TIVOLI A/S |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 744 DKK | +1.09% |
|
+3.62% | +5.68% |
| Apr. 23 | Tivoli A/S Approves Dividend | CI |
| Apr. 23 | Tivoli A/S Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,613 | 4,002 | 4,150 | 4,630 | 4,333 | 4,025 |
| Enterprise Value (EV) 1 | 3,901 | 4,288 | 4,670 | 5,059 | 4,652 | 4,294 |
| P/E ratio | 38.4 x | 23.9 x | -29 x | -112 x | 66.6 x | 46.6 x |
| Yield | 0.65% | - | - | - | 0.37% | 0.54% |
| Capitalization / Revenue | 3.41 x | 3.81 x | 8.69 x | 6.44 x | 3.83 x | 3.32 x |
| EV / Revenue | 3.68 x | 4.08 x | 9.78 x | 7.03 x | 4.12 x | 3.54 x |
| EV / EBITDA | 17.7 x | 22.6 x | -18.6 x | -222 x | 25.8 x | 21.9 x |
| EV / FCF | -877 x | 391 x | -14.7 x | 135 x | 73.3 x | 75.9 x |
| FCF Yield | -0.11% | 0.26% | -6.8% | 0.74% | 1.36% | 1.32% |
| Price to Book | 3.93 x | 3.81 x | 4.6 x | 5.28 x | 4.38 x | 3.84 x |
| Nbr of stocks (in thousands) | 5,717 | 5,717 | 5,717 | 5,717 | 5,717 | 5,717 |
| Reference price 2 | 632.0 | 700.0 | 726.0 | 810.0 | 758.0 | 704.0 |
| Announcement Date | 3/15/19 | 3/13/20 | 3/12/21 | 3/10/22 | 3/16/23 | 3/15/24 |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,059 | 1,051 | 477.7 | 719.3 | 1,130 | 1,214 |
| EBITDA 1 | 219.8 | 190.1 | -251.1 | -22.8 | 180 | 195.9 |
| EBIT 1 | 131.4 | 101.7 | -355.4 | -111.6 | 93.3 | 114.3 |
| Operating Margin | 12.41% | 9.67% | -74.4% | -15.52% | 8.26% | 9.42% |
| Earnings before Tax (EBT) 1 | 120.6 | 209.1 | -185.1 | -47.6 | 87.5 | 111.1 |
| Net income 1 | 94.2 | 167.4 | -142.9 | -41.5 | 65.1 | 86.3 |
| Net margin | 8.9% | 15.92% | -29.91% | -5.77% | 5.76% | 7.11% |
| EPS 2 | 16.48 | 29.28 | -25.00 | -7.259 | 11.39 | 15.10 |
| Free Cash Flow 1 | -4.45 | 10.98 | -317.6 | 37.34 | 63.49 | 56.6 |
| FCF margin | -0.42% | 1.04% | -66.48% | 5.19% | 5.62% | 4.66% |
| FCF Conversion (EBITDA) | - | 5.77% | - | - | 35.27% | 28.89% |
| FCF Conversion (Net income) | - | 6.56% | - | - | 97.52% | 65.59% |
| Dividend per Share 2 | 4.120 | - | - | - | 2.800 | 3.800 |
| Announcement Date | 3/15/19 | 3/13/20 | 3/12/21 | 3/10/22 | 3/16/23 | 3/15/24 |
1DKK in Million2DKK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 288 | 286 | 520 | 428 | 319 | 270 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.312 x | 1.506 x | -2.07 x | -18.79 x | 1.771 x | 1.376 x |
| Free Cash Flow 1 | -4.45 | 11 | -318 | 37.3 | 63.5 | 56.6 |
| ROE (net income / shareholders' equity) | 10.7% | 17% | -14.6% | -4.66% | 6.98% | 8.47% |
| ROA (Net income/ Total Assets) | 5.21% | 3.71% | -12.5% | -4.21% | 3.59% | 4.23% |
| Assets 1 | 1,808 | 4,507 | 1,144 | 986.4 | 1,814 | 2,041 |
| Book Value Per Share 2 | 161.0 | 184.0 | 158.0 | 153.0 | 173.0 | 184.0 |
| Cash Flow per Share 2 | 16.10 | 31.10 | 4.340 | 2.360 | 11.10 | 13.20 |
| Capex 1 | 163 | 184 | 83 | 89.4 | 83.6 | 122 |
| Capex / Sales | 15.36% | 17.54% | 17.37% | 12.43% | 7.4% | 10.04% |
| Announcement Date | 3/15/19 | 3/13/20 | 3/12/21 | 3/10/22 | 3/16/23 | 3/15/24 |
1DKK in Million2DKK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +5.68% | 609M | |
| -11.37% | 48.44B | |
| -5.38% | 2B | |
| -3.72% | 1.96B | |
| +21.11% | 1.17B | |
| -14.74% | 798M | |
| +18.60% | 665M | |
| +40.10% | 541M | |
| +9.21% | 382M | |
| -14.94% | 280M |
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- Financials Tivoli A/S
