Financials Wielton S.A.

Equities

Market Closed - Warsaw S.E. Other stock markets 11:55:40 2024-04-30 am EDT			5-day change	1st Jan Change
7.8 ^PLN	-1.14%		-2.50%	-17.89%

Jan. 15	Wielton S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Wielton S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	596.5	359.2	407.5	543.4	430.5	470.9	470.9	-
Enterprise Value (EV) ¹	942.3	757.4	769.8	543.4	921.3	935.9	984.9	1,085
P/E ratio	8.59 x	6.26 x	-	-	-	-	-	-
Yield	2.53%	5.55%	-	-	-	-	-	-
Capitalization / Revenue	0.29 x	0.15 x	0.22 x	0.2 x	0.13 x	0.14 x	0.16 x	0.15 x
EV / Revenue	0.46 x	0.32 x	0.42 x	0.2 x	0.27 x	0.29 x	0.34 x	0.34 x
EV / EBITDA	7.26 x	5.34 x	8.02 x	4.21 x	4.54 x	4.57 x	7.09 x	6.03 x
EV / FCF	-49.1 x	27.9 x	9.15 x	-	-	11.8 x	246 x	-20.9 x
FCF Yield	-2.03%	3.58%	10.9%	-	-	8.44%	0.41%	-4.79%
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	60,375	60,375	60,375	60,375	60,375	60,375	60,375	-
Reference price ²	9.880	5.950	6.750	9.000	7.130	7.800	7.800	7.800
Announcement Date	4/17/19	4/30/20	4/27/21	4/13/22	4/20/23	-	-	-

¹PLN in Million²PLN

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	2,068	2,343	1,817	2,696	3,433	3,267	2,875	3,150
EBITDA ¹	129.8	141.8	96.04	129	203	205	139	180
EBIT ¹	96.08	89.69	37.02	79.29	130.9	149	75	110
Operating Margin	4.65%	3.83%	2.04%	2.94%	3.81%	4.56%	2.61%	3.49%
Earnings before Tax (EBT)	83.54	80.47	19.99	-	-	-	-	-
Net income	69.37	57.64	31.11	-	-	-	-	-
Net margin	3.35%	2.46%	1.71%	-	-	-	-	-
EPS	1.150	0.9500	-	-	-	-	-	-
Free Cash Flow ¹	-19.17	27.11	84.18	-	-	79	4	-52
FCF margin	-0.93%	1.16%	4.63%	-	-	2.42%	0.14%	-1.65%
FCF Conversion (EBITDA)	-	19.11%	87.65%	-	-	38.54%	2.88%	-
FCF Conversion (Net income)	-	47.03%	270.56%	-	-	-	-	-
Dividend per Share	0.2500	0.3300	-	-	-	-	-	-
Announcement Date	4/17/19	4/30/20	4/27/21	4/13/22	4/20/23	-	-	-

¹PLN in Million

Estimates

Fiscal Period: December	2019 S1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3
Net sales ¹	1,326	675.3	620.9	767.2	-	822	859.7	937.5	848.8	852.4	741.5
EBITDA ¹	85.42	47.82	28.61	23.63	-	61.1	48.24	57.18	45.78	62.76	72.96
EBIT ¹	59.63	31.35	12.04	7.87	-	43.79	30.94	37.76	26.44	43.71	55.31
Operating Margin	4.5%	4.64%	1.94%	1.03%	-	5.33%	3.6%	4.03%	3.11%	5.13%	7.46%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	8.973	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	0.1500	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	9/18/19	9/16/21	11/18/21	4/13/22	5/26/22	9/15/22	11/17/22	4/20/23	5/25/23	9/14/23	11/16/23

¹PLN in Million

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	346	398	362	-	491	465	514	614
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.663 x	2.808 x	3.772 x	-	2.417 x	2.268 x	3.698 x	3.411 x
Free Cash Flow ¹	-19.2	27.1	84.2	-	-	79	4	-52
ROE (net income / shareholders' equity)	21.4%	16.2%	-	-	-	-	-	-
ROA (Net income/ Total Assets)	5.86%	-	-	-	-	-	-	-
Assets	1,183	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	85.7	81	65	-	-	141	180	191
Capex / Sales	4.14%	3.46%	3.58%	-	-	4.32%	6.26%	6.06%
Announcement Date	4/17/19	4/30/20	4/27/21	4/13/22	4/20/23	-	-	-

¹PLN in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

7.8 PLN

Average target price

9.1 PLN

Spread / Average Target

+16.67%

	1st Jan change	Capi.
WIELTON S.A.	-17.89%	118M
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