Financials Société de Fabrication des Boissons de Tunisie Société Anonyme

Equities

SFBT

TN0001100254

Non-Alcoholic Beverages

End-of-day quote Tunis 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
14.3 TND 0.00% Intraday chart for Société de Fabrication des Boissons de Tunisie Société Anonyme +1.78% +14.86%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,764 4,705 4,524 3,339 3,081 3,539 - -
Enterprise Value (EV) 1 3,566 4,399 4,145 2,845 3,081 2,900 2,779 3,539
P/E ratio 17.8 x 22.4 x 18 x 13 x 10.9 x 12 x 11.8 x 11.5 x
Yield 3.42% 3.42% - - - 5.17% 5.17% 5.17%
Capitalization / Revenue 3.13 x 3.91 x 3.78 x 2.51 x 2.25 x 2.51 x 2.42 x 2.32 x
EV / Revenue 2.96 x 3.66 x 3.46 x 2.14 x 2.25 x 2.06 x 1.9 x 2.32 x
EV / EBITDA 10.4 x 11.1 x 10.5 x 6.98 x 7.13 x 6.81 x 6.36 x -
EV / FCF 21 x 16.2 x 15.3 x 9.59 x - 7.38 x 8.99 x -
FCF Yield 4.77% 6.16% 6.54% 10.4% - 13.6% 11.1% -
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 247,500 247,500 247,500 247,500 247,500 247,500 - -
Reference price 2 15.21 19.01 18.28 13.49 12.45 14.30 14.30 14.30
Announcement Date 6/9/20 4/27/21 4/26/22 4/14/23 4/8/24 - - -
1TND in Million2TND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,203 1,203 1,197 1,330 1,369 1,408 1,460 1,523
EBITDA 1 343.9 396.3 395.1 407.4 432.3 426 437 -
EBIT 1 265 288.7 298.6 307.2 322 325 333 -
Operating Margin 22.03% 24% 24.95% 23.1% 23.52% 23.08% 22.81% -
Earnings before Tax (EBT) - 294 - - - - - -
Net income 1 210.9 210.6 251 257 281.7 295 301 308
Net margin 17.53% 17.51% 20.97% 19.33% 20.57% 20.95% 20.62% 20.22%
EPS 2 0.8521 0.8500 1.014 1.038 1.138 1.190 1.210 1.240
Free Cash Flow 1 170.2 271.1 271.2 296.9 - 393 309 -
FCF margin 14.15% 22.54% 22.66% 22.32% - 27.91% 21.16% -
FCF Conversion (EBITDA) 49.5% 68.42% 68.65% 72.86% - 92.25% 70.71% -
FCF Conversion (Net income) 80.71% 128.75% 108.04% 115.5% - 133.22% 102.66% -
Dividend per Share 2 0.5200 0.6500 - - - 0.7400 0.7400 0.7400
Announcement Date 6/9/20 4/27/21 4/26/22 4/14/23 4/8/24 - - -
1TND in Million2TND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 198 306 379 493 - 639 760 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 170 271 271 297 - 393 309 -
ROE (net income / shareholders' equity) 23.4% 21.9% 24.6% 23.3% - 22.5% 21.2% 20.1%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex 1 106 90.6 37.5 70.2 - 77.4 80.3 -
Capex / Sales 8.83% 7.53% 3.13% 5.28% - 5.5% 5.5% -
Announcement Date 6/9/20 4/27/21 4/26/22 4/14/23 4/8/24 - - -
1TND in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
14.3 TND
Average target price
21 TND
Spread / Average Target
+46.85%
Consensus

Annual profits - Rate of surprise

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