EUROCOMMERCIAL PROPERTIES N.V. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 21.15 EUR | +1.93% |
|
+1.93% | -4.73% |
| Mar. 22 | Indexes up; Leonardo tops on Mib. | AN |
| Mar. 22 | Transcript : Eurocommercial Properties N.V., 2023 Earnings Call, Mar 22, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,223 | 759.8 | 995.3 | 1,194 | 1,183 | 1,127 | - | - |
| Enterprise Value (EV) 1 | 3,068 | 759.8 | 2,674 | 2,742 | 2,785 | 2,632 | 2,628 | 2,621 |
| P/E ratio | 16.7 x | 15.1 x | 9.5 x | 5.95 x | -43.5 x | 7.67 x | 6.96 x | 7.24 x |
| Yield | 8.72% | 3.25% | 7.86% | 7.08% | 7.66% | 8.33% | 8.65% | 8.83% |
| Capitalization / Revenue | 5.93 x | 3.79 x | 5.02 x | 5.99 x | 5.49 x | 4.96 x | 4.81 x | 4.73 x |
| EV / Revenue | 14.9 x | 3.79 x | 13.5 x | 13.8 x | 12.9 x | 11.6 x | 11.2 x | 11 x |
| EV / EBITDA | 19.5 x | 4.71 x | 17.3 x | 15.8 x | 16.4 x | 13.3 x | 11.7 x | 14 x |
| EV / FCF | 62.9 x | 11.1 x | 24.2 x | 14.4 x | 152 x | 23.9 x | 25.1 x | 22.8 x |
| FCF Yield | 1.59% | 8.98% | 4.14% | 6.95% | 0.66% | 4.19% | 3.99% | 4.38% |
| Price to Book | 0.65 x | 0.4 x | 0.51 x | 0.58 x | 0.59 x | 0.54 x | 0.53 x | 0.52 x |
| Nbr of stocks (in thousands) | 52,322 | 52,843 | 52,843 | 52,842 | 53,275 | 53,275 | - | - |
| Reference price 2 | 23.37 | 14.38 | 18.83 | 22.60 | 22.20 | 21.15 | 21.15 | 21.15 |
| Announcement Date | 8/30/19 | 3/28/21 | 3/25/22 | 3/24/23 | 3/22/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 206.3 | 200.7 | 198.3 | 199.3 | 215.3 | 227 | 234 | 238 |
| EBITDA 1 | 157.5 | 161.3 | 154.5 | 173.1 | 170 | 197.2 | 225.3 | 187.6 |
| EBIT 1 | 154.6 | 159.3 | 152.5 | 171.2 | 168.3 | 178.8 | 183.9 | 187.5 |
| Operating Margin | 74.93% | 79.37% | 76.89% | 85.91% | 78.19% | 78.77% | 78.58% | 78.78% |
| Earnings before Tax (EBT) 1 | 79.39 | - | - | 252.4 | -17.2 | 126.2 | 132 | 135.9 |
| Net income 1 | 74.59 | 50.28 | 104.7 | 200.7 | -26.87 | 128.3 | 142.2 | 120.6 |
| Net margin | 36.15% | 25.05% | 52.78% | 100.72% | -12.48% | 56.51% | 60.76% | 50.7% |
| EPS 2 | 1.402 | 0.9536 | 1.984 | 3.800 | -0.5100 | 2.757 | 3.037 | 2.920 |
| Free Cash Flow 1 | 48.75 | 68.26 | 110.7 | 190.6 | 18.34 | 110.2 | 104.8 | 114.9 |
| FCF margin | 23.62% | 34% | 55.79% | 95.64% | 8.52% | 48.53% | 44.76% | 48.28% |
| FCF Conversion (EBITDA) | 30.95% | 42.33% | 71.63% | 110.13% | 10.78% | 55.84% | 46.49% | 61.25% |
| FCF Conversion (Net income) | 65.36% | 135.74% | 105.7% | 94.96% | - | 85.88% | 73.66% | 95.23% |
| Dividend per Share 2 | 2.038 | 0.4674 | 1.480 | 1.600 | 1.700 | 1.762 | 1.830 | 1.868 |
| Announcement Date | 8/30/19 | 3/28/21 | 3/25/22 | 3/24/23 | 3/22/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2023 Q4 |
|---|---|---|
| Net sales 1 | 49.4 | 54.09 |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) 1 | - | -102.9 |
| Net income 1 | - | -93.38 |
| Net margin | - | -172.66% |
| EPS | - | - |
| Dividend per Share | - | - |
| Announcement Date | 11/5/21 | 3/22/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,845 | - | 1,679 | 1,548 | 1,602 | 1,505 | 1,502 | 1,494 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 11.72 x | - | 10.87 x | 8.943 x | 9.422 x | 7.63 x | 6.665 x | 7.965 x |
| Free Cash Flow 1 | 48.7 | 68.3 | 111 | 191 | 18.3 | 110 | 105 | 115 |
| ROE (net income / shareholders' equity) | 6.25% | 5.59% | 5.45% | 5.73% | 5.91% | 6.88% | 7% | 7.33% |
| ROA (Net income/ Total Assets) | 2.9% | 2.5% | 2.58% | 2.88% | 3.09% | 3.3% | 3.2% | - |
| Assets 1 | 2,569 | 2,011 | 4,056 | 6,970 | -871 | 3,887 | 4,444 | - |
| Book Value Per Share 2 | 36.00 | 35.70 | 37.00 | 38.70 | 37.70 | 39.10 | 40.10 | 40.30 |
| Cash Flow per Share 2 | 2.090 | - | 1.830 | 2.050 | 2.210 | 1.900 | 1.900 | 2.000 |
| Capex 1 | 62.2 | - | - | - | 27.5 | 20 | 28 | 20 |
| Capex / Sales | 30.14% | - | - | - | 12.76% | 8.81% | 11.96% | 8.4% |
| Announcement Date | 8/30/19 | 3/28/21 | 3/25/22 | 3/24/23 | 3/22/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
21.15
EUR
Average target price
26.09
EUR
Spread / Average Target
+23.35%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -4.73% | 1.2B | |
| -0.20% | 46.38B | |
| -13.75% | 12.39B | |
| -22.69% | 11.06B | |
| -13.01% | 10.74B | |
| -5.43% | 7.45B | |
| -6.66% | 6.54B | |
| -8.23% | 5.8B | |
| -7.60% | 5.6B | |
| -7.00% | 4.67B |
- Stock Market
- Equities
- ECMPA Stock
- Financials Eurocommercial Properties N.V.
