Financials Groupe LDLC

Equities

Market Closed - Euronext Paris Other stock markets 11:00:15 2024-04-26 am EDT			5-day change	1st Jan Change
16.88 ^EUR	+0.24%		-0.47%	-23.10%

Apr. 08	LDLC: agreement signed with Rue du Commerce	CF
Apr. 07	Groupe LDLC to Buy Rue Du Commerce’s Assets	MT

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	37.23	55.54	321.5	193.7	134.5	101.9	-	-
Enterprise Value (EV) ¹	98.73	64.14	290.2	170.9	134.4	114.5	101	89.08
P/E ratio	-8.71 x	6.87 x	7.78 x	5.47 x	112 x	10.3 x	5.19 x	7.57 x
Yield	-	-	3.85%	6.24%	7.16%	5.09%	4.21%	4.77%
Capitalization / Revenue	0.07 x	0.11 x	0.44 x	0.28 x	0.24 x	0.18 x	0.17 x	0.16 x
EV / Revenue	0.19 x	0.13 x	0.4 x	0.25 x	0.24 x	0.2 x	0.17 x	0.14 x
EV / EBITDA	49.4 x	4.09 x	4.15 x	2.93 x	9.4 x	6.43 x	2.97 x	2.38 x
EV / FCF	-11.1 x	1.97 x	6.76 x	12.5 x	-12.3 x	12.6 x	8.21 x	6.3 x
FCF Yield	-8.97%	50.7%	14.8%	8.03%	-8.16%	7.95%	12.2%	15.9%
Price to Book	0.7 x	0.89 x	-	-	-	0.94 x	0.83 x	0.74 x
Nbr of stocks (in thousands)	6,195	6,171	6,183	6,042	6,019	6,035	-	-
Reference price ²	6.010	9.000	52.00	32.05	22.35	16.88	16.88	16.88
Announcement Date	6/20/19	6/18/20	6/17/21	6/16/22	6/15/23	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	507.5	493.4	724.1	684.9	567.4	571.4	602.3	634.1
EBITDA ¹	2	15.7	70	58.4	14.3	17.8	34	37.5
EBIT	-4.3	6.6	62.7	51	5.3	-	26.5	29.6
Operating Margin	-0.85%	1.34%	8.66%	7.45%	0.93%	-	4.4%	4.67%
Earnings before Tax (EBT)	-6.1	-	-	-	-	-	-	-
Net income ¹	-4.3	8.3	42.2	36.1	1.234	10.1	20.1	22.3
Net margin	-0.85%	1.68%	5.83%	5.27%	0.22%	1.77%	3.34%	3.52%
EPS ²	-0.6900	1.310	6.680	5.860	0.2000	1.640	3.250	2.230
Free Cash Flow ¹	-8.86	32.53	42.94	13.72	-10.96	9.1	12.3	14.15
FCF margin	-1.75%	6.59%	5.93%	2%	-1.93%	1.59%	2.04%	2.23%
FCF Conversion (EBITDA)	-	207.22%	61.34%	23.49%	-	51.12%	36.18%	37.73%
FCF Conversion (Net income)	-	391.96%	101.74%	38%	-	90.1%	61.19%	63.45%
Dividend per Share ²	-	-	2.000	2.000	1.600	0.8600	0.7100	0.8050
Announcement Date	6/20/19	6/18/20	6/17/21	6/16/22	6/15/23	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	61.5	8.6	-	-	-	12.6	-	-
Net Cash position ¹	-	-	31.3	22.8	0.12	-	0.9	12.8
Leverage (Debt/EBITDA)	30.75 x	0.5478 x	-	-	-	0.7079 x	-	-
Free Cash Flow ¹	-8.86	32.5	42.9	13.7	-11	9.1	12.3	14.2
ROE (net income / shareholders' equity)	-7.51%	14.2%	51.4%	33.1%	1.33%	9.1%	15.9%	15.9%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	8.570	10.10	-	-	-	18.00	20.40	22.80
Cash Flow per Share ²	0.0800	0.7800	7.760	7.030	1.930	2.960	4.460	4.890
Capex ¹	11.8	24.9	-	-	15.1	8.6	9.05	9.55
Capex / Sales	2.33%	5.05%	-	-	2.66%	1.5%	1.5%	1.51%
Announcement Date	6/20/19	6/18/20	6/17/21	6/16/22	6/15/23	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

16.88 EUR

Average target price

19.7 EUR

Spread / Average Target

+16.71%

	1st Jan change	Capi.
GROUPE LDLC	-23.10%	109M
AMAZON.COM, INC.	+18.22%	1,869B
JD.COM, INC.	+5.02%	46.43B
COUPANG, INC.	+41.51%	41.08B
ALLEGRO.EU S.A.	-0.17%	8.67B
ETSY, INC.	-16.80%	7.91B
ZOZO, INC.	+7.09%	6.41B
WAYFAIR INC.	-15.71%	6.26B
FSN E-COMMERCE VENTURES LIMITED	+1.81%	6.07B
MONOTARO CO., LTD.	+15.78%	5.63B