BRANICKS GROUP AG |
Market Closed -
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|
After market 03:00:18 pm | |||
| 1.626 EUR | -4.47% |
|
1.684 | +3.57% |
| Apr. 30 | Branicks Group AG Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Apr. 30 | Transcript : Branicks Group AG, 2023 Earnings Call, Apr 30, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,148 | 1,085 | 1,258 | 633.6 | 281.4 | 142.2 | - | - |
| Enterprise Value (EV) 1 | 2,318 | 2,196 | 2,884 | 3,545 | 281.4 | 2,548 | 2,452 | 2,390 |
| P/E ratio | 14.1 x | 15.3 x | 21.6 x | 20.1 x | -4.27 x | -14.2 x | -27.2 x | 10 x |
| Yield | 4.15% | 5.2% | 4.88% | 9.84% | - | 4.23% | 7.87% | - |
| Capitalization / Revenue | 11.3 x | 10.8 x | 11.6 x | 3.6 x | 1.49 x | 0.86 x | 0.83 x | 0.82 x |
| EV / Revenue | 22.7 x | 21.8 x | 26.6 x | 20.1 x | 1.49 x | 15.4 x | 14.3 x | 13.8 x |
| EV / EBITDA | 15.9 x | 15.2 x | 18.2 x | 18.2 x | 1.71 x | 16.7 x | 15.7 x | 19.8 x |
| EV / FCF | 46.7 x | -358 x | 67.2 x | 33.4 x | - | 12 x | 30.9 x | 217 x |
| FCF Yield | 2.14% | -0.28% | 1.49% | 2.99% | - | 8.32% | 3.24% | 0.46% |
| Price to Book | 1.19 x | 0.99 x | 1.11 x | 0.57 x | - | 0.13 x | 0.13 x | 0.11 x |
| Nbr of stocks (in thousands) | 72,214 | 80,587 | 81,861 | 83,152 | 83,381 | 83,566 | - | - |
| Reference price 2 | 15.90 | 13.46 | 15.37 | 7.620 | 3.375 | 1.702 | 1.702 | 1.702 |
| Announcement Date | 2/5/20 | 2/10/21 | 2/9/22 | 2/15/23 | 4/30/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 101.9 | 100.7 | 108.4 | 176 | 188.3 | 166 | 171.5 | 172.8 |
| EBITDA 1 | 146.1 | 145 | 158.6 | 194.4 | 164.5 | 152.8 | 156.2 | 121 |
| EBIT 1 | 111.9 | 106.2 | 115.6 | 101.6 | 2.035 | 79.92 | 82.49 | 71.43 |
| Operating Margin | 109.82% | 105.44% | 106.66% | 57.73% | 1.08% | 48.15% | 48.1% | 41.33% |
| Earnings before Tax (EBT) 1 | 97.86 | 89.46 | 72.44 | 59.91 | -84.33 | -14.32 | 1.885 | -34 |
| Net income 1 | 80.91 | 70.01 | 57.8 | 31.02 | -65.96 | -11.32 | -5.533 | 14.05 |
| Net margin | 79.4% | 69.53% | 53.32% | 17.63% | -35.03% | -6.82% | -3.23% | 8.13% |
| EPS 2 | 1.130 | 0.8800 | 0.7100 | 0.3800 | -0.7900 | -0.1200 | -0.0625 | 0.1700 |
| Free Cash Flow 1 | 49.68 | -6.139 | 42.92 | 106.1 | - | 212 | 79.4 | 11 |
| FCF margin | 48.75% | -6.1% | 39.6% | 60.3% | - | 127.69% | 46.3% | 6.36% |
| FCF Conversion (EBITDA) | 33.99% | - | 27.06% | 54.58% | - | 138.73% | 50.83% | 9.09% |
| FCF Conversion (Net income) | 61.4% | - | 74.27% | 342.01% | - | - | - | 78.27% |
| Dividend per Share 2 | 0.6600 | 0.7000 | 0.7500 | 0.7500 | - | 0.0720 | 0.1340 | - |
| Announcement Date | 2/5/20 | 2/10/21 | 2/9/22 | 2/15/23 | 4/30/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S1 | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 49.7 | 51.39 | - | 30.42 | 50.21 | 75.22 | 49.7 | 51.03 | 46.45 | 96.89 | 45.97 | 45.41 |
| EBITDA 1 | 45.38 | 67.2 | - | - | 60.7 | 91.2 | 44 | 59.2 | 37.7 | 84.7 | 36.9 | 42.9 |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 28.63 | - | - | - | 24.11 | 34.86 | 6.082 | 18.96 | -23.24 | -20.62 | -4.904 | -58.81 |
| Net income 1 | 25.9 | 28.46 | 0.0135 | - | - | - | - | - | - | - | -4.497 | -44.55 |
| Net margin | 52.11% | 55.39% | - | - | - | - | - | - | - | - | -9.78% | -98.1% |
| EPS | - | - | 0.1600 | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/1/19 | 7/29/20 | 11/11/21 | 2/9/22 | 8/2/22 | 8/2/22 | 11/9/22 | 2/15/23 | 8/3/23 | 8/3/23 | 10/30/23 | 4/30/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,169 | 1,111 | 1,626 | 2,911 | - | 2,406 | 2,310 | 2,248 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 8.001 x | 7.667 x | 10.25 x | 14.98 x | - | 15.75 x | 14.79 x | 18.58 x |
| Free Cash Flow 1 | 49.7 | -6.14 | 42.9 | 106 | - | 212 | 79.4 | 11 |
| ROE (net income / shareholders' equity) | 8.71% | 6.78% | 5.18% | 2.78% | - | -0.35% | 0.4% | - |
| ROA (Net income/ Total Assets) | 3.14% | 2.6% | 1.9% | 0.72% | - | 0.1% | 0.3% | - |
| Assets 1 | 2,574 | 2,691 | 3,042 | 4,337 | - | -11,325 | -1,844 | - |
| Book Value Per Share 2 | 13.40 | 13.70 | 13.80 | 13.30 | - | 13.40 | 13.60 | 15.70 |
| Cash Flow per Share | 0.9000 | 0.8500 | - | - | - | - | - | - |
| Capex 1 | 304 | 5.69 | 16.9 | 52 | - | 5.5 | 4.5 | - |
| Capex / Sales | 298.04% | 5.65% | 15.56% | 29.55% | - | 3.31% | 2.62% | - |
| Announcement Date | 2/5/20 | 2/10/21 | 2/9/22 | 2/15/23 | 4/30/24 | - | - | - |
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+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
1.702
EUR
Average target price
3.217
EUR
Spread / Average Target
+88.99%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -51.82% | 153M | |
| -6.93% | 3.17B | |
| -7.67% | 2.49B | |
| -23.10% | 1.62B | |
| +13.30% | 1.05B | |
| +4.91% | 906M | |
| -3.57% | 693M | |
| -12.98% | 600M | |
| 0.00% | 462M | |
| -16.46% | 400M |
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