Financials MUNIC

Equities

Market Closed - Euronext Paris Other stock markets 08:27:54 2024-05-21 am EDT			5-day change	1st Jan Change
0.528 ^EUR	-0.75%		-1.12%	-38.32%

Jan. 31	Munic: targets for 2026 abandoned	CF
2023	Munic S.A. Reports Earnings Results for the Half Year Ended June 30, 2023	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Capitalization ¹	35.21	22.3	27.07	4.772	4.772	-
Enterprise Value (EV) ¹	33.88	22.09	26.79	7.678	6.072	8.272
P/E ratio	-6.24 x	-95 x	-	-2.8 x	-	53.2 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	4.68 x	1.16 x	1.26 x	0.52 x	0.25 x	0.17 x
EV / Revenue	4.5 x	1.15 x	1.24 x	0.52 x	0.32 x	0.29 x
EV / EBITDA	-11.2 x	51.7 x	12.9 x	7.28 x	3.8 x	3.6 x
EV / FCF	-4.92 x	-	-	-2.76 x	5.52 x	-3.76 x
FCF Yield	-20.3%	-	-	-36.3%	18.1%	-26.6%
Price to Book	-	-	-	0.38 x	0.38 x	0.37 x
Nbr of stocks (in thousands)	7,621	7,825	7,869	8,970	8,970	-
Reference price ²	4.620	2.850	3.440	0.5320	0.5320	0.5320
Announcement Date	3/30/21	3/31/22	3/29/23	3/28/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	17.2	7.529	19.26	21.57	14.75	19.2	28.8
EBITDA ¹	-	-3.019	0.427	2.072	1.054	1.6	2.3
EBIT ¹	-	-3.69	-1.433	-0.906	-2.44	0.2	0.3
Operating Margin	-	-49.01%	-7.44%	-4.2%	-16.54%	1.04%	1.04%
Earnings before Tax (EBT)	-	-6.426	-	-	-	-	-
Net income ¹	-0.813	-5.652	-0.229	0.015	-1.791	-	0.1
Net margin	-4.73%	-75.07%	-1.19%	0.07%	-12.14%	-	0.35%
EPS ²	-	-0.7400	-0.0300	-	-0.1900	-	0.0100
Free Cash Flow ¹	-	-6.886	-	-	-2.6	1.1	-2.2
FCF margin	-	-91.46%	-	-	-17.57%	5.73%	-7.64%
FCF Conversion (EBITDA)	-	-	-	-	-	68.75%	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	3/31/20	3/30/21	3/31/22	3/29/23	3/28/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	2.4	1.3	3.5
Net Cash position ¹	-	1.32	0.21	0.28	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-2.4 x	0.8125 x	1.522 x
Free Cash Flow ¹	-	-6.89	-	-	-2.6	1.1	-2.2
ROE (net income / shareholders' equity)	-	-102%	-2.09%	0.12%	-13.4%	0.1%	0.9%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	-	-	1.400	1.410	1.420
Cash Flow per Share ²	-	-0.5700	-0.1600	-0	-0.0300	0.1500	0.2400
Capex	-	2.4	-	-	-	2.9	2.9
Capex / Sales	-	31.86%	-	-	-	15.1%	10.07%
Announcement Date	3/31/20	3/30/21	3/31/22	3/29/23	3/28/24	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.532 EUR

Average target price

1.3 EUR

Spread / Average Target

+144.36%

	1st Jan change	Capi.
MUNIC	-38.32%	5.18M
UBTECH ROBOTICS CORP LTD	+86.02%	2.67B
RAINBOW ROBOTICS CO.,LTD.	-1.88%	2.5B
ZHE JIANG DALI TECHNOLOGY CO.,LTD	+17.18%	1.13B
MAYTRONICS LTD.	-26.99%	924M
QUICK INTELLIGENT EQUIPMENT CO.,LTD.	-25.32%	755M
HESAI GROUP	-46.41%	671M
HANGZHOU JINGYE INTELLIGENT TECHNOLOGY CO., LTD.	-27.74%	493M
SHENZHEN GENVICT TECHNOLOGIES CO., LTD.	-8.50%	435M
NORBIT ASA	+15.96%	379M