Financials Nexans

Equities

NEX

FR0000044448

Electrical Components & Equipment

Market Closed - Euronext Paris 11:35:25 2024-04-26 am EDT 5-day change 1st Jan Change
99.2 EUR +2.85% Intraday chart for Nexans +2.01% +25.17%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,890 2,556 3,754 3,648 3,460 4,328 - -
Enterprise Value (EV) 1 2,361 2,735 3,828 3,830 3,674 4,518 4,392 4,237
P/E ratio -15.5 x 33.7 x 23.5 x 15.4 x 16.1 x 15.3 x 13.6 x 11.7 x
Yield - 1.18% 1.4% 2.49% 2.9% 2.61% 2.74% 2.9%
Capitalization / Revenue 0.41 x 0.45 x 0.62 x 0.54 x 0.53 x 0.63 x 0.62 x 0.59 x
EV / Revenue 0.51 x 0.48 x 0.63 x 0.57 x 0.56 x 0.66 x 0.63 x 0.58 x
EV / EBITDA 5.72 x 7.88 x 8.27 x 6.39 x 5.63 x 6.5 x 5.83 x 5.17 x
EV / FCF 38.1 x 11.8 x 19.6 x 15.6 x 11.4 x 25.2 x 15.4 x 13.1 x
FCF Yield 2.63% 8.44% 5.09% 6.42% 8.79% 3.97% 6.51% 7.64%
Price to Book 1.56 x 2.13 x 2.59 x 2.22 x 2.04 x 2.36 x 2.09 x 1.85 x
Nbr of stocks (in thousands) 43,450 43,145 43,730 43,202 43,658 43,634 - -
Reference price 2 43.49 59.25 85.85 84.45 79.25 99.20 99.20 99.20
Announcement Date 2/20/20 2/17/21 2/16/22 2/15/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,605 5,713 6,054 6,745 6,512 6,886 7,024 7,317
EBITDA 1 413 347 463 599 652 695.4 752.7 819.5
EBIT 1 249 193 299 420 432 528.5 546.6 601
Operating Margin 5.41% 3.38% 4.94% 6.23% 6.63% 7.68% 7.78% 8.21%
Earnings before Tax (EBT) 1 -73 192 237 339 292 376.3 433.7 513.8
Net income 1 -122 78 164 245 221 295.9 322.6 371.5
Net margin -2.65% 1.37% 2.71% 3.63% 3.39% 4.3% 4.59% 5.08%
EPS 2 -2.810 1.760 3.660 5.470 4.920 6.465 7.296 8.443
Free Cash Flow 1 62 231 195 246 323 179.3 285.9 323.6
FCF margin 1.35% 4.04% 3.22% 3.65% 4.96% 2.6% 4.07% 4.42%
FCF Conversion (EBITDA) 15.01% 66.57% 42.12% 41.07% 49.54% 25.79% 37.98% 39.49%
FCF Conversion (Net income) - 296.15% 118.9% 100.41% 146.15% 60.6% 88.61% 87.11%
Dividend per Share 2 - 0.7000 1.200 2.100 2.300 2.592 2.717 2.873
Announcement Date 2/20/20 2/17/21 2/16/22 2/15/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 S2
Net sales 1 2,294 2,895 2,818 3,112 1,382 1,560 2,942 1,623 1,778 3,401 1,644 1,700 3,344 3,322 1,599 1,591 - 1,692 1,642 - 1,599 -
EBITDA 218 162 185 222 - - 241 - - 308 - - 291 354 - - 298 - - 201 - 95
EBIT 136 83 110 145 - - 154 - - 220 - - 200 240 - - 192 - - 165.9 - 160.4
Operating Margin 5.93% 2.87% 3.9% 4.66% - - 5.23% - - 6.47% - - 5.98% 7.22% - - - - - - - -
Earnings before Tax (EBT) - -15 - 133 - - 104 - - 250 - - - - - - 113 - - - - -
Net income -6 -55 - 81 - - 83 - - 199 - - 48 134 - - 223 - - 143 - -
Net margin -0.26% -1.9% - 2.6% - - 2.82% - - 5.85% - - 1.44% 4.03% - - - - - - - -
EPS - - - - - - - - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - - - - - - - - -
Announcement Date 2/20/20 7/29/20 2/17/21 7/28/21 11/3/21 2/16/22 2/16/22 4/27/22 7/27/22 7/27/22 10/26/22 2/15/23 2/15/23 7/26/23 10/25/23 2/15/24 2/15/24 4/24/24 - - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 471 179 74 182 214 190 63.4 -
Net Cash position 1 - - - - - - - 91.3
Leverage (Debt/EBITDA) 1.14 x 0.5159 x 0.1598 x 0.3038 x 0.3282 x 0.2726 x 0.0842 x -
Free Cash Flow 1 62 231 195 246 323 179 286 324
ROE (net income / shareholders' equity) 10.3% 6.43% 12.3% 15.8% 13.2% 16.7% 16.6% 17.1%
ROA (Net income/ Total Assets) 2.54% 1.51% 3.03% 4.09% 3.42% 3.98% 4.21% -
Assets 1 -4,803 5,173 5,409 5,994 6,469 7,433 7,673 -
Book Value Per Share 2 27.80 27.90 33.20 38.00 38.80 42.10 47.40 53.60
Cash Flow per Share 2 6.910 10.30 8.950 12.10 15.60 9.790 10.40 14.00
Capex 1 238 225 206 298 377 350 288 241
Capex / Sales 5.17% 3.94% 3.4% 4.42% 5.79% 5.08% 4.09% 3.3%
Announcement Date 2/20/20 2/17/21 2/16/22 2/15/23 2/15/24 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
99.2 EUR
Average target price
106.3 EUR
Spread / Average Target
+7.13%
Consensus

Quarterly revenue - Rate of surprise