Financials Unieuro S.p.A.

Equities

Real-time Borsa Italiana Other stock markets 05:25:58 2024-05-31 am EDT			5-day change	1st Jan Change
9.52 ^EUR	+1.38%		+5.54%	-8.29%

May. 13	Transcript : Unieuro S.p.A., 2024 Earnings Call, May 13, 2024
May. 13	Unieuro S.p.A. Reports Earnings Results for the Full Year Ended February 29, 2024	CI

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	228	223.2	316.9	366.4	225.3	190.9	-	-
Enterprise Value (EV) ¹	207.5	193.6	162.1	230.7	100.9	184.6	359.3	569.9
P/E ratio	7.92 x	8.72 x	5.85 x	8.12 x	22 x	-15.9 x	10.4 x	7.57 x
Yield	9.39%	9.59%	16.6%	7.63%	4.37%	3.62%	5.75%	7.24%
Capitalization / Revenue	0.11 x	0.09 x	0.12 x	0.12 x	0.08 x	0.07 x	0.07 x	0.07 x
EV / Revenue	0.1 x	0.08 x	0.06 x	0.08 x	0.03 x	0.07 x	0.14 x	0.21 x
EV / EBITDA	2.82 x	2.36 x	0.91 x	1.36 x	0.72 x	1.28 x	2.52 x	3.72 x
EV / FCF	-	3.25 x	-	4.67 x	4.37 x	-26.8 x	32.7 x	25.9 x
FCF Yield	-	30.7%	-	21.4%	22.9%	-3.73%	3.06%	3.86%
Price to Book	2.51 x	2.32 x	2.07 x	2.57 x	1.81 x	1.82 x	1.76 x	1.54 x
Nbr of stocks (in thousands)	20,000	20,000	20,208	20,699	20,099	20,330	-	-
Reference price ²	11.40	11.16	15.68	17.70	11.21	9.390	9.390	9.390
Announcement Date	5/8/19	5/6/20	5/7/21	5/11/22	5/10/23	5/13/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,104	2,445	2,685	2,950	2,884	2,635	2,659	2,765
EBITDA ¹	73.6	82.1	178	169.4	141	143.9	142.6	153
EBIT ¹	46.4	53.1	86.8	72.1	34.8	34.8	37.59	44
Operating Margin	2.2%	2.17%	3.23%	2.44%	1.21%	1.32%	1.41%	1.59%
Earnings before Tax (EBT) ¹	27	31.1	58.9	44.7	11	7.8	21.49	31
Net income ¹	-	29.1	-	44.6	10.2	-17.4	20	26
Net margin	-	1.19%	-	1.51%	0.35%	-0.66%	0.75%	0.94%
EPS ²	1.440	1.280	2.680	2.180	0.5100	-0.5914	0.9071	1.240
Free Cash Flow ¹	-	59.5	-	49.4	23.1	-6	11	22
FCF margin	-	2.43%	-	1.67%	0.8%	-0.23%	0.41%	0.8%
FCF Conversion (EBITDA)	-	72.47%	-	29.16%	16.38%	-	7.71%	14.38%
FCF Conversion (Net income)	-	204.47%	-	110.76%	226.47%	-	55%	84.62%
Dividend per Share ²	1.070	1.070	2.600	1.350	0.4900	0.3400	0.5400	0.6800
Announcement Date	5/8/19	5/6/20	5/7/21	5/11/22	5/10/23	5/13/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	168	379
Net Cash position ¹	20.5	29.6	155	136	124	30	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	1.181 x	2.477 x
Free Cash Flow ¹	-	59.5	-	49.4	23.1	-6	11	22
ROE (net income / shareholders' equity)	50.8%	48%	53.6%	37%	14.7%	17.3%	25.6%	22.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	4.540	4.810	7.560	6.880	6.200	5.170	5.340	6.100
Cash Flow per Share ²	4.120	6.640	10.50	7.450	5.890	1.460	2.930	2.920
Capex ¹	32.1	-	-	52.1	35.4	35.7	36.2	37.3
Capex / Sales	1.53%	-	-	1.77%	1.23%	1.34%	1.36%	1.35%
Announcement Date	5/8/19	5/6/20	5/7/21	5/11/22	5/10/23	5/13/24	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

9.39 EUR

Average target price

10.5 EUR

Spread / Average Target

+11.82%

	1st Jan change	Capi.
UNIEURO S.P.A.	-8.29%	207M
YAMADA HOLDINGS CO., LTD.	+0.46%	1.91B
SUNING.COM CO., LTD.	-19.77%	1.8B
K'S HOLDINGS CORPORATION	+10.60%	1.59B
AO WORLD PLC	+12.20%	818M
ELECTRA CONSUMER PRODUCTS (1970) LTD	+6.68%	493M
ADITYA VISION LIMITED	-8.54%	474M
JOSHIN DENKI CO., LTD.	+8.77%	429M
KOJIMA CO.,LTD.	+11.89%	425M
E-LIFE CORPORATION	-0.24%	260M