Financials Blue Cap AG

Equities

Market Closed - Xetra Other stock markets 11:36:19 2024-04-26 am EDT			5-day change	1st Jan Change
18.1 ^EUR	+1.69%		-3.21%	+2.26%

Apr. 24	Blue Cap AG Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Blue Cap Appoints New Chairman/CEO	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	66.86	70.94	136.3	109	77.81	79.57	-	-
Enterprise Value (EV) ¹	66.86	112.7	92.95	72.33	77.81	132.6	126.2	79.57
P/E ratio	-	4.28 x	25 x	8.92 x	-4.4 x	30.2 x	12 x	7.48 x
Yield	4.46%	4.23%	2.74%	3.63%	-	4.56%	5.25%	5.36%
Capitalization / Revenue	-	0.3 x	0.51 x	0.31 x	0.28 x	0.28 x	0.26 x	0.25 x
EV / Revenue	-	0.48 x	0.35 x	0.21 x	0.28 x	0.47 x	0.41 x	0.25 x
EV / EBITDA	-	6.4 x	3.77 x	2.38 x	3.36 x	5.14 x	4.16 x	2.2 x
EV / FCF	-	17.5 x	12.3 x	6.61 x	-	14.2 x	12.7 x	5.72 x
FCF Yield	-	5.72%	8.15%	15.1%	-	7.05%	7.89%	17.5%
Price to Book	-	0.88 x	1.46 x	1.05 x	-	0.79 x	0.77 x	-
Nbr of stocks (in thousands)	3,980	3,997	4,396	4,396	4,396	4,396	-	-
Reference price ²	16.80	17.75	31.00	24.80	17.70	18.10	18.10	18.10
Announcement Date	-	5/4/21	4/27/22	5/4/23	4/24/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	233	267.3	347.5	273.3	280.6	304	317.4
EBITDA ¹	-	17.62	24.65	30.38	23.18	25.8	30.35	36.2
EBIT ¹	-	8.892	13.32	16.33	6.393	14.5	18.1	-
Operating Margin	-	3.82%	4.98%	4.7%	2.34%	5.17%	5.95%	-
Earnings before Tax (EBT) ¹	-	17.52	5.099	14.84	-17.89	3.7	9.3	14.7
Net income ¹	-	16.57	5.153	12.2	-17.82	2.65	6.7	10.8
Net margin	-	7.11%	1.93%	3.51%	-6.52%	0.94%	2.2%	3.4%
EPS ²	-	4.150	1.240	2.780	-4.020	0.6000	1.505	2.420
Free Cash Flow ¹	-	6.453	7.575	10.94	-	9.35	9.95	13.9
FCF margin	-	2.77%	2.83%	3.15%	-	3.33%	3.27%	4.38%
FCF Conversion (EBITDA)	-	36.63%	30.74%	36.01%	-	36.24%	32.78%	38.4%
FCF Conversion (Net income)	-	38.94%	147%	89.63%	-	352.83%	148.51%	128.7%
Dividend per Share ²	0.7500	0.7500	0.8500	0.9000	-	0.8250	0.9500	0.9700
Announcement Date	-	5/4/21	4/27/22	5/4/23	4/24/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	41.8	-	-	-	53	46.6	-
Net Cash position ¹	-	43.3	36.7	-	-	-	-
Leverage (Debt/EBITDA)	2.371 x	-	-	-	2.054 x	1.535 x	-
Free Cash Flow ¹	6.45	7.58	10.9	-	9.35	9.95	13.9
ROE (net income / shareholders' equity)	6.57%	5.95%	12.4%	-	2%	5.6%	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	20.10	21.20	23.60	-	22.90	23.60	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	6.29	5.32	6.06	-	7.75	10.6	11.6
Capex / Sales	2.7%	1.99%	1.74%	-	2.76%	3.49%	3.64%
Announcement Date	5/4/21	4/27/22	5/4/23	4/24/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

18.1 EUR

Average target price

32.3 EUR

Spread / Average Target

+78.45%

	1st Jan change	Capi.
BLUE CAP AG	+2.26%	84.95M
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