Financials Antin Infrastructure Partners S.A.

Equities

ANTIN

FR0014005AL0

Investment Management & Fund Operators

Market Closed - Euronext Paris 11:35:08 2024-05-02 am EDT 5-day change 1st Jan Change
12.08 EUR +0.67% Intraday chart for Antin Infrastructure Partners S.A. -4.43% -12.34%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 6,022 3,543 2,468 2,164 - -
Enterprise Value (EV) 1 5,665 3,179 2,468 1,792 1,836 1,868
P/E ratio 173 x -203 x - 16.2 x 18.3 x 11 x
Yield 0.32% 2.07% - 5.97% 5.99% 7.94%
Capitalization / Revenue 33.3 x 16.5 x 8.73 x 6.9 x 6.58 x 4.85 x
EV / Revenue 31.4 x 14.8 x 8.73 x 5.71 x 5.58 x 4.19 x
EV / EBITDA 52.3 x 26.8 x 14.1 x 9.54 x 9.87 x 6.58 x
EV / FCF 84.8 x 35.9 x - 14 x 13.5 x 8.96 x
FCF Yield 1.18% 2.78% - 7.14% 7.4% 11.2%
Price to Book 13.5 x 7.48 x - 4.24 x 4.49 x 4.16 x
Nbr of stocks (in thousands) 174,562 174,524 179,123 179,123 - -
Reference price 2 34.50 20.30 13.78 12.08 12.08 12.08
Announcement Date 3/24/22 3/23/23 3/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 179.6 180.6 214.2 282.9 313.7 328.8 445.8
EBITDA 1 - 108.4 118.5 175.5 187.9 186 283.7
EBIT 1 - 99.5 105.1 159.4 170.8 168.2 264.6
Operating Margin - 55.09% 49.07% 56.34% 54.45% 51.17% 59.35%
Earnings before Tax (EBT) 1 - 48.35 5.497 105.3 185.6 181.7 312
Net income 1 92.72 32.35 -16.8 74.8 133.9 118.5 197.9
Net margin 51.62% 17.91% -7.84% 26.44% 42.67% 36.04% 44.41%
EPS 2 - 0.2000 -0.1000 - 0.7470 0.6616 1.093
Free Cash Flow 1 - 66.8 88.5 - 127.9 135.9 208.6
FCF margin - 36.99% 41.32% - 40.77% 41.34% 46.79%
FCF Conversion (EBITDA) - 61.62% 74.68% - 68.08% 73.05% 73.52%
FCF Conversion (Net income) - 206.49% - - 95.55% 114.7% 105.36%
Dividend per Share 2 - 0.1100 0.4200 - 0.7216 0.7235 0.9593
Announcement Date 9/3/21 3/24/22 3/23/23 3/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1 2023 S1 2023 S2
Net sales 1 96.1 138.1 144.8
EBITDA 1 48 82.8 92.7
EBIT 1 - - 83.6
Operating Margin - - 57.73%
Earnings before Tax (EBT) 1 - - 67.03
Net income 1 - 19.1 55.7
Net margin - 13.83% 38.47%
EPS - - -
Dividend per Share - - -
Announcement Date 9/14/22 8/4/23 3/7/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - 358 364 - 372 328 296
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 66.8 88.5 - 128 136 209
ROE (net income / shareholders' equity) - 30.6% 17.3% - 27% 25.4% 40.2%
ROA (Net income/ Total Assets) - 23.3% 14.3% - 20.8% 21.2% 27.3%
Assets 1 - 138.9 -117.6 - 644.2 557.6 724.2
Book Value Per Share 2 - 2.560 2.710 - 2.850 2.690 2.910
Cash Flow per Share 2 - 0.4400 0.5700 - 0.8700 0.8700 1.110
Capex 1 - 5.2 15.4 - 9.95 10.1 12.1
Capex / Sales - 2.88% 7.19% - 3.17% 3.06% 2.71%
Announcement Date 9/3/21 3/24/22 3/23/23 3/7/24 - - -
1EUR in Million2EUR
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
12.08 EUR
Average target price
16.54 EUR
Spread / Average Target
+36.96%
Consensus

Quarterly revenue - Rate of surprise

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  4. Financials Antin Infrastructure Partners S.A.