CPI PROPERTY GROUP |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.85 EUR | +0.59% |
|
-8.11% | -8.60% |
| Apr. 10 | CPI Property Group Appoints Stefano Filippi as Head of Corporate Finance | CI |
| Apr. 08 | Transcript : CPI Property Group, 2023 Earnings Call, Apr 08, 2024 |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 6,308 | 6,090 | 6,083 | 6,362 | 7,997 | 8,033 |
| Enterprise Value (EV) 1 | 9,087 | 9,394 | 10,277 | 10,993 | 18,576 | 18,232 |
| P/E ratio | 10.3 x | 10.4 x | 36.5 x | 4.87 x | 18.1 x | -8.92 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 10.4 x | 9.06 x | 9.77 x | 9.58 x | 6.24 x | 4.74 x |
| EV / Revenue | 15.1 x | 14 x | 16.5 x | 16.6 x | 14.5 x | 10.8 x |
| EV / EBITDA | 33.6 x | 32.8 x | 34.9 x | 33.9 x | 36.9 x | 26.3 x |
| EV / FCF | 45 x | 46.2 x | 94 x | -39.7 x | 55.2 x | 624 x |
| FCF Yield | 2.22% | 2.16% | 1.06% | -2.52% | 1.81% | 0.16% |
| Price to Book | 1.67 x | 1.39 x | 1.41 x | 1.06 x | 1.19 x | 1.43 x |
| Nbr of stocks (in thousands) | 8,761,566 | 8,399,414 | 8,332,414 | 8,835,915 | 8,835,915 | 8,637,850 |
| Reference price 2 | 0.7200 | 0.7250 | 0.7300 | 0.7200 | 0.9050 | 0.9300 |
| Announcement Date | 3/29/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/29/24 |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 603.7 | 671.8 | 622.6 | 663.8 | 1,282 | 1,694 |
| EBITDA 1 | 270.4 | 286.5 | 294.3 | 324.6 | 503.6 | 693.7 |
| EBIT 1 | 239 | 254.8 | 259 | 290.7 | 460.3 | 647.9 |
| Operating Margin | 39.59% | 37.93% | 41.6% | 43.79% | 35.91% | 38.25% |
| Earnings before Tax (EBT) 1 | 648.7 | 764.6 | 340.1 | 1,561 | 682 | -886.8 |
| Net income 1 | 624.3 | 676.6 | 240.9 | 1,278 | 533.6 | -823.9 |
| Net margin | 103.41% | 100.71% | 38.69% | 192.5% | 41.63% | -48.64% |
| EPS 2 | 0.0700 | 0.0700 | 0.0200 | 0.1478 | 0.0500 | -0.1043 |
| Free Cash Flow 1 | 202 | 203.2 | 109.3 | -277 | 336.2 | 29.24 |
| FCF margin | 33.46% | 30.24% | 17.56% | -41.73% | 26.23% | 1.73% |
| FCF Conversion (EBITDA) | 74.69% | 70.92% | 37.14% | - | 66.77% | 4.21% |
| FCF Conversion (Net income) | 32.35% | 30.03% | 45.38% | - | 63.02% | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/29/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/29/24 |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 2,779 | 3,305 | 4,194 | 4,631 | 10,579 | 10,199 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 10.28 x | 11.54 x | 14.25 x | 14.27 x | 21.01 x | 14.7 x |
| Free Cash Flow 1 | 202 | 203 | 109 | -277 | 336 | 29.2 |
| ROE (net income / shareholders' equity) | 16.4% | 13.9% | 4.33% | 19.2% | 6.57% | -10% |
| ROA (Net income/ Total Assets) | 1.89% | 1.68% | 1.44% | 1.39% | 1.52% | 1.78% |
| Assets 1 | 32,993 | 40,219 | 16,723 | 92,034 | 35,140 | -46,240 |
| Book Value Per Share 2 | 0.4300 | 0.5200 | 0.5200 | 0.6800 | 0.7600 | 0.6500 |
| Cash Flow per Share 2 | 0.0100 | 0.1000 | 0.0800 | 0.0600 | 0.1200 | 0.1200 |
| Capex 1 | 0.4 | 1.2 | 2.2 | 2.6 | 1.6 | 3.2 |
| Capex / Sales | 0.07% | 0.18% | 0.35% | 0.39% | 0.12% | 0.19% |
| Announcement Date | 3/29/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/29/24 |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -8.60% | 7.76B | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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