Financials Webuild S.p.A.

Equities

WBD

IT0003865570

Construction & Engineering

Market Closed - Borsa Italiana 11:44:59 2024-04-26 am EDT 5-day change 1st Jan Change
2.278 EUR +5.17% Intraday chart for Webuild S.p.A. +1.42% +24.69%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 699.4 1,440 1,061 2,087 1,362 2,281 2,281 -
Enterprise Value (EV) 1 1,559 2,071 1,503 1,620 1,362 1,824 1,640 1,587
P/E ratio 12.9 x -40.1 x 7.39 x -6.3 x 138 x 18.3 x 11.1 x 11.7 x
Yield 18.4% 1.87% 4.65% 2.64% - 2.61% 3.53% 4.11%
Capitalization / Revenue 0.13 x 0.27 x 0.2 x 0.32 x 0.17 x 0.18 x 0.2 x 0.19 x
EV / Revenue 0.29 x 0.39 x 0.28 x 0.25 x 0.17 x 0.18 x 0.15 x 0.13 x
EV / EBITDA 3.9 x 4.9 x 1.93 x 3.59 x 2.38 x 2.23 x 1.77 x 1.55 x
EV / FCF -3.62 x -172 x 49.3 x 1.61 x - 16.4 x -2.32 x 13.2 x
FCF Yield -27.7% -0.58% 2.03% 62.3% - 6.08% -43.1% 7.6%
Price to Book 0.83 x 0.63 x 0.74 x 1.22 x 0.85 x 1.32 x 1.29 x 1.33 x
Nbr of stocks (in thousands) 490,684 892,457 892,457 1,000,229 985,202 995,700 995,700 -
Reference price 2 1.416 1.605 1.182 2.080 1.375 2.278 2.278 2.278
Announcement Date 3/15/19 3/11/20 3/22/21 3/18/22 3/16/23 3/15/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 5,414 5,331 5,315 6,552 8,091 9,951 11,172 11,969
EBITDA 1 400 422.6 779.1 451.3 572 819 925.1 1,024
EBIT 1 221 183.9 563.3 197.6 321 475 545.9 637.7
Operating Margin 4.08% 3.45% 10.6% 3.02% 3.97% 4.77% 4.89% 5.33%
Earnings before Tax (EBT) 1 -34.21 55.91 174.1 80.27 110.8 263.5 376.9 494
Net income 1 54.2 -22.13 147 -304.9 9.893 124 198.8 196.5
Net margin 1% -0.42% 2.77% -4.65% 0.12% 1.25% 1.78% 1.64%
EPS 2 0.1100 -0.0400 0.1600 -0.3300 0.0100 0.1246 0.2049 0.1955
Free Cash Flow 1 -431.2 -12.07 30.5 1,009 - 114.8 -707 120.6
FCF margin -7.96% -0.23% 0.57% 15.39% - 1.21% -6.33% 1.01%
FCF Conversion (EBITDA) - - 3.92% 223.51% - 15.48% - 11.78%
FCF Conversion (Net income) - - 20.75% - - 87.78% - 61.37%
Dividend per Share 2 0.2600 0.0300 0.0550 0.0550 - 0.0594 0.0805 0.0937
Announcement Date 3/15/19 3/11/20 3/22/21 3/18/22 3/16/23 3/15/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2021 S1 2021 S2 2022 S1 2023 S1 2023 S2
Net sales 1 2,614 3,047 - 3,873 4,564 5,030
EBITDA 1 238.6 183.4 267.9 251.3 288.6 441
EBIT 1 137.8 47.09 150.5 124.2 138.6 302
Operating Margin 5.27% 1.55% - 3.21% 3.04% 6%
Earnings before Tax (EBT) - -10.44 - - - -
Net income - -59.36 -245.6 -5.57 -33.05 -
Net margin - -1.95% - -0.14% -0.72% -
EPS - - - - - -
Dividend per Share - - - - - -
Announcement Date 7/30/19 7/31/21 3/18/22 7/29/22 7/28/23 -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 860 631 442 - - - - -
Net Cash position 1 - - - 467 - 393 641 694
Leverage (Debt/EBITDA) 2.149 x 1.494 x 0.5672 x - - - - -
Free Cash Flow 1 -431 -12.1 30.5 1,009 - 115 -707 121
ROE (net income / shareholders' equity) 6.57% -1.98% 8.19% -20.3% 0.62% 9.28% 14.5% 15.3%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 1.700 2.560 1.600 1.700 1.620 1.720 1.770 1.710
Cash Flow per Share 2 0.5100 0.1600 0.2200 1.300 0.0300 0.4800 0.6600 -
Capex 1 119 98.9 166 205 - 411 625 505
Capex / Sales 2.2% 1.85% 3.11% 3.13% - 4.32% 5.59% 4.22%
Announcement Date 3/15/19 3/11/20 3/22/21 3/18/22 3/16/23 3/15/24 - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
2.278 EUR
Average target price
2.75 EUR
Spread / Average Target
+20.72%
Consensus

Quarterly revenue - Rate of surprise

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