Financials TOUAX SCA

Equities

Market Closed - Euronext Paris Other stock markets 11:35:29 2024-04-26 am EDT			5-day change	1st Jan Change
4.85 ^EUR	+1.04%		-3.00%	-13.70%

Mar. 22	Touax: the share resists the downturn thanks to results	CF
Mar. 22	Touax SCA Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	37.09	64.56	47.37	56.32	39.33	33.88	-
Enterprise Value (EV) ¹	236.4	254.2	278.4	56.32	325	329.9	323.7
P/E ratio	-13.6 x	11 x	3.78 x	7.51 x	10.8 x	4.29 x	3.7 x
Yield	-	-	-	-	2.14%	4.74%	5.36%
Capitalization / Revenue	0.22 x	0.4 x	0.28 x	0.35 x	0.25 x	0.17 x	0.16 x
EV / Revenue	1.4 x	1.56 x	1.66 x	0.35 x	2.07 x	1.63 x	1.55 x
EV / EBITDA	6.41 x	5.43 x	5.24 x	0.97 x	5.88 x	5.94 x	5.58 x
EV / FCF	-169 x	-161 x	-	-	-	56.9 x	36.8 x
FCF Yield	-0.59%	-0.62%	-	-	-	1.76%	2.72%
Price to Book	0.38 x	-	-	-	0.27 x	0.34 x	0.32 x
Nbr of stocks (in thousands)	6,998	7,002	7,007	7,005	6,999	6,986	-
Reference price ²	5.300	9.220	6.760	8.040	5.620	4.850	4.850
Announcement Date	3/25/20	3/24/21	3/23/22	3/22/23	3/21/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	169	163.4	167.9	161.5	157.1	202.4	208.9
EBITDA ¹	36.9	46.8	53.1	57.9	55.3	55.5	58
EBIT ¹	15.1	23.2	28.7	31.1	28.3	29.6	31.2
Operating Margin	8.93%	14.2%	17.1%	19.26%	18.01%	14.62%	14.94%
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income ¹	-2.7	5.9	12.6	7.5	3.6	7.9	9.2
Net margin	-1.6%	3.61%	7.51%	4.65%	2.29%	3.9%	4.4%
EPS ²	-0.3900	0.8400	1.790	1.070	0.5200	1.130	1.310
Free Cash Flow ¹	-1.395	-1.579	-	-	-	5.8	8.8
FCF margin	-0.83%	-0.97%	-	-	-	2.87%	4.21%
FCF Conversion (EBITDA)	-	-	-	-	-	10.45%	15.17%
FCF Conversion (Net income)	-	-	-	-	-	73.42%	95.65%
Dividend per Share ²	-	-	-	-	0.1200	0.2300	0.2600
Announcement Date	3/25/20	3/24/21	3/23/22	3/22/23	3/21/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	199	190	231	-	286	296	290
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	5.401 x	4.051 x	4.35 x	-	5.166 x	5.333 x	4.997 x
Free Cash Flow ¹	-1.4	-1.58	-	-	-	5.8	8.8
ROE (net income / shareholders' equity)	-1.22%	4.37%	12.5%	-	-	6.1%	6.5%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	13.90	-	-	-	20.60	14.40	15.40
Cash Flow per Share ²	4.580	6.060	6.930	-	-	5.310	5.630
Capex ¹	-	0.6	-	-	-	30	30
Capex / Sales	-	0.37%	-	-	-	14.82%	14.36%
Announcement Date	3/25/20	3/24/21	3/23/22	3/22/23	3/21/24	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4.85 EUR

Average target price

12.8 EUR

Spread / Average Target

+163.92%

	1st Jan change	Capi.
TOUAX SCA	-13.70%	36.17M
ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED	+29.31%	34.31B
SHANGHAI INTERNATIONAL PORT (GROUP) CO., LTD.	+14.90%	18.09B
DP WORLD PLC	0.00%	13.47B
ABU DHABI PORTS COMPANY	-14.11%	7.59B
MISC	+8.23%	7.39B
QINGDAO PORT INTERNATIONAL CO., LTD.	+21.75%	6.85B
JSW INFRASTRUCTURE LIMITED	+21.22%	6.19B
CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED	-2.63%	5.56B
LIAONING PORT CO., LTD.	0.00%	4.12B