Financials Baltic Classifieds Group PLC

Equities

BCG

GB00BN44P254

Internet Services

Market Closed - London S.E. Other stock markets 11:35:20 2024-05-17 am EDT			5-day change	1st Jan Change
229.5 ^GBX	-2.34%		-2.96%	-2.96%

May. 09	Apax funds cut Baltic Classifieds stake to 21% with new sale	AN
May. 09	Apax Partners Sells GBP60 Million of Shares in Baltic Classifieds Group	MT

Valuation

Fiscal Period: April	2022	2023	2024	2025	2026
Capitalization ¹	784	913.6	1,302	-	-
Enterprise Value (EV) ¹	846.9	958.9	1,326	1,302	1,262
P/E ratio	321 x	39.6 x	43.1 x	31.8 x	25.7 x
Yield	0.89%	0.92%	0.98%	1.26%	1.43%
Capitalization / Revenue	15.4 x	15 x	18 x	15.8 x	13.9 x
EV / Revenue	16.6 x	15.8 x	18.4 x	15.8 x	13.4 x
EV / EBITDA	21.6 x	20.8 x	23.9 x	20.5 x	17.3 x
EV / FCF	41.5 x	22.6 x	27.6 x	23.3 x	19.4 x
FCF Yield	2.41%	4.42%	3.63%	4.3%	5.15%
Price to Book	2.35 x	2.76 x	3.92 x	3.75 x	3.38 x
Nbr of stocks (in thousands)	498,292	493,403	485,357	-	-
Reference price ²	1.573	1.852	2.682	2.682	2.682
Announcement Date	7/7/22	6/29/23	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: April	2021	2022	2023	2024	2025	2026
Net sales ¹	42.27	50.96	60.81	72.12	82.42	93.92
EBITDA ¹	-	39.28	46.04	55.38	63.51	72.95
EBIT ¹	-	38.5	45.25	54.49	62.41	71.63
Operating Margin	-	75.55%	74.41%	75.54%	75.72%	76.27%
Earnings before Tax (EBT) ¹	-	2.445	26.36	35.43	46.57	57.9
Net income ¹	-	2.399	23.22	30.54	40.5	50.08
Net margin	-	4.71%	38.17%	42.35%	49.14%	53.31%
EPS ²	-0.002100	0.004900	0.0468	0.0622	0.0844	0.1045
Free Cash Flow ¹	-	20.4	42.41	48.1	55.97	65
FCF margin	-	40.02%	69.74%	66.69%	67.91%	69.2%
FCF Conversion (EBITDA)	-	51.92%	92.11%	86.85%	88.12%	89.1%
FCF Conversion (Net income)	-	850.15%	182.68%	157.48%	138.19%	129.81%
Dividend per Share ²	-	0.0140	0.0170	0.0263	0.0338	0.0382
Announcement Date	6/25/21	7/7/22	6/29/23	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: April	2022 S1	2024 S1
Net sales ¹	-	35.79
EBITDA ¹	-	27.81
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income	-7.638	-
Net margin	-	-
EPS	-0.0160	-
Dividend per Share ²	-	0.0100
Announcement Date	12/15/21	12/6/23

¹EUR in Million²EUR

Estimates

Balance Sheet Analysis

Fiscal Period: April	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	62.9	45.3	24	0.57	-
Net Cash position ¹	-	-	-	-	-	39.9
Leverage (Debt/EBITDA)	-	1.601 x	0.9837 x	0.4334 x	0.008922 x	-
Free Cash Flow ¹	-	20.4	42.4	48.1	56	65
ROE (net income / shareholders' equity)	-	4.11%	11.5%	13.6%	15.1%	16.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	-	0.6700	0.6700	0.6900	0.7200	0.7900
Cash Flow per Share ²	-	0.0400	0.0900	0.1000	0.1100	0.1300
Capex ¹	-	0.43	0.25	0.53	0.43	0.45
Capex / Sales	-	0.85%	0.41%	0.74%	0.52%	0.48%
Announcement Date	6/25/21	7/7/22	6/29/23	-	-	-

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 Baltic Classifieds Group PLC

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.682 EUR

Average target price

2.886 EUR

Spread / Average Target

+7.62%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Internet Services

	1st Jan change	Capi.
BALTIC CLASSIFIEDS GROUP PLC	-2.96%	1.45B
TENCENT HOLDINGS LIMITED	+34.54%	472B
UBER TECHNOLOGIES, INC.	+6.66%	138B
PROSUS N.V.	+32.61%	98.36B
AIRBNB, INC.	+6.99%	93.44B
SPOTIFY TECHNOLOGY S.A.	+61.15%	59.13B
DOORDASH, INC.	+18.75%	47.5B
NASPERS LIMITED	+24.94%	39.41B
COSTAR GROUP, INC.	+0.13%	35.99B
PINTEREST, INC.	+15.50%	29.22B

Other Internet Services