Financials TIM S.A. Börse Stuttgart

Equities

7G2

PLTIM0000016

Electrical Components & Equipment

Delayed Börse Stuttgart 02:14:14 2024-03-04 am EST 5-day change 1st Jan Change
10.5 EUR -.--% Intraday chart for TIM S.A. -0.19% +4.79%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 137.2 237.5 408.5 831.4 642.7 1,025
Enterprise Value (EV) 1 168.4 329.3 489.4 904.5 741.7 1,151
P/E ratio 9.09 x 12.2 x 11 x 9.13 x 6.39 x 19.4 x
Yield 16.2% 7.48% 12% 6.41% 4.66% -
Capitalization / Revenue 0.17 x 0.27 x 0.38 x 0.63 x 0.42 x 0.71 x
EV / Revenue 0.2 x 0.37 x 0.46 x 0.69 x 0.49 x 0.79 x
EV / EBITDA 5.85 x 6.21 x 6.61 x 6.37 x 4.64 x 11.6 x
EV / FCF 21.6 x 8.13 x 19.3 x 31.7 x 12.6 x 63.4 x
FCF Yield 4.64% 12.3% 5.18% 3.15% 7.97% 1.58%
Price to Book 0.88 x 1.56 x 2.5 x 3.93 x 2.47 x 3.18 x
Nbr of stocks (in thousands) 22,199 22,199 22,199 22,199 22,199 21,970
Reference price 2 6.180 10.70 18.40 37.45 28.95 46.65
Announcement Date 4/10/19 4/22/20 4/21/21 4/26/22 4/25/23 4/22/24
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 830.3 890 1,065 1,314 1,523 1,451
EBITDA 1 28.79 52.99 74.05 142.1 159.7 99.35
EBIT 1 17.58 32.51 51.91 119.1 135.3 68
Operating Margin 2.12% 3.65% 4.87% 9.06% 8.88% 4.69%
Earnings before Tax (EBT) 1 18.7 25.23 44.56 115.6 128 70.49
Net income 1 15.09 19.56 37.14 91.8 102.2 55.02
Net margin 1.82% 2.2% 3.49% 6.98% 6.71% 3.79%
EPS 2 0.6799 0.8800 1.670 4.100 4.530 2.410
Free Cash Flow 1 7.805 40.53 25.37 28.53 59.09 18.16
FCF margin 0.94% 4.55% 2.38% 2.17% 3.88% 1.25%
FCF Conversion (EBITDA) 27.11% 76.49% 34.26% 20.08% 36.99% 18.28%
FCF Conversion (Net income) 51.71% 207.15% 68.32% 31.08% 57.83% 33%
Dividend per Share 2 1.000 0.8000 2.200 2.400 1.350 -
Announcement Date 4/10/19 4/22/20 4/21/21 4/26/22 4/25/23 4/22/24
1PLN in Million2PLN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2
Net sales 1 - 348.2 363.8 410 362.5
EBITDA 1 - 41.76 34.78 47.26 45.22
EBIT 1 - 35.97 28.88 41.42 39.28
Operating Margin - 10.33% 7.94% 10.1% 10.84%
Earnings before Tax (EBT) 1 - - - - 36.6
Net income 1 43.02 24.9 22.22 31.24 29.12
Net margin - 7.15% 6.11% 7.62% 8.03%
EPS 1.940 - - - -
Dividend per Share - - - - -
Announcement Date 9/22/21 11/24/21 4/26/22 5/25/22 9/21/22
1PLN in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 31.2 91.8 81 73.2 99 126
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.083 x 1.732 x 1.093 x 0.5149 x 0.6199 x 1.272 x
Free Cash Flow 1 7.8 40.5 25.4 28.5 59.1 18.2
ROE (net income / shareholders' equity) 9.3% 12.7% 23.5% 49% 43.5% 19.2%
ROA (Net income/ Total Assets) 2.98% 4.85% 6.94% 14.8% 13.8% 5.81%
Assets 1 505.7 403.7 535.4 618.7 739.7 946.4
Book Value Per Share 2 7.000 6.880 7.350 9.530 11.70 14.70
Cash Flow per Share 2 0.1000 0.7900 0.5000 0.4400 1.600 2.640
Capex 1 5.99 6.05 12.2 5.73 27.9 42.5
Capex / Sales 0.72% 0.68% 1.15% 0.44% 1.83% 2.93%
Announcement Date 4/10/19 4/22/20 4/21/21 4/26/22 4/25/23 4/22/24
1PLN in Million2PLN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise