Financials Maire Tecnimont S.p.A.

Equities

MT

IT0004931058

Construction & Engineering

Market Closed - Borsa Italiana 11:44:59 2024-04-26 am EDT 5-day change 1st Jan Change
7.73 EUR +3.48% Intraday chart for Maire Tecnimont S.p.A. +2.32% +57.43%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 812.9 598.8 1,364 1,016 1,608 2,539 - -
Enterprise Value (EV) 1 1,022 904.3 1,580 1,016 1,251 2,248 2,233 2,119
P/E ratio 7.19 x 10.4 x 16.4 x 11.3 x 12.9 x 12.7 x 10.3 x 8.6 x
Yield - 6.37% 4.4% - 4.01% 3.87% 5.47% 7.23%
Capitalization / Revenue 0.24 x 0.23 x 0.48 x 0.29 x 0.38 x 0.42 x 0.38 x 0.33 x
EV / Revenue 0.31 x 0.34 x 0.55 x 0.29 x 0.29 x 0.38 x 0.33 x 0.28 x
EV / EBITDA 4.34 x 5.25 x 9.1 x 4.85 x 4.56 x 5.68 x 4.85 x 3.99 x
EV / FCF -46 x -19.8 x 9.53 x - 3.73 x 25.9 x 19.5 x 9.76 x
FCF Yield -2.17% -5.06% 10.5% - 26.8% 3.86% 5.13% 10.3%
Price to Book 1.99 x 1.45 x 2.77 x - 3.06 x 3.76 x 3.13 x 2.62 x
Nbr of stocks (in thousands) 328,569 328,640 327,780 327,465 327,431 328,517 - -
Reference price 2 2.474 1.822 4.160 3.102 4.910 7.730 7.730 7.730
Announcement Date 3/11/20 3/10/21 2/25/22 3/1/23 3/5/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,338 2,631 2,865 3,464 4,260 5,993 6,751 7,621
EBITDA 1 235.6 172.2 173.7 209.3 274.4 395.7 460.4 531.7
EBIT 1 188.9 123.7 130 158 216.5 323.1 384.5 449.4
Operating Margin 5.66% 4.7% 4.54% 4.56% 5.08% 5.39% 5.7% 5.9%
Earnings before Tax (EBT) 1 167 78.81 113.8 129.1 186.2 299.1 351.1 404
Net income 1 113 57.8 83.3 89.89 125.4 203.2 247.9 295
Net margin 3.38% 2.2% 2.91% 2.6% 2.94% 3.39% 3.67% 3.87%
EPS 2 0.3440 0.1760 0.2540 0.2740 0.3820 0.6108 0.7494 0.8992
Free Cash Flow 1 -22.22 -45.76 165.9 - 335.2 86.85 114.6 217.2
FCF margin -0.67% -1.74% 5.79% - 7.87% 1.45% 1.7% 2.85%
FCF Conversion (EBITDA) - - 95.51% - 122.14% 21.95% 24.89% 40.86%
FCF Conversion (Net income) - - 199.16% - 267.36% 42.75% 46.22% 73.63%
Dividend per Share 2 - 0.1160 0.1832 - 0.1970 0.2992 0.4228 0.5588
Announcement Date 3/11/20 3/10/21 2/25/22 3/1/23 3/5/24 - - -
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 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1
Net sales 1 1,216 1,327 725.4 812 728.4 887 1,615 901.4 946.9 957.9 1,008 1,966 1,123 1,171 1,264
EBITDA 1 73.3 79.98 44.17 49.55 43.7 53.73 97.43 54.02 57.86 58 62.9 120.9 75.03 81.48 82.1
EBIT 1 49.54 59.42 34.09 36.45 31.9 39.8 71.7 42.58 43.71 45.89 48.9 94.8 61.98 59.76 66.84
Operating Margin 4.07% 4.48% 4.7% 4.49% 4.38% 4.49% 4.44% 4.72% 4.62% 4.79% 4.85% 4.82% 5.52% 5.11% 5.29%
Earnings before Tax (EBT) 1 27.58 53.35 28.54 - - 32.43 57.98 29.87 41.24 37.54 39.9 77.4 49.71 59.1 67.09
Net income 1 20.07 39.99 20.44 22.87 18.4 23.81 42.17 18.83 28.89 25.16 26.4 51.6 30.6 43.16 43.78
Net margin 1.65% 3.01% 2.82% 2.82% 2.53% 2.68% 2.61% 2.09% 3.05% 2.63% 2.62% 2.63% 2.72% 3.69% 3.46%
EPS - - 0.0620 0.0700 - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 7/29/20 7/29/21 11/4/21 2/25/22 5/11/22 7/28/22 7/28/22 10/27/22 3/1/23 5/3/23 7/27/23 7/27/23 10/26/23 3/5/24 4/24/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 209 306 217 - - - - -
Net Cash position 1 - - - - 357 292 307 420
Leverage (Debt/EBITDA) 0.8884 x 1.774 x 1.248 x - - - - -
Free Cash Flow 1 -22.2 -45.8 166 - 335 86.9 115 217
ROE (net income / shareholders' equity) 31.5% 14.1% 18.4% - 24.6% 33.5% 32.7% 32.1%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 1.240 1.260 1.500 - 1.600 2.060 2.470 2.950
Cash Flow per Share 2 -0.0500 -0.0600 0.6000 - 1.130 0.7700 - -
Capex 1 21.9 25.2 30.6 - 34.5 156 146 114
Capex / Sales 0.66% 0.96% 1.07% - 0.81% 2.61% 2.16% 1.49%
Announcement Date 3/11/20 3/10/21 2/25/22 3/1/23 3/5/24 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
7.73 EUR
Average target price
7.971 EUR
Spread / Average Target
+3.12%
Consensus

Quarterly revenue - Rate of surprise

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