Financials Mattioli Woods plc

Equities

Market Closed - London S.E. Other stock markets 11:35:22 2024-04-26 am EDT			5-day change	1st Jan Change
792 ^GBX	-0.13%		0.00%	+28.78%

Mar. 15	Amati AIM VCT launches strategic review amid "challenges"	AN
Mar. 14	Amati Aim VCT Considers Expanding Investment Strategy	MT

Fiscal Period: May	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	216.7	192	313.9	361.7	325.4	411.8	-	-
Enterprise Value (EV) ¹	193.5	168.9	294.5	311.3	283.4	369.9	359.7	347.9
P/E ratio	26.4 x	19.5 x	140 x	85.5 x	42.3 x	29.8 x	23.3 x	19.6 x
Yield	2.47%	2.8%	3%	3.68%	4.25%	3.55%	3.81%	4.04%
Capitalization / Revenue	3.71 x	3.29 x	5.01 x	3.34 x	2.93 x	3.34 x	3.12 x	2.93 x
EV / Revenue	3.31 x	2.89 x	4.7 x	2.88 x	2.55 x	3 x	2.73 x	2.47 x
EV / EBITDA	13.3 x	8.94 x	17 x	9.55 x	8.54 x	10.2 x	9.05 x	8.12 x
EV / FCF	-	19.4 x	17.3 x	20.2 x	13.4 x	16.9 x	12.8 x	11.5 x
FCF Yield	-	5.16%	5.77%	4.94%	7.45%	5.91%	7.84%	8.73%
Price to Book	2.52 x	2.1 x	2.27 x	1.52 x	1.41 x	1.78 x	1.75 x	1.7 x
Nbr of stocks (in thousands)	26,753	26,851	44,838	50,943	51,652	51,989	-	-
Reference price ²	8.100	7.150	7.000	7.100	6.300	7.920	7.920	7.920
Announcement Date	9/3/19	9/2/20	9/21/21	9/13/22	9/12/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: May	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	58.46	58.41	62.62	108.2	111.2	123.2	132	140.8
EBITDA ¹	14.55	18.9	17.33	32.6	33.2	36.26	39.76	42.87
EBIT ¹	9.791	12.94	8.034	7.302	21.68	28.2	29.54	34.82
Operating Margin	16.75%	22.16%	12.83%	6.75%	19.5%	22.89%	22.38%	24.74%
Earnings before Tax (EBT) ¹	10.24	13.42	5.148	7.989	11.85	18.82	23.81	27.4
Net income ¹	8.197	10.16	1.419	4.1	7.626	13.41	17.38	20.2
Net margin	14.02%	17.39%	2.27%	3.79%	6.86%	10.88%	13.17%	14.35%
EPS ²	0.3070	0.3660	0.0500	0.0830	0.1490	0.2662	0.3392	0.4050
Free Cash Flow ¹	-	8.716	17.01	15.38	21.12	21.86	28.21	30.37
FCF margin	-	14.92%	27.16%	14.21%	19%	17.75%	21.37%	21.58%
FCF Conversion (EBITDA)	-	46.13%	98.12%	47.17%	63.63%	60.29%	70.95%	70.84%
FCF Conversion (Net income)	-	85.8%	1,198.52%	375.02%	277.01%	163.06%	162.32%	150.33%
Dividend per Share ²	0.2000	0.2000	0.2100	0.2610	0.2680	0.2811	0.3016	0.3199
Announcement Date	9/3/19	9/2/20	9/21/21	9/13/22	9/12/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: May	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	23.2	23.1	19.3	50.4	42	41.9	52	63.8
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	8.72	17	15.4	21.1	21.9	28.2	30.4
ROE (net income / shareholders' equity)	12.1%	14.5%	13.7%	2.61%	-	5.9%	7.8%	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	3.210	3.410	3.080	4.660	4.480	4.460	4.520	4.660
Cash Flow per Share	0.4700	-	-	-	-	-	-	-
Capex ¹	-	0.99	0.64	1	-	2.15	2.25	3.2
Capex / Sales	-	1.7%	1.02%	0.92%	-	1.75%	1.7%	2.27%
Announcement Date	9/3/19	9/2/20	9/21/21	9/13/22	9/12/23	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7.92 GBP

Average target price

8.535 GBP

Spread / Average Target

+7.77%

	1st Jan change	Capi.
MATTIOLI WOODS PLC	+28.78%	513M
BLACKROCK, INC.	-6.03%	113B
UBS GROUP AG	-3.98%	87.91B
APOLLO GLOBAL MANAGEMENT, INC.	+20.96%	63.76B
BROOKFIELD CORPORATION	+5.29%	61.9B
BANK OF NEW YORK MELLON CORPORATION (THE)	+10.12%	42.86B
AMERIPRISE FINANCIAL, INC.	+7.95%	40.84B
3I GROUP PLC	+18.92%	34.58B
T. ROWE PRICE GROUP INC.	+5.88%	25.48B
STATE STREET CORPORATION	-5.25%	22.13B