Financials Montagne et Neige Développement

Equities

Market Closed - Euronext Paris Other stock markets 11:27:19 2024-04-26 am EDT			5-day change	1st Jan Change
0.798 ^EUR	0.00%		+0.50%	-0.50%

Apr. 24	Mandalay Resources Says Extended The Storheden Gold Deposit Adjacent To The Operating Bjorkdal Mine	MT
Apr. 08	Mandalay Resources First-Quarter Gold Production Climbs by 25%	MT

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	16.94	17.02	6.78	110.1	56.52	-	-
Enterprise Value (EV) ¹	16.94	108.5	118.5	148.8	82.72	77.72	72.72
P/E ratio	-0.13 x	-60 x	-0.49 x	-3.03 x	-	13.3 x	7.25 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	-	0.42 x	0.09 x	1.17 x	0.64 x	0.54 x	0.45 x
EV / Revenue	-	2.65 x	1.6 x	1.58 x	0.94 x	0.74 x	0.57 x
EV / EBITDA	-	41.4 x	18.8 x	21 x	31.8 x	13 x	5.86 x
EV / FCF	-	-	-	-	75.2 x	51.8 x	14.3 x
FCF Yield	-	-	-	-	1.33%	1.93%	7.01%
Price to Book	-	-	-	-	2.49 x	2.1 x	1.63 x
Nbr of stocks (in thousands)	1,303	2,365	2,511	70,816	70,824	-	-
Reference price ²	13.00	7.200	2.700	1.555	0.7980	0.7980	0.7980
Announcement Date	11/18/20	10/28/21	8/17/22	10/27/23	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	41	74.1	94	88	105.6	126.7
EBITDA ¹	-	2.624	6.3	7.1	2.6	6	12.4
EBIT ¹	-	-7.2	-1.2	-10.7	2.5	6	9.4
Operating Margin	-	-17.56%	-1.62%	-11.38%	2.84%	5.68%	7.42%
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income ¹	-56.41	-18.88	-13.9	-36.7	0.1	4	7.8
Net margin	-	-46.06%	-18.76%	-39.04%	0.11%	3.79%	6.16%
EPS ²	-100.0	-0.1200	-5.520	-0.5130	-	0.0600	0.1100
Free Cash Flow ¹	-	-	-	-	1.1	1.5	5.1
FCF margin	-	-	-	-	1.25%	1.42%	4.03%
FCF Conversion (EBITDA)	-	-	-	-	42.31%	25%	41.13%
FCF Conversion (Net income)	-	-	-	-	1,100%	37.5%	65.38%
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	11/18/20	10/28/21	8/17/22	10/27/23	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: Juni	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	91.5	112	38.7	26.2	21.2	16.2
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	34.88 x	17.73 x	5.454 x	10.08 x	3.533 x	1.306 x
Free Cash Flow ¹	-	-	-	-	1.1	1.5	5.1
ROE (net income / shareholders' equity)	-	-	-	-	0.6%	14.9%	22.6%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	-	-	0.3200	0.3800	0.4900
Cash Flow per Share ²	-	-0.0400	-1.370	-	0.0700	0.1400	0.2100
Capex ¹	-	-	-	-	4.5	4.5	4.5
Capex / Sales	-	-	-	-	5.11%	4.26%	3.55%
Announcement Date	11/18/20	10/28/21	8/17/22	10/27/23	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

0.798 EUR

Average target price

0.8 EUR

Spread / Average Target

+0.25%

	1st Jan change	Capi.
MONTAGNE ET NEIGE DÉVELOPPEMENT	-0.50%	60.34M
NETLINK NBN TRUST	+1.19%	2.43B
JIANGSU BROADCASTING CABLE INFORMATION NETWORK CORPORATION LIMITED	-4.46%	2.07B
MOSCOW CITY TELEPHONE NETWORK	-.--%	1.27B
AUSSIE BROADBAND LIMITED	-7.44%	695M
MOBILE TELECOMMUNICATIONS LIMITED	+1.18%	307M
MAHANAGAR TELEPHONE NIGAM LIMITED	+11.65%	284M
TELE COLUMBUS AG	+26.42%	212M
IPS, INC.	+9.56%	187M
TATTELECOM	-.--%	112M