Financials Link Administration Holdings Limited

Equities

LNK

AU000000LNK2

Business Support Services

Market Closed - Australian S.E. 02:10:44 2024-04-26 am EDT 5-day change 1st Jan Change
2.24 AUD -0.22% Intraday chart for Link Administration Holdings Limited +0.45% +2.75%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,670 2,174 2,703 1,948 853.8 1,155 - -
Enterprise Value (EV) 1 3,263 3,173 3,375 2,929 1,869 1,847 1,844 1,767
P/E ratio 8.38 x -19.1 x -16.4 x -28.8 x -2.04 x 17.4 x 14.7 x 14 x
Yield 4.1% 2.44% 1.98% 2.9% 5.09% 6.37% 3.46% 3.89%
Capitalization / Revenue 1.9 x 1.77 x 2.33 x 1.66 x 0.7 x 1.07 x 1.11 x 1.09 x
EV / Revenue 2.33 x 2.58 x 2.91 x 2.49 x 1.52 x 1.71 x 1.78 x 1.66 x
EV / EBITDA 9.16 x 10.8 x 13.2 x 11.6 x 6.84 x 6.6 x 7.03 x 6.76 x
EV / FCF 15.6 x 38.5 x 19.4 x 29.1 x 23 x 17.8 x 12.6 x 11.5 x
FCF Yield 6.4% 2.59% 5.15% 3.44% 4.34% 5.62% 7.94% 8.72%
Price to Book 1.24 x 1.14 x 1.55 x 1.28 x 3.49 x 3.09 x 3.03 x 2.77 x
Nbr of stocks (in thousands) 533,951 530,328 536,226 514,091 511,285 515,498 - -
Reference price 2 5.000 4.100 5.040 3.790 1.670 2.240 2.240 2.240
Announcement Date 8/28/19 8/26/20 8/25/21 8/29/22 8/27/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Giugno 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,403 1,230 1,160 1,175 1,228 1,079 1,039 1,061
EBITDA 1 356.1 293.8 256.6 252.3 273.2 279.9 262.4 261.5
EBIT 1 286 179.7 141.4 153.9 178.1 186.6 187.3 191.3
Operating Margin 20.38% 14.61% 12.19% 13.1% 14.5% 17.29% 18.03% 18.03%
Earnings before Tax (EBT) 1 417.5 -101.4 -141.5 -64.6 -474.8 79.8 106.9 101.3
Net income 1 319 -113.9 -162.7 -67.6 -417.7 70.89 75.91 78.38
Net margin 22.73% -9.26% -14.02% -5.75% -34.01% 6.57% 7.31% 7.38%
EPS 2 0.5969 -0.2144 -0.3075 -0.1315 -0.8176 0.1290 0.1528 0.1603
Free Cash Flow 1 209 82.33 173.8 100.8 81.2 103.7 146.3 154.1
FCF margin 14.89% 6.69% 14.98% 8.57% 6.61% 9.61% 14.09% 14.52%
FCF Conversion (EBITDA) 58.69% 28.02% 67.75% 39.93% 29.72% 37.04% 55.76% 58.92%
FCF Conversion (Net income) 65.52% - - - - 146.29% 192.75% 196.61%
Dividend per Share 2 0.2050 0.1000 0.1000 0.1100 0.0850 0.1427 0.0775 0.0872
Announcement Date 8/28/19 8/26/20 8/25/21 8/29/22 8/27/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1 2026 S2
Net sales 1 624.3 606.1 597 563.3 593.7 581.4 592.5 635.7 589.7 519.4 550.8 562.9 561.6 587.2
EBITDA 1 163.4 130.4 137.5 119.1 119 133.3 128.3 144.9 136.9 136.2 - - - -
EBIT 1 109.4 70.27 79.13 62.32 70.24 83.66 80.17 97.93 88.15 96.43 92.77 102.4 96.95 110.8
Operating Margin 17.53% 11.59% 13.25% 11.06% 11.83% 14.39% 13.53% 15.4% 14.95% 18.56% 16.84% 18.19% 17.26% 18.87%
Earnings before Tax (EBT) 1 42.91 -144.3 - - -82.27 - -393.1 -81.67 25.87 20 - - - -
Net income 1 27.59 -141.5 31.27 -194 -81.64 14.04 -409.9 -7.792 -33.97 87.69 - - - -
Net margin 4.42% -23.35% 5.24% -34.43% -13.75% 2.41% -69.19% -1.23% -5.76% 16.88% - - - -
EPS 2 0.0515 -0.2658 0.0582 - -0.1564 - -0.8019 -0.0157 -0.0662 0.0270 - - - -
Dividend per Share 2 0.0650 0.0350 0.0450 0.0550 0.0300 - 0.0800 0.0400 - 0.1600 - - - -
Announcement Date 2/26/20 8/26/20 2/24/21 8/25/21 2/23/22 8/29/22 2/23/23 8/27/23 2/19/24 - - - - -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 593 999 673 981 1,015 692 689 612
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.666 x 3.4 x 2.622 x 3.886 x 3.717 x 2.472 x 2.627 x 2.341 x
Free Cash Flow 1 209 82.3 174 101 81.2 104 146 154
ROE (net income / shareholders' equity) 9.94% 7.09% 6.17% 7.47% 11.3% 23.6% 21.5% 21.6%
ROA (Net income/ Total Assets) 4.55% 3.04% 2.62% 2.95% 2.85% 3.54% 3.76% 3.89%
Assets 1 7,008 -3,747 -6,203 -2,290 -14,682 2,000 2,020 2,013
Book Value Per Share 2 4.040 3.600 3.240 2.950 0.4800 0.7300 0.7400 0.8100
Cash Flow per Share 2 0.3300 0.3800 0.3300 0.3200 0.3200 0.2600 0.3400 0.3500
Capex 1 80.7 107 41.1 69.2 80.7 73 63 62
Capex / Sales 5.75% 8.72% 3.54% 5.89% 6.57% 6.76% 6.07% 5.84%
Announcement Date 8/28/19 8/26/20 8/25/21 8/29/22 8/27/23 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
2.24 AUD
Average target price
2.201 AUD
Spread / Average Target
-1.76%
Consensus
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