NEXITY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.22 EUR | +7.18% |
|
+7.98% | -39.35% |
| Apr. 26 | NEXITY : Bookings down by 29% in Q1 24 |  |
| Apr. 26 | Nexity: sales down 14% in Q1 | CF |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,477 | 1,947 | 2,287 | 1,446 | 931.6 | 564.8 | - | - |
| Enterprise Value (EV) 1 | 4,379 | 2,962 | 3,511 | 3,045 | 931.6 | 1,873 | 1,841 | 1,818 |
| P/E ratio | 15.4 x | 16.6 x | 7.07 x | 7.66 x | 48.1 x | -11 x | 11.2 x | 5.55 x |
| Yield | 4.47% | 5.64% | 6.05% | 9.59% | - | - | 7.34% | 7.34% |
| Capitalization / Revenue | 0.55 x | 0.4 x | 0.47 x | 0.31 x | 0.22 x | 0.16 x | 0.16 x | 0.14 x |
| EV / Revenue | 0.97 x | 0.61 x | 0.73 x | 0.65 x | 0.22 x | 0.53 x | 0.51 x | 0.46 x |
| EV / EBITDA | 7.64 x | 5.39 x | 6.53 x | 5.56 x | 2.26 x | 7.33 x | 4.83 x | 3.97 x |
| EV / FCF | 15.7 x | -10.4 x | -16.1 x | 45 x | - | -20.7 x | 14.7 x | 10.5 x |
| FCF Yield | 6.38% | -9.61% | -6.23% | 2.22% | - | -4.82% | 6.82% | 9.5% |
| Price to Book | 1.44 x | 1.15 x | 1.2 x | 0.74 x | - | 0.31 x | 0.3 x | 0.3 x |
| Nbr of stocks (in thousands) | 55,314 | 54,909 | 55,325 | 55,492 | 55,288 | 55,261 | - | - |
| Reference price 2 | 44.78 | 35.46 | 41.34 | 26.06 | 16.85 | 10.22 | 10.22 | 10.22 |
| Announcement Date | 2/25/20 | 2/24/21 | 2/23/22 | 2/22/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,499 | 4,855 | 4,836 | 4,704 | 4,273 | 3,510 | 3,623 | 3,940 |
| EBITDA 1 | 572.9 | 549.7 | 537.9 | 547.4 | 412 | 255.4 | 381.2 | 457.6 |
| EBIT 1 | 353.2 | 285.3 | 370.6 | 366.6 | 246 | 75.05 | 192.7 | 270.9 |
| Operating Margin | 7.85% | 5.88% | 7.66% | 7.79% | 5.76% | 2.14% | 5.32% | 6.88% |
| Earnings before Tax (EBT) 1 | 272.9 | 199.8 | 440.2 | 300.3 | 137 | 184 | 156 | - |
| Net income 1 | 160.7 | 118.1 | 324.9 | 187.8 | 19 | -51.88 | 51.2 | 103.5 |
| Net margin | 3.57% | 2.43% | 6.72% | 3.99% | 0.44% | -1.48% | 1.41% | 2.63% |
| EPS 2 | 2.900 | 2.140 | 5.850 | 3.400 | 0.3500 | -0.9275 | 0.9120 | 1.840 |
| Free Cash Flow 1 | 279.5 | -284.7 | -218.6 | 67.6 | - | -90.35 | 125.5 | 172.6 |
| FCF margin | 6.21% | -5.86% | -4.52% | 1.44% | - | -2.57% | 3.46% | 4.38% |
| FCF Conversion (EBITDA) | 48.79% | - | - | 12.35% | - | - | 32.92% | 37.71% |
| FCF Conversion (Net income) | 173.93% | - | - | 36% | - | - | 245.07% | 166.71% |
| Dividend per Share 2 | 2.000 | 2.000 | 2.500 | 2.500 | - | - | 0.7500 | 0.7500 |
| Announcement Date | 2/25/20 | 2/24/21 | 2/23/22 | 2/22/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,716 | 2,064 | 1,013 | 1,548 | 895 | 1,069 | 1,964 | 991 | 1,750 | - | 895 | 1,148 | 2,043 | 915 | 1,315 | - | 770 |
| EBITDA | - | 163.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 227.8 | 50.2 | 136 | - | - | - | - | 110.1 | - | - | 256 | - | - | 82.3 | - | - | 163.7 | - |
| Operating Margin | - | 2.93% | 6.59% | - | - | - | - | 5.61% | - | - | - | - | - | 4.03% | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | 6.6 | 283.2 | - | - | - | - | 59 | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | 0.38% | 13.72% | - | - | - | - | 3% | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/25/20 | 7/28/20 | 7/27/21 | 10/26/21 | 2/23/22 | 4/27/22 | 7/27/22 | 7/27/22 | 10/26/22 | 2/22/23 | 2/22/23 | 4/26/23 | 7/26/23 | 7/26/23 | 10/25/23 | 2/28/24 | 2/28/24 | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,902 | 1,015 | 1,224 | 1,599 | - | 1,308 | 1,276 | 1,253 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.32 x | 1.847 x | 2.276 x | 2.921 x | - | 5.121 x | 3.347 x | 2.738 x |
| Free Cash Flow 1 | 279 | -285 | -219 | 67.6 | - | -90.4 | 125 | 173 |
| ROE (net income / shareholders' equity) | 9.18% | 6.79% | 17.8% | 9.62% | - | -3.6% | 3.47% | 5.25% |
| ROA (Net income/ Total Assets) | 2.06% | - | - | 5.47% | - | - | 1% | 1.6% |
| Assets 1 | 7,794 | - | - | 3,436 | - | - | 5,120 | 6,471 |
| Book Value Per Share 2 | 31.10 | 30.80 | 34.40 | 35.20 | - | 33.00 | 34.30 | 34.10 |
| Cash Flow per Share 2 | 6.000 | -2.980 | 5.760 | 6.770 | - | -0.6200 | 2.450 | - |
| Capex 1 | 68.8 | 73.4 | 53.4 | 68.8 | - | 70 | 66.7 | 136 |
| Capex / Sales | 1.53% | 1.51% | 1.1% | 1.46% | - | 1.99% | 1.84% | 3.45% |
| Announcement Date | 2/25/20 | 2/24/21 | 2/23/22 | 2/22/23 | 2/28/24 | - | - | - |
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
OUTPERFORM
Number of Analysts
5
Last Close Price
10.22
EUR
Average target price
14.74
EUR
Spread / Average Target
+44.23%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -39.35% | 603M | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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