Financials COSOL Limited

Equities

COS

AU0000072498

Professional Information Services

Market Closed - Australian S.E. Other stock markets 01:32:36 2024-06-05 am EDT			5-day change	1st Jan Change
1.15 ^AUD	-0.86%		0.00%	+16.16%

May. 23	Euroz Hartleys Adjusts Cosol’s Price Target to AU$1.41 From AU$1.36, Keeps at Buy	MT
May. 22	COSOL Secures Contracts with QBuild, Horizon Power; Shares Up 5%	MT

Valuation

Fiscal Period: June	2022	2023	2024	2025	2026
Capitalization ¹	78.77	112.9	204.1	-	-
Enterprise Value (EV) ¹	78.77	121	216.8	213.1	204.7
P/E ratio	14.7 x	15.1 x	21.6 x	16.6 x	14 x
Yield	-	3.22%	2.26%	2.89%	3.45%
Capitalization / Revenue	-	1.5 x	1.86 x	1.57 x	1.43 x
EV / Revenue	-	1.61 x	1.97 x	1.64 x	1.43 x
EV / EBITDA	-	10.4 x	13.1 x	9.72 x	8.15 x
EV / FCF	-	26.8 x	28.2 x	15.7 x	12.3 x
FCF Yield	-	3.73%	3.55%	6.38%	8.11%
Price to Book	-	-	2.74 x	2.46 x	2.16 x
Nbr of stocks (in thousands)	141,919	147,580	177,458	-	-
Reference price ²	0.5550	0.7650	1.150	1.150	1.150
Announcement Date	8/23/22	8/22/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2022	2023	2024	2025	2026
Net sales ¹	13.51	-	75.1	109.9	129.8	142.8
EBITDA ¹	-	-	11.6	16.54	21.92	25.1
EBIT ¹	-	-	11.08	14.52	18.94	22.2
Operating Margin	-	-	14.76%	13.21%	14.6%	15.54%
Earnings before Tax (EBT) ¹	-	-	10.17	13.3	17.8	21.35
Net income ¹	-	5.533	7.986	9.5	12.71	15.2
Net margin	-	-	10.63%	8.64%	9.79%	10.64%
EPS ²	0.0160	0.0378	0.0508	0.0532	0.0691	0.0820
Free Cash Flow ¹	-	-	4.515	7.7	13.6	16.6
FCF margin	-	-	6.01%	7%	10.48%	11.62%
FCF Conversion (EBITDA)	-	-	38.92%	46.55%	62.06%	66.14%
FCF Conversion (Net income)	-	-	56.54%	81.05%	107%	109.17%
Dividend per Share ²	-	-	0.0246	0.0260	0.0333	0.0397
Announcement Date	12/10/19	8/23/22	8/22/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2021 S1	2023 S1	2023 S2	2024 S1	2024 S2
Net sales ¹	-	-	40.43	49.05	61.4
EBITDA ¹	-	-	6.667	6.53	10.1
EBIT ¹	-	-	6.289	5.707	9.1
Operating Margin	-	-	15.55%	11.63%	14.82%
Earnings before Tax (EBT) ¹	-	-	5.717	5.092	8.4
Net income ¹	1.845	3.158	4.828	3.636	6.1
Net margin	-	-	11.94%	7.41%	9.93%
EPS	0.0135	0.0213	-	-	-
Dividend per Share	-	-	-	-	-
Announcement Date	2/23/21	2/21/23	8/22/23	2/20/24	-

¹AUD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2022	2023	2024	2025	2026
Net Debt ¹	-	-	8.07	12.7	9.03	0.6
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	0.6954 x	0.7687 x	0.4118 x	0.0237 x
Free Cash Flow ¹	-	-	4.52	7.7	13.6	16.6
ROE (net income / shareholders' equity)	-	-	20.7%	16.1%	16.9%	18%
ROA (Net income/ Total Assets)	-	-	11.5%	9.3%	10.8%	12.1%
Assets ¹	-	-	69.61	102.2	118.2	125.3
Book Value Per Share ²	-	-	-	0.4200	0.4700	0.5300
Cash Flow per Share ²	-	-	0.0300	0.0600	0.0800	0.0900
Capex ¹	-	-	0.23	0.37	0.5	0.53
Capex / Sales	-	-	0.3%	0.34%	0.39%	0.37%
Announcement Date	12/10/19	8/23/22	8/22/23	-	-	-

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for COSOL Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.15 AUD

Average target price

1.215 AUD

Spread / Average Target

+5.65%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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