Financials SIPEF

Equities

Market Closed - Euronext Bruxelles Other stock markets 11:35:23 2024-04-26 am EDT			5-day change	1st Jan Change
56.6 ^EUR	0.00%		+0.71%	+6.79%

Feb. 15	Sipef NV Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Sipef NV(ENXTBR:SIP) dropped from S&P Global BMI Index	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	585	641.2	549.8	674.1	655.5	628.4	628.4	-
Enterprise Value (EV) ¹	706.5	805.8	700.9	723.2	663.3	608.3	665.7	656
P/E ratio	19.4 x	-79.8 x	38.8 x	7.2 x	6.08 x	8.38 x	10.1 x	9.52 x
Yield	1.11%	-	0.8%	3.51%	5.08%	3.68%	2.85%	3.01%
Capitalization / Revenue	2.13 x	2.58 x	2.01 x	1.62 x	1.24 x	1.37 x	1.44 x	1.39 x
EV / Revenue	2.57 x	3.25 x	2.56 x	1.74 x	1.26 x	1.37 x	1.52 x	1.45 x
EV / EBITDA	8.68 x	17.1 x	9.43 x	4.1 x	2.93 x	3.79 x	4.42 x	4.05 x
EV / FCF	-19.9 x	-23.4 x	41.1 x	7.89 x	7.71 x	38.9 x	43.2 x	10.6 x
FCF Yield	-5.02%	-4.28%	2.44%	12.7%	13%	2.57%	2.31%	9.47%
Price to Book	0.91 x	1.02 x	0.86 x	0.93 x	0.8 x	0.71 x	-	-
Nbr of stocks (in thousands)	10,455	10,436	10,419	10,419	10,399	10,399	10,399	-
Reference price ²	55.95	61.44	52.76	64.69	63.03	60.42	60.42	60.42
Announcement Date	2/14/19	2/13/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	275.3	248.3	274	416.1	527.5	443.9	436.8	453.7
EBITDA ¹	81.43	47.22	74.36	176.4	226.3	160.7	150.5	162.1
EBIT ¹	42.69	4.94	30.78	127.8	178.3	108	99.1	108.5
Operating Margin	15.51%	1.99%	11.23%	30.71%	33.81%	24.33%	22.69%	23.91%
Earnings before Tax (EBT) ¹	46.97	0.852	28.06	136.6	172.6	108.8	-	-
Net income ¹	30.09	-8.004	14.12	93.75	108.2	72.74	62.3	66
Net margin	10.93%	-3.22%	5.15%	22.53%	20.51%	16.39%	14.26%	14.55%
EPS ²	2.880	-0.7700	1.360	8.990	10.36	6.980	5.990	6.345
Free Cash Flow ¹	-35.48	-34.5	17.07	91.66	86	15.66	15.4	62.1
FCF margin	-12.89%	-13.89%	6.23%	22.03%	16.3%	3.53%	3.53%	13.69%
FCF Conversion (EBITDA)	-	-	22.95%	51.96%	38.01%	9.74%	10.23%	38.31%
FCF Conversion (Net income)	-	-	120.86%	97.77%	79.52%	21.52%	24.72%	94.09%
Dividend per Share ²	0.6201	-	0.4245	2.273	3.202	2.152	1.720	1.820
Announcement Date	2/14/19	2/13/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	121	165	151	49.2	7.77	25.7	37.3	27.6
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.491 x	3.486 x	2.033 x	0.2789 x	0.0343 x	0.1588 x	0.2478 x	0.1703 x
Free Cash Flow ¹	-35.5	-34.5	17.1	91.7	86	15.7	15.4	62.1
ROE (net income / shareholders' equity)	4.7%	-	2.23%	13.7%	-	8.7%	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	61.70	60.30	61.30	69.80	78.60	82.10	-	-
Cash Flow per Share ²	3.220	3.060	6.600	15.40	15.90	11.80	11.20	11.80
Capex ¹	69.2	66.4	51.7	68.7	79.3	107	103	69
Capex / Sales	25.13%	26.74%	18.87%	16.5%	15.03%	24.1%	23.46%	15.21%
Announcement Date	2/14/19	2/13/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-

¹USD in Million²USD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

60.42 USD

Average target price

73.49 USD

Spread / Average Target

+21.62%