Financials Gamma Communications plc

Equities

Market Closed - London S.E. Other stock markets 11:35:23 2024-04-26 am EDT			5-day change	1st Jan Change
1,310 ^GBX	+0.77%		-1.36%	+16.34%

Mar. 25	Gamma Communications announces major buyback after strong 2023 results	AN
Mar. 25	UK's Gamma Communications Reports Increased FY23 Profit, Revenue	MT

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	686	1,260	1,569	1,589	1,048	1,272	1,272	-
Enterprise Value (EV) ¹	650.5	1,206	1,521	1,551	966.2	1,097	1,116	1,058
P/E ratio	24.3 x	36.8 x	24.7 x	29.9 x	21.4 x	20.5 x	17.9 x	16.4 x
Yield	1.27%	0.79%	0.71%	0.8%	1.39%	1.52%	1.43%	1.59%
Capitalization / Revenue	2.41 x	3.83 x	3.98 x	3.55 x	2.16 x	2.1 x	2.22 x	2.09 x
EV / Revenue	2.28 x	3.67 x	3.86 x	3.47 x	1.99 x	2.1 x	1.95 x	1.74 x
EV / EBITDA	13.5 x	19 x	19.3 x	16.3 x	9.19 x	9.6 x	9 x	7.98 x
EV / FCF	27.6 x	35.4 x	37.3 x	26 x	15.1 x	12.9 x	14.5 x	12.8 x
FCF Yield	3.63%	2.83%	2.68%	3.85%	6.62%	7.76%	6.91%	7.81%
Price to Book	5.62 x	8.34 x	7.45 x	6.13 x	3.47 x	3.73 x	3.34 x	2.88 x
Nbr of stocks (in thousands)	93,977	94,758	95,387	96,302	96,823	97,112	97,112	-
Reference price ²	7.300	13.30	16.45	16.50	10.82	13.10	13.10	13.10
Announcement Date	3/12/19	3/17/20	3/23/21	3/22/22	3/21/23	3/25/24	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	284.9	328.9	393.8	447.7	484.6	521.7	572.1	609.2
EBITDA ¹	48.3	63.5	79	95.4	105.1	114.3	124	132.5
EBIT ¹	34.8	46.4	56.1	68.3	65.4	67	95.73	103.1
Operating Margin	12.21%	14.11%	14.25%	15.26%	13.5%	12.84%	16.73%	16.92%
Earnings before Tax (EBT) ¹	34.5	45.2	75	67.2	64.9	71.5	95.8	102.6
Net income ¹	28.4	34.5	64.2	53.6	49.3	53.6	64.7	76.6
Net margin	9.97%	10.49%	16.3%	11.97%	10.17%	10.27%	11.31%	12.58%
EPS ²	0.3000	0.3610	0.6660	0.5520	0.5060	0.5490	0.7331	0.7984
Free Cash Flow ¹	23.6	34.1	40.8	59.7	64	85.2	77.08	82.6
FCF margin	8.28%	10.37%	10.36%	13.33%	13.21%	16.33%	13.47%	13.56%
FCF Conversion (EBITDA)	48.86%	53.7%	51.65%	62.58%	60.89%	74.54%	62.15%	62.33%
FCF Conversion (Net income)	83.1%	98.84%	63.55%	111.38%	129.82%	158.96%	119.13%	107.83%
Dividend per Share ²	0.0930	0.1050	0.1170	0.1320	0.1500	0.1710	0.1874	0.2082
Announcement Date	3/12/19	3/17/20	3/23/21	3/22/22	3/21/23	3/25/24	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	35.5	53.9	48	37.6	81.4	130	156	214
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	23.6	34.1	40.8	59.7	64	85.2	77.1	82.6
ROE (net income / shareholders' equity)	26.2%	25.2%	35.1%	22.7%	17.6%	20.8%	20.7%	19.1%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	1.300	1.600	2.210	2.690	3.120	3.510	3.920	4.550
Cash Flow per Share ²	0.3800	0.4900	0.5800	0.7900	-	1.110	0.9000	0.9700
Capex ¹	12.7	12.4	15.4	16.8	20.7	23	23	23.4
Capex / Sales	4.46%	3.77%	3.91%	3.75%	4.27%	4.41%	4.02%	3.84%
Announcement Date	3/12/19	3/17/20	3/23/21	3/22/22	3/21/23	3/25/24	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

13.1 GBP

Average target price

16.9 GBP

Spread / Average Target

+29.01%

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