SALCEF GROUP S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 25.8 EUR | -0.39% |
|
+16.22% | +4.67% |
| Apr. 24 | Salcef Group Agrees to Finhold’s EUR1.6 Billion Takeover Bid | MT |
| Apr. 24 | Salcef, Finhold and Morgan Stanley managed funds sign agreement | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 408.7 | 500.5 | 1,439 | 1,078 | 1,501 | 1,571 | - | - |
| Enterprise Value (EV) 1 | 375.6 | 499.8 | 1,324 | 1,052 | 1,501 | 1,547 | 1,512 | 1,448 |
| P/E ratio | 10.7 x | 14.6 x | 36.3 x | 23.9 x | 24.4 x | 18.3 x | 15.6 x | 12.4 x |
| Yield | 3.86% | 3.61% | 1.86% | - | - | 2.53% | 2.87% | 3.33% |
| Capitalization / Revenue | 1.31 x | 1.47 x | 3.27 x | 1.91 x | 1.89 x | 1.65 x | 1.48 x | 1.29 x |
| EV / Revenue | 1.21 x | 1.47 x | 3.01 x | 1.86 x | 1.89 x | 1.62 x | 1.42 x | 1.19 x |
| EV / EBITDA | 5.22 x | 6.34 x | 13.6 x | 9.23 x | 9.35 x | 8.45 x | 7.23 x | 5.97 x |
| EV / FCF | - | 16.2 x | 57.8 x | - | - | 50.8 x | 18.9 x | 13.1 x |
| FCF Yield | - | 6.16% | 1.73% | - | - | 1.97% | 5.3% | 7.63% |
| Price to Book | 1.63 x | 1.96 x | 3.43 x | - | - | 3.18 x | 2.79 x | 2.42 x |
| Nbr of stocks (in thousands) | 39,490 | 42,964 | 58,261 | 61,888 | 60,908 | 60,908 | - | - |
| Reference price 2 | 10.35 | 11.65 | 24.70 | 17.42 | 24.65 | 25.80 | 25.80 | 25.80 |
| Announcement Date | 3/17/20 | 3/24/21 | 3/16/22 | 3/16/23 | 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 | 311.2 | 340.3 | 440.1 | 564.6 | 794.7 | 953.9 | 1,065 | 1,217 |
| EBITDA 1 | 72 | 78.9 | 97.3 | 114 | 160.5 | 183.1 | 209.1 | 242.8 |
| EBIT 1 | 56.46 | 58.33 | 68.2 | 78 | 100.7 | 124.7 | 147.3 | 167.5 |
| Operating Margin | 18.14% | 17.14% | 15.5% | 13.81% | 12.67% | 13.07% | 13.83% | 13.76% |
| Earnings before Tax (EBT) 1 | 55.42 | 40.18 | 60.33 | 67.36 | 93.74 | 118.5 | 134.4 | 155 |
| Net income 1 | - | 41.15 | 39.07 | 45.33 | 61.9 | 87.14 | 103.3 | 128.5 |
| Net margin | - | 12.09% | 8.88% | 8.03% | 7.79% | 9.14% | 9.7% | 10.56% |
| EPS 2 | 0.9700 | 0.8000 | 0.6800 | 0.7300 | 1.010 | 1.410 | 1.659 | 2.087 |
| Free Cash Flow 1 | - | 30.8 | 22.92 | - | - | 30.43 | 80.1 | 110.5 |
| FCF margin | - | 9.05% | 5.21% | - | - | 3.19% | 7.52% | 9.08% |
| FCF Conversion (EBITDA) | - | 39.03% | 23.55% | - | - | 16.62% | 38.31% | 45.52% |
| FCF Conversion (Net income) | - | 74.84% | 58.66% | - | - | 34.92% | 77.57% | 85.99% |
| Dividend per Share 2 | 0.4000 | 0.4200 | 0.4600 | - | - | 0.6518 | 0.7405 | 0.8580 |
| Announcement Date | 3/17/20 | 3/24/21 | 3/16/22 | 3/16/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q4 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 213.4 | 106.3 | 120.4 | 107.6 | 122.8 | 230.5 | 178.8 | 160.4 | - | 206.2 | 226.9 |
| EBITDA 1 | 48 | - | 25.8 | 21.76 | 24.49 | 46.26 | 36.5 | 32.9 | - | - | 44.96 |
| EBIT 1 | 34.5 | - | 16.5 | 13.34 | 16.18 | 29.52 | 26.28 | 22.4 | - | - | 23.37 |
| Operating Margin | 16.17% | - | 13.7% | 12.39% | 13.17% | 12.81% | 14.69% | 13.97% | - | - | 10.3% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | 22.93 | - | - | - | 20.63 |
| Net income 1 | - | 11.54 | 12.45 | 5.416 | - | - | 16.72 | - | 31.03 | 20.02 | 10.85 |
| Net margin | - | 10.86% | 10.34% | 5.03% | - | - | 9.35% | - | - | 9.71% | 4.78% |
| EPS | - | - | 0.2400 | - | - | - | - | - | 0.5000 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/6/21 | 11/15/21 | 3/16/22 | 5/16/22 | 8/5/22 | 8/5/22 | 3/16/23 | 5/16/23 | 8/3/23 | 11/15/23 | 3/14/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 33.1 | 0.68 | 115 | 26 | - | 24.7 | 59 | 123 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 30.8 | 22.9 | - | - | 30.4 | 80.1 | 111 |
| ROE (net income / shareholders' equity) | 19.8% | 16.3% | 11.4% | - | - | 18.3% | 18.9% | 20% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 6.360 | 5.940 | 7.210 | - | - | 8.110 | 9.250 | 10.70 |
| Cash Flow per Share 2 | 0.8000 | 1.350 | 1.200 | - | - | 2.260 | - | - |
| Capex 1 | - | 38.4 | 46 | - | - | 70 | 63.1 | 62.1 |
| Capex / Sales | - | 11.28% | 10.46% | - | - | 7.34% | 5.93% | 5.1% |
| Announcement Date | 3/17/20 | 3/24/21 | 3/16/22 | 3/16/23 | 3/14/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
25.8
EUR
Average target price
29.66
EUR
Spread / Average Target
+14.97%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +4.67% | 1.68B | |
| -4.47% | 1.47B | |
| +2.02% | 348M | |
| +46.64% | 186M | |
| -27.09% | 146M | |
| +33.21% | 61.58M |
- Stock Market
- Equities
- SCF Stock
- Financials Salcef Group S.p.A.
