Financials NACON

Equities

NACON

FR0013482791

Software

Market Closed - Euronext Paris Other stock markets 11:35:27 2024-04-26 am EDT			5-day change	1st Jan Change
1.102 ^EUR	+0.18%		+0.36%	-33.93%

Jan. 23	Bigben: upbeat after quarterly sales figures	CF
Jan. 23	NACON : Invest Securities remains Buy on the stock	CF

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	376.1	620.4	470.9	189.3	96.7	-	-
Enterprise Value (EV) ¹	333.3	578.5	481.3	256.5	215.5	237.3	247.7
P/E ratio	24.6 x	34.8 x	45.5 x	15.6 x	6.58 x	6.3 x	4.5 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	2.91 x	3.49 x	3.02 x	1.21 x	0.56 x	0.5 x	0.44 x
EV / Revenue	2.58 x	3.25 x	3.09 x	1.64 x	1.24 x	1.22 x	1.13 x
EV / EBITDA	6.89 x	9.59 x	10.8 x	5.25 x	3.37 x	3.4 x	3 x
EV / FCF	-26.4 x	-826 x	-19.3 x	-7.75 x	-11.2 x	-10.9 x	-23.8 x
FCF Yield	-3.79%	-0.12%	-5.19%	-12.9%	-8.95%	-9.19%	-4.2%
Price to Book	2 x	2.95 x	2.06 x	0.79 x	0.37 x	0.35 x	0.32 x
Nbr of stocks (in thousands)	84,909	84,869	86,248	86,818	87,746	-	-
Reference price ²	4.430	7.310	5.460	2.180	1.102	1.102	1.102
Announcement Date	5/25/20	5/31/21	5/30/22	5/30/23	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	129.4	177.9	155.9	156.4	173.9	195	219.5
EBITDA ¹	48.4	60.3	44.6	48.9	64	69.8	82.7
EBIT ¹	22.6	32.6	19	16.1	17.65	24.18	30.28
Operating Margin	17.47%	18.32%	12.19%	10.29%	10.15%	12.4%	13.79%
Earnings before Tax (EBT)	20	26	-	-	-	-	-
Net income ¹	15.3	18.2	10	12.8	13.42	16.15	20.62
Net margin	11.82%	10.23%	6.41%	8.18%	7.72%	8.28%	9.4%
EPS ²	0.1800	0.2100	0.1200	0.1400	0.1675	0.1750	0.2450
Free Cash Flow ¹	-12.65	-0.7	-25	-33.1	-19.3	-21.8	-10.4
FCF margin	-9.78%	-0.39%	-16.04%	-21.16%	-11.1%	-11.18%	-4.74%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	5/25/20	5/31/21	5/30/22	5/30/23	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q4
Net sales ¹	63.71	33.7	39.2	51.2	31.7	42.4	35.2	41.1	37.7	38.5	32.3	42.6
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/20/20	7/26/21	10/25/21	1/24/22	5/30/22	7/25/22	10/24/22	2/28/23	5/30/23	7/24/23	10/30/23	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	10.4	67.3	119	141	151
Net Cash position ¹	42.8	41.9	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	0.2332 x	1.376 x	1.857 x	2.014 x	1.826 x
Free Cash Flow ¹	-12.7	-0.7	-25	-33.1	-19.3	-21.8	-10.4
ROE (net income / shareholders' equity)	11.9%	9.18%	4.54%	5.42%	4.77%	5.53%	6.77%
ROA (Net income/ Total Assets)	6.81%	-	-	2.63%	1.6%	2.3%	1.7%
Assets ¹	224.6	-	-	486.7	839.1	702.2	1,213
Book Value Per Share ²	2.210	2.480	2.650	2.740	2.960	3.160	3.460
Cash Flow per Share ²	0.6700	0.6500	0.3800	0.5400	0.6900	0.7300	0.9000
Capex ¹	35.3	56.4	57.4	80.4	76.3	78.1	79.3
Capex / Sales	27.25%	31.7%	36.82%	51.44%	43.86%	40.06%	36.11%
Announcement Date	5/25/20	5/31/21	5/30/22	5/30/23	-	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for NACON

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.102 EUR

Average target price

2.34 EUR

Spread / Average Target

+112.34%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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