	-46.48%	95.5%	-6.39%	47.26%	-17.75%	16.31%	-17.98%	34.39%	26.18%	-75.63%	259.18%	15.69%	-7.35%
Charge d'intérêts	-47.6	-39.2	-38.3	-42.1	-50.1	-53.2	-58.1	-33.6	-32.1	-23	-5.7	-62.8	-47	-50.4	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-2,031	-35.8	426.7	-882.3	-753.2	278.9	578	-	327.8	269	344	-232.3	-83.9	529	497.1	354.5	-	420.5	19	-	-	-
Change	-	-98.24%	-	-	-14.63%	-	107.24%	-100%	-	-17.94%	27.88%	-	-63.88%	-	-6.03%	-28.69%	-100%	-	-95.48%	-100%	-	-
Net income ¹	-1,986	-	292.3	-741.1	-719.3	206.2	447.6	545.3	309.1	153	-	-250.7	-210.8	282.7	382.2	208.6	298.6	267	-53	305	439.2	301.9
Change	-	-100%	-	-	-2.94%	-	117.07%	21.83%	-43.32%	-50.5%	-100%	-	-15.92%	-	35.2%	-45.42%	43.14%	-10.58%	-	-	43.98%	-31.24%
Announcement Date	11/12/19	3/5/20	5/7/20	8/5/20	11/11/20	3/9/21	5/6/21	8/5/21	11/10/21	3/9/22	5/11/22	8/9/22	11/10/22	3/8/23	5/10/23	8/9/23	11/8/23	3/7/24	5/8/24	8/7/24	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2021 S1	2022 S1	2023 S1	2024 S1	2024 S2
Net sales ¹	16,532	20,167	18,722	20,732	19,791	20,182
Change	-	21.98%	-7.16%	10.73%	-4.54%	1.98%
EBITDA ¹	-	-	-	-	1,983	2,818
Change	-	-	-	-	-	42.11%
EBIT ¹	-	1,545	849	1,076	900	1,716
Change	-	-	-45.04%	26.68%	-16.32%	90.67%
Charge d'intérêts ¹	-	-	-	-	-214	-215
Earnings before Tax (EBT) ¹	-	-	-	-	469	1,549
Change	-	-	-	-	-	230.28%
Net income ¹	-	-	-	-	252	1,005
Change	-	-	-	-	-	298.81%
Announcement Date	8/5/20	8/5/21	8/9/22	8/9/23	8/7/24	-

¹EUR in Million

Estimates

Forecast Balance Sheet: Continental AG

balance-sheet-analysis-chart CONTINENTAL-AG

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	4,159	4,249	3,991	4,499	4,038	3,721	3,204	2,433
Change	-	2.16%	-6.07%	12.73%	-10.25%	-7.85%	-13.89%	-24.06%
Announcement Date	3/5/20	3/9/21	3/9/22	3/8/23	3/7/24	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Continental AG

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	2,978	1,942	1,800	2,169	2,143	2,482	2,598	2,759
Change	-	-34.76%	-7.33%	20.5%	-1.22%	15.84%	4.65%	6.22%
Free Cash Flow (FCF) ¹	1,437	771.6	1,154	90.6	1,292	907	1,138	1,446
Change	-	-46.3%	49.6%	-92.15%	1,326.38%	-29.81%	25.41%	27.08%
Announcement Date	3/5/20	3/9/21	3/9/22	3/8/23	3/7/24	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Continental AG

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	11.19%	8.04%	12.16%	10.06%	9.85%	11.04%	12.41%	13.28%
EBIT Margin (%)	7.27%	3.53%	5.63%	4.95%	6.08%	6.26%	7.23%	8.05%
EBT Margin (%)	-1.32%	-2.47%	5.06%	1.41%	3.91%	4.54%	6.13%	7.22%
Net margin (%)	-2.75%	-2.55%	4.31%	0.17%	2.79%	3.07%	4.36%	5.1%
FCF margin (%)	3.23%	2.05%	3.42%	0.23%	3.12%	2.23%	2.71%	3.3%
FCF / Net Income (%)	-117.3%	-80.22%	79.33%	136.04%	111.75%	72.82%	62.19%	64.79%
Profitability
ROA	-2.95%	-2.34%	3.86%	0.84%	4.35%	3.38%	4.35%	5.72%
ROE	-7.37%	-6.96%	11.9%	2.41%	12.22%	10.27%	12.48%	13.98%
Financial Health
Leverage (Debt/EBITDA)	0.84x	1.4x	0.97x	1.13x	0.99x	0.83x	0.62x	0.42x
Debt / Free cash flow	2.89x	5.51x	3.46x	49.66x	3.12x	4.1x	2.82x	1.68x
Capital Intensity
CAPEX / Current Assets (%)	6.69%	5.15%	5.33%	5.5%	5.17%	6.11%	6.19%	6.31%
CAPEX / EBITDA (%)	59.82%	64.03%	43.86%	54.69%	52.53%	55.31%	49.9%	47.48%
CAPEX / FCF (%)	207.22%	251.74%	155.95%	2,394.26%	165.81%	273.65%	228.36%	190.88%
Items per share
Cash flow per share ¹	22.07	13.57	14.77	11.48	16.64	15.85	18.56	22.83
Change	-	-38.52%	8.86%	-22.3%	44.96%	-4.71%	17.04%	23.02%
Dividend per Share ¹	4	-	2.2	1.5	2.2	2.129	3.038	3.759
Change	-	-	-	-31.82%	46.67%	-3.22%	42.66%	23.76%
Book Value Per Share ¹	76.98	61.31	60.95	66.3	68.38	71.42	77.93	85.67
Change	-	-20.35%	-0.58%	8.76%	3.14%	4.45%	9.11%	9.94%
EPS ¹	-6.13	-4.81	7.28	0.33	5.78	6.265	8.967	11.02
Change	-	-21.53%	-251.35%	-95.47%	1,651.52%	8.4%	43.12%	22.91%
Nbr of stocks (in thousands)	200,006	200,006	200,006	200,006	200,006	200,006	200,006	200,006
Announcement Date	3/5/20	3/9/21	3/9/22	3/8/23	3/7/24	-	-	-