Financials Redde Northgate plc

Equities

Market Closed - London S.E. Other stock markets 11:35:10 2024-04-26 am EDT			5-day change	1st Jan Change
382 ^GBX	+0.39%		+2.69%	+5.09%

Apr. 26	Redde Northgate to change name to Zigup in mobility solutions focus	AN
Apr. 26	THE FTSE 100 is on a roll

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	484.1	439.5	893.2	961.1	853.3	864.7	-	-
Enterprise Value (EV) ¹	923.4	1,015	1,423	1,544	1,548	1,577	1,647	1,735
P/E ratio	9.74 x	36.7 x	13.9 x	9.83 x	6.41 x	7.31 x	9.03 x	10 x
Yield	4.97%	7.29%	4.23%	5.29%	6.38%	6.46%	6.64%	6.84%
Capitalization / Revenue	0.65 x	0.56 x	0.81 x	0.77 x	0.57 x	0.51 x	0.49 x	0.48 x
EV / Revenue	1.24 x	1.3 x	1.28 x	1.24 x	1.04 x	0.93 x	0.94 x	0.95 x
EV / EBITDA	3.44 x	3.58 x	4.71 x	4.21 x	3.75 x	3.7 x	3.79 x	3.86 x
EV / FCF	45.3 x	47 x	8.65 x	20.1 x	386 x	-613 x	-1,243 x	-140 x
FCF Yield	2.21%	2.13%	11.6%	4.96%	0.26%	-0.16%	-0.08%	-0.72%
Price to Book	0.87 x	0.51 x	0.99 x	1.02 x	0.87 x	0.81 x	0.79 x	0.78 x
Nbr of stocks (in thousands)	131,550	244,707	245,381	242,080	226,944	226,354	-	-
Reference price ²	3.680	1.796	3.640	3.970	3.760	3.820	3.820	3.820
Announcement Date	6/25/19	9/16/20	7/7/21	7/6/22	7/5/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	745.5	779.3	1,109	1,244	1,490	1,703	1,750	1,819
EBITDA ¹	268.4	283.8	302.3	366.7	412.2	426.5	434.3	449.4
EBIT ¹	76.2	74.82	105.5	164	189.2	205.8	199.2	194.7
Operating Margin	10.22%	9.6%	9.5%	13.19%	12.7%	12.08%	11.39%	10.7%
Earnings before Tax (EBT) ¹	60.41	-	67.18	132.7	178.7	157.4	131.6	129
Net income ¹	51.42	7.676	65.57	101.5	139.2	116.4	95.37	93.37
Net margin	6.9%	0.98%	5.91%	8.17%	9.34%	6.83%	5.45%	5.13%
EPS ²	0.3780	0.0490	0.2620	0.4040	0.5870	0.5225	0.4231	0.3820
Free Cash Flow ¹	20.4	21.6	164.5	76.61	4.005	-2.575	-1.325	-12.42
FCF margin	2.74%	2.77%	14.83%	6.16%	0.27%	-0.15%	-0.08%	-0.68%
FCF Conversion (EBITDA)	7.6%	7.61%	54.41%	20.89%	0.97%	-	-	-
FCF Conversion (Net income)	39.67%	281.4%	250.9%	75.44%	2.88%	-	-	-
Dividend per Share ²	0.1830	0.1310	0.1540	0.2100	0.2400	0.2469	0.2536	0.2612
Announcement Date	6/25/19	9/16/20	7/7/21	7/6/22	7/5/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	439	576	530	583	694	713	782	870
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.636 x	2.029 x	1.754 x	1.588 x	1.685 x	1.671 x	1.801 x	1.937 x
Free Cash Flow ¹	20.4	21.6	165	76.6	4.01	-2.58	-1.33	-12.4
ROE (net income / shareholders' equity)	9.33%	6.62%	7.37%	13.5%	13.2%	13.4%	11.2%	8.67%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	4.230	3.540	3.690	3.880	4.340	4.730	4.860	4.880
Cash Flow per Share ²	2.010	1.540	1.010	1.160	1.490	0.9100	0.9800	0.9000
Capex ¹	244	214	88.3	215	278	403	456	482
Capex / Sales	32.72%	27.42%	7.96%	17.31%	18.67%	23.68%	26.08%	26.5%
Announcement Date	6/25/19	9/16/20	7/7/21	7/6/22	7/5/23	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3.82 GBP

Average target price

4.517 GBP

Spread / Average Target

+18.24%

	1st Jan change	Capi.
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