Financials AGRANA Beteiligungs-AG

Equities

AGR

AT000AGRANA3

Food Processing

Market Closed - Wiener Boerse Other stock markets 11:35:23 2024-05-09 am EDT			Pre-market 02:24:11 am
13.5 ^EUR	+0.37%		13.52	+0.19%

Apr. 16	AGRANA Beteiligungs-Aktiengesellschaft Proposes Dividend for the Financial Year 2023-24	CI
Apr. 16	AGRANA Beteiligungs-Aktiengesellschaft Provides Earnings Guidance for the Financial Year 2024-25	CI

Valuation

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,087	1,097	1,100	1,034	1,062	843.6	-	-
Enterprise Value (EV) ¹	1,410	1,581	1,543	1,566	1,747	1,600	1,617	1,624
P/E ratio	42.4 x	22.8 x	18.3 x	-82.7 x	68 x	13 x	14.1 x	9.38 x
Yield	5.75%	4.38%	4.84%	4.53%	5.29%	6.67%	6.3%	7.04%
Capitalization / Revenue	0.45 x	0.44 x	0.43 x	0.36 x	0.29 x	0.22 x	0.22 x	0.21 x
EV / Revenue	0.58 x	0.64 x	0.61 x	0.54 x	0.48 x	0.42 x	0.43 x	0.41 x
EV / EBITDA	9.54 x	8.01 x	7.31 x	7.57 x	6.31 x	5.59 x	6.36 x	5.52 x
EV / FCF	-	-39,588,256 x	16,574,371 x	-65,827,173 x	-20,003,350 x	-	21,585,997 x	21,178,373 x
FCF Yield	-	-0%	0%	-0%	-0%	-	0%	0%
Price to Book	0.81 x	0.83 x	0.86 x	0.81 x	0.89 x	0.7 x	0.7 x	0.68 x
Nbr of stocks (in thousands)	62,489	62,489	62,489	62,489	62,489	62,489	-	-
Reference price ²	17.40	17.56	17.60	16.54	17.00	13.50	13.50	13.50
Announcement Date	5/13/19	5/7/20	5/11/21	5/12/22	5/17/23	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,443	2,481	2,547	2,902	3,637	3,787	3,796	3,926
EBITDA ¹	147.7	197.4	211	206.7	277.1	286.1	254.3	294.4
EBIT ¹	66.6	87.05	90.6	86.5	158.4	151	134	170.5
Operating Margin	2.73%	3.51%	3.56%	2.98%	4.35%	3.99%	3.53%	4.34%
Earnings before Tax (EBT) ¹	51.2	69.86	60.2	8.6	61.7	98.9	86	128.2
Net income ¹	30.4	48.16	59.8	-12.6	15.8	65.1	60.2	89.8
Net margin	1.24%	1.94%	2.35%	-0.43%	0.43%	1.72%	1.59%	2.29%
EPS ²	0.4100	0.7700	0.9600	-0.2000	0.2500	1.040	0.9600	1.440
Free Cash Flow	-	-39.93	93.11	-23.78	-87.35	-	74.9	76.7
FCF margin	-	-1.61%	3.66%	-0.82%	-2.4%	-	1.97%	1.95%
FCF Conversion (EBITDA)	-	-	44.12%	-	-	-	29.45%	26.05%
FCF Conversion (Net income)	-	-	155.71%	-	-	-	124.42%	85.41%
Dividend per Share ²	1.000	0.7700	0.8511	0.7500	0.9000	0.9000	0.8500	0.9500
Announcement Date	5/13/19	5/7/20	5/11/21	5/12/22	5/17/23	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February	2023 Q4
Net sales ¹	894.9
EBITDA ¹	66.3
EBIT ¹	36.8
Operating Margin	4.11%
Earnings before Tax (EBT)	-
Net income ¹	16.5
Net margin	1.84%
EPS	-
Dividend per Share	-
Announcement Date	5/17/23

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	322	484	444	532	685	756	773	781
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.181 x	2.45 x	2.101 x	2.574 x	2.472 x	2.644 x	3.04 x	2.652 x
Free Cash Flow	-	-39.9	93.1	-23.8	-87.3	-	74.9	76.7
ROE (net income / shareholders' equity)	1.85%	3.6%	4.44%	-0.97%	1.31%	5.43%	5%	7.33%
ROA (Net income/ Total Assets)	1.07%	1.95%	2.76%	2.24%	-	-	-	-
Assets ¹	2,838	2,467	2,164	-563.5	-	-	-	-
Book Value Per Share ²	21.60	21.20	20.40	20.50	19.10	19.20	19.30	19.90
Cash Flow per Share	2.270	1.760	2.620	0.8400	-	-	-	-
Capex	161	150	70.5	77	89.2	-	145	150
Capex / Sales	6.6%	6.05%	2.77%	2.65%	2.45%	-	3.82%	3.82%
Announcement Date	5/13/19	5/7/20	5/11/21	5/12/22	5/17/23	-	-	-

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

Ratings for AGRANA Beteiligungs-AG

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

13.5 EUR

Average target price

14.4 EUR

Spread / Average Target

+6.67%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Fruit & Vegetable Processing

	1st Jan change	Capi.
AGRANA BETEILIGUNGS-AG	-4.26%	909M
CHONGQING FULING ZHACAI GROUP CO., LTD.	+3.22%	2.36B
LONTRUE CO., LTD.	+37.83%	539M
THAI COCONUT CO.,LTD.	+72.15%	544M
CALAVO GROWERS, INC.	-3.06%	507M
TIANYUN INTERNATIONAL HOLDINGS LIMITED	-3.03%	405M
TUKAS GIDA SANAYI VE TICARET	+16.11%	362M
CHALKIS HEALTH INDUSTRY CO., LTD	-11.55%	335M
GÖKNUR GIDA MADDELERI ENERJI IMALAT ITHALAT IHRACAT TICARET VE SANAYI ANONIM SIRKETI	+31.90%	279M
BONDUELLE	-26.69%	278M

Fruit & Vegetable Processing