Financials IT Link

Equities

ALITL

FR0000072597

IT Services & Consulting

Market Closed - Euronext Paris Other stock markets 11:26:00 2024-04-26 am EDT			5-day change	1st Jan Change
31.3 ^EUR	0.00%		+0.32%	+6.83%

Apr. 26	IT Link SA Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Feb. 16	IT Link: nearly 14% increase in annual sales	CF

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	10.98	25.77	20.68	45.01	40.81	52.66	52.66	-
Enterprise Value (EV) ¹	10.98	29.29	15.27	36.65	40.81	49.29	53.56	48.16
P/E ratio	8.48 x	10.5 x	11.9 x	15.9 x	13.5 x	14.7 x	12.9 x	11.6 x
Yield	-	-	-	0.91%	-	1.25%	1.53%	1.73%
Capitalization / Revenue	0.24 x	0.5 x	0.42 x	0.77 x	0.63 x	0.67 x	0.63 x	0.61 x
EV / Revenue	0.24 x	0.56 x	0.31 x	0.62 x	0.63 x	0.67 x	0.64 x	0.56 x
EV / EBITDA	3.86 x	6.35 x	3.57 x	5.77 x	6.74 x	7.49 x	7.34 x	5.95 x
EV / FCF	-	8.84 x	-	-	-	11.5 x	11.6 x	9.09 x
FCF Yield	-	11.3%	-	-	-	8.71%	8.59%	11%
Price to Book	-	1.72 x	-	-	-	0.76 x	0.69 x	0.65 x
Nbr of stocks (in thousands)	1,639	1,636	1,634	1,637	1,693	1,682	1,682	-
Reference price ²	6.700	15.75	12.65	27.50	24.10	31.30	31.30	31.30
Announcement Date	5/1/19	3/31/20	4/30/21	4/30/22	4/28/23	4/26/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	45.02	51.97	49.11	58.75	64.44	73.32	83.8	86.5
EBITDA ¹	2.846	4.61	4.281	6.355	6.052	6.577	7.3	8.1
EBIT ¹	-	3.45	3.15	4.836	4.684	5.374	6.1	6.9
Operating Margin	-	6.64%	6.41%	8.23%	7.27%	7.33%	7.28%	7.98%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income ¹	-	2.58	1.84	2.986	3.078	3.423	4.2	4.7
Net margin	-	4.96%	3.75%	5.08%	4.78%	4.67%	5.01%	5.43%
EPS ²	0.7900	1.500	1.060	1.730	1.780	2.000	2.420	2.700
Free Cash Flow ¹	-	3.313	-	-	-	4.5	4.6	5.3
FCF margin	-	6.37%	-	-	-	6.14%	5.49%	6.13%
FCF Conversion (EBITDA)	-	71.87%	-	-	-	68.18%	63.01%	65.43%
FCF Conversion (Net income)	-	128.41%	-	-	-	132.35%	109.52%	112.77%
Dividend per Share ²	-	-	-	0.2500	-	0.3900	0.4800	0.5400
Announcement Date	5/1/19	3/31/20	4/30/21	4/30/22	4/28/23	4/26/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S1	2019 S2
Net sales ¹	25.41	26.93
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income	-	-
Net margin	-	-
EPS	-	-
Dividend per Share	-	-
Announcement Date	-	3/31/20

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	3.52	-	-	-	-	0.9	-
Net Cash position ¹	-	-	5.4	8.36	-	1	-	4.5
Leverage (Debt/EBITDA)	-	0.7638 x	-	-	-	-	0.1233 x	-
Free Cash Flow ¹	-	3.31	-	-	-	4.5	4.6	5.3
ROE (net income / shareholders' equity)	-	18.9%	11.5%	16.3%	-	13.5%	14.5%	14.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	9.180	-	-	-	41.00	45.30	48.00
Cash Flow per Share ²	1.190	1.960	1.920	4.180	-	2.670	3.120	3.400
Capex ¹	0.51	1.32	-	-	-	0.5	0.5	0.5
Capex / Sales	1.13%	2.54%	-	-	-	0.68%	0.6%	0.58%
Announcement Date	5/1/19	3/31/20	4/30/21	4/30/22	4/28/23	4/26/24	-	-

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

Ratings for IT Link

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

31.3 EUR

Average target price

40 EUR

Spread / Average Target

+27.80%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other IT Services & Consulting

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Other IT Services & Consulting