Financials Groupe SFPI

Equities

Market Closed - Euronext Paris Other stock markets 11:35:13 2024-04-26 am EDT			5-day change	1st Jan Change
1.895 ^EUR	+1.34%		-0.52%	-3.02%

Feb. 01	Arc Management SAS completed the acquisition of 6.65% stake in GROUPE SFPI SA form Spring Management.	CI
Feb. 01	Crédit Mutuel Equity SCR completed the acquisition of 2.66% stake in GROUPE SFPI SA form Spring Management.	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	210	166.7	168.7	333.3	204.7	174.7	174.7	-
Enterprise Value (EV) ¹	182.5	150.7	90.48	257.5	200.1	180.2	145.5	120.9
P/E ratio	14.4 x	42.9 x	9.69 x	10.4 x	9.25 x	-94.8 x	8.61 x	6.53 x
Yield	2.31%	-	3.44%	2.27%	2.25%	2.64%	1.58%	2.64%
Capitalization / Revenue	0.38 x	0.3 x	0.34 x	0.58 x	0.33 x	0.26 x	0.25 x	0.24 x
EV / Revenue	0.33 x	0.27 x	0.18 x	0.45 x	0.32 x	0.26 x	0.21 x	0.17 x
EV / EBITDA	4.01 x	2.86 x	1.85 x	4.15 x	3.49 x	3.4 x	2.5 x	1.8 x
EV / FCF	13.1 x	8.15 x	-	-	-	32.7 x	14.4 x	4.41 x
FCF Yield	7.63%	12.3%	-	-	-	3.06%	6.94%	22.7%
Price to Book	1.03 x	0.84 x	0.78 x	1.5 x	0.82 x	0.77 x	0.7 x	0.64 x
Nbr of stocks (in thousands)	97,220	97,220	96,685	94,675	92,205	92,205	92,205	-
Reference price ²	2.160	1.715	1.745	3.520	2.220	1.895	1.895	1.895
Announcement Date	4/17/19	4/22/20	4/27/21	4/20/22	4/18/23	4/18/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	549.8	562.5	498.8	571	629.1	688.8	691.4	717.8
EBITDA ¹	45.5	52.7	49	62.1	57.4	51.9	58.2	67.1
EBIT ¹	30.4	30.6	28.6	43.6	36	28.5	33.2	41.2
Operating Margin	5.53%	5.44%	5.73%	7.64%	5.72%	4.14%	4.8%	5.74%
Earnings before Tax (EBT)	26.02	11.5	28.06	44.17	31.9	-	-	-
Net income ¹	13.7	3.8	17.6	32.2	22	1.2	20.7	26.3
Net margin	2.49%	0.68%	3.53%	5.64%	3.5%	0.17%	2.99%	3.66%
EPS ²	0.1500	0.0400	0.1800	0.3400	0.2400	-0.0200	0.2200	0.2900
Free Cash Flow ¹	13.93	18.5	-	-	-	5.4	10.1	27.4
FCF margin	2.53%	3.29%	-	-	-	0.79%	1.46%	3.82%
FCF Conversion (EBITDA)	30.61%	35.1%	-	-	-	10.4%	17.35%	40.83%
FCF Conversion (Net income)	101.68%	486.84%	-	-	-	-	48.79%	104.18%
Dividend per Share ²	0.0500	-	0.0600	0.0800	0.0500	0.0500	0.0300	0.0500
Announcement Date	4/17/19	4/22/20	4/27/21	4/20/22	4/18/23	4/18/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	1.8	-	-
Net Cash position ¹	27.5	16	78.2	75.8	4.58	-	29.2	53.8
Leverage (Debt/EBITDA)	-	-	-	-	-	0.0347 x	-	-
Free Cash Flow ¹	13.9	18.5	-	-	-	5.4	10.1	27.4
ROE (net income / shareholders' equity)	6.45%	1.88%	8.52%	14.4%	9.13%	7%	7.7%	9%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	2.100	2.050	2.230	2.350	2.700	2.460	2.690	2.940
Cash Flow per Share ²	0.3400	0.4000	0.3900	0.4600	0.2900	0.4100	0.4700	0.5300
Capex ¹	16.7	18.6	-	-	-	30.9	24.2	22.3
Capex / Sales	3.03%	3.31%	-	-	-	4.5%	3.5%	3.11%
Announcement Date	4/17/19	4/22/20	4/27/21	4/20/22	4/18/23	4/18/24	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.895 EUR

Average target price

2.8 EUR

Spread / Average Target

+47.76%

	1st Jan change	Capi.
GROUPE SFPI	-3.02%	187M
SAINT-GOBAIN	+12.87%	40.33B
ASSA ABLOY AB	+3.17%	30.34B
BUILDERS FIRSTSOURCE, INC.	+12.41%	22.89B
CARLISLE COMPANIES INCORPORATED	+28.21%	19.09B
MASCO CORPORATION	+4.28%	15.38B
TREX COMPANY, INC.	+9.35%	9.84B
FORTUNE BRANDS INNOVATIONS, INC.	-2.57%	9.32B
AGC INC.	+10.03%	7.75B
SIMPSON MANUFACTURING CO., INC.	-12.31%	7.37B