MARR S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.16 EUR | +2.18% |
|
+7.99% | +5.92% |
| Apr. 23 | Futures up; wait for Eurozone PMI | AN |
| Apr. 22 | Mib bearish; DiaSorin closes ahead of all | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,354 | 1,122 | 1,257 | 758.4 | 755.1 | 797.1 | - | - |
| Enterprise Value (EV) 1 | 1,550 | 1,314 | 1,405 | 975.9 | 978.5 | 1,076 | 1,096 | 1,145 |
| P/E ratio | 20.4 x | -422 x | 35.7 x | 28.5 x | 15.9 x | 16.2 x | 13.2 x | - |
| Yield | 3.93% | - | 4.34% | 3.33% | 5.23% | 4.84% | 6.02% | 5.92% |
| Capitalization / Revenue | 0.8 x | 1.04 x | 0.86 x | 0.39 x | 0.36 x | 0.37 x | 0.36 x | 0.34 x |
| EV / Revenue | 0.91 x | 1.22 x | 0.96 x | 0.51 x | 0.47 x | 0.5 x | 0.49 x | 0.49 x |
| EV / EBITDA | 12.1 x | 33.3 x | 15.5 x | 11.9 x | 7.95 x | 7.97 x | 7.34 x | 7.11 x |
| EV / FCF | 22.6 x | 63.2 x | 12.7 x | -49.1 x | 22.7 x | -30.3 x | 65.1 x | 28.6 x |
| FCF Yield | 4.42% | 1.58% | 7.87% | -2.04% | 4.4% | -3.3% | 1.54% | 3.49% |
| Price to Book | 3.98 x | 3.32 x | 3.6 x | 2.22 x | - | 2.25 x | 2.02 x | - |
| Nbr of stocks (in thousands) | 66,525 | 66,525 | 66,525 | 66,525 | 65,772 | 65,553 | - | - |
| Reference price 2 | 20.35 | 16.86 | 18.90 | 11.40 | 11.48 | 12.16 | 12.16 | 12.16 |
| Announcement Date | 3/13/20 | 3/15/21 | 3/15/22 | 3/14/23 | 3/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,696 | 1,074 | 1,456 | 1,931 | 2,086 | 2,143 | 2,221 | 2,334 |
| EBITDA 1 | 128.5 | 39.4 | 90.5 | 82.07 | 123.1 | 134.9 | 149.2 | 161 |
| EBIT 1 | 99.1 | 2.8 | 57.6 | 46.24 | 84.91 | 94.46 | 104.1 | 114 |
| Operating Margin | 5.84% | 0.26% | 3.96% | 2.39% | 4.07% | 4.41% | 4.68% | 4.88% |
| Earnings before Tax (EBT) 1 | 93.2 | -2.7 | 49.6 | 37.59 | 66.92 | 76.54 | 87.08 | - |
| Net income 1 | 66.6 | -2.4 | 35.1 | 26.55 | 47.13 | 54.01 | 61.38 | - |
| Net margin | 3.93% | -0.22% | 2.41% | 1.38% | 2.26% | 2.52% | 2.76% | - |
| EPS 2 | 1.000 | -0.0400 | 0.5300 | 0.4000 | 0.7200 | 0.7514 | 0.9240 | - |
| Free Cash Flow 1 | 68.53 | 20.78 | 110.6 | -19.88 | 43.06 | -35.5 | 16.83 | 40 |
| FCF margin | 4.04% | 1.94% | 7.59% | -1.03% | 2.06% | -1.66% | 0.76% | 1.71% |
| FCF Conversion (EBITDA) | 53.33% | 52.74% | 122.21% | - | 34.98% | - | 11.28% | 24.84% |
| FCF Conversion (Net income) | 102.89% | - | 315.11% | - | 91.36% | - | 27.43% | - |
| Dividend per Share 2 | 0.8000 | - | 0.8200 | 0.3800 | 0.6000 | 0.5884 | 0.7320 | 0.7200 |
| Announcement Date | 3/13/20 | 3/15/21 | 3/15/22 | 3/14/23 | 3/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 447.1 | 534.9 | 379.4 | 325.8 | 527.9 | 853.7 | 620.7 | 435.5 | 426.6 | 576.6 | 1,003 | 623.2 | 459 | 424 |
| EBITDA | 0.5 | 48.2 | 19 | 5.055 | 29.94 | 35 | 32.4 | 14.57 | 14.8 | 38.6 | 53.4 | 46.3 | 23.4 | - |
| EBIT | -16.4 | 39.02 | 11.5 | -2.493 | 20.8 | 18.31 | 21.9 | - | - | 28.58 | - | 35.88 | 14.29 | - |
| Operating Margin | -3.67% | 7.3% | 3.03% | -0.77% | 3.94% | 2.15% | 3.53% | - | - | 4.96% | - | 5.76% | 3.11% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | 27.2 | - | - | 13.4 | - | 14.2 | - | - | 17.2 | 18.67 | 21.88 | - | 1.6 |
| Net margin | - | 5.09% | - | - | 2.54% | - | 2.29% | - | - | 2.98% | 1.86% | 3.51% | - | 0.38% |
| EPS | - | - | - | - | 0.2000 | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/3/20 | 11/12/21 | 3/15/22 | 5/13/22 | 8/5/22 | 8/5/22 | 11/14/22 | 3/14/23 | 5/12/23 | 8/4/23 | 8/4/23 | 11/15/23 | 3/13/24 | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 196 | 192 | 147 | 218 | 223 | 279 | 299 | 348 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.525 x | 4.881 x | 1.627 x | 2.651 x | 1.815 x | 2.066 x | 2.001 x | 2.161 x |
| Free Cash Flow 1 | 68.5 | 20.8 | 111 | -19.9 | 43.1 | -35.5 | 16.8 | 40 |
| ROE (net income / shareholders' equity) | 20.1% | -0.71% | 10.2% | 7.68% | 13.5% | 15% | 15.8% | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 5.110 | 5.080 | 5.250 | 5.140 | - | 5.410 | 6.010 | - |
| Cash Flow per Share 2 | 1.180 | 0.4600 | 1.840 | -0.1200 | - | 1.430 | - | - |
| Capex 1 | 9.77 | 13.7 | 11.1 | 11.9 | 26.6 | 101 | 62.8 | 33 |
| Capex / Sales | 0.58% | 1.27% | 0.76% | 0.61% | 1.27% | 4.7% | 2.83% | 1.41% |
| Announcement Date | 3/13/20 | 3/15/21 | 3/15/22 | 3/14/23 | 3/13/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
12.16
EUR
Average target price
14.9
EUR
Spread / Average Target
+22.53%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +5.92% | 851M | |
| -0.24% | 7.58B | |
| 0.00% | 2.23B | |
| +55.77% | 1.84B | |
| +14.03% | 1.34B | |
| +72.08% | 1.13B | |
| -1.52% | 967M | |
| -10.59% | 669M | |
| -12.14% | 560M | |
| -1.36% | 523M |
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