Financials SAMSE

Equities

Real-time Euronext Paris Other stock markets 04:11:36 2024-04-29 am EDT			5-day change	1st Jan Change
180 ^EUR	+0.56%		+1.41%	-10.89%

Mar. 22	Samse SA Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Mar. 21	Samse: Group net income of 76.4 ME in 2023	CF

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	451.9	582.8	520.5	709.9	646.4	613.8	613.8	-
Enterprise Value (EV) ¹	598.5	778.5	743.6	915	832.6	692.7	976.5	962.2
P/E ratio	11 x	14.2 x	11 x	7.59 x	6.8 x	8.08 x	8.91 x	8.11 x
Yield	1.91%	4.73%	5.3%	7.77%	8.53%	7.42%	5.61%	6.17%
Capitalization / Revenue	0.32 x	0.39 x	0.34 x	0.4 x	0.34 x	0.37 x	0.3 x	0.28 x
EV / Revenue	0.42 x	0.52 x	0.49 x	0.52 x	0.44 x	0.37 x	0.47 x	0.43 x
EV / EBITDA	6.98 x	6.82 x	5.6 x	5.18 x	4.57 x	4.32 x	6.43 x	5.77 x
EV / FCF	51.5 x	13.2 x	-	-	-	9.78 x	25.1 x	18 x
FCF Yield	1.94%	7.6%	-	-	-	10.2%	3.98%	5.57%
Price to Book	0.96 x	1.16 x	-	-	-	0.98 x	0.93 x	0.87 x
Nbr of stocks (in thousands)	3,450	3,449	3,447	3,446	3,448	3,429	3,429	-
Reference price ²	131.0	169.0	151.0	206.0	187.5	179.0	179.0	179.0
Announcement Date	3/13/19	3/31/20	3/31/21	3/17/22	3/17/23	3/22/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	1,427	1,499	1,512	1,770	1,912	1,889	2,057	2,216
EBITDA ¹	85.74	114.2	132.7	176.7	182.2	160.4	151.9	166.9
EBIT ¹	54.2	59.8	-	-	-	101.9	95.7	106.1
Operating Margin	3.8%	3.99%	-	-	-	5.39%	4.65%	4.79%
Earnings before Tax (EBT)	54.01	-	-	-	-	-	-	-
Net income ¹	41.1	41.1	47.36	93.5	94.87	76.43	69.4	76.3
Net margin	2.88%	2.74%	3.13%	5.28%	4.96%	4.05%	3.37%	3.44%
EPS ²	11.92	11.89	13.74	27.14	27.58	22.15	20.08	22.08
Free Cash Flow ¹	11.63	59.14	-	-	-	80.9	38.9	53.6
FCF margin	0.81%	3.94%	-	-	-	4.28%	1.89%	2.42%
FCF Conversion (EBITDA)	13.56%	51.78%	-	-	-	51.99%	25.61%	32.12%
FCF Conversion (Net income)	28.29%	143.88%	-	-	-	105.61%	56.05%	70.25%
Dividend per Share ²	2.500	8.000	8.000	16.00	16.00	13.29	10.04	11.04
Announcement Date	3/13/19	3/31/20	3/31/21	3/17/22	3/17/23	3/22/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	147	196	223	205	186	178	363	348
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.71 x	1.713 x	1.681 x	1.16 x	1.022 x	1.142 x	2.388 x	2.087 x
Free Cash Flow ¹	11.6	59.1	-	-	-	80.9	38.9	53.6
ROE (net income / shareholders' equity)	9%	8.42%	9.5%	17.6%	16.1%	12.3%	10.6%	11%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	137.0	146.0	-	-	-	183.0	193.0	205.0
Cash Flow per Share ²	20.20	26.80	41.20	40.70	85.80	36.00	29.10	32.10
Capex ¹	35	47.5	-	-	-	49.2	53.5	57.6
Capex / Sales	2.46%	3.17%	-	-	-	2.6%	2.6%	2.6%
Announcement Date	3/13/19	3/31/20	3/31/21	3/17/22	3/17/23	3/22/24	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

179 EUR

Average target price

207.5 EUR

Spread / Average Target

+15.92%

	1st Jan change	Capi.
SAMSE	-11.39%	655M
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SIAM GLOBAL HOUSE	-5.07%	2.21B
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HORNBACH BAUMARKT AG	+7.82%	1.73B
RED STAR MACALLINE GROUP CORPORATION LTD.	-26.85%	1.66B
HORNBACH HOLDING AG & CO. KGAA	+12.27%	1.26B