Financials Heidelberger Druckmaschinen AG

Equities

Market Closed - Xetra Other stock markets 11:35:11 2025-01-21 am EST			5-day change	1st Jan Change
1.102 ^EUR	+4.16%		+18.24%	+20.57%

Jan. 20	Heidelberger Druck is trying to shake off its status as a penny stock.	DP
Jan. 16	HEIDELBERGER DRUCKMASCHINEN AG : Warburg Research remains its Buy rating	ZD

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,349	1,913	2,183	2,435	2,395	2,397	2,463	2,552
Change	-	-18.58%	14.14%	11.52%	-1.64%	0.07%	2.75%	3.63%
EBITDA ¹	102	146	160	209	172	174.7	190	214.4
Change	-	43.14%	9.59%	30.62%	-17.7%	1.57%	8.76%	12.87%
EBIT ¹	6	69	80.74	131	91	87.2	119.5	139
Change	-	1,050%	17.01%	62.26%	-30.53%	-4.18%	37.04%	16.28%
Interest Paid ¹	-52.38	-41.01	-35.6	-30	-43	-34	-33.25	-32.75
Earnings before Tax (EBT) ¹	-321.8	-23.37	50.8	112	55	40	84.5	107.7
Change	-	-92.74%	-	120.47%	-50.89%	-27.27%	111.25%	27.46%
Net income ¹	-343	-42.89	33.06	91	39	18	63.2	84.15
Change	-	-87.5%	-	175.27%	-57.14%	-53.85%	251.11%	33.15%
Announcement Date	6/23/20	6/9/21	6/10/22	6/14/23	6/10/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3
Net sales ¹	330	475	484	624	441	542	582	618.4	530	590	609	706	544	548	594	703	403	512	598
Change	-	43.94%	1.89%	28.93%	-29.33%	22.9%	7.38%	6.26%	-14.3%	11.32%	3.22%	15.93%	-22.95%	0.74%	8.39%	18.35%	-42.67%	27.05%	16.8%
EBITDA ¹	60	37	50	-1	15	60	57	28	35	68	41	65	42	59	34	37	-9	40	54.7
Change	-	-38.33%	35.14%	-	-	300%	-5%	-50.88%	25%	94.29%	-39.71%	58.54%	-35.38%	40.48%	-42.37%	8.82%	-	-	36.75%
EBIT ¹	40	18	30	-19	-4	40.67	37	6.737	16	48	21	46	23	40	15	13	-28	21	6.3
Change	-	-55%	66.67%	-	-78.95%	-	-9.03%	-81.79%	137.49%	200%	-56.25%	119.05%	-50%	73.91%	-62.5%	-13.33%	-	-	-70%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	6	-	14	-38.37	-12	31.1	30	0.8	9	42	14	47	15	30	7	3	-37	13	-1.7
Change	-	-100%	-	-	-68.72%	-	-3.55%	-97.33%	1,025%	366.67%	-66.67%	235.71%	-68.09%	100%	-76.67%	-57.14%	-	-	-
Net income ¹	5	-	12	-45.89	-14	27	27	-6.941	5	39	10	37	10	23	1	5	-42	7	-6.9
Change	-	-100%	-	-	-69.49%	-	0.01%	-	-	680%	-74.36%	270%	-72.97%	130%	-95.65%	400%	-	-	-
Announcement Date	8/13/20	11/10/20	2/10/21	6/9/21	8/4/21	11/10/21	2/9/22	6/10/22	8/10/22	11/9/22	2/8/23	6/14/23	8/4/23	11/8/23	2/7/24	6/10/24	7/31/24	11/13/24	-

¹EUR in Million

Estimates

Fiscal Period: March	2021 S1	2022 S1	2023 S1	2024 S1	2025 S1
Net sales ¹	805	983	1,120	1,092	915
Change	-	22.11%	13.94%	-2.5%	-16.21%
EBITDA ¹	97	75	104	101	31
Change	-	-22.68%	38.67%	-2.88%	-69.31%
EBIT ¹	57	36.67	64	63	-6
Change	-	-35.67%	74.54%	-1.56%	-
Charge d'intérêts	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	19.54	51	45	-23
Change	-	-	160.98%	-11.76%	-
Net income ¹	-	12.66	44	33	-35
Change	-	-	247.41%	-25%	-
Announcement Date	11/10/20	11/10/21	11/9/22	11/8/23	11/13/24

¹EUR in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	98.7	67	-11	-51	-77	-79	-107	-177
Change	-	-32.12%	-116.42%	-563.64%	-250.98%	-202.6%	-235.44%	-265.42%
Announcement Date	6/23/20	6/9/21	6/10/22	6/14/23	6/10/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	95.53	59.8	55.42	78	65	67.5	73	73.5
Change	-	-37.4%	-7.33%	40.75%	-16.67%	3.85%	8.15%	0.68%
Free Cash Flow (FCF) ¹	225	-39.72	-4.202	-45	56	22.2	22.5	51
Change	-	-117.65%	-89.42%	970.92%	-224.44%	-60.36%	1.35%	126.67%
Announcement Date	6/23/20	6/9/21	6/10/22	6/14/23	6/10/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	4.34%	7.63%	7.33%	8.58%	7.18%	7.29%	7.72%	8.4%
EBIT Margin (%)	0.26%	3.61%	3.7%	5.38%	3.8%	3.64%	4.85%	5.44%
EBT Margin (%)	-13.7%	-1.22%	2.33%	4.6%	2.3%	1.67%	3.43%	4.22%
Net margin (%)	-14.6%	-2.24%	1.51%	3.74%	1.63%	0.75%	2.57%	3.3%
FCF margin (%)	9.58%	-2.08%	-0.19%	-1.85%	2.34%	0.93%	0.91%	2%
FCF / Net Income (%)	-65.6%	92.6%	-12.71%	-49.45%	143.59%	123.33%	35.6%	60.61%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	-113.99%	-27.54%	18.83%	8.73%	7.49%	3.3%	11.1%	13.2%
Financial Health
Leverage (Debt/EBITDA)	0.97x	0.46x	-	-	-	-	-	-
Debt / Free cash flow	0.44x	-1.69x	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	4.07%	3.13%	2.54%	3.2%	2.71%	2.82%	2.96%	2.88%
CAPEX / EBITDA (%)	93.65%	40.96%	34.64%	37.32%	37.79%	38.64%	38.42%	34.27%
CAPEX / FCF (%)	42.46%	-150.57%	-1,318.87%	-173.33%	116.07%	304.05%	324.44%	144.12%
Items per share
Cash flow per share ¹	-0.1773	0.0002	-	-	-	-	-	-
Change	-	-100.11%	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	0.6651	0.3583	0.7952	1.689	1.732	1.8	2	2.285
Change	-	-46.13%	121.94%	112.39%	2.53%	3.95%	11.11%	14.25%
EPS ¹	-1.13	-0.14	0.11	0.3	0.13	0.0867	0.2133	0.275
Change	-	-87.61%	-178.57%	172.73%	-56.67%	-33.33%	146.14%	28.91%
Nbr of stocks (in thousands)	304,336	304,336	304,336	304,336	304,336	304,336	304,336	304,336
Announcement Date	6/23/20	6/9/21	6/10/22	6/14/23	6/10/24	-	-	-