Financials Tarkett

Equities

Market Closed - Euronext Paris Other stock markets 11:35:20 2024-04-26 am EDT			5-day change	1st Jan Change
9.04 ^EUR	-2.80%		-0.66%	-3.00%

Apr. 25	Tarkett: sluggish sales in Q1	CF
Feb. 16	CAC40: week ends at zenith, despite hesitant W-Street	CF

Fiscal Period: December	2019	2020	2021	2022	2023	2024
Capitalization ¹	939.3	939.3	1,271	749.5	609.9	591.6
Enterprise Value (EV) ¹	1,576	1,413	1,747	1,412	1,162	1,140
P/E ratio	23.6 x	-49.7 x	84.8 x	-28 x	30.1 x	13.4 x
Yield	1.67%	-	-	-	-	-
Capitalization / Revenue	0.31 x	0.36 x	0.46 x	0.22 x	0.18 x	0.18 x
EV / Revenue	0.53 x	0.54 x	0.63 x	0.42 x	0.35 x	0.34 x
EV / EBITDA	5.63 x	5.08 x	7.63 x	6.01 x	4.04 x	3.81 x
EV / FCF	6,069,009 x	7,436,956 x	38,987,602 x	-	-	-
FCF Yield	0%	0%	0%	-	-	-
Price to Book	1.12 x	1.22 x	1.51 x	0.83 x	0.71 x	0.64 x
Nbr of stocks (in thousands)	65,231	65,231	65,177	65,177	65,441	65,441
Reference price ²	14.40	14.40	19.50	11.50	9.320	9.040
Announcement Date	2/13/20	2/18/21	2/16/22	2/15/23	2/15/24	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024
Net sales ¹	2,992	2,633	2,792	3,359	3,363	3,364
EBITDA ¹	280	277.9	229	234.9	287.8	299.1
EBIT ¹	121.8	119.4	80.2	85.8	154.1	168
Operating Margin	4.07%	4.53%	2.87%	2.55%	4.58%	4.99%
Earnings before Tax (EBT) ¹	53.8	12.4	26.1	-7.9	55.8	72.61
Net income	39.6	-19.1	15.1	-	-	-
Net margin	1.32%	-0.73%	0.54%	-	-	-
EPS ²	0.6100	-0.2900	0.2300	-0.4100	0.3100	0.6737
Free Cash Flow	259.7	190	44.8	-	-	-
FCF margin	8.68%	7.22%	1.6%	-	-	-
FCF Conversion (EBITDA)	92.75%	68.37%	19.56%	-	-	-
FCF Conversion (Net income)	655.81%	-	296.69%	-	-	-
Dividend per Share ²	0.2400	-	-	-	-	-
Announcement Date	2/13/20	2/18/21	2/16/22	2/15/23	2/15/24	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024
Net Debt ¹	637	474	476	662	552	548
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.274 x	1.705 x	2.077 x	2.82 x	1.917 x	1.833 x
Free Cash Flow	260	190	44.8	-	-	-
ROE (net income / shareholders' equity)	7.1%	6.59%	4.41%	-	3.1%	7.77%
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets	-	-	-	-	-	-
Book Value Per Share ²	12.90	11.80	12.90	13.90	13.20	14.10
Cash Flow per Share ²	5.950	4.010	1.800	-0.2900	4.250	2.820
Capex	125	74.1	72.8	-	-	-
Capex / Sales	4.16%	2.81%	2.61%	-	-	-
Announcement Date	2/13/20	2/18/21	2/16/22	2/15/23	2/15/24	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

A-

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

9.04 EUR

Average target price

10 EUR

Spread / Average Target

+10.62%

	1st Jan change	Capi.
TARKETT	-3.00%	632M
KINGSPAN GROUP PLC	+10.01%	16.86B
KALESERAMIK CANAKKALE KALEBODUR SERAMIK SANAYI	-7.61%	3.01B
FORBO HOLDING AG	+0.95%	1.64B
RESPONSIVE INDUSTRIES LIMITED	-5.68%	920M
INTERNACIONAL DE CERÁMICA, S.A.B. DE C.V.	-1.54%	789M
MONALISA GROUP CO.,LTD	-26.07%	565M
BIEN YAPI URUNLERI SANAYI TURIZM VE TICARET	+3.29%	474M
ZHEJIANG TIANZHEN TECHNOLOGY CO., LTD.	-13.14%	471M
EVERJOY HEALTH GROUP CO., LTD.	-20.05%	439M