LPP SA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17,120 PLN | -0.87% |
|
-3.82% | +5.74% |
| Mar. 27 | Fashion group LPP says banking arrangements unaffected by Hindenburg report | RE |
| Mar. 27 | Transcript : LPP SA, 2023 Earnings Call, Mar 27, 2024 |
Valuation
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 15,528 | 14,107 | 29,435 | 18,765 | 31,761 | - | - |
| Enterprise Value (EV) 1 | 14,739 | 13,835 | 29,054 | 23,057 | 35,415 | 35,488 | 35,050 |
| P/E ratio | 36.9 x | -74.3 x | 30.7 x | 17.1 x | 15.9 x | 13.4 x | 11.6 x |
| Yield | - | - | 2.83% | 3.46% | 3.63% | 4.45% | 5.59% |
| Capitalization / Revenue | 1.57 x | 1.8 x | 2.1 x | 1.18 x | 1.51 x | 1.25 x | 1.04 x |
| EV / Revenue | 1.49 x | 1.76 x | 2.07 x | 1.45 x | 1.69 x | 1.4 x | 1.14 x |
| EV / EBITDA | 7.76 x | 11.3 x | 11.1 x | 8.91 x | 8.13 x | 6.88 x | 5.83 x |
| EV / FCF | 20.1 x | 55.4 x | 17.3 x | -43.1 x | 19.9 x | 17.1 x | 15.2 x |
| FCF Yield | 4.98% | 1.81% | 5.78% | -2.32% | 5.02% | 5.85% | 6.58% |
| Price to Book | 4.78 x | 4.61 x | 8.93 x | 4.71 x | 5.59 x | 4.73 x | 4.07 x |
| Nbr of stocks (in thousands) | 1,834 | 1,834 | 1,852 | 1,854 | 1,855 | - | - |
| Reference price 2 | 8,465 | 7,690 | 15,890 | 10,120 | 17,120 | 17,120 | 17,120 |
| Announcement Date | 5/21/20 | 4/29/21 | 4/20/22 | 4/26/23 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Gennaio | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,899 | 7,848 | 14,030 | 15,927 | 20,985 | 25,323 | 30,673 |
| EBITDA 1 | 1,899 | 1,226 | 2,627 | 2,589 | 4,359 | 5,160 | 6,015 |
| EBIT 1 | 805.7 | 153 | 2,087 | 1,460 | 2,736 | 3,216 | 3,757 |
| Operating Margin | 8.14% | 1.95% | 14.88% | 9.17% | 13.04% | 12.7% | 12.25% |
| Earnings before Tax (EBT) 1 | 665.2 | -116.5 | 1,232 | 1,363 | 2,570 | 3,048 | 3,598 |
| Net income 1 | 489.9 | -190.1 | 953.5 | 1,095 | 2,023 | 2,413 | 2,852 |
| Net margin | 4.95% | -2.42% | 6.8% | 6.88% | 9.64% | 9.53% | 9.3% |
| EPS 2 | 229.4 | -103.4 | 518.2 | 590.4 | 1,077 | 1,281 | 1,475 |
| Free Cash Flow 1 | 734.4 | 249.8 | 1,679 | -534.6 | 1,777 | 2,076 | 2,306 |
| FCF margin | 7.42% | 3.18% | 11.97% | -3.36% | 8.47% | 8.2% | 7.52% |
| FCF Conversion (EBITDA) | 38.67% | 20.37% | 63.93% | - | 40.77% | 40.24% | 38.34% |
| FCF Conversion (Net income) | 149.92% | - | 176.09% | - | 87.87% | 86.05% | 80.88% |
| Dividend per Share 2 | - | - | 450.0 | 350.0 | 621.7 | 761.4 | 956.4 |
| Announcement Date | 5/21/20 | 4/29/21 | 4/20/22 | 4/26/23 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: January | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,913 | 4,123 | 3,034 | 4,341 | 4,367 | 4,185 | 3,639 | 4,575 | 4,350 | 4,363 | 5,473 | 5,240 | 6,032 |
| EBITDA 1 | 1,112 | - | 438.2 | 667.1 | 798 | 755.2 | 551 | 943 | 1,159 | 750.4 | 1,291 | 1,144 | 1,227 |
| EBIT 1 | 817.3 | 587.4 | 186.6 | 395.3 | 511.8 | 435.5 | 230.7 | 607 | 802.6 | 382.6 | 909.7 | 743.6 | 797.3 |
| Operating Margin | 20.88% | 14.25% | 6.15% | 9.11% | 11.72% | 10.41% | 6.34% | 13.27% | 18.45% | 8.77% | 16.62% | 14.19% | 13.22% |
| Earnings before Tax (EBT) 1 | - | - | 144.3 | - | - | - | - | 0.5662 | 718.1 | 323.5 | - | - | - |
| Net income 1 | 627.6 | -154.7 | 268 | 246.2 | 395.5 | 185.5 | 109.5 | 438.8 | 575.6 | 280.5 | - | - | - |
| Net margin | 16.04% | -3.75% | 8.83% | 5.67% | 9.06% | 4.43% | 3.01% | 9.59% | 13.23% | 6.43% | - | - | - |
| EPS | 341.1 | -84.08 | 145.8 | 133.9 | 215.1 | 68.11 | 59.10 | 236.6 | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | 350.0 | - | - | - | - | - | - | - |
| Announcement Date | 12/9/21 | 4/20/22 | 6/14/22 | 10/5/22 | 12/14/22 | 4/26/23 | 6/14/23 | 9/21/23 | 12/1/23 | - | - | - | - |
1PLN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 4,292 | 3,655 | 3,727 | 3,290 |
| Net Cash position 1 | 789 | 272 | 381 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 1.658 x | 0.8385 x | 0.7223 x | 0.5469 x |
| Free Cash Flow 1 | 734 | 250 | 1,679 | -535 | 1,777 | 2,076 | 2,306 |
| ROE (net income / shareholders' equity) | 16.5% | -6.02% | 30.1% | 30.2% | 38.2% | 38.2% | 38.2% |
| ROA (Net income/ Total Assets) | 5.7% | -1.91% | 7.79% | 8.1% | 13% | 12.9% | 12.6% |
| Assets 1 | 8,593 | 9,980 | 12,245 | 13,528 | 15,533 | 18,716 | 22,634 |
| Book Value Per Share 2 | 1,771 | 1,669 | 1,780 | 2,149 | 3,060 | 3,623 | 4,211 |
| Cash Flow per Share | - | 585.0 | 1,633 | 335.0 | - | - | - |
| Capex 1 | 1,004 | 825 | 1,325 | 1,157 | 1,475 | 1,650 | 1,781 |
| Capex / Sales | 10.14% | 10.51% | 9.44% | 7.26% | 7.03% | 6.52% | 5.81% |
| Announcement Date | 5/21/20 | 4/29/21 | 4/20/22 | 4/26/23 | - | - | - |
1PLN in Million2PLN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
17,270
PLN
Average target price
19,911
PLN
Spread / Average Target
+15.29%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.74% | 8.15B | |
| +12.43% | 147B | |
| +17.52% | 79.73B | |
| -4.72% | 44.1B | |
| -16.63% | 43.85B | |
| +5.25% | 28.23B | |
| +14.66% | 14.23B | |
| -4.03% | 11.83B | |
| +12.36% | 9.53B | |
| -0.24% | 7.68B |
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- LPP Stock
- Financials LPP SA
