Financials Auction Technology Group plc

Equities

ATG

GB00BMVQDZ64

Internet Services

Market Closed - London S.E. Other stock markets 11:35:05 2024-05-17 am EDT			5-day change	1st Jan Change
584 ^GBX	+3.55%		+20.91%	+11.88%

May. 16	FTSE 100 dragged down by Sage Group and easyJet	AN
May. 16	Auction Technology reaffirms guidance after compelling first half	AN

Valuation

Fiscal Period: September	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,596	858.1	792.2	709.7	-	-
Enterprise Value (EV) ¹	1,349	989	908.1	796.8	755.1	707
P/E ratio	-39.6 x	-140 x	47.3 x	71.8 x	42.4 x	30.3 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	22.8 x	7.16 x	5.86 x	5.06 x	4.64 x	4.22 x
EV / Revenue	19.2 x	8.25 x	6.72 x	5.69 x	4.93 x	4.2 x
EV / EBITDA	42.4 x	18.3 x	14.2 x	12.4 x	10.7 x	9.06 x
EV / FCF	140 x	28.3 x	22.5 x	20.9 x	17 x	14.1 x
FCF Yield	0.71%	3.53%	4.45%	4.79%	5.87%	7.1%
Price to Book	-	1.62 x	1.5 x	1.37 x	1.32 x	1.25 x
Nbr of stocks (in thousands)	120,000	120,525	121,316	121,523	-	-
Reference price ²	13.30	7.120	6.530	5.840	5.840	5.840
Announcement Date	12/2/21	12/1/22	11/30/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	45.32	70.08	119.8	135.2	140.1	153.1	168.4
EBITDA ¹	-	31.8	53.95	63.96	64.29	70.66	78.08
EBIT ¹	-	13.03	48.63	58.91	57.65	64.29	71.24
Operating Margin	-	18.6%	40.58%	43.57%	41.14%	42%	42.32%
Earnings before Tax (EBT) ¹	-	-27.31	9.279	7.146	13.49	21.78	28.58
Net income ¹	-15.95	-29.63	-6.127	16.94	9.972	17.18	24.43
Net margin	-35.2%	-42.28%	-5.11%	12.53%	7.12%	11.23%	14.51%
EPS ²	-0.1500	-0.3360	-0.0510	0.1380	0.0814	0.1376	0.1929
Free Cash Flow ¹	-	9.627	34.95	40.42	38.2	44.34	50.2
FCF margin	-	13.74%	29.16%	29.89%	27.25%	28.96%	29.82%
FCF Conversion (EBITDA)	-	30.27%	64.78%	63.2%	59.41%	62.74%	64.3%
FCF Conversion (Net income)	-	-	-	238.65%	383.03%	257.99%	205.5%
Dividend per Share ²	-	-	-	-	-	-	-
Announcement Date	2/1/21	12/2/21	12/1/22	11/30/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September	2023 S1
Net sales ¹	67.3
EBITDA ¹	31.5
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	5/17/23

¹GBP in Million

Estimates

Balance Sheet Analysis

Fiscal Period: September	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	131	116	87.1	45.4	-
Net Cash position ¹	-	247	-	-	-	-	2.7
Leverage (Debt/EBITDA)	-	-	2.426 x	1.813 x	1.355 x	0.6423 x	-
Free Cash Flow ¹	-	9.63	34.9	40.4	38.2	44.3	50.2
ROE (net income / shareholders' equity)	-	3.13%	7.38%	7.5%	7.38%	8.17%	8.85%
ROA (Net income/ Total Assets)	-	1.57%	5.07%	-	5.45%	6.53%	7.54%
Assets ¹	-	-1,883	-121	-	183.1	263.3	324.2
Book Value Per Share ²	-	-	4.400	4.360	4.250	4.420	4.650
Cash Flow per Share ²	-	-	0.3200	0.4000	0.3300	0.3700	0.4300
Capex ¹	-	2.11	4.48	9.14	9.09	7.26	7.06
Capex / Sales	-	3%	3.74%	6.76%	6.49%	4.74%	4.19%
Announcement Date	2/1/21	12/2/21	12/1/22	11/30/23	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Auction Technology Group plc

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.84 GBP

Average target price

7.467 GBP

Spread / Average Target

+27.85%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector E-commerce & Auction Services

	1st Jan change	Capi.
AUCTION TECHNOLOGY GROUP PLC	+11.88%	902M
ALIBABA GROUP HOLDING LIMITED	+14.23%	215B
PDD HOLDINGS INC.	-0.08%	203B
MEITUAN INC.	+52.63%	99.28B
MERCADOLIBRE, INC.	+11.30%	88.68B
SHOPIFY INC.	-24.87%	75.43B
COPART, INC.	+11.22%	52.4B
EBAY INC.	+18.07%	26.07B
RAKUTEN GROUP, INC.	+26.69%	10.98B
VIPSHOP HOLDINGS LIMITED	-2.48%	9.39B

E-commerce & Auction Services