FIERA MILANO SPA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.85 EUR | +0.52% |
|
+6.21% | +39.24% |
| Apr. 16 | Mid & Small" conference kicks off in London with Made in Italy champions | AN |
| Apr. 09 | Mib correction at 34,000; strength on Fincantieri | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 389 | 203.5 | 242.2 | 207.3 | 196.7 | 273.9 | - | - |
| Enterprise Value (EV) 1 | 389 | 682 | 607.6 | 576 | 511.1 | 555.9 | 472.9 | 422.9 |
| P/E ratio | 11.3 x | -5.98 x | 5.46 x | -37.1 x | 4.34 x | 35.6 x | 6.62 x | 14.2 x |
| Yield | 2.37% | - | - | - | 5.06% | 3.64% | 3.64% | 3.64% |
| Capitalization / Revenue | 1.39 x | 2.76 x | 1.87 x | 0.94 x | 0.69 x | 1.08 x | 0.86 x | 0.93 x |
| EV / Revenue | 1.39 x | 9.26 x | 4.68 x | 2.61 x | 1.8 x | 2.2 x | 1.48 x | 1.43 x |
| EV / EBITDA | 3.67 x | 65.3 x | 7.87 x | 9.86 x | 5.26 x | 7.83 x | 4.04 x | 4.86 x |
| EV / FCF | 4.26 x | -11.3 x | 5.73 x | 23 x | 5.6 x | 397 x | 10.6 x | 61.3 x |
| FCF Yield | 23.5% | -8.87% | 17.5% | 4.35% | 17.8% | 0.25% | 9.43% | 1.63% |
| Price to Book | 3.63 x | 3.23 x | 2.24 x | 1.96 x | 1.33 x | 1.93 x | - | - |
| Nbr of stocks (in thousands) | 70,979 | 71,644 | 71,644 | 71,472 | 71,142 | 71,142 | - | - |
| Reference price 2 | 5.480 | 2.840 | 3.380 | 2.900 | 2.765 | 3.850 | 3.850 | 3.850 |
| Announcement Date | 3/10/20 | 3/15/21 | 3/15/22 | 3/15/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 279.7 | 73.64 | 129.8 | 220.3 | 283.8 | 253 | 319 | 295 |
| EBITDA 1 | 106.1 | 10.44 | 77.17 | 58.4 | 97.1 | 71 | 117 | 87 |
| EBIT 1 | 59.6 | -34.32 | 31.94 | 9.219 | 44.8 | 18 | 63 | 32 |
| Operating Margin | 21.31% | -46.61% | 24.61% | 4.19% | 15.79% | 7.11% | 19.75% | 10.85% |
| Earnings before Tax (EBT) 1 | 46.23 | -47.02 | 18.54 | -3.705 | 36 | 9 | 55 | 25 |
| Net income 1 | 34.42 | -33.94 | 44.36 | -5.599 | 45.5 | 8 | 41 | 19 |
| Net margin | 12.31% | -46.1% | 34.19% | -2.54% | 16.03% | 3.16% | 12.85% | 6.44% |
| EPS 2 | 0.4850 | -0.4752 | 0.6192 | -0.0782 | 0.6374 | 0.1080 | 0.5820 | 0.2710 |
| Free Cash Flow 1 | 91.31 | -60.47 | 106.1 | 25.05 | 91.23 | 1.4 | 44.6 | 6.9 |
| FCF margin | 32.64% | -82.12% | 81.73% | 11.37% | 32.14% | 0.55% | 13.98% | 2.34% |
| FCF Conversion (EBITDA) | 86.1% | - | 137.43% | 42.89% | 93.95% | 1.97% | 38.12% | 7.93% |
| FCF Conversion (Net income) | 265.24% | - | 239.08% | - | 200.5% | 17.5% | 108.78% | 36.32% |
| Dividend per Share 2 | 0.1300 | - | - | - | 0.1400 | 0.1400 | 0.1400 | 0.1400 |
| Announcement Date | 3/10/20 | 3/15/21 | 3/15/22 | 3/15/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | 35.3 | 89.85 | 23.47 | 92.72 | 116.2 | 45.5 | - | 84.1 | 45.61 | 106 |
| EBITDA 1 | - | - | 15.96 | 84.2 | -2.365 | 41.89 | 39.52 | 10.3 | - | - | 14.56 | 40.94 |
| EBIT 1 | -11.88 | - | 4.8 | 72.44 | -14.2 | 29.96 | 15.76 | -1.7 | -4.217 | - | 1.674 | 26.97 |
| Operating Margin | - | - | 13.6% | 80.62% | -60.51% | 32.31% | 13.56% | -3.74% | - | - | 3.67% | 25.45% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | -24.54 | 1.256 | - | -12.9 | 18.26 | 5.363 | - | 8.5 | - | -1.98 | 21.61 |
| Net margin | - | - | 3.56% | - | -54.96% | 19.7% | 4.62% | - | - | - | -4.34% | 20.39% |
| EPS | - | -0.3435 | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/31/20 | 7/28/21 | 11/8/21 | 3/15/22 | 5/27/22 | 7/27/22 | 7/27/22 | 11/9/22 | 5/10/23 | 7/28/23 | 11/9/23 | 3/14/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 479 | 365 | 369 | 314 | 282 | 199 | 149 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 45.83 x | 4.736 x | 6.314 x | 3.238 x | 3.972 x | 1.701 x | 1.713 x |
| Free Cash Flow 1 | 91.3 | -60.5 | 106 | 25 | 91.2 | 1.4 | 44.6 | 6.9 |
| ROE (net income / shareholders' equity) | 36.4% | -39.9% | 51.8% | -5.23% | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 1.510 | 0.8800 | 1.510 | 1.480 | 2.080 | 2.000 | - | - |
| Cash Flow per Share | 1.330 | 0.2600 | 1.480 | - | - | - | - | - |
| Capex 1 | 7.63 | 6.11 | 5.95 | 3.84 | 6.33 | 11 | 6 | 6 |
| Capex / Sales | 2.73% | 8.3% | 4.58% | 1.74% | 2.23% | 4.35% | 1.88% | 2.03% |
| Announcement Date | 3/10/20 | 3/15/21 | 3/15/22 | 3/15/23 | 3/14/24 | - | - | - |
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
HOLD
Number of Analysts
1
Last Close Price
3.85
EUR
Average target price
4.3
EUR
Spread / Average Target
+11.69%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +39.24% | 292M | |
| +2.51% | 13.51B | |
| -2.96% | 739M | |
| -8.22% | 714M | |
| +1.24% | 653M | |
| -1.43% | 604M | |
| -2.01% | 370M | |
| 0.00% | 260M | |
| +4.55% | 255M | |
| +52.60% | 154M |
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