Financials DEME Group NV

Equities

DEME

BE0974413453

Construction & Engineering

Market Closed - Euronext Bruxelles Other stock markets 11:35:28 2024-05-07 am EDT			5-day change	1st Jan Change
154.6 ^EUR	+3.07%		+3.48%	+38.78%

Mar. 20	ABB Wins Shoreside Shore Connection Installation Contract with DEME	MT
Feb. 28	DEME Group NV Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	3,139	2,820	3,914	-	-
Enterprise Value (EV) ¹	3,660	2,820	4,239	4,105	4,051
P/E ratio	27.9 x	17.3 x	18.4 x	15.4 x	13.6 x
Yield	1.21%	-	1.86%	2.23%	2.52%
Capitalization / Revenue	1.18 x	0.86 x	1.09 x	1.01 x	0.95 x
EV / Revenue	1.38 x	0.86 x	1.18 x	1.05 x	0.98 x
EV / EBITDA	7.72 x	4.73 x	6.39 x	5.64 x	5.16 x
EV / FCF	-77 x	-	16.1 x	15.5 x	13.2 x
FCF Yield	-1.3%	-	6.21%	6.44%	7.59%
Price to Book	1.79 x	-	1.88 x	1.72 x	1.58 x
Nbr of stocks (in thousands)	25,314	25,314	25,314	-	-
Reference price ²	124.0	111.4	154.6	154.6	154.6
Announcement Date	2/27/23	2/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	2,655	3,285	3,606	3,894	4,132
EBITDA ¹	-	474	596.5	662.9	728	785.6
EBIT ¹	-	155	241.3	297.7	351.1	395
Operating Margin	-	5.84%	7.34%	8.25%	9.02%	9.56%
Earnings before Tax (EBT) ¹	-	130.9	218	284.6	344.5	393.3
Net income ¹	114.6	113	162.8	212.7	254.8	288.7
Net margin	-	4.26%	4.95%	5.9%	6.54%	6.99%
EPS ²	25.25	4.450	6.430	8.400	10.07	11.40
Free Cash Flow ¹	-	-47.55	-	263.2	264.4	307.4
FCF margin	-	-1.79%	-	7.3%	6.79%	7.44%
FCF Conversion (EBITDA)	-	-	-	39.71%	36.32%	39.13%
FCF Conversion (Net income)	-	-	-	123.75%	103.8%	106.46%
Dividend per Share ²	-	1.500	-	2.870	3.440	3.889
Announcement Date	5/3/22	2/27/23	2/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 S1	2023 S2
Net sales ¹	1,475	1,810
EBITDA ¹	221.9	374.6
EBIT ¹	57.15	184.1
Operating Margin	3.87%	10.17%
Earnings before Tax (EBT) ¹	44.48	173.5
Net income ¹	30.18	132.6
Net margin	2.05%	7.32%
EPS	-	-
Dividend per Share	-	-
Announcement Date	8/29/23	2/28/24

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	521	-	325	191	137
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	1.099 x	-	0.4903 x	0.2628 x	0.1746 x
Free Cash Flow ¹	-	-47.6	-	263	264	307
ROE (net income / shareholders' equity)	-	6.76%	-	10.9%	12.1%	12.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	-	69.30	-	82.20	89.70	97.90
Cash Flow per Share ²	-	17.20	-	21.20	23.00	24.60
Capex ¹	-	484	-	361	413	417
Capex / Sales	-	18.23%	-	10%	10.59%	10.1%
Announcement Date	5/3/22	2/27/23	2/28/24	-	-	-

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 DEME Group NV

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

154.6 EUR

Average target price

166.7 EUR

Spread / Average Target

+7.84%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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