FNM S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.45 EUR | +0.90% |
|
+3.45% | -0.44% |
| Apr. 02 | Futures bullish; new economic data expected | AN |
| Mar. 28 | Mib below parity; strength on Saipem and Cucinelli | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 303.1 | 247.9 | 267 | 184.6 | 196.6 | 195.7 | - | - |
| Enterprise Value (EV) 1 | 303.1 | 288.1 | 1,026 | 184.6 | 196.6 | 979.5 | 1,010 | 1,019 |
| P/E ratio | - | - | 6.82 x | - | - | 3.11 x | 3.37 x | 2.65 x |
| Yield | - | 3.86% | 3.75% | - | - | 6.67% | 7.22% | 8.89% |
| Capitalization / Revenue | 1.01 x | 0.88 x | 0.52 x | 0.3 x | 0.32 x | 0.31 x | 0.29 x | 0.29 x |
| EV / Revenue | 1.01 x | 1.02 x | 2 x | 0.3 x | 0.32 x | 1.53 x | 1.52 x | 1.5 x |
| EV / EBITDA | - | 4.22 x | 6.66 x | 0.96 x | 0.93 x | 4.46 x | 4.16 x | 3.86 x |
| EV / FCF | - | - | 29.8 x | - | - | -49 x | -166 x | 10.6 x |
| FCF Yield | - | - | 3.36% | - | - | -2.04% | -0.6% | 9.41% |
| Price to Book | - | - | 1.29 x | - | - | 0.45 x | 0.41 x | 0.35 x |
| Nbr of stocks (in thousands) | 434,903 | 434,903 | 434,903 | 434,903 | 434,903 | 434,903 | - | - |
| Reference price 2 | 0.6970 | 0.5700 | 0.6140 | 0.4245 | 0.4520 | 0.4500 | 0.4500 | 0.4500 |
| Announcement Date | 3/31/20 | 3/18/21 | 3/18/22 | 3/16/23 | 3/12/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 300.6 | 281.3 | 514 | 605.4 | 618.1 | 640.7 | 665 | 677.9 |
| EBITDA 1 | - | 68.2 | 153.9 | 193.1 | 211.4 | 219.8 | 242.9 | 263.7 |
| EBIT 1 | - | - | 75.9 | 101.1 | 104.7 | 93.3 | 83.86 | 98.88 |
| Operating Margin | - | - | 14.77% | 16.7% | 16.94% | 14.56% | 12.61% | 14.59% |
| Earnings before Tax (EBT) 1 | - | - | 54.9 | 97 | 99.1 | 86.99 | 77.64 | 90.06 |
| Net income 1 | 30.3 | 24.2 | 40.8 | 68.5 | 80.9 | 63 | 57.78 | 73.64 |
| Net margin | 10.08% | 8.6% | 7.94% | 11.31% | 13.09% | 9.83% | 8.69% | 10.86% |
| EPS 2 | - | - | 0.0900 | - | - | 0.1445 | 0.1335 | 0.1700 |
| Free Cash Flow 1 | - | - | 34.42 | - | - | -20 | -6.1 | 95.9 |
| FCF margin | - | - | 6.7% | - | - | -3.12% | -0.92% | 14.15% |
| FCF Conversion (EBITDA) | - | - | 22.36% | - | - | - | - | 36.37% |
| FCF Conversion (Net income) | - | - | 84.36% | - | - | - | - | 130.23% |
| Dividend per Share 2 | - | 0.0220 | 0.0230 | - | - | 0.0300 | 0.0325 | 0.0400 |
| Announcement Date | 3/31/20 | 3/18/21 | 3/18/22 | 3/16/23 | 3/12/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 226.4 | 140.9 | 146.7 | 136.6 | 153.2 | 158.2 | 143.7 | 157.9 | 301.6 | 154.7 | 161.8 |
| EBITDA 1 | 65.8 | 58.3 | 29.4 | 44.4 | 55.49 | 37.4 | - | 53.4 | 100 | 61 | 50.1 |
| EBIT 1 | 32.1 | 36.8 | 7 | 23.2 | 41.1 | 14 | 21.2 | 27.3 | 48.5 | - | 21.3 |
| Operating Margin | 14.18% | 26.12% | 4.77% | 16.98% | 26.83% | 8.85% | 14.75% | 17.29% | 16.08% | - | 13.16% |
| Earnings before Tax (EBT) 1 | - | 30.9 | - | - | - | 14.2 | - | 24.7 | 42.6 | - | 23.9 |
| Net income 1 | -12.6 | 34.9 | - | 3 | 16.96 | 30.1 | - | 23.2 | 33.4 | - | 26.6 |
| Net margin | -5.57% | 24.77% | - | 2.2% | 11.07% | 19.03% | - | 14.69% | 11.07% | - | 16.44% |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/2/21 | 11/12/21 | 3/18/22 | 5/12/22 | 11/21/22 | 3/16/23 | 5/12/23 | 8/2/23 | 8/2/23 | 11/14/23 | 3/12/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 40.2 | 759 | - | - | 784 | 814 | 823 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.5894 x | 4.93 x | - | - | 3.567 x | 3.352 x | 3.121 x |
| Free Cash Flow 1 | - | - | 34.4 | - | - | -20 | -6.1 | 95.9 |
| ROE (net income / shareholders' equity) | - | - | 12.3% | - | - | 16.3% | 15.8% | 14.8% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | - | 0.4800 | - | - | 0.9900 | 1.100 | 1.300 |
| Cash Flow per Share | - | - | 0.3200 | - | - | - | - | - |
| Capex 1 | - | - | 106 | - | - | 214 | 231 | 146 |
| Capex / Sales | - | - | 20.62% | - | - | 33.4% | 34.74% | 21.54% |
| Announcement Date | 3/31/20 | 3/18/21 | 3/18/22 | 3/16/23 | 3/12/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
0.45
EUR
Average target price
0.65
EUR
Spread / Average Target
+44.44%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -0.44% | 209M | |
| -17.00% | 19.97B | |
| +5.71% | 2.35B | |
| -13.79% | 2.22B | |
| -5.60% | 1.29B | |
| -0.96% | 614M | |
| -4.67% | 567M | |
| -5.28% | 291M | |
| +10.87% | 220M | |
| -1.20% | 151M |
- Stock Market
- Equities
- FNM Stock
- Financials FNM S.p.A.
