ORSERO S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.3 EUR | +2.00% |
|
+5.61% | -15.68% |
| Apr. 23 | IVS bullish; profit taking on Tessellis. | AN |
| Mar. 14 | Transcript : Orsero S.p.A., 2023 Earnings Call, Mar 14, 2024 |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 126.4 | 108 | 109.7 | 206 | 229.2 | 242.1 | 242.1 | - |
| Enterprise Value (EV) 1 | 162.4 | 234.9 | 213 | 290.3 | 296.6 | 287.1 | 349.6 | 330.1 |
| P/E ratio | 16.4 x | 55.3 x | 8.87 x | 11.3 x | 7.13 x | 6.17 x | 8.5 x | 8.15 x |
| Yield | 1.59% | 1.88% | 3.19% | 2.53% | 2.63% | 3.63% | 3.61% | 3.43% |
| Capitalization / Revenue | 0.13 x | 0.11 x | 0.11 x | 0.19 x | 0.19 x | 0.19 x | 0.15 x | 0.15 x |
| EV / Revenue | 0.17 x | 0.23 x | 0.2 x | 0.27 x | 0.25 x | 0.19 x | 0.22 x | 0.21 x |
| EV / EBITDA | 4.94 x | 6.07 x | 4.4 x | 5.48 x | 3.9 x | 2.68 x | 4.2 x | 3.93 x |
| EV / FCF | 9.61 x | -25 x | 7.89 x | 12.2 x | 11.6 x | -12.7 x | 9.92 x | 9.17 x |
| FCF Yield | 10.4% | -4.01% | 12.7% | 8.22% | 8.59% | -7.85% | 10.1% | 10.9% |
| Price to Book | 0.86 x | 0.72 x | 0.68 x | 1.17 x | 1.14 x | 1.09 x | 0.97 x | 0.86 x |
| Nbr of stocks (in thousands) | 16,970 | 16,930 | 17,530 | 17,380 | 17,205 | 16,929 | 16,929 | - |
| Reference price 2 | 7.450 | 6.380 | 6.260 | 11.85 | 13.32 | 14.30 | 14.30 | 14.30 |
| Announcement Date | 3/21/19 | 3/11/20 | 3/16/21 | 3/15/22 | 3/14/23 | 3/13/24 | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 952.8 | 1,006 | 1,042 | 1,070 | 1,196 | 1,541 | 1,581 | 1,599 |
| EBITDA 1 | 32.9 | 38.7 | 48.4 | 52.93 | 76.06 | 107.1 | 83.16 | 84.04 |
| EBIT 1 | 17.5 | 13 | 22.4 | 25.5 | 45.7 | 72.8 | 47.86 | 49.1 |
| Operating Margin | 1.84% | 1.29% | 2.15% | 2.38% | 3.82% | 4.72% | 3.03% | 3.07% |
| Earnings before Tax (EBT) 1 | 11.24 | 5.465 | 16.68 | 20.84 | 36.13 | 56.12 | 38.68 | 40 |
| Net income 1 | 7.974 | 2.022 | 12.22 | 18.29 | 32.26 | 47.28 | 29.82 | 31.04 |
| Net margin | 0.84% | 0.2% | 1.17% | 1.71% | 2.7% | 3.07% | 1.89% | 1.94% |
| EPS 2 | 0.4554 | 0.1153 | 0.7060 | 1.045 | 1.867 | 2.748 | 1.683 | 1.755 |
| Free Cash Flow 1 | 16.89 | -9.415 | 27.01 | 23.86 | 25.48 | -28.9 | 35.25 | 36 |
| FCF margin | 1.77% | -0.94% | 2.59% | 2.23% | 2.13% | -1.88% | 2.23% | 2.25% |
| FCF Conversion (EBITDA) | 51.35% | - | 55.81% | 45.08% | 33.5% | - | 42.39% | 42.83% |
| FCF Conversion (Net income) | 211.86% | - | 221.1% | 130.45% | 78.97% | - | 118.19% | 115.96% |
| Dividend per Share 2 | 0.1183 | 0.1200 | 0.2000 | 0.3000 | 0.3500 | 0.5190 | 0.5167 | 0.4900 |
| Announcement Date | 3/21/19 | 3/11/20 | 3/16/21 | 3/15/22 | 3/14/23 | 3/13/24 | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 272.8 | 513.1 | 275.9 | 280.8 | 264 | 312.2 | 576.2 | 318.1 | 302 | 347.3 | 416.1 | 763.4 | 399.3 | 378.1 |
| EBITDA 1 | 12.79 | 26.59 | 15.23 | 11.11 | 17.67 | 22.58 | 40.25 | 18.16 | 17.64 | 26.23 | 32.99 | 59.22 | - | 17.75 |
| EBIT 1 | 5.295 | 12.6 | 8.803 | 4.102 | 10.63 | 15.36 | 25.99 | 10.46 | 9.253 | 18.22 | 24.6 | 42.82 | - | 8.622 |
| Operating Margin | 1.94% | 2.45% | 3.19% | 1.46% | 4.03% | 4.92% | 4.51% | 3.29% | 3.06% | 5.25% | 5.91% | 5.61% | - | 2.28% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | 3.1 | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | 1.1% | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 9/13/21 | 9/13/21 | 11/10/21 | 3/15/22 | 5/12/22 | 9/12/22 | 9/12/22 | 11/10/22 | 3/14/23 | 5/15/23 | 9/13/23 | 9/13/23 | 11/14/23 | 3/13/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 36 | 127 | 103 | 84.3 | 67.4 | 126 | 108 | 88 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.094 x | 3.279 x | 2.134 x | 1.593 x | 0.8862 x | 1.153 x | 1.293 x | 1.047 x |
| Free Cash Flow 1 | 16.9 | -9.42 | 27 | 23.9 | 25.5 | -28.9 | 35.3 | 36 |
| ROE (net income / shareholders' equity) | 8.08% | 3.53% | 7.89% | 10.9% | 17.1% | 23% | 11.9% | 11.3% |
| ROA (Net income/ Total Assets) | 2.87% | - | 2.55% | 3.86% | 3.65% | 19.1% | 9.8% | 9% |
| Assets 1 | 277.8 | - | 479 | 473.8 | 883.7 | 275.7 | 304.3 | 344.9 |
| Book Value Per Share 2 | 8.700 | 8.870 | 9.190 | 10.10 | 11.70 | 13.20 | 14.70 | 16.70 |
| Cash Flow per Share 2 | 1.820 | 1.450 | 2.200 | 3.150 | 3.180 | 4.100 | 3.160 | 3.060 |
| Capex 1 | 15 | 34.9 | 36.7 | 28.5 | 29.4 | 15 | 22 | 17 |
| Capex / Sales | 1.57% | 3.47% | 3.53% | 2.67% | 2.46% | 0.98% | 1.39% | 1.06% |
| Announcement Date | 3/21/19 | 3/11/20 | 3/16/21 | 3/15/22 | 3/14/23 | 3/13/24 | - | - |
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
BUY
Number of Analysts
3
Last Close Price
14.3
EUR
Average target price
24.67
EUR
Spread / Average Target
+72.49%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -15.68% | 258M | |
| -0.24% | 7.58B | |
| 0.00% | 2.23B | |
| +55.77% | 1.84B | |
| +14.03% | 1.34B | |
| +72.08% | 1.13B | |
| -1.52% | 967M | |
| +5.92% | 851M | |
| -10.59% | 669M | |
| -12.14% | 560M |
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- Financials Orsero S.p.A.
