Financials Einhell Germany AG

Equities

Market Closed - Xetra Other stock markets 11:36:02 2024-04-26 am EDT			5-day change	1st Jan Change
159.6 ^EUR	0.00%		+2.44%	-3.27%

Apr. 24	Einhell Germany AG Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Einhell Germany AG Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	225.7	383.1	834.1	532.2	622.8	602.4	-	-
Enterprise Value (EV) ¹	225	386.7	1,024	730.8	622.8	630	606.8	576.3
P/E ratio	9.34 x	9.31 x	14.2 x	8.89 x	12.3 x	10.5 x	9.66 x	8.78 x
Yield	2.34%	2.17%	1.18%	2.06%	-	1.94%	2.07%	2.19%
Capitalization / Revenue	0.37 x	0.53 x	0.9 x	0.52 x	0.64 x	0.58 x	0.55 x	0.51 x
EV / Revenue	0.37 x	0.53 x	1.1 x	0.71 x	0.64 x	0.61 x	0.55 x	0.49 x
EV / EBITDA	5.18 x	5.64 x	10.8 x	6.82 x	6.4 x	6.18 x	5.56 x	4.88 x
EV / FCF	5.44 x	20.5 x	-6.06 x	22.7 x	-	16.9 x	17.4 x	13.4 x
FCF Yield	18.4%	4.88%	-16.5%	4.4%	-	5.9%	5.75%	7.46%
Price to Book	1.06 x	1.58 x	2.47 x	1.5 x	-	1.58 x	1.41 x	1.26 x
Nbr of stocks (in thousands)	3,774	3,774	3,774	3,774	3,774	3,774	-	-
Reference price ²	59.80	101.5	221.0	141.0	165.0	159.6	159.6	159.6
Announcement Date	4/23/20	4/26/21	4/26/22	4/27/23	4/24/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	605.7	724.7	927.4	1,033	971.5	1,031	1,097	1,170
EBITDA ¹	43.46	68.63	94.42	107.2	97.27	101.9	109.1	118.1
EBIT ¹	35.04	59.01	82.38	92.52	81.06	85.3	92.2	100.9
Operating Margin	5.79%	8.14%	8.88%	8.96%	8.34%	8.27%	8.41%	8.62%
Earnings before Tax (EBT) ¹	32.5	56.36	81.84	87.44	75.4	80.9	88.2	96.9
Net income ¹	24.32	41.2	58.63	59.75	50.49	57.2	62.4	68.6
Net margin	4.01%	5.69%	6.32%	5.79%	5.2%	5.55%	5.69%	5.86%
EPS ²	6.400	10.90	15.56	15.86	13.41	15.16	16.52	18.17
Free Cash Flow ¹	41.33	18.89	-168.9	32.15	-	37.2	34.9	43
FCF margin	6.82%	2.61%	-18.21%	3.11%	-	3.61%	3.18%	3.67%
FCF Conversion (EBITDA)	95.09%	27.53%	-	29.99%	-	36.51%	31.99%	36.41%
FCF Conversion (Net income)	169.98%	45.85%	-	53.81%	-	65.03%	55.93%	62.68%
Dividend per Share ²	1.400	2.200	2.600	2.900	-	3.100	3.300	3.500
Announcement Date	4/23/20	4/26/21	4/26/22	4/27/23	4/24/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	3.64	189	199	-	27.6	4.4	-
Net Cash position ¹	0.69	-	-	-	-	-	-	26.1
Leverage (Debt/EBITDA)	-	0.0531 x	2.006 x	1.852 x	-	0.2709 x	0.0403 x	-
Free Cash Flow ¹	41.3	18.9	-169	32.2	-	37.2	34.9	43
ROE (net income / shareholders' equity)	12%	18.1%	20.2%	17.2%	-	15.8%	15.4%	15.1%
ROA (Net income/ Total Assets)	-	9.41%	-	-	-	-	-	-
Assets ¹	-	437.9	-	-	-	-	-	-
Book Value Per Share ²	56.40	64.40	89.40	94.20	-	101.0	113.0	127.0
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	14.7	17.4	17.5	8.62	-	25	26	27
Capex / Sales	2.42%	2.4%	1.89%	0.83%	-	2.42%	2.37%	2.31%
Announcement Date	4/23/20	4/26/21	4/26/22	4/27/23	4/24/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

159.6 EUR

Average target price

241 EUR

Spread / Average Target

+51.00%

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