Financials Gestamp Automoción, S.A.

Equities

GEST

ES0105223004

Auto, Truck & Motorcycle Parts

Real-time Estimate Tradegate Other stock markets 06:58:19 2024-05-08 am EDT			5-day change	1st Jan Change
3.005 ^EUR	+0.33%		+3.44%	-14.20%

Feb. 28	Gestamp Automoción, S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Feb. 27	Transcript : Gestamp Automoción, S.A., 2023 Earnings Call, Feb 27, 2024

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,463	2,265	2,557	2,077	2,017	1,714	-	-
Enterprise Value (EV) ¹	4,602	4,750	4,824	4,222	3,267	3,658	3,608	3,508
P/E ratio	11.6 x	-15.2 x	16.5 x	8.03 x	7.16 x	5.63 x	4.58 x	3.82 x
Yield	1.28%	-	-	-	-	5.18%	6.32%	7.44%
Capitalization / Revenue	0.27 x	0.3 x	0.32 x	0.19 x	0.16 x	0.14 x	0.13 x	0.13 x
EV / Revenue	0.51 x	0.64 x	0.6 x	0.39 x	0.27 x	0.3 x	0.28 x	0.26 x
EV / EBITDA	4.29 x	6.28 x	4.84 x	3.49 x	2.4 x	2.66 x	2.38 x	2.13 x
EV / FCF	125 x	9.84 x	15.5 x	11.5 x	9.57 x	19.5 x	14.4 x	11.2 x
FCF Yield	0.8%	10.2%	6.45%	8.69%	10.4%	5.13%	6.95%	8.93%
Price to Book	1.29 x	1.5 x	1.46 x	0.98 x	0.91 x	0.7 x	0.61 x	0.52 x
Nbr of stocks (in thousands)	574,693	574,078	574,683	574,716	575,054	572,345	-	-
Reference price ²	4.286	3.946	4.450	3.614	3.508	2.995	2.995	2.995
Announcement Date	2/27/20	2/24/21	2/28/22	2/28/23	2/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	9,065	7,456	8,093	10,726	12,274	12,243	12,923	13,472
EBITDA ¹	1,072	757	997.6	1,210	1,359	1,376	1,514	1,650
EBIT ¹	504	158	413.5	539.7	668.5	666	761.9	863.1
Operating Margin	5.56%	2.12%	5.11%	5.03%	5.45%	5.44%	5.9%	6.41%
Earnings before Tax (EBT) ¹	334.1	-166.5	277.7	391.5	414.2	451.8	556.4	710.2
Net income ¹	212	-71	155.4	260	280.7	303.7	381.9	459.9
Net margin	2.34%	-0.95%	1.92%	2.42%	2.29%	2.48%	2.95%	3.41%
EPS ²	0.3700	-0.2600	0.2700	0.4500	0.4900	0.5322	0.6544	0.7831
Free Cash Flow ¹	36.73	483	311.4	367.1	341.3	187.8	250.7	313.1
FCF margin	0.41%	6.48%	3.85%	3.42%	2.78%	1.53%	1.94%	2.32%
FCF Conversion (EBITDA)	3.43%	63.8%	31.21%	30.35%	25.11%	13.64%	16.55%	18.97%
FCF Conversion (Net income)	17.32%	-	200.4%	141.2%	121.62%	61.84%	65.64%	68.08%
Dividend per Share ²	0.0550	-	-	-	-	0.1553	0.1894	0.2229
Announcement Date	2/27/20	2/24/21	2/28/22	2/28/23	2/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2020 S1	2021 S1	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 S1	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	4,552	3,045	4,075	1,803	2,214	2,256	2,615	4,871	2,827	3,029	3,144	3,129	6,273	2,798	3,202	3,011	-	-	-	-
EBITDA ¹	551	229.2	498.1	203	296.6	254	300.2	554.2	293.1	362.3	336	363.9	699.9	310.9	348.5	318.3	-	-	-	-
EBIT ¹	260	-87	207.9	66	139.9	102	138.3	240.3	135.7	163.7	173	191	364.3	142.3	162.1	152.5	-	-	-	-
Operating Margin	5.71%	-2.86%	5.1%	3.66%	6.32%	4.52%	5.29%	4.93%	4.8%	5.4%	5.5%	6.11%	5.81%	5.08%	5.06%	5.07%	-	-	-	-
Earnings before Tax (EBT)	-	-	143.8	35.7	-	77.7	-	-	-	-	127.3	106.4	-	95.2	-	-	-	-	-	-
Net income ¹	-	-198.5	82.84	18	-	45	72.29	117.1	65.9	76.98	80	82.46	162.3	63	55.4	70.65	90.95	80.95	70.95	-
Net margin	-	-6.52%	2.03%	1%	-	1.99%	2.76%	2.4%	2.33%	2.54%	2.54%	2.64%	2.59%	2.25%	1.73%	2.35%	-	-	-	-
EPS ²	0.2000	-	-	0.0300	0.0900	0.0800	0.1200	0.2000	0.1100	-	-	-	-	-	-	0.1406	0.1580	0.1406	0.1233	-
Dividend per Share ²	-	-	-	-	-	-	0.0600	-	-	-	-	-	-	-	-	-	-	-	0.1688	-
Announcement Date	2/27/20	7/30/20	7/26/21	10/28/21	2/28/22	5/10/22	7/26/22	7/26/22	11/7/22	2/28/23	5/9/23	7/25/23	7/25/23	11/7/23	2/28/24	-	-	-	-	-

¹EUR in Million²EUR

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	2,139	2,485	2,266	2,145	1,250	1,944	1,894	1,793
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.996 x	3.283 x	2.272 x	1.774 x	0.9197 x	1.413 x	1.251 x	1.087 x
Free Cash Flow ¹	36.7	483	311	367	341	188	251	313
ROE (net income / shareholders' equity)	11.6%	-4.16%	9.52%	13.4%	13%	13.4%	13.6%	14.4%
ROA (Net income/ Total Assets)	2.62%	-0.69%	1.73%	2.78%	2.81%	2.79%	3.44%	4.2%
Assets ¹	8,084	10,228	8,999	9,341	9,985	10,892	11,087	10,951
Book Value Per Share ²	3.310	2.620	3.050	3.700	3.850	4.290	4.890	5.750
Cash Flow per Share ²	1.480	1.530	1.440	1.820	2.020	1.900	1.750	2.020
Capex ¹	796	494	516	678	822	934	957	976
Capex / Sales	8.78%	6.63%	6.38%	6.32%	6.7%	7.63%	7.41%	7.25%
Announcement Date	2/27/20	2/24/21	2/28/22	2/28/23	2/28/24	-	-	-

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

Ratings for Gestamp Automoción, S.A.

Trading Rating

Investor Rating

ESG Refinitiv

A-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.995 EUR

Average target price

4.367 EUR

Spread / Average Target

+45.80%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Auto, Truck & Motorcycle Parts

	1st Jan change	Capi.
GESTAMP AUTOMOCIÓN, S.A.	-15.05%	1.85B
DENSO CORPORATION	+24.24%	50.29B
APTIV PLC	-7.49%	22.58B
WEICHAI POWER CO., LTD.	+23.93%	20.23B
FUYAO GLASS INDUSTRY GROUP CO., LTD.	+36.35%	17.9B
HYUNDAI MOBIS CO.,LTD	-3.59%	15.27B
CONTINENTAL AG	-18.25%	13.72B
MAGNA INTERNATIONAL INC.	-18.32%	13.41B
SUMITOMO ELECTRIC INDUSTRIES, LTD.	+33.50%	12.29B
BOSCH LIMITED	+35.36%	10.46B

Other Auto, Truck & Motorcycle Parts