Financials IONOS Group SE

Equities

IOS

DE000A3E00M1

IT Services & Consulting

Market Closed - Xetra Other stock markets 11:35:21 2024-05-08 am EDT			5-day change	1st Jan Change
23.8 ^EUR	-6.48%		-1.04%	+36.31%

May. 08	IONOS : DZ Bank reiterates its Buy rating	ZD
May. 08	Ionos weak after record chase and figures - United Internet firm	DP

Valuation

Fiscal Period: December	2023	2024	2025	2026
Capitalization ¹	2,444	3,332	-	-
Enterprise Value (EV) ¹	2,444	4,290	4,067	3,747
P/E ratio	14.2 x	18.4 x	14.6 x	11.8 x
Yield	-	-	-	-
Capitalization / Revenue	1.72 x	2.11 x	1.93 x	1.77 x
EV / Revenue	1.72 x	2.72 x	2.36 x	1.99 x
EV / EBITDA	6.26 x	9.49 x	7.87 x	6.5 x
EV / FCF	-	22.4 x	17.2 x	13.6 x
FCF Yield	-	4.47%	5.82%	7.33%
Price to Book	-	19.6 x	8.18 x	4.99 x
Nbr of stocks (in thousands)	140,000	140,000	-	-
Reference price ²	17.46	23.80	23.80	23.80
Announcement Date	3/27/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,293	1,424	1,579	1,726	1,884
EBITDA ¹	-	345.6	390.3	452.2	516.6	576.2
EBIT ¹	-	208	277.5	331.7	384	437.6
Operating Margin	-	16.09%	19.49%	21%	22.24%	23.22%
Earnings before Tax (EBT) ¹	98.14	112	215.3	264.1	326.8	387.9
Net income ¹	60.92	73.77	174.2	183.1	228.8	271.7
Net margin	-	5.71%	12.24%	11.6%	13.26%	14.42%
EPS ²	-	0.5300	1.230	1.294	1.635	2.018
Free Cash Flow ¹	-	91.28	-	191.6	236.6	274.6
FCF margin	-	7.06%	-	12.13%	13.7%	14.57%
FCF Conversion (EBITDA)	-	26.41%	-	42.37%	45.79%	47.65%
FCF Conversion (Net income)	-	123.73%	-	104.63%	103.37%	101.04%
Dividend per Share ²	-	-	-	-	-	-
Announcement Date	3/30/22	3/31/23	3/27/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3
Net sales ¹	353.8	354.8	350.1	365	385	390.9	388.4
EBITDA ¹	86.2	114.6	105.5	83.97	102	-	-
EBIT ¹	65.87	84.51	74.49	52.6	62.68	95.44	85.62
Operating Margin	18.62%	23.82%	21.28%	14.41%	16.28%	24.42%	22.05%
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	5/12/23	8/3/23	11/15/23	3/27/24	-	-	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	1,334	-	958	735	415
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	3.86 x	-	2.119 x	1.423 x	0.7201 x
Free Cash Flow ¹	-	91.3	-	192	237	275
ROE (net income / shareholders' equity)	-	-	-	202%	78%	54.1%
ROA (Net income/ Total Assets)	-	5.28%	-	11.2%	13.7%	15.2%
Assets ¹	-	1,398	-	1,633	1,675	1,788
Book Value Per Share ²	-	-1.160	-	1.210	2.910	4.770
Cash Flow per Share ²	-	1.350	-	1.960	2.430	2.830
Capex ¹	-	97.1	-	100	112	119
Capex / Sales	-	7.51%	-	6.34%	6.47%	6.3%
Announcement Date	3/30/22	3/31/23	3/27/24	-	-	-

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

Ratings for IONOS Group SE

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

23.8 EUR

Average target price

25.82 EUR

Spread / Average Target

+8.47%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Cloud Computing Services

	1st Jan change	Capi.
IONOS GROUP SE	+36.31%	3.84B
CLOUDFLARE, INC.	-12.98%	25.19B
NUTANIX, INC.	+38.83%	15.96B
DYNATRACE, INC.	-15.76%	13.84B
QUALYS, INC.	-23.71%	6.13B
KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED	-22.41%	4.23B
DIGITALOCEAN HOLDINGS, INC.	-8.23%	3.18B
ALKAMI TECHNOLOGY, INC.	+9.57%	2.69B
BEIJING SINNET TECHNOLOGY CO.,LTD	-6.48%	2.33B
IONQ, INC.	-29.14%	1.82B

Cloud Computing Services