Financials OVB Holding AG

Equities

Market Closed - Xetra Other stock markets 11:36:22 2024-04-26 am EDT			5-day change	1st Jan Change
19.5 ^EUR	0.00%		0.00%	+3.72%

Mar. 21	OVB Holding AG Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	OVB Holding AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	252.2	256.5	356.3	313.5	267.9	277.9	-	-
Enterprise Value (EV) ¹	151.3	138.6	227.4	191	267.9	158.7	159.9	277.9
P/E ratio	23 x	24.3 x	22.7 x	21.4 x	18.8 x	18.7 x	16.7 x	14.8 x
Yield	4.24%	5.56%	3.6%	4.09%	-	5%	5.38%	6.15%
Capitalization / Revenue	0.94 x	0.91 x	1.07 x	0.9 x	0.73 x	0.72 x	0.7 x	0.67 x
EV / Revenue	0.56 x	0.49 x	0.69 x	0.55 x	0.73 x	0.41 x	0.4 x	0.67 x
EV / EBITDA	7.22 x	6.35 x	7.71 x	6.26 x	10.3 x	5.62 x	5.13 x	7.69 x
EV / FCF	7.7 x	-	7.25 x	13.7 x	-	14.4 x	13.3 x	21.4 x
FCF Yield	13%	-	13.8%	7.28%	-	6.93%	7.5%	4.68%
Price to Book	2.78 x	2.87 x	3.91 x	3.37 x	-	2.85 x	2.79 x	2.76 x
Nbr of stocks (in thousands)	14,251	14,251	14,251	14,251	14,251	14,251	-	-
Reference price ²	17.70	18.00	25.00	22.00	18.80	19.50	19.50	19.50
Announcement Date	3/30/20	3/17/21	3/23/22	3/29/23	3/21/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	269.1	280.7	331.7	346.9	367.7	387.2	398.7	413.4
EBITDA ¹	20.96	21.84	29.5	30.51	26.08	28.25	31.2	36.15
EBIT ¹	14.08	14.89	21.77	22.01	17.8	19.43	22.08	23.97
Operating Margin	5.23%	5.3%	6.56%	6.34%	4.84%	5.02%	5.54%	5.8%
Earnings before Tax (EBT) ¹	15.39	14.68	22.16	21.41	20.94	21.7	24.23	27.36
Net income ¹	11.01	10.48	15.72	14.67	14.3	14.9	16.7	18.83
Net margin	4.09%	3.74%	4.74%	4.23%	3.89%	3.85%	4.19%	4.56%
EPS ²	0.7700	0.7400	1.100	1.030	1.000	1.043	1.171	1.320
Free Cash Flow ¹	19.66	-	31.35	13.91	-	11	12	13
FCF margin	7.31%	-	9.45%	4.01%	-	2.84%	3.01%	3.15%
FCF Conversion (EBITDA)	93.78%	-	106.26%	45.6%	-	38.94%	38.46%	35.96%
FCF Conversion (Net income)	178.52%	-	199.48%	94.82%	-	73.81%	71.87%	69.04%
Dividend per Share ²	0.7500	1.000	0.9000	0.9000	-	0.9750	1.050	1.200
Announcement Date	3/30/20	3/17/21	3/23/22	3/29/23	3/21/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	101	118	129	122	-	119	118	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	19.7	-	31.3	13.9	-	11	12	13
ROE (net income / shareholders' equity)	12.2%	11.7%	17.4%	15.9%	-	15.4%	16.8%	18.9%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	6.360	6.280	6.390	6.530	-	6.830	6.990	7.070
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	3/30/20	3/17/21	3/23/22	3/29/23	3/21/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.5 EUR

Average target price

25 EUR

Spread / Average Target

+28.21%

	1st Jan change	Capi.
OVB HOLDING AG	+3.72%	297M
BLACKROCK, INC.	-6.03%	113B
UBS GROUP AG	-3.98%	87.91B
APOLLO GLOBAL MANAGEMENT, INC.	+20.42%	63.85B
BROOKFIELD CORPORATION	+5.29%	61.9B
BANK OF NEW YORK MELLON CORPORATION (THE)	+10.12%	42.86B
AMERIPRISE FINANCIAL, INC.	+7.95%	40.84B
3I GROUP PLC	+18.92%	34.58B
T. ROWE PRICE GROUP INC.	+5.88%	25.46B
STATE STREET CORPORATION	-5.25%	22.13B