COMPUTACENTER PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,572 GBX | +0.94% |
|
+2.96% | -7.88% |
| Apr. 22 | HSBC Raises Computacenter PT, Maintains at Buy | MT |
| Apr. 22 | Jefferies raises B&M to 'hold' | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,000 | 2,757 | 3,293 | 2,164 | 3,157 | 2,903 | - | - |
| Enterprise Value (EV) 1 | 1,980 | 2,569 | 3,051 | 1,919 | 2,698 | 2,400 | 2,297 | 2,174 |
| P/E ratio | 19.9 x | 18.3 x | 18.1 x | 12 x | 16.1 x | 14.6 x | 13.6 x | 12.8 x |
| Yield | 2.09% | 2.07% | 2.28% | 3.55% | 2.51% | 2.86% | 3.06% | 3.26% |
| Capitalization / Revenue | 0.4 x | 0.51 x | 0.49 x | 0.33 x | 0.46 x | 0.42 x | 0.4 x | 0.38 x |
| EV / Revenue | 0.39 x | 0.47 x | 0.45 x | 0.3 x | 0.39 x | 0.35 x | 0.32 x | 0.28 x |
| EV / EBITDA | 10.7 x | 10.8 x | 10.1 x | 6.2 x | 8.76 x | 6.66 x | 6.02 x | 5.44 x |
| EV / FCF | 11.5 x | 12 x | 14.8 x | 8.79 x | 7.19 x | 14.1 x | 11.3 x | 9.13 x |
| FCF Yield | 8.68% | 8.32% | 6.73% | 11.4% | 13.9% | 7.1% | 8.89% | 11% |
| Price to Book | 4.05 x | 4.4 x | 4.44 x | 2.49 x | 3.35 x | 2.75 x | 2.48 x | 2.25 x |
| Nbr of stocks (in thousands) | 112,817 | 112,634 | 113,153 | 113,221 | 113,081 | 112,866 | - | - |
| Reference price 2 | 17.73 | 24.48 | 29.10 | 19.11 | 27.92 | 25.72 | 25.72 | 25.72 |
| Announcement Date | 3/12/20 | 3/16/21 | 3/16/22 | 3/31/23 | 3/20/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,053 | 5,441 | 6,726 | 6,470 | 6,923 | 6,902 | 7,286 | 7,712 |
| EBITDA 1 | 184.5 | 237.7 | 302.9 | 309.5 | 308.1 | 360.5 | 381.4 | 399.5 |
| EBIT 1 | 151.5 | 206.5 | 262.8 | 269.1 | 271.5 | 284.1 | 305.6 | 325.2 |
| Operating Margin | 3% | 3.79% | 3.91% | 4.16% | 3.92% | 4.12% | 4.19% | 4.22% |
| Earnings before Tax (EBT) 1 | 141 | 206.6 | 248 | 249 | 272.1 | 282.7 | 307.9 | 325.5 |
| Net income 1 | 101.7 | 153.8 | 186.5 | 184.2 | 197.6 | 201 | 215.1 | 227.5 |
| Net margin | 2.01% | 2.83% | 2.77% | 2.85% | 2.85% | 2.91% | 2.95% | 2.95% |
| EPS 2 | 0.8900 | 1.338 | 1.609 | 1.591 | 1.732 | 1.763 | 1.897 | 2.012 |
| Free Cash Flow 1 | 171.9 | 213.7 | 205.5 | 218.4 | 375.5 | 170.4 | 204.2 | 238.2 |
| FCF margin | 3.4% | 3.93% | 3.06% | 3.38% | 5.42% | 2.47% | 2.8% | 3.09% |
| FCF Conversion (EBITDA) | 93.16% | 89.89% | 67.84% | 70.57% | 121.88% | 47.25% | 53.53% | 59.63% |
| FCF Conversion (Net income) | 169.08% | 138.97% | 110.19% | 118.57% | 190.03% | 84.77% | 94.91% | 104.7% |
| Dividend per Share 2 | 0.3700 | 0.5070 | 0.6630 | 0.6790 | 0.7000 | 0.7360 | 0.7869 | 0.8394 |
| Announcement Date | 3/12/20 | 3/16/21 | 3/16/22 | 3/31/23 | 3/20/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,462 | 3,180 | 3,546 | 2,827 | 3,644 | 3,585 | 3,338 |
| EBITDA | - | - | - | - | - | 158.8 | - |
| EBIT 1 | 77.3 | - | 140.3 | 114.2 | 154.9 | 118.5 | 153 |
| Operating Margin | 3.14% | - | 3.96% | 4.04% | 4.25% | 3.31% | 4.58% |
| Earnings before Tax (EBT) 1 | 72.41 | 115.2 | 132.8 | 107.8 | 141.2 | 122.8 | 149.3 |
| Net income 1 | 51.99 | 81.87 | 104.6 | 77.2 | 107 | 87.7 | 109.9 |
| Net margin | 2.11% | 2.57% | 2.95% | 2.73% | 2.94% | 2.45% | 3.29% |
| EPS 2 | 0.4530 | 0.7070 | 0.9020 | 0.6730 | 0.9180 | 0.7650 | 0.9670 |
| Dividend per Share | 0.1230 | 0.1690 | 0.4940 | 0.2210 | - | 0.2260 | - |
| Announcement Date | 9/9/20 | 9/9/21 | 3/16/22 | 9/9/22 | 3/31/23 | 9/8/23 | 3/20/24 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 20.3 | 189 | 241 | 244 | 459 | 503 | 606 | 729 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 172 | 214 | 206 | 218 | 376 | 170 | 204 | 238 |
| ROE (net income / shareholders' equity) | 22.7% | 27.4% | 27.1% | 24.5% | 21.9% | 20.1% | 19.3% | 18.5% |
| ROA (Net income/ Total Assets) | - | - | - | - | 6.27% | 6.41% | 6.32% | 6.31% |
| Assets 1 | - | - | - | - | 3,151 | 3,137 | 3,402 | 3,604 |
| Book Value Per Share 2 | 4.380 | 5.560 | 6.550 | 7.670 | 8.340 | 9.340 | 10.40 | 11.40 |
| Cash Flow per Share 2 | 1.770 | 2.060 | 1.950 | 2.110 | 3.600 | 1.830 | 2.130 | 2.600 |
| Capex 1 | 30.1 | 23.1 | 18.8 | 23.7 | 35.1 | 41.3 | 37.7 | 41 |
| Capex / Sales | 0.6% | 0.43% | 0.28% | 0.37% | 0.51% | 0.6% | 0.52% | 0.53% |
| Announcement Date | 3/12/20 | 3/16/21 | 3/16/22 | 3/31/23 | 3/20/24 | - | - | - |
1GBP in Million2GBP
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
BUY
Number of Analysts
11
Last Close Price
25.72
GBP
Average target price
32.47
GBP
Spread / Average Target
+26.24%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.88% | 3.62B | |
| -12.23% | 194B | |
| +0.74% | 166B | |
| +2.19% | 153B | |
| +4.34% | 99.85B | |
| +7.04% | 77.56B | |
| +19.09% | 73.55B | |
| -7.30% | 71B | |
| -20.54% | 52.81B | |
| +0.53% | 47.86B |
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- Financials Computacenter plc
