Financials Ericsson Nikola Tesla d.d.

Equities

ERNT

HRERNTRA0000

Integrated Telecommunications Services

End-of-day quote Zagreb S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
203 EUR -0.49% Intraday chart for Ericsson Nikola Tesla d.d. -1.93% +2.01%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 1,345 1,862 1,994 324.1 2,253 2,027 2,027 -
Enterprise Value (EV) 1 1,163 1,792 1,779 324.1 2,253 -169.2 1,630 1,618
P/E ratio 11.8 x 18.2 x 21.1 x 1.84 x 18.9 x 10.7 x 19.2 x 16.1 x
Yield 1.98% 5.05% 3.27% - - 3.02% 8.57% 4.53%
Capitalization / Revenue 0.86 x 1.05 x 0.99 x - - 0.11 x 1.06 x 0.92 x
EV / Revenue 0.75 x 1.01 x 0.88 x - - -0.07 x 0.85 x 0.74 x
EV / EBITDA 7.59 x 11.2 x 11.1 x - - -0.72 x 9.77 x 8.47 x
EV / FCF - - - - - - 11,139,756 x 13,128,397 x
FCF Yield - - - - - - 0% 0%
Price to Book 4.41 x 5.92 x 5.76 x - - 3.54 x 3.99 x 3.75 x
Nbr of stocks (in thousands) 1,331 1,331 1,331 1,325 1,323 1,326 1,326 -
Reference price 2 1,010 1,399 1,497 244.7 1,704 1,529 1,529 1,529
Announcement Date 4/30/19 2/20/20 2/23/21 4/29/22 4/27/23 2/22/24 - -
1HRK in Million2HRK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,558 1,779 2,023 - - 2,372 1,907 2,196
EBITDA 1 153.2 160.1 160.1 - - 234.9 166.8 191.1
EBIT 1 118.3 102.6 104.4 - - 188.9 112 136.3
Operating Margin 7.59% 5.76% 5.16% - - 7.96% 5.87% 6.21%
Earnings before Tax (EBT) 1 120.6 108.2 106.6 - - 192.5 112 136.2
Net income 1 113.6 102.5 94.54 177.3 119.2 169.3 106.2 126.1
Net margin 7.29% 5.76% 4.67% - - 7.14% 5.57% 5.74%
EPS 2 85.34 76.97 71.02 133.0 90.00 143.5 79.80 94.66
Free Cash Flow - - - - - - 146.3 123.2
FCF margin - - - - - - 7.67% 5.61%
FCF Conversion (EBITDA) - - - - - - 87.72% 64.49%
FCF Conversion (Net income) - - - - - - 137.78% 97.74%
Dividend per Share 2 20.00 70.60 49.00 - - 46.21 130.9 69.32
Announcement Date 4/30/19 2/20/20 2/23/21 4/29/22 4/27/23 2/22/24 - -
1HRK in Million2HRK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q3 2023 Q4 2024 Q1
Net sales 1 - 762.2 390.4
EBITDA 1 - 12.38 67.62
EBIT 1 - 0.1391 57.61
Operating Margin - 0.02% 14.76%
Earnings before Tax (EBT) 76.09 - -
Net income 1 61.9 13.13 49.5
Net margin - 1.72% 12.68%
EPS - - -
Dividend per Share - - -
Announcement Date 10/25/23 2/22/24 4/25/24
1HRK in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - - -
Net Cash position 1 182 70.5 214 - - 433 397 409
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - 146 123
ROE (net income / shareholders' equity) 42% 33.1% 27.1% - - 34.1% 19.6% 24%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 229.0 236.0 260.0 - - 432.0 383.0 408.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - 35.4 25.4
Capex / Sales - - - - - - 1.86% 1.16%
Announcement Date 4/30/19 2/20/20 2/23/21 4/29/22 4/27/23 2/22/24 - -
1HRK in Million2HRK
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
HOLD
Number of Analysts
1
Last Close Price
1,529 HRK
Average target price
1,537 HRK
Spread / Average Target
+0.53%
Consensus

Annual profits - Rate of surprise

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