SAFILO GROUP S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.146 EUR | +3.99% |
|
+6.70% | +25.38% |
| Apr. 24 | Safilo shareholders appoint new board of directors and authorize buyback plan | AN |
| Apr. 15 | Milan rises; Israel will not respond to Tehran | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 307.1 | 219.7 | 650.9 | 629.6 | 378.2 | 474.2 | - | - |
| Enterprise Value (EV) 1 | 334.9 | 398.7 | 744.9 | 743 | 378.2 | 519.2 | 508.2 | 453.2 |
| P/E ratio | -0.94 x | -3.16 x | 22.5 x | 11.7 x | -15.2 x | 16.3 x | 14.4 x | 10.8 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.33 x | 0.28 x | 0.67 x | 0.58 x | 0.37 x | 0.46 x | 0.44 x | 0.42 x |
| EV / Revenue | 0.36 x | 0.51 x | 0.77 x | 0.69 x | 0.37 x | 0.5 x | 0.47 x | 0.4 x |
| EV / EBITDA | 5.12 x | 399 x | 8.77 x | 7.34 x | 4.11 x | 5.18 x | 4.45 x | 3.62 x |
| EV / FCF | -20.6 x | -19.4 x | -276 x | -45 x | - | 16.9 x | 17.1 x | 9.98 x |
| FCF Yield | -4.86% | -5.15% | -0.36% | -2.22% | - | 5.92% | 5.84% | 10% |
| Price to Book | 0.9 x | 1.49 x | 1.99 x | 1.54 x | - | 1.15 x | 1.04 x | - |
| Nbr of stocks (in thousands) | 275,704 | 275,704 | 413,556 | 413,688 | 413,745 | 413,768 | - | - |
| Reference price 2 | 1.114 | 0.7970 | 1.574 | 1.522 | 0.9140 | 1.146 | 1.146 | 1.146 |
| Announcement Date | 3/11/20 | 3/11/21 | 3/15/22 | 3/9/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 939 | 780.3 | 969.6 | 1,077 | 1,025 | 1,036 | 1,085 | 1,136 |
| EBITDA 1 | 65.4 | 1 | 84.9 | 101.2 | 92 | 100.3 | 114.2 | 125.1 |
| EBIT 1 | -271.7 | -79.84 | 28.2 | 53.5 | 49.6 | 53.77 | 68.43 | 83.7 |
| Operating Margin | -28.94% | -10.23% | 2.91% | 4.97% | 4.84% | 5.19% | 6.31% | 7.37% |
| Earnings before Tax (EBT) 1 | -279 | -84.11 | 34.8 | 64.14 | -19.46 | 40.69 | 49.16 | 62.1 |
| Net income 1 | -328.3 | -69.38 | 21.3 | 54.16 | -24.6 | 29.1 | 32.73 | 42.45 |
| Net margin | -34.96% | -8.89% | 2.2% | 5.03% | -2.4% | 2.81% | 3.02% | 3.74% |
| EPS 2 | -1.191 | -0.2520 | 0.0700 | 0.1300 | -0.0600 | 0.0705 | 0.0798 | 0.1060 |
| Free Cash Flow 1 | -16.28 | -20.54 | -2.7 | -16.5 | - | 30.73 | 29.7 | 45.4 |
| FCF margin | -1.73% | -2.63% | -0.28% | -1.53% | - | 2.97% | 2.74% | 4% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 30.65% | 26.01% | 36.29% |
| FCF Conversion (Net income) | - | - | - | - | - | 105.61% | 90.75% | 106.95% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 3/11/20 | 3/11/21 | 3/15/22 | 3/9/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 335.6 | - | 510.7 | 226.6 | 232.2 | 282.6 | 288.3 | 570.9 | 260.4 | 245.4 | 263 | 550.1 | 235 | 239.6 | 474.6 | 274.4 | 267.5 | 545.6 | 244.8 | 242.4 | 487.2 |
| EBITDA 1 | - | 29.3 | 49.7 | 19.1 | 12.7 | 32 | 30.6 | 62.6 | 22.6 | 15.9 | 24.9 | 57.3 | 18.1 | 16.6 | - | 30.77 | 29.6 | 61.3 | 19.7 | 17.3 | 37.1 |
| EBIT | -55.2 | - | 22.3 | - | - | - | - | 39.2 | - | - | - | 35.1 | - | - | - | - | - | 37.6 | - | - | 15 |
| Operating Margin | -16.45% | - | 4.37% | - | - | - | - | 6.87% | - | - | - | 6.38% | - | - | - | - | - | 6.89% | - | - | 3.08% |
| Earnings before Tax (EBT) | -79.99 | - | - | - | - | - | - | 44 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | -74.75 | - | 2 | - | - | - | - | 32.7 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | -22.28% | - | 0.39% | - | - | - | - | 5.73% | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0560 | - | - | 0.0210 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/31/20 | 3/11/21 | 8/3/21 | 11/9/21 | 3/15/22 | 5/3/22 | 8/3/22 | 8/3/22 | 11/3/22 | 3/9/23 | 8/2/23 | 8/2/23 | 11/3/23 | 3/14/24 | 3/14/24 | - | - | - | - | - | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 27.8 | 179 | 94 | 113 | - | 45 | 34 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 21 |
| Leverage (Debt/EBITDA) | 0.4251 x | 179 x | 1.107 x | 1.121 x | - | 0.4488 x | 0.2978 x | - |
| Free Cash Flow 1 | -16.3 | -20.5 | -2.7 | -16.5 | - | 30.7 | 29.7 | 45.4 |
| ROE (net income / shareholders' equity) | -1.21% | -19% | 9.06% | 14.7% | - | 6.5% | 7.6% | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 1.240 | 0.5300 | 0.7900 | 0.9900 | - | 1.000 | 1.100 | - |
| Cash Flow per Share | 0.1000 | -0.1300 | 0.0600 | - | - | - | - | - |
| Capex 1 | 30.6 | 21.4 | 9.76 | 15.7 | - | 15.3 | 16.2 | 16.9 |
| Capex / Sales | 3.26% | 2.75% | 1.01% | 1.46% | - | 1.47% | 1.49% | 1.49% |
| Announcement Date | 3/11/20 | 3/11/21 | 3/15/22 | 3/9/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
1.146
EUR
Average target price
1.34
EUR
Spread / Average Target
+16.93%
EPS Revisions
Quarterly revenue - Rate of surprise
- Stock Market
- Equities
- SFL Stock
- Financials Safilo Group S.p.A.
