MAHLE METAL LEVE S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 32.95 BRL | -2.02% |
|
-1.38% | -6.76% |
| Mar. 12 | Transcript : MAHLE Metal Leve S.A., Q4 2023 Earnings Call, Mar 12, 2024 | |
| Mar. 11 | MAHLE Metal Leve S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,695 | 2,691 | 3,952 | 3,948 | 4,790 | 4,466 | - | - |
| Enterprise Value (EV) 1 | 3,929 | 2,651 | 3,853 | 3,935 | 5,288 | 5,050 | 5,034 | 5,001 |
| P/E ratio | 14.3 x | 21.6 x | 6.97 x | 6.98 x | 6.13 x | 7.77 x | 8.05 x | 7.22 x |
| Yield | 2.22% | 2.62% | 13.6% | 9.71% | - | 14.2% | 12.6% | 12% |
| Capitalization / Revenue | 1.46 x | 1.12 x | 1.09 x | 0.93 x | 1.1 x | 1 x | 0.93 x | 0.93 x |
| EV / Revenue | 1.56 x | 1.1 x | 1.07 x | 0.93 x | 1.22 x | 1.13 x | 1.05 x | 1.04 x |
| EV / EBITDA | 8.91 x | 8.95 x | 4.68 x | 4.66 x | 5.76 x | 5.96 x | 5.89 x | 5.53 x |
| EV / FCF | 15.4 x | 6.26 x | 14.2 x | 8.91 x | 7.42 x | 9.12 x | 9.24 x | 8.96 x |
| FCF Yield | 6.49% | 16% | 7.05% | 11.2% | 13.5% | 11% | 10.8% | 11.2% |
| Price to Book | 2.73 x | 2 x | 2.3 x | 2.49 x | 5.26 x | 5.14 x | 4.82 x | 4.41 x |
| Nbr of stocks (in thousands) | 128,309 | 128,309 | 128,309 | 128,309 | 135,539 | 135,539 | - | - |
| Reference price 2 | 28.80 | 20.97 | 30.80 | 30.77 | 35.34 | 32.95 | 32.95 | 32.95 |
| Announcement Date | 3/31/20 | 3/15/21 | 3/14/22 | 3/13/23 | 3/11/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,526 | 2,403 | 3,615 | 4,224 | 4,339 | 4,452 | 4,787 | 4,797 |
| EBITDA 1 | 440.8 | 296.2 | 823.1 | 845 | 917.7 | 847.6 | 855.3 | 903.9 |
| EBIT 1 | 345.4 | 193.6 | 722.7 | 721 | 816.1 | 770.9 | 790.3 | 791.5 |
| Operating Margin | 13.67% | 8.06% | 19.99% | 17.07% | 18.81% | 17.31% | 16.51% | 16.5% |
| Earnings before Tax (EBT) 1 | 304 | 107.6 | 713.8 | 711.9 | 937.9 | 752.6 | 746.7 | 783.9 |
| Net income 1 | 259 | 124.5 | 566.9 | 565.3 | 748.3 | 560 | 541 | 618.6 |
| Net margin | 10.25% | 5.18% | 15.68% | 13.38% | 17.25% | 12.58% | 11.3% | 12.9% |
| EPS 2 | 2.019 | 0.9705 | 4.418 | 4.405 | 5.769 | 4.241 | 4.093 | 4.564 |
| Free Cash Flow 1 | 255 | 423.4 | 271.5 | 441.7 | 712.3 | 554 | 545 | 558 |
| FCF margin | 10.09% | 17.62% | 7.51% | 10.46% | 16.42% | 12.44% | 11.38% | 11.63% |
| FCF Conversion (EBITDA) | 57.85% | 142.95% | 32.99% | 52.28% | 77.62% | 65.36% | 63.72% | 61.74% |
| FCF Conversion (Net income) | 98.46% | 340.09% | 47.9% | 78.14% | 95.19% | 98.93% | 100.74% | 90.2% |
| Dividend per Share 2 | 0.6385 | 0.5504 | 4.203 | 2.989 | - | 4.693 | 4.139 | 3.938 |
| Announcement Date | 3/31/20 | 3/15/21 | 3/14/22 | 3/13/23 | 3/11/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 949.5 | 941.5 | - | 1,019 | 1,199 | 1,116 | 1,022 | 1,179 | 1,016 | 1,047 |
| EBITDA 1 | 185.9 | 164.6 | - | 181.5 | 283 | 202 | 260.1 | 246.5 | 156.9 | 205 |
| EBIT | 171.6 | - | - | - | - | - | - | - | 131.8 | - |
| Operating Margin | 18.07% | - | - | - | - | - | - | - | 12.96% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | 933.3 | - |
| Net income 1 | 139.8 | 130.8 | 123 | 114.9 | 204.3 | 123.1 | 186 | 215.1 | 154.1 | 135 |
| Net margin | 14.73% | 13.89% | - | 11.27% | 17.04% | 11.03% | 18.2% | 18.24% | 15.16% | 12.89% |
| EPS | 1.090 | 1.019 | 0.9591 | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/12/21 | 3/14/22 | 5/11/22 | 8/10/22 | 11/11/22 | 3/13/23 | 5/10/23 | 11/14/23 | 3/11/24 | - |
1BRL in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 234 | - | - | - | 498 | 584 | 568 | 535 |
| Net Cash position 1 | - | 39.9 | 98.7 | 13.3 | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.5311 x | - | - | - | 0.5426 x | 0.6892 x | 0.6637 x | 0.5922 x |
| Free Cash Flow 1 | 255 | 423 | 272 | 442 | 712 | 554 | 545 | 558 |
| ROE (net income / shareholders' equity) | 19.5% | 9.39% | 37% | 34.2% | 59.9% | 66.8% | 57% | 63.8% |
| ROA (Net income/ Total Assets) | 11.2% | 4.86% | 19.8% | 18.6% | 25.1% | 20.9% | 20.2% | 20.3% |
| Assets 1 | 2,322 | 2,562 | 2,869 | 3,037 | 2,979 | 2,682 | 2,680 | 3,051 |
| Book Value Per Share 2 | 10.50 | 10.50 | 13.40 | 12.40 | 6.720 | 6.410 | 6.840 | 7.460 |
| Cash Flow per Share | 2.720 | 3.820 | - | - | - | - | - | - |
| Capex 1 | 93.5 | 67.1 | 86.4 | 96.3 | 78.1 | 110 | 120 | 144 |
| Capex / Sales | 3.7% | 2.79% | 2.39% | 2.28% | 1.8% | 2.47% | 2.51% | 3% |
| Announcement Date | 3/31/20 | 3/15/21 | 3/14/22 | 3/13/23 | 3/11/24 | - | - | - |
1BRL in Million2BRL
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
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
32.95
BRL
Average target price
31.33
BRL
Spread / Average Target
-4.91%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -6.76% | 871M | |
| +21.53% | 39.82B | |
| +64.98% | 10.77B | |
| +62.04% | 5.05B | |
| -14.64% | 2.85B | |
| +6.98% | 2.77B | |
| +33.25% | 2.61B | |
| +1.65% | 2.22B | |
| -6.47% | 1.33B | |
| -9.26% | 1.11B |
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- Financials MAHLE Metal Leve S.A.
