SMARTBROKER HOLDING AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.72 EUR | +1.82% |
|
-0.30% | -28.05% |
| 2023 | Baader Bank, Smartbroker Complete Securities Accounts Transfer | MT |
| 2023 | Smartbroker Holding Ag Elects Daniel Berger to Supervisory Board | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 40.48 | 84.96 | 215.7 | 326.2 | 91.58 | 105.4 | 105.4 | - |
| Enterprise Value (EV) 1 | 31.22 | 80.46 | 210.1 | 306.4 | 79.07 | 146.5 | 100.4 | 97.26 |
| P/E ratio | 12.5 x | 48.3 x | 64.2 x | -607 x | -9.13 x | -23 x | -50.3 x | 57.6 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 5.21 x | 9.94 x | 15.7 x | 6.77 x | 1.73 x | 3.16 x | 1.98 x | 1.76 x |
| EV / Revenue | 4.02 x | 9.41 x | 15.3 x | 6.36 x | 1.49 x | 3.16 x | 1.89 x | 1.62 x |
| EV / EBITDA | 8.99 x | 21.7 x | 46.5 x | 86.1 x | 8.79 x | 293 x | 41.5 x | 12.6 x |
| EV / FCF | - | - | 198 x | 212 x | -5.1 x | -31 x | 112 x | 19.6 x |
| FCF Yield | - | - | 0.5% | 0.47% | -19.6% | -3.23% | 0.9% | 5.09% |
| Price to Book | 2.1 x | 3.38 x | 7.07 x | 6.65 x | - | 2.29 x | 2.5 x | 2.47 x |
| Nbr of stocks (in thousands) | 13,327 | 13,327 | 14,382 | 15,101 | 15,681 | 15,681 | 15,681 | - |
| Reference price 2 | 3.038 | 6.375 | 15.00 | 21.60 | 5.840 | 6.720 | 6.720 | 6.720 |
| Announcement Date | 3/21/19 | 6/4/20 | 6/10/21 | 5/16/22 | 3/15/23 | 2/22/24 | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7.774 | 8.55 | 13.74 | 48.2 | 53 | 46.3 | 53.12 | 59.89 |
| EBITDA 1 | 3.474 | 3.704 | 4.521 | 3.558 | 9 | 0.5 | 2.422 | 7.692 |
| EBIT 1 | 3.403 | 3.688 | 4.412 | 0.349 | -8.412 | -5.8 | -3.053 | 2.883 |
| Operating Margin | 43.78% | 43.13% | 32.11% | 0.72% | -15.87% | -12.53% | -5.75% | 4.81% |
| Earnings before Tax (EBT) 1 | 3.656 | 3.023 | 3.731 | 0.0415 | -9.932 | -5.7 | -3.569 | 2.633 |
| Net income 1 | 3.232 | 1.9 | 3.361 | -0.5369 | -10.09 | -4.601 | -2.503 | 1.853 |
| Net margin | 41.57% | 22.22% | 24.46% | -1.11% | -19.04% | -9.32% | -4.71% | 3.09% |
| EPS 2 | 0.2425 | 0.1321 | 0.2337 | -0.0356 | -0.6400 | -0.2918 | -0.1336 | 0.1166 |
| Free Cash Flow 1 | - | - | 1.06 | 1.447 | -15.51 | -3.183 | 0.9 | 4.95 |
| FCF margin | - | - | 7.72% | 3% | -29.27% | -6.45% | 1.69% | 8.27% |
| FCF Conversion (EBITDA) | - | - | 23.45% | 40.67% | - | - | 37.16% | 64.35% |
| FCF Conversion (Net income) | - | - | 31.54% | - | - | - | - | 267.12% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 3/21/19 | 6/4/20 | 6/10/21 | 5/16/22 | 3/15/23 | 2/22/24 | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 9.26 | 4.5 | 5.67 | 19.8 | 12.5 | 6.68 | 4.96 | 8.11 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 1.06 | 1.45 | -15.5 | -3.18 | 0.9 | 4.95 |
| ROE (net income / shareholders' equity) | 30.3% | 8.18% | 11.7% | -1.35% | -20.5% | -15% | -6.55% | 4.79% |
| ROA (Net income/ Total Assets) | - | - | - | - | -13.5% | -11.2% | -5.8% | 4% |
| Assets 1 | - | - | - | - | 74.66 | 41.08 | 43.15 | 46.33 |
| Book Value Per Share 2 | 1.450 | 1.890 | 2.120 | 3.250 | - | 2.930 | 2.680 | 2.730 |
| Cash Flow per Share | - | - | 0.0800 | 0.9200 | - | - | - | - |
| Capex 1 | - | - | 0.12 | 12.5 | 20.6 | 7.11 | 3.34 | 3.34 |
| Capex / Sales | - | - | 0.87% | 25.89% | 38.78% | 14.41% | 6.29% | 5.58% |
| Announcement Date | 3/21/19 | 6/4/20 | 6/10/21 | 5/16/22 | 3/15/23 | 2/22/24 | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
6.72
EUR
Average target price
9.533
EUR
Spread / Average Target
+41.87%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -28.05% | 112M | |
| +18.66% | 414B | |
| +15.27% | 242B | |
| +12.15% | 144B | |
| +20.63% | 104B | |
| +17.19% | 83.87B | |
| +54.11% | 57.64B | |
| +33.59% | 53.37B | |
| +6.02% | 37.83B | |
| +15.88% | 32.51B |
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- Financials Smartbroker Holding AG
