Financials Antin Infrastructure Partners S.A.

Equities

ANTIN

FR0014005AL0

Investment Management & Fund Operators

Market Closed - Euronext Paris 11:35:02 2024-05-10 am EDT 5-day change 1st Jan Change
13.22 EUR +2.80% Intraday chart for Antin Infrastructure Partners S.A. +7.65% -4.06%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 6,022 3,543 2,468 2,368 - -
Enterprise Value (EV) 1 5,665 3,179 2,468 1,996 2,040 2,072
P/E ratio 173 x -203 x - 17.7 x 20 x 12.1 x
Yield 0.32% 2.07% - 5.46% 5.45% 7.24%
Capitalization / Revenue 33.3 x 16.5 x 8.73 x 7.55 x 7.22 x 5.31 x
EV / Revenue 31.4 x 14.8 x 8.73 x 6.37 x 6.22 x 4.65 x
EV / EBITDA 52.3 x 26.8 x 14.1 x 10.6 x 11 x 7.31 x
EV / FCF 84.8 x 35.9 x - 15.6 x 15 x 9.93 x
FCF Yield 1.18% 2.78% - 6.41% 6.66% 10.1%
Price to Book 13.5 x 7.48 x - 4.64 x 4.92 x 4.55 x
Nbr of stocks (in thousands) 174,562 174,524 179,123 179,123 - -
Reference price 2 34.50 20.30 13.78 13.22 13.22 13.22
Announcement Date 3/24/22 3/23/23 3/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 179.6 180.6 214.2 282.9 313.6 328.2 445.6
EBITDA 1 - 108.4 118.5 175.5 187.7 185.4 283.6
EBIT 1 - 99.5 105.1 159.4 170.7 167.7 264.4
Operating Margin - 55.09% 49.07% 56.34% 54.43% 51.09% 59.34%
Earnings before Tax (EBT) 1 - 48.35 5.497 105.3 185.6 181.7 312
Net income 1 92.72 32.35 -16.8 74.8 133.9 118.5 197.9
Net margin 51.62% 17.91% -7.84% 26.44% 42.69% 36.1% 44.42%
EPS 2 - 0.2000 -0.1000 - 0.7470 0.6616 1.093
Free Cash Flow 1 - 66.8 88.5 - 127.9 135.9 208.6
FCF margin - 36.99% 41.32% - 40.79% 41.41% 46.8%
FCF Conversion (EBITDA) - 61.62% 74.68% - 68.13% 73.28% 73.55%
FCF Conversion (Net income) - 206.49% - - 95.55% 114.7% 105.36%
Dividend per Share 2 - 0.1100 0.4200 - 0.7216 0.7210 0.9576
Announcement Date 9/3/21 3/24/22 3/23/23 3/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1 2023 S1 2023 S2
Net sales 1 96.1 138.1 144.8
EBITDA 1 48 82.8 92.7
EBIT 1 - - 83.6
Operating Margin - - 57.73%
Earnings before Tax (EBT) 1 - - 67.03
Net income 1 - 19.1 55.7
Net margin - 13.83% 38.47%
EPS - - -
Dividend per Share - - -
Announcement Date 9/14/22 8/4/23 3/7/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - 358 364 - 372 328 296
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 66.8 88.5 - 128 136 209
ROE (net income / shareholders' equity) - 30.6% 17.3% - 27% 25.3% 40.2%
ROA (Net income/ Total Assets) - 23.3% 14.3% - 20.8% 21.2% 27.3%
Assets 1 - 138.9 -117.6 - 644.2 557.6 724.2
Book Value Per Share 2 - 2.560 2.710 - 2.850 2.690 2.910
Cash Flow per Share 2 - 0.4400 0.5700 - 0.8700 0.8700 1.110
Capex 1 - 5.2 15.4 - 9.95 10.1 12.1
Capex / Sales - 2.88% 7.19% - 3.17% 3.06% 2.72%
Announcement Date 9/3/21 3/24/22 3/23/23 3/7/24 - - -
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
9
Last Close Price
13.22 EUR
Average target price
16.49 EUR
Spread / Average Target
+24.73%
Consensus

Quarterly revenue - Rate of surprise

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  4. Financials Antin Infrastructure Partners S.A.
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