SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG

Financials Schoeller-Bleckmann Oilfield Equipment AG

Equities

SBO

AT0000946652

Oil Related Services and Equipment

Market Closed - Wiener Boerse Other stock markets 11:35:04 2024-04-26 am EDT			5-day change	1st Jan Change
45.85 ^EUR	-0.86%		-1.93%	+3.73%

Mar. 20	Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Jan. 02	Schoeller-Bleckmann Oilfield Equipment's New CEO, COO Take Office	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	802.5	489	486.8	915.5	695.2	722.6	-	-
Enterprise Value (EV) ¹	822.7	479.5	476.9	881	695.2	773.5	719.5	649.3
P/E ratio	24.8 x	-22.5 x	23.3 x	12.2 x	9.71 x	8.33 x	7.8 x	6.95 x
Yield	2.39%	-	2.42%	3.44%	-	4.83%	4.8%	2.34%
Capitalization / Revenue	1.8 x	1.68 x	1.66 x	1.83 x	1.19 x	1.16 x	1.09 x	1.08 x
EV / Revenue	1.85 x	1.65 x	1.63 x	1.76 x	1.19 x	1.24 x	1.09 x	0.97 x
EV / EBITDA	7.53 x	17.7 x	7.95 x	6.82 x	5.3 x	5.04 x	4.35 x	3.68 x
EV / FCF	12.3 x	6.13 x	129 x	32.5 x	-	11.3 x	9.87 x	6.81 x
FCF Yield	8.1%	16.3%	0.77%	3.08%	-	8.88%	10.1%	14.7%
Price to Book	2.17 x	1.7 x	1.43 x	2.15 x	-	1.48 x	1.3 x	1.18 x
Nbr of stocks (in thousands)	15,955	15,723	15,729	15,729	15,729	15,759	-	-
Reference price ²	50.30	31.10	30.95	58.20	44.20	45.85	45.85	45.85
Announcement Date	3/18/20	3/18/21	3/17/22	3/16/23	3/20/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	445.3	291.2	292.8	501.2	585.9	625	663	670.5
EBITDA ¹	109.2	27.1	60	129.1	131.3	153.5	165.4	176.5
EBIT ¹	60.84	-27.96	28.2	96.18	102.3	120.6	130.1	141.2
Operating Margin	13.66%	-9.6%	9.63%	19.19%	17.46%	19.29%	19.62%	21.06%
Earnings before Tax (EBT) ¹	47.89	-31.2	23.4	93.34	94.21	109	122.8	129
Net income ¹	32.33	-21.7	21	75.2	71.57	87.13	92.82	103.5
Net margin	7.26%	-7.45%	7.17%	15%	12.22%	13.94%	14%	15.44%
EPS ²	2.030	-1.380	1.330	4.780	4.550	5.507	5.878	6.595
Free Cash Flow ¹	66.65	78.21	3.688	27.1	-	68.67	72.92	95.3
FCF margin	14.97%	26.86%	1.26%	5.41%	-	10.99%	11%	14.21%
FCF Conversion (EBITDA)	61.01%	288.59%	6.15%	20.99%	-	44.73%	44.08%	53.99%
FCF Conversion (Net income)	206.15%	-	17.56%	36.04%	-	78.81%	78.56%	92.08%
Dividend per Share ²	1.200	-	0.7500	2.000	-	2.217	2.200	1.075
Announcement Date	3/18/20	3/18/21	3/17/22	3/16/23	3/20/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 S1	2022 Q3	2022 Q4	2023 Q2	2023 S1	2023 Q3
Net sales ¹	78.78	84.5	100.5	122.2	222.7	138.5	140	147.4	294.7	142.6
EBITDA	15.1	-	-	37.4	60.9	-	-	-	-	-
EBIT ¹	-	12.1	15.5	29.3	44.83	27.76	23.58	28.67	55.37	26.59
Operating Margin	-	14.32%	15.42%	23.98%	20.13%	20.04%	16.85%	19.46%	18.79%	18.65%
Earnings before Tax (EBT)	-	-	-	28.4	42.69	-	-	-	-	-
Net income	-	-	-	23	34.38	-	-	-	-	-
Net margin	-	-	-	18.82%	15.44%	-	-	-	-	-
EPS	-	-	-	1.470	2.190	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-
Announcement Date	11/25/21	3/17/22	5/19/22	8/17/22	8/17/22	11/24/22	3/16/23	8/24/23	8/24/23	11/22/23

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	20.1	-	-	-	-	50.9	-	-
Net Cash position ¹	-	9.46	9.92	34.5	-	-	3.09	73.3
Leverage (Debt/EBITDA)	0.1842 x	-	-	-	-	0.3319 x	-	-
Free Cash Flow ¹	66.6	78.2	3.69	27.1	-	68.7	72.9	95.3
ROE (net income / shareholders' equity)	9.04%	-6.6%	6.68%	19.6%	-	18.2%	17.2%	17.5%
ROA (Net income/ Total Assets)	3.69%	-2.63%	2.65%	8.8%	-	-	-	-
Assets ¹	876.3	825.1	792.6	854.3	-	-	-	-
Book Value Per Share ²	23.20	18.30	21.70	27.00	-	31.00	35.20	38.90
Cash Flow per Share ²	6.150	5.980	1.450	3.330	5.500	7.370	7.630	8.470
Capex ¹	31.5	16.1	19.2	31	-	40.5	35.5	36.8
Capex / Sales	7.07%	5.54%	6.57%	6.18%	-	6.48%	5.36%	5.49%
Announcement Date	3/18/20	3/18/21	3/17/22	3/16/23	3/20/24	-	-	-

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

Ratings for Schoeller-Bleckmann Oilfield Equipment AG

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

45.85 EUR

Average target price

71.45 EUR

Spread / Average Target

+55.83%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Oil Related Equipment

	1st Jan change	Capi.
SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG	+3.73%	771M
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JIANGSU RUTONG PETRO-MACHINERY CO., LTD	-22.31%	325M
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NATURAL GAS SERVICES GROUP, INC.	+47.95%	296M
NEW JCM GROUP CO.,LTD	-30.26%	242M
SHANGHAI SK PETROLEUM & CHEMICAL EQUIPMENT CORPORATION LTD.	-26.75%	215M

Oil Related Equipment