Financials Desarrollos Especiales de Sistemas de Anclaje, S.A.

Equities

DESA

ES0126251018

Industrial Machinery & Equipment

Market Closed - BME 10:00:09 2024-05-03 am EDT 5-day change 1st Jan Change
12.3 EUR 0.00% Intraday chart for Desarrollos Especiales de Sistemas de Anclaje, S.A. 0.00% +2.50%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 15.11 16.09 24.08 24.98 21.89 21.89 -
Enterprise Value (EV) 1 31.06 27.79 24.08 24.98 21.36 32.09 31.29
P/E ratio 18.8 x 17.6 x 6.4 x 7 x 10 x 7.74 x 6.76 x
Yield 3.31% - - - 6.82% 6.83% 6.83%
Capitalization / Revenue 0.36 x 0.41 x - - 0.45 x 0.44 x 0.42 x
EV / Revenue 0.73 x 0.7 x - - 0.45 x 0.64 x 0.6 x
EV / EBITDA 12.9 x 9.8 x - - 4.75 x 6.05 x 5.49 x
EV / FCF 68.3 x 6.95 x - - 11.1 x 16 x 13.6 x
FCF Yield 1.46% 14.4% - - 9.05% 6.23% 7.35%
Price to Book - - - - 1.12 x 1.07 x -
Nbr of stocks (in thousands) 1,788 1,788 1,784 1,784 1,780 1,780 -
Reference price 2 8.450 9.000 13.50 14.00 12.30 12.30 12.30
Announcement Date 2/27/20 2/26/21 2/28/22 2/27/23 2/29/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 42.39 39.66 - - 47.66 50.1 52.4
EBITDA 1 2.417 2.835 - - 4.495 5.3 5.7
EBIT 1 1.223 1.414 - - 3.362 4.2 4.6
Operating Margin 2.89% 3.57% - - 7.05% 8.38% 8.78%
Earnings before Tax (EBT) 1 1.066 1.247 - - 2.915 3.8 4.3
Net income 1 0.812 0.906 3.765 3.582 2.128 2.8 3.2
Net margin 1.92% 2.28% - - 4.46% 5.59% 6.11%
EPS 2 0.4500 0.5100 2.110 2.000 1.200 1.590 1.820
Free Cash Flow 1 0.455 4.002 - - 3 2 2.3
FCF margin 1.07% 10.09% - - 6.24% 3.99% 4.39%
FCF Conversion (EBITDA) 18.82% 141.16% - - 63.87% 37.74% 40.35%
FCF Conversion (Net income) 56.03% 441.72% - - 136.36% 71.43% 71.87%
Dividend per Share 2 0.2800 - - - 0.8394 0.8400 0.8400
Announcement Date 2/27/20 2/26/21 2/28/22 2/27/23 2/29/24 - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 16 11.7 - - 11.3 10.2 9.4
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 6.6 x 4.127 x - - 2.4 x 1.925 x 1.649 x
Free Cash Flow 1 0.46 4 - - 3 2 2.3
ROE (net income / shareholders' equity) 6.46% 7% - - 11.7% 14.2% 15.1%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 - - - - 11.00 11.50 -
Cash Flow per Share 2 - - - - 1.990 2.050 -
Capex 1 1.14 1.94 - - 1 1 1
Capex / Sales 2.68% 4.89% - - 2.08% 2% 1.91%
Announcement Date 2/27/20 2/26/21 2/28/22 2/27/23 2/29/24 - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
12.3 EUR
Average target price
18 EUR
Spread / Average Target
+46.34%
Consensus

Annual profits - Rate of surprise

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