Financials Voyageurs du Monde

Equities

Market Closed - Euronext Paris Other stock markets 11:35:19 2024-04-26 am EDT			5-day change	1st Jan Change
142.6 ^EUR	+0.99%		+10.89%	+10.54%

Apr. 24	Voyageurs Du Monde Plans EUR130 Million Treasury Buyback	MT
Apr. 23	Voyageurs du Monde: 47.6% increase in net income (pdg)	CF

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	437.5	339.6	298.2	325.8	553.8	612.2	-	-
Enterprise Value (EV) ¹	311.4	226.1	201.5	182.9	553.8	401	368	440
P/E ratio	21.9 x	-25.1 x	-904 x	12.2 x	-	16 x	15.9 x	16.5 x
Yield	-	-	-	3.45%	-	2.41%	2.45%	3.06%
Capitalization / Revenue	0.9 x	2.89 x	1.97 x	0.66 x	0.8 x	0.83 x	0.8 x	0.74 x
EV / Revenue	0.64 x	1.93 x	1.33 x	0.37 x	0.8 x	0.55 x	0.48 x	0.53 x
EV / EBITDA	9.27 x	-17.1 x	25.8 x	3.56 x	8.56 x	6.35 x	5.6 x	6.02 x
EV / FCF	11.5 x	-27.6 x	-9.74 x	3.68 x	-	8.27 x	7.5 x	9.69 x
FCF Yield	8.69%	-3.62%	-10.3%	27.2%	-	12.1%	13.3%	10.3%
Price to Book	3.96 x	3.56 x	2.96 x	2.97 x	-	8.07 x	3.04 x	5.41 x
Nbr of stocks (in thousands)	3,645	3,643	3,664	3,745	4,293	4,293	-	-
Reference price ²	120.0	93.20	81.40	87.00	129.0	142.6	142.6	142.6
Announcement Date	4/22/20	4/14/21	4/21/22	4/18/23	4/23/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	487.5	117.3	151.7	497.3	693.6	735	766.3	826
EBITDA ¹	33.6	-13.2	7.8	51.4	64.7	63.13	65.67	73.1
EBIT ¹	29.1	-17.9	1.1	46	57.7	55.73	57.83	65
Operating Margin	5.97%	-15.26%	0.73%	9.25%	8.32%	7.58%	7.55%	7.87%
Earnings before Tax (EBT)	29.32	-18.39	-	-	-	-	-	-
Net income ¹	20.3	-13.7	-0.3	29.9	44.1	40.83	42.13	46
Net margin	4.16%	-11.68%	-0.2%	6.01%	6.36%	5.56%	5.5%	5.57%
EPS ²	5.490	-3.710	-0.0900	7.140	-	8.910	8.980	8.630
Free Cash Flow ¹	27.05	-8.193	-20.69	49.72	-	48.47	49.03	45.4
FCF margin	5.55%	-6.98%	-13.64%	10%	-	6.59%	6.4%	5.5%
FCF Conversion (EBITDA)	80.5%	-	-	96.72%	-	76.77%	74.67%	62.11%
FCF Conversion (Net income)	133.25%	-	-	166.27%	-	118.69%	116.38%	98.7%
Dividend per Share ²	-	-	-	3.000	-	3.437	3.497	4.360
Announcement Date	4/22/20	4/14/21	4/21/22	4/18/23	4/23/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	126	113	96.7	143	-	211	244	172
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	27	-8.19	-20.7	49.7	-	48.5	49	45.4
ROE (net income / shareholders' equity)	19.1%	-13.1%	-0.34%	25.5%	-	21.9%	25%	35.9%
ROA (Net income/ Total Assets)	-	-	-	6.4%	-	5.5%	5.1%	-
Assets ¹	-	-	-	467.3	-	742.4	826.1	-
Book Value Per Share ²	30.30	26.20	27.50	29.30	-	17.70	47.00	26.40
Cash Flow per Share ²	8.840	-1.570	-5.140	11.90	-	10.50	11.20	-
Capex ¹	5.59	2.39	0.78	4.47	-	7.5	8.03	8.1
Capex / Sales	1.15%	2.04%	0.52%	0.9%	-	1.02%	1.05%	0.98%
Announcement Date	4/22/20	4/14/21	4/21/22	4/18/23	4/23/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

142.6 EUR

Average target price

165.5 EUR

Spread / Average Target

+16.06%

	1st Jan change	Capi.
VOYAGEURS DU MONDE	+10.54%	654M
BOOKING HOLDINGS INC.	-0.74%	120B
TRIP.COM GROUP LIMITED	+40.52%	32.51B
EXPEDIA GROUP, INC.	-10.60%	18.49B
MAKEMYTRIP LIMITED	+43.61%	7.36B
TONGCHENG TRAVEL HOLDINGS LIMITED	+43.35%	6.44B
TRIPADVISOR, INC.	+27.50%	3.79B
WEBJET LIMITED	+12.47%	2.05B
SEERA HOLDING GROUP	-3.70%	1.87B
TRAINLINE PLC	-4.35%	1.75B