SABAF S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.45 EUR | -1.41% |
|
+5.12% | +0.52% |
| Mar. 19 | Transcript : Sabaf S.p.A., 2023 Earnings Call, Mar 19, 2024 | |
| Mar. 19 | Sabaf, indicators down in 2023 but good performance in Q3 | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 147.7 | 168.4 | 269.3 | 187.3 | 216 | 217.2 | - | - |
| Enterprise Value (EV) 1 | 202.8 | 224.7 | 336.9 | 271.6 | 216 | 272.1 | 262.1 | 247.2 |
| P/E ratio | 15 x | 12.1 x | 11.3 x | 12.3 x | - | 14.9 x | 11.4 x | 9.96 x |
| Yield | - | 3.65% | 2.5% | - | - | 3.21% | 3.27% | 3.3% |
| Capitalization / Revenue | 0.95 x | 0.91 x | 1.02 x | 0.74 x | 0.91 x | 0.79 x | 0.74 x | 0.71 x |
| EV / Revenue | 1.3 x | 1.22 x | 1.28 x | 1.07 x | 0.91 x | 1 x | 0.9 x | 0.81 x |
| EV / EBITDA | 7.5 x | 6.06 x | 6.22 x | 6.78 x | 7.3 x | 6.15 x | 5.08 x | 4.37 x |
| EV / FCF | 7.01 x | 28.9 x | -629 x | 80.1 x | - | 16.5 x | 15.6 x | 11 x |
| FCF Yield | 14.3% | 3.46% | -0.16% | 1.25% | - | 6.05% | 6.41% | 9.12% |
| Price to Book | 1.34 x | 1.49 x | 2.22 x | 1.21 x | - | 1.22 x | 1.15 x | 1.06 x |
| Nbr of stocks (in thousands) | 11,019 | 11,189 | 11,222 | 11,227 | 12,445 | 12,445 | - | - |
| Reference price 2 | 13.40 | 15.05 | 24.00 | 16.68 | 17.36 | 17.45 | 17.45 | 17.45 |
| Announcement Date | 2/11/20 | 2/11/21 | 2/10/22 | 2/16/23 | 3/19/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 155.9 | 184.9 | 263.3 | 253.1 | 237.9 | 273.2 | 292.6 | 306.6 |
| EBITDA 1 | 27.03 | 37.1 | 54.14 | 40.09 | 29.61 | 44.25 | 51.6 | 56.5 |
| EBIT 1 | 11.85 | 20.09 | 37.27 | 21.83 | 9.546 | 23.35 | 30.1 | 33.4 |
| Operating Margin | 7.6% | 10.87% | 14.16% | 8.63% | 4.01% | 8.55% | 10.29% | 10.89% |
| Earnings before Tax (EBT) 1 | 9.776 | 14.51 | 29.68 | 13.22 | -0.006 | 20 | 25 | 28 |
| Net income 1 | 10.3 | 13.96 | 23.9 | 15.67 | 3.103 | 14.5 | 19.5 | 22.15 |
| Net margin | 6.6% | 7.55% | 9.08% | 6.19% | 1.3% | 5.31% | 6.66% | 7.22% |
| EPS 2 | 0.8950 | 1.240 | 2.132 | 1.355 | - | 1.172 | 1.528 | 1.752 |
| Free Cash Flow 1 | 28.92 | 7.771 | -0.536 | 3.392 | - | 16.45 | 16.8 | 22.55 |
| FCF margin | 18.55% | 4.2% | -0.2% | 1.34% | - | 6.02% | 5.74% | 7.35% |
| FCF Conversion (EBITDA) | 106.97% | 20.95% | - | 8.46% | - | 37.18% | 32.56% | 39.91% |
| FCF Conversion (Net income) | 280.87% | 55.66% | - | 21.64% | - | 113.45% | 86.15% | 101.81% |
| Dividend per Share 2 | - | 0.5500 | 0.6000 | - | - | 0.5600 | 0.5700 | 0.5750 |
| Announcement Date | 2/11/20 | 2/11/21 | 2/10/22 | 2/16/23 | 3/19/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 78.16 | - | 63.11 | 62.49 | 70.85 | 74.83 | 145.7 | 55.94 | 51.43 | 67.94 | 61.04 | 69.1 |
| EBITDA 1 | 13.28 | - | 11.98 | 9.971 | 13.02 | 13.86 | 26.89 | 6.57 | 6.636 | 8.77 | 7.466 | 10.2 |
| EBIT 1 | 4.78 | - | 7.617 | 5.694 | 9.085 | 8.96 | 18.04 | 1.979 | 2.044 | 6.017 | 2.247 | 4.9 |
| Operating Margin | 6.12% | - | 12.07% | 9.11% | 12.82% | 11.97% | 12.39% | 3.54% | 3.97% | 8.86% | 3.68% | 7.09% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | 16.75 | - | - | - | - | - | - | 2.577 | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | 5.01% | - | - | - |
| EPS | - | 1.496 | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/6/20 | 8/26/21 | 11/11/21 | 2/10/22 | 5/12/22 | 8/4/22 | 8/4/22 | 11/10/22 | 2/16/23 | 11/14/23 | 3/19/24 | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 55.1 | 56.3 | 67.6 | 84.4 | - | 55 | 45 | 30 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.039 x | 1.518 x | 1.249 x | 2.104 x | - | 1.242 x | 0.8711 x | 0.531 x |
| Free Cash Flow 1 | 28.9 | 7.77 | -0.54 | 3.39 | - | 16.5 | 16.8 | 22.6 |
| ROE (net income / shareholders' equity) | 8.87% | 12.3% | 20.4% | 11.3% | - | 9.8% | 11.8% | 12.5% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 10.00 | 10.10 | 10.80 | 13.80 | - | 14.30 | 15.20 | 16.40 |
| Cash Flow per Share | - | - | 2.070 | 2.100 | - | - | - | - |
| Capex 1 | 12 | 17.3 | 23.8 | 20.9 | - | 14.4 | 16.9 | 17.7 |
| Capex / Sales | 7.71% | 9.35% | 9.02% | 8.24% | - | 5.25% | 5.76% | 5.76% |
| Announcement Date | 2/11/20 | 2/11/21 | 2/10/22 | 2/16/23 | 3/19/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
17.45
EUR
Average target price
22.5
EUR
Spread / Average Target
+28.94%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +0.52% | 232M | |
| +22.79% | 28.64B | |
| +35.11% | 6.93B | |
| +81.37% | 6.43B | |
| +0.22% | 3.3B | |
| +30.89% | 3.14B | |
| +2.91% | 3.06B | |
| -0.02% | 3.04B | |
| +4.27% | 2.96B | |
| -1.92% | 2.96B |
- Stock Market
- Equities
- SAB Stock
- Financials Sabaf S.p.A.
