Financials SQLI

Equities

Market Closed - Euronext Paris Other stock markets 11:16:05 2024-04-26 am EDT			5-day change	1st Jan Change
42.6 ^EUR	0.00%		-0.47%	-1.84%

Apr. 08	SQLI: sale of its Aston subsidiary to Talis Éducation	CF
Apr. 05	TALIS acquired Aston Institute from SQLI SA.	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	71.93	111.4	89.65	140.6	201.2	196.7	196.7	-
Enterprise Value (EV) ¹	84.53	126	105.3	157	206.2	200.4	199.8	188.1
P/E ratio	23.2 x	23.3 x	493 x	26.6 x	26.2 x	22.7 x	16.8 x	13.2 x
Yield	-	-	-	-	-	1.88%	1.88%	1.88%
Capitalization / Revenue	0.31 x	0.47 x	0.42 x	0.62 x	0.82 x	0.8 x	0.75 x	0.71 x
EV / Revenue	0.36 x	0.53 x	0.49 x	0.7 x	0.84 x	0.8 x	0.76 x	0.68 x
EV / EBITDA	3.9 x	5.3 x	11.7 x	10.3 x	9.04 x	6.32 x	5.49 x	4.79 x
EV / FCF	5.15 x	38.6 x	4.56 x	11.6 x	8.29 x	11.1 x	9.21 x	7.55 x
FCF Yield	19.4%	2.59%	21.9%	8.62%	12.1%	8.99%	10.9%	13.2%
Price to Book	0.83 x	1.18 x	0.95 x	1.39 x	1.82 x	1.77 x	1.71 x	1.55 x
Nbr of stocks (in thousands)	4,365	4,549	4,551	4,566	4,574	4,618	4,618	-
Reference price ²	16.48	24.50	19.70	30.80	44.00	42.60	42.60	42.60
Announcement Date	3/26/19	3/24/20	3/10/21	3/10/22	3/9/23	3/14/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	232	238.7	213.7	225.4	245.9	251.2	263	276
EBITDA ¹	21.7	23.8	9	15.2	22.8	32.4	36.4	39.3
EBIT ¹	12.2	13.2	7.2	13.1	21.5	20.6	23.5	26.4
Operating Margin	5.26%	5.53%	3.37%	5.81%	8.74%	8.2%	8.94%	9.57%
Earnings before Tax (EBT)	-	-	4.8	-	-	-	-	-
Net income ¹	3.1	4.7	0.2	5.3	7.7	4.8	11.7	14.9
Net margin	1.34%	1.97%	0.09%	2.35%	3.13%	1.91%	4.45%	5.4%
EPS ²	0.7100	1.050	0.0400	1.160	1.680	1.880	2.530	3.220
Free Cash Flow ¹	16.4	3.264	23.11	13.54	24.86	18.4	21.7	24.9
FCF margin	7.07%	1.37%	10.82%	6.01%	10.11%	7.22%	8.25%	9.02%
FCF Conversion (EBITDA)	75.58%	13.71%	256.82%	89.07%	109.06%	56.79%	59.62%	63.36%
FCF Conversion (Net income)	529.03%	69.45%	11,557%	255.43%	322.92%	211.49%	185.47%	167.11%
Dividend per Share ²	-	-	-	-	-	0.8000	0.8000	0.8000
Announcement Date	3/26/19	3/24/20	3/10/21	3/10/22	3/9/23	3/14/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	12.6	14.6	15.7	16.4	4.96	7.9	3.1	-
Net Cash position ¹	-	-	-	-	-	-	-	8.6
Leverage (Debt/EBITDA)	0.5806 x	0.6133 x	1.741 x	1.08 x	0.2177 x	0.2438 x	0.0852 x	-
Free Cash Flow ¹	16.4	3.26	23.1	13.5	24.9	18.4	21.7	24.9
ROE (net income / shareholders' equity)	3.76%	5.17%	0.21%	5.43%	7.27%	8.1%	10.6%	12.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	19.80	20.80	20.80	22.10	24.20	24.10	25.00	27.40
Cash Flow per Share	5.180	-	5.450	-	-	-	-	-
Capex ¹	5.8	2.89	1.8	-	3.42	2.2	2.1	2
Capex / Sales	2.5%	1.21%	0.84%	-	1.39%	0.86%	0.8%	0.72%
Announcement Date	3/26/19	3/24/20	3/10/21	3/10/22	3/9/23	3/14/24	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

42.6 EUR

Average target price

44.3 EUR

Spread / Average Target

+3.99%

	1st Jan change	Capi.
SQLI	-1.84%	210M
ACCENTURE PLC	-12.23%	194B
TATA CONSULTANCY SERVICES LTD.	+0.74%	166B
IBM	+2.19%	153B
AUTOMATIC DATA PROCESSING, INC.	+4.34%	99.85B
RELX PLC	+7.04%	77.56B
CROWDSTRIKE HOLDINGS, INC.	+19.09%	73.55B
INFOSYS LIMITED	-7.30%	71B
SNOWFLAKE INC.	-20.54%	52.81B
HCL TECHNOLOGIES LIMITED	+0.53%	47.86B