DEVELIA S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.64 PLN | -0.15% |
|
+0.91% | +46.26% |
| May. 17 | Develia Announces Dividend for the Year 2023, Payable on July 5, 2024 and September 6, 2024 | CI |
| May. 09 | Develia Real Estate Introduces to Offer 285 Apartments in Poznan | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,137 | 881.7 | 1,329 | 1,099 | 2,032 | 3,008 | - | - |
| Enterprise Value (EV) 1 | 1,884 | 1,343 | 1,939 | 1,394 | 2,487 | 3,316 | 3,321 | 3,277 |
| P/E ratio | 9.77 x | -6.35 x | 8.74 x | 4.72 x | 7.32 x | 10.4 x | 9.3 x | 8.42 x |
| Yield | 3.94% | 8.63% | 5.72% | - | 10.1% | 5.71% | 5.61% | 6.17% |
| Capitalization / Revenue | 1.39 x | 1.71 x | 1.46 x | 1.03 x | 1.26 x | 1.79 x | 1.57 x | 1.45 x |
| EV / Revenue | 2.3 x | 2.6 x | 2.13 x | 1.31 x | 1.55 x | 1.98 x | 1.73 x | 1.58 x |
| EV / EBITDA | 10.8 x | -19 x | 8.76 x | 4.78 x | 7.48 x | 8.74 x | 7.52 x | 6.82 x |
| EV / FCF | - | - | - | 8.37 x | 19.9 x | 28.8 x | 11.9 x | 20.4 x |
| FCF Yield | - | - | - | 11.9% | 5.03% | 3.47% | 8.41% | 4.9% |
| Price to Book | 0.76 x | 0.67 x | 0.95 x | 0.77 x | 1.31 x | 1.87 x | 1.76 x | 1.66 x |
| Nbr of stocks (in thousands) | 447,558 | 447,558 | 447,558 | 447,558 | 447,558 | 452,280 | - | - |
| Reference price 2 | 2.540 | 1.970 | 2.970 | 2.455 | 4.540 | 6.650 | 6.650 | 6.650 |
| Announcement Date | 3/12/20 | 4/8/21 | 3/30/22 | 1/15/23 | 3/29/24 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 819.3 | 517.1 | 911.9 | 1,068 | 1,608 | 1,677 | 1,917 | 2,077 |
| EBITDA 1 | 174.1 | -70.55 | 221.4 | 291.4 | 332.5 | 379.3 | 441.5 | 480.7 |
| EBIT 1 | 172.7 | -72.42 | 219.8 | 289.4 | 329.6 | 367 | 432.1 | 468.2 |
| Operating Margin | 21.08% | -14.01% | 24.1% | 27.1% | 20.5% | 21.89% | 22.55% | 22.54% |
| Earnings before Tax (EBT) 1 | 151 | -134.5 | 201.7 | 273.2 | 341 | 362.5 | 405.3 | 448 |
| Net income 1 | 117.4 | -138.8 | 153.9 | 231.8 | 275.6 | 288 | 339.1 | 360.3 |
| Net margin | 14.33% | -26.84% | 16.88% | 21.71% | 17.14% | 17.18% | 17.69% | 17.34% |
| EPS 2 | 0.2600 | -0.3100 | 0.3400 | 0.5200 | 0.6200 | 0.6400 | 0.7150 | 0.7900 |
| Free Cash Flow 1 | - | - | - | 166.5 | 125 | 115.1 | 279.2 | 160.5 |
| FCF margin | - | - | - | 15.59% | 7.77% | 6.86% | 14.57% | 7.72% |
| FCF Conversion (EBITDA) | - | - | - | 57.15% | 37.58% | 30.34% | 63.24% | 33.38% |
| FCF Conversion (Net income) | - | - | - | 71.83% | 45.34% | 39.96% | 82.33% | 44.54% |
| Dividend per Share 2 | 0.1000 | 0.1700 | 0.1700 | - | 0.4600 | 0.3800 | 0.3733 | 0.4100 |
| Announcement Date | 3/12/20 | 4/8/21 | 3/30/22 | 1/15/23 | 3/29/24 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 219.6 | 315.6 | 97.56 | 22.2 | 200.5 | 747.6 | 257.2 | 162 | 367 | 821.7 | 391.5 |
| EBITDA 1 | - | 102.5 | 31.5 | -6.557 | 51.23 | 215.2 | 70.8 | 13.78 | - | 190.7 | 98.3 |
| EBIT 1 | 49.68 | 102.1 | 31.04 | -7.054 | 50.7 | 214.7 | 70.3 | 13.17 | 47.55 | 190.3 | 95.33 |
| Operating Margin | 22.63% | 32.34% | 31.81% | -31.77% | 25.29% | 28.72% | 27.33% | 8.13% | 12.96% | 23.16% | 24.35% |
| Earnings before Tax (EBT) 1 | 35.74 | 97.78 | 15.73 | -8.365 | 42.99 | 222.9 | 72.51 | 20.74 | 55.47 | 192.3 | 94.47 |
| Net income 1 | 29.12 | 69.17 | 13.06 | 2.7 | 34.8 | 181.3 | 58.4 | 21.16 | 45.32 | 150.8 | 75.67 |
| Net margin | 13.26% | 21.92% | 13.38% | 12.16% | 17.36% | 24.25% | 22.71% | 13.06% | 12.35% | 18.35% | 19.33% |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/16/21 | 3/30/22 | 5/17/22 | 9/13/22 | 11/15/22 | 1/15/23 | 5/17/23 | 9/29/23 | 11/16/23 | 3/29/24 | - |
1PLN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 747 | 462 | 609 | 295 | 455 | 308 | 313 | 269 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.289 x | -6.543 x | 2.753 x | 1.012 x | 1.368 x | 0.813 x | 0.7098 x | 0.5605 x |
| Free Cash Flow 1 | - | - | - | 167 | 125 | 115 | 279 | 160 |
| ROE (net income / shareholders' equity) | 7.85% | -9.88% | 11.3% | 16.2% | 18.5% | 18.3% | 20.4% | 20.3% |
| ROA (Net income/ Total Assets) | - | - | - | 7.48% | 8.17% | 7.8% | 8.9% | 9% |
| Assets 1 | - | - | - | 3,099 | 3,375 | 3,693 | 3,810 | 4,003 |
| Book Value Per Share 2 | 3.330 | 2.940 | 3.130 | 3.210 | 3.460 | 3.550 | 3.770 | 4.000 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 176 | - | - | 3.44 | 6.2 | 2.53 | 2.9 | 2.53 |
| Capex / Sales | 21.54% | - | - | 0.32% | 0.39% | 0.15% | 0.15% | 0.12% |
| Announcement Date | 3/12/20 | 4/8/21 | 3/30/22 | 1/15/23 | 3/29/24 | - | - | - |
1PLN in Million2PLN
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
6.65
PLN
Average target price
7.042
PLN
Spread / Average Target
+5.89%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +46.26% | 765M | |
| +12.86% | 29.5B | |
| -6.16% | 27.93B | |
| +22.93% | 25.35B | |
| +16.61% | 25.19B | |
| +16.42% | 22.63B | |
| +32.45% | 21.24B | |
| +0.38% | 19.35B | |
| +10.20% | 18.49B | |
| +8.73% | 16.62B |
- Stock Market
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- Financials Develia S.A.
