Financials Bilia AB

Equities

BILI A

SE0009921588

Auto Vehicles, Parts & Service Retailers

Market Closed - Nasdaq Stockholm Other stock markets 11:29:34 2024-05-10 am EDT			5-day change	1st Jan Change
145.2 ^SEK	+1.97%		+4.54%	+7.88%

Apr. 24	Bilia AB Approves Dividend Payment, Payable on May 2, 2024, July 11, 2024, October 10, 2024 and January 10, 2025	CI
Apr. 24	Transcript : Bilia AB, Q1 2024 Earnings Call, Apr 24, 2024

Valuation

Fiscal Period: December	2019	2022	2023	2024	2025	2026
Capitalization ¹	10,731	10,514	12,381	13,356	-	-
Enterprise Value (EV) ¹	10,731	10,514	14,824	20,046	19,387	18,694
P/E ratio	13.3 x	6.56 x	13.3 x	12.8 x	10.6 x	10.3 x
Yield	4.94%	-	4.9%	5.03%	5.44%	6.37%
Capitalization / Revenue	0.36 x	-	0.32 x	0.35 x	0.32 x	0.32 x
EV / Revenue	0.36 x	-	0.38 x	0.52 x	0.47 x	0.45 x
EV / EBITDA	4.5 x	-	5.81 x	6.9 x	5.92 x	5.58 x
EV / FCF	-	-	13.3 x	14.4 x	12.4 x	10.5 x
FCF Yield	-	-	7.5%	6.93%	8.06%	9.56%
Price to Book	3.37 x	-	2.56 x	2.49 x	2.25 x	2.05 x
Nbr of stocks (in thousands)	100,951	91,984	91,984	91,984	-	-
Reference price ²	106.3	114.3	134.6	145.2	145.2	145.2
Announcement Date	2/12/20	2/8/23	2/7/24	-	-	-

¹SEK in Million²SEK

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2022	2023	2024	2025	2026
Net sales ¹	29,508	-	38,514	38,701	41,141	42,005
EBITDA ¹	2,385	-	2,552	2,903	3,273	3,347
EBIT ¹	1,239	-	1,416	1,626	1,899	1,923
Operating Margin	4.2%	-	3.68%	4.2%	4.62%	4.58%
Earnings before Tax (EBT) ¹	1,014	-	1,159	1,300	1,572	1,628
Net income ¹	807	1,622	931	1,044	1,259	1,300
Net margin	2.73%	-	2.42%	2.7%	3.06%	3.1%
EPS ²	8.000	17.43	10.10	11.35	13.69	14.14
Free Cash Flow ¹	-	-	1,112	1,388	1,562	1,786
FCF margin	-	-	2.89%	3.59%	3.8%	4.25%
FCF Conversion (EBITDA)	-	-	43.57%	47.82%	47.73%	53.37%
FCF Conversion (Net income)	-	-	119.44%	132.99%	124.11%	137.39%
Dividend per Share ²	5.250	-	6.600	7.300	7.900	9.250
Announcement Date	2/12/20	2/8/23	2/7/24	-	-	-

¹SEK in Million²SEK

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	-	9,826	8,708	10,108	9,371	9,444	8,566	11,320	11,305	10,701
EBITDA ¹	-	831	672	643	573	808	695	937	826	924
EBIT ¹	-	-	335	354	287	451	344	543	391	529
Operating Margin	-	-	3.85%	3.5%	3.06%	4.78%	4.02%	4.8%	3.46%	4.94%
Earnings before Tax (EBT) ¹	-	330	216	293	201	382	275	474	322	-
Net income ¹	251	262	169	250	156	304	219	377	256	369
Net margin	-	2.67%	1.94%	2.47%	1.66%	3.22%	2.56%	3.33%	2.26%	3.45%
EPS ²	2.730	2.840	1.830	2.710	1.700	3.300	2.380	4.090	2.780	4.010
Dividend per Share	-	-	-	-	-	-	-	-	-	-
Announcement Date	4/26/23	7/21/23	10/24/23	2/7/24	4/24/24	-	-	-	-	-

¹SEK in Million²SEK

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2022	2023	2024	2025	2026
Net Debt ¹	-	-	2,443	6,690	6,031	5,338
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	0.9573 x	2.304 x	1.842 x	1.595 x
Free Cash Flow ¹	-	-	1,112	1,389	1,563	1,787
ROE (net income / shareholders' equity)	26.5%	-	19.1%	20.5%	22.3%	20.8%
ROA (Net income/ Total Assets)	5.73%	-	4.73%	5.29%	6.18%	6.24%
Assets ¹	14,076	-	19,698	19,748	20,382	20,828
Book Value Per Share ²	31.60	-	52.50	58.20	64.60	70.70
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	582	-	479	482	535	584
Capex / Sales	1.97%	-	1.24%	1.25%	1.3%	1.39%
Announcement Date	2/12/20	2/8/23	2/7/24	-	-	-

¹SEK in Million²SEK

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Bilia AB

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

145.2 SEK

Average target price

148 SEK

Spread / Average Target

+1.93%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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