Financials Strabag SE

Equities

Market Closed - Wiener Boerse Other stock markets 11:35:18 2024-04-26 am EDT			5-day change	1st Jan Change
40.5 ^EUR	+1.50%		+6.30%	-2.17%

Apr. 25	Strabag SE Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Apr. 22	Strabag SE acquired Naporo Klima Dämmstoff GmbH from Synthesa Chemie Gesellschaft M.B.H.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,181	2,919	3,760	4,012	4,248	4,788	-	-
Enterprise Value (EV) ¹	2,142	949.9	1,724	2,112	4,248	2,659	2,378	4,788
P/E ratio	8.56 x	7.39 x	6.42 x	8.5 x	6.57 x	8.73 x	8.84 x	-
Yield	2.9%	6.68%	5.46%	5.12%	-	4.94%	4.94%	-
Capitalization / Revenue	0.2 x	0.2 x	0.25 x	0.24 x	0.24 x	0.26 x	0.26 x	-
EV / Revenue	0.14 x	0.06 x	0.11 x	0.12 x	0.24 x	0.15 x	0.13 x	-
EV / EBITDA	1.92 x	0.81 x	1.19 x	1.68 x	2.99 x	1.97 x	1.73 x	-
EV / FCF	5 x	1.15 x	2.26 x	11.6 x	-	4.58 x	3.94 x	7.64 x
FCF Yield	20%	87.2%	44.3%	8.63%	-	21.8%	25.4%	13.1%
Price to Book	0.83 x	0.71 x	0.93 x	1 x	-	0.99 x	0.93 x	-
Nbr of stocks (in thousands)	102,600	102,600	102,600	102,600	102,600	118,222	-	-
Reference price ²	31.00	28.45	36.65	39.10	41.40	40.50	40.50	40.50
Announcement Date	4/29/20	4/30/21	4/29/22	4/27/23	4/25/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	15,669	14,750	15,299	17,026	17,667	18,242	18,607	-
EBITDA ¹	1,113	1,174	1,446	1,257	1,418	1,351	1,374	-
EBIT ¹	602.6	630.7	896.1	706.4	880.2	787.3	806.5	840.4
Operating Margin	3.85%	4.28%	5.86%	4.15%	4.98%	4.32%	4.33%	-
Earnings before Tax (EBT) ¹	577.2	610	883.5	717.1	924.3	812	800.4	-
Net income ¹	371.7	395.2	585.7	472.5	630.5	535.9	528.3	-
Net margin	2.37%	2.68%	3.83%	2.78%	3.57%	2.94%	2.84%	-
EPS ²	3.620	3.850	5.710	4.600	6.300	4.640	4.580	-
Free Cash Flow ¹	428.5	828.7	764.2	182.3	-	580.4	603.8	627
FCF margin	2.73%	5.62%	5%	1.07%	-	3.18%	3.25%	-
FCF Conversion (EBITDA)	38.49%	70.56%	52.86%	14.5%	-	42.95%	43.95%	-
FCF Conversion (Net income)	115.28%	209.68%	130.48%	38.59%	-	108.3%	114.29%	-
Dividend per Share ²	0.9000	1.900	2.000	2.000	-	2.000	2.000	-
Announcement Date	4/29/20	4/30/21	4/29/22	4/27/23	4/25/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	1,039	1,969	2,036	1,900	-	2,129	2,410	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	428	829	764	182	-	580	604	627
ROE (net income / shareholders' equity)	9.99%	9.92%	14.4%	11.7%	-	11.7%	10.8%	-
ROA (Net income/ Total Assets)	3.12%	3.24%	4.81%	3.79%	-	-	-	-
Assets ¹	11,909	12,193	12,179	12,456	-	-	-	-
Book Value Per Share ²	37.30	40.00	39.50	39.00	-	41.10	43.60	-
Cash Flow per Share	10.50	12.50	11.90	7.920	-	-	-	-
Capex ¹	647	451	456	631	-	592	592	592
Capex / Sales	4.13%	3.06%	2.98%	3.7%	-	3.24%	3.18%	-
Announcement Date	4/29/20	4/30/21	4/29/22	4/27/23	4/25/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

40.5 EUR

Average target price

51 EUR

Spread / Average Target

+25.93%

	1st Jan change	Capi.
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