BUZZI S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 34.04 EUR | +1.67% |
|
+3.40% | +23.60% |
| Apr. 02 | Mib rises 38,800; oil companies Eni and Saipem do well | AN |
| Apr. 02 | Mib up; Intesa at new annual high | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,259 | 3,749 | 3,646 | 3,332 | 5,099 | 6,302 | - | - |
| Enterprise Value (EV) 1 | 4,827 | 3,990 | 3,410 | 3,044 | 5,099 | 4,981 | 4,421 | 3,741 |
| P/E ratio | 12 x | 7.17 x | 6.73 x | 7.31 x | 5.27 x | 7.26 x | 7.05 x | 6.73 x |
| Yield | 0.67% | 1.28% | 2.11% | 2.5% | - | 2.12% | 2.19% | 2.28% |
| Capitalization / Revenue | 1.32 x | 1.16 x | 1.06 x | 0.83 x | 1.18 x | 1.44 x | 1.41 x | 1.37 x |
| EV / Revenue | 1.5 x | 1.24 x | 0.99 x | 0.76 x | 1.18 x | 1.14 x | 0.99 x | 0.81 x |
| EV / EBITDA | 6.85 x | 5.08 x | 4.28 x | 3.44 x | 4.1 x | 4.05 x | 3.52 x | 2.88 x |
| EV / FCF | 14.8 x | 10.9 x | 9.04 x | 23.8 x | - | 7.59 x | 6.6 x | 5.01 x |
| FCF Yield | 6.74% | 9.17% | 11.1% | 4.2% | - | 13.2% | 15.2% | 19.9% |
| Price to Book | 1.26 x | 1.11 x | 0.84 x | 0.68 x | - | 1 x | 0.9 x | 0.81 x |
| Nbr of stocks (in thousands) | 205,300 | 205,521 | 192,132 | 185,132 | 185,132 | 185,132 | - | - |
| Reference price 2 | 22.45 | 19.50 | 18.98 | 18.00 | 27.54 | 34.04 | 34.04 | 34.04 |
| Announcement Date | 3/25/20 | 3/25/21 | 3/25/22 | 3/29/23 | 3/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,221 | 3,222 | 3,446 | 3,996 | 4,318 | 4,380 | 4,461 | 4,611 |
| EBITDA 1 | 704.4 | 785 | 795.9 | 883.7 | 1,243 | 1,229 | 1,255 | 1,301 |
| EBIT 1 | 472.2 | 528.1 | 546.9 | 503.5 | 984.8 | 963.3 | 985.2 | 1,021 |
| Operating Margin | 14.66% | 16.39% | 15.87% | 12.6% | 22.81% | 21.99% | 22.08% | 22.13% |
| Earnings before Tax (EBT) 1 | 482 | 700.3 | 635.3 | 589.3 | 1,141 | 1,095 | 1,135 | 1,176 |
| Net income 1 | 385.7 | 560.2 | 541.9 | 458.8 | 966.5 | 874.7 | 878.3 | 905.8 |
| Net margin | 11.97% | 17.39% | 15.73% | 11.48% | 22.39% | 19.97% | 19.69% | 19.64% |
| EPS 2 | 1.878 | 2.719 | 2.820 | 2.462 | 5.221 | 4.687 | 4.831 | 5.061 |
| Free Cash Flow 1 | 325.5 | 365.9 | 377.3 | 128 | - | 656.4 | 670.1 | 746.3 |
| FCF margin | 10.1% | 11.36% | 10.95% | 3.2% | - | 14.99% | 15.02% | 16.18% |
| FCF Conversion (EBITDA) | 46.2% | 46.61% | 47.41% | 14.48% | - | 53.42% | 53.38% | 57.39% |
| FCF Conversion (Net income) | 84.39% | 65.31% | 69.63% | 27.9% | - | 75.05% | 76.29% | 82.4% |
| Dividend per Share 2 | 0.1500 | 0.2500 | 0.4000 | 0.4500 | - | 0.7233 | 0.7456 | 0.7752 |
| Announcement Date | 3/25/20 | 3/25/21 | 3/25/22 | 3/29/23 | 3/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 S2 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,703 | 1,520 | 1,702 | 1,609 | 903.9 | 1,837 | 800.1 | 1,080 | 1,880 | 1,124 | 2,116 | 1,194 | 2,150 | 1,153 | 1,015 | 2,168 | 886 |
| EBITDA | 428.1 | 313.9 | 471.1 | 352.5 | - | 443.4 | - | - | 365 | - | 518.6 | - | 575.3 | - | - | 667.9 | - |
| EBIT | 306.6 | 185.5 | - | 229.7 | - | - | - | - | 118.1 | - | - | - | 447.1 | - | - | 537.7 | - |
| Operating Margin | 18.01% | 12.2% | - | 14.28% | - | - | - | - | 6.28% | - | - | - | 20.8% | - | - | 24.8% | - |
| Earnings before Tax (EBT) | 311.2 | 279.4 | - | 262.1 | - | - | - | - | 119.8 | - | - | - | 552.9 | - | - | 588 | - |
| Net income | 251.1 | 216.5 | - | 209.6 | - | - | - | - | 88.64 | - | - | - | 431.1 | - | - | 535.4 | - |
| Net margin | 14.74% | 14.24% | - | 13.03% | - | - | - | - | 4.72% | - | - | - | 20.05% | - | - | 24.7% | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/25/20 | 8/4/20 | 3/25/21 | 8/3/21 | 3/25/22 | 3/25/22 | 5/12/22 | 8/5/22 | 8/5/22 | 11/8/22 | 3/29/23 | 8/3/23 | 8/3/23 | 11/10/23 | 3/28/24 | 3/28/24 | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 568 | 242 | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 236 | 288 | - | 1,321 | 1,881 | 2,561 |
| Leverage (Debt/EBITDA) | 0.8061 x | 0.3078 x | - | - | - | - | - | - |
| Free Cash Flow 1 | 325 | 366 | 377 | 128 | - | 656 | 670 | 746 |
| ROE (net income / shareholders' equity) | 11.3% | 15.4% | 13.6% | 9.89% | - | 14.5% | 13.2% | 12.5% |
| ROA (Net income/ Total Assets) | 6.39% | 8.76% | 8.14% | 6.36% | - | 11.6% | 10.7% | 10.7% |
| Assets 1 | 6,038 | 6,395 | 6,654 | 7,213 | - | 7,558 | 8,202 | 8,504 |
| Book Value Per Share 2 | 17.90 | 17.50 | 22.70 | 26.50 | - | 33.90 | 37.90 | 41.90 |
| Cash Flow per Share 2 | 2.810 | 2.860 | 3.080 | 2.120 | - | 5.950 | 7.270 | 7.150 |
| Capex 1 | 250 | 223 | 214 | 267 | - | 379 | 382 | 389 |
| Capex / Sales | 7.76% | 6.92% | 6.22% | 6.68% | - | 8.66% | 8.57% | 8.44% |
| Announcement Date | 3/25/20 | 3/25/21 | 3/25/22 | 3/29/23 | 3/28/24 | - | - | - |
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-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
34.04
EUR
Average target price
41.96
EUR
Spread / Average Target
+23.26%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +23.60% | 6.73B | |
| +19.81% | 48.58B | |
| -2.89% | 15.52B | |
| -1.00% | 15.46B | |
| -15.75% | 10.44B | |
| +26.55% | 8.84B | |
| +105.28% | 8.27B | |
| -0.30% | 7.96B | |
| -8.75% | 7.34B | |
| +14.55% | 5.7B |
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