Financials NETGEM

Equities

Real-time Euronext Paris Other stock markets 05:53:54 2024-05-08 am EDT			5-day change	1st Jan Change
0.94 ^EUR	+0.64%		+0.86%	-6.00%

Apr. 30	Netgem SA Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Jan. 31	Netgem: expected growth of around 10% in 2024	CF

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	27.06	31.29	47.99	26.94	33.41	31.21	-
Enterprise Value (EV) ¹	20.06	29.49	43.99	23.64	33.41	26.16	21.41
P/E ratio	-4.81 x	4.1 x	-33.3 x	-	50 x	11.7 x	7.18 x
Yield	10.4%	-	1.8%	5.42%	-	5.35%	5.35%
Capitalization / Revenue	1.07 x	1.03 x	1.7 x	0.74 x	0.94 x	0.88 x	0.84 x
EV / Revenue	0.79 x	0.97 x	1.55 x	0.65 x	0.94 x	0.73 x	0.58 x
EV / EBITDA	28.7 x	32.8 x	10.2 x	3.46 x	4.28 x	3.01 x	2.34 x
EV / FCF	-79.9 x	-7.64 x	-299 x	30.2 x	-	8.17 x	3.29 x
FCF Yield	-1.25%	-13.1%	-0.33%	3.32%	-	12.2%	30.4%
Price to Book	1.91 x	1.3 x	2.13 x	1.15 x	-	1.17 x	1.06 x
Nbr of stocks (in thousands)	28,124	30,531	28,821	29,221	33,412	33,412	-
Reference price ²	0.9620	1.025	1.665	0.9220	1.000	0.9340	0.9340
Announcement Date	3/20/20	3/19/21	3/31/22	4/28/23	3/28/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	25.3	30.3	28.3	36.3	35.6	35.65	37.1
EBITDA ¹	0.7	0.9	4.3	6.825	7.8	8.7	9.15
EBIT ¹	-0.1	-6	-4.4	-2.122	0.4	3.1	4.95
Operating Margin	-0.4%	-19.8%	-15.55%	-5.85%	1.12%	8.7%	13.34%
Earnings before Tax (EBT)	-	4.1	-	-	-	-	-
Net income ¹	-7	7.2	-1.3	0.108	0.5	2.75	4.45
Net margin	-27.67%	23.76%	-4.59%	0.3%	1.4%	7.71%	11.99%
EPS ²	-0.2000	0.2500	-0.0500	-	0.0200	0.0800	0.1300
Free Cash Flow ¹	-0.251	-3.861	-0.147	0.784	-	3.2	6.5
FCF margin	-0.99%	-12.74%	-0.52%	2.16%	-	8.98%	17.52%
FCF Conversion (EBITDA)	-	-	-	11.49%	-	36.78%	71.04%
FCF Conversion (Net income)	-	-	-	725.93%	-	116.36%	146.07%
Dividend per Share ²	0.1000	-	0.0300	0.0500	-	0.0500	0.0500
Announcement Date	3/20/20	3/19/21	3/31/22	4/28/23	3/28/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	7	1.8	4	3.3	-	5.05	9.8
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-0.25	-3.86	-0.15	0.78	-	3.2	6.5
ROE (net income / shareholders' equity)	-35.3%	36.1%	-5.38%	0.45%	-	11.8%	14.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	0.5000	0.7900	0.7800	0.8000	-	0.8000	0.8800
Cash Flow per Share ²	-	0.1500	0.2200	-	-	0.2500	0.2600
Capex ¹	1.98	8.1	6.59	6.28	-	3.95	2.75
Capex / Sales	7.82%	26.72%	23.28%	17.29%	-	11.08%	7.41%
Announcement Date	3/20/20	3/19/21	3/31/22	4/28/23	3/28/24	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.934 EUR

Average target price

1.8 EUR

Spread / Average Target

+92.72%