PALFINGER AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 21.6 EUR | -2.48% |
|
+0.93% | -14.29% |
| Apr. 26 | Transcript : Palfinger AG, Q1 2024 Earnings Call, Apr 26, 2024 | |
| Mar. 29 | Palfinger Ag Provides Earnings Forecast for First Quarter and Full Year 2024 A | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,100 | 973.7 | 1,293 | 889.1 | 876.1 | 751 | - | - |
| Enterprise Value (EV) 1 | 1,625 | 1,371 | 1,770 | 1,499 | 1,544 | 1,354 | 1,263 | 1,201 |
| P/E ratio | 13.7 x | 19.6 x | 14.9 x | 11.5 x | 8.13 x | 10.2 x | 7.5 x | 5.27 x |
| Yield | 2.43% | 1.74% | 2.24% | 3.26% | 4.17% | 3.96% | 4.31% | 5.56% |
| Capitalization / Revenue | 0.63 x | 0.63 x | 0.7 x | 0.4 x | 0.36 x | 0.33 x | 0.31 x | 0.28 x |
| EV / Revenue | 0.93 x | 0.89 x | 0.96 x | 0.67 x | 0.63 x | 0.59 x | 0.52 x | 0.45 x |
| EV / EBITDA | 7.27 x | 7.27 x | 7.26 x | 6.53 x | 5.1 x | 5.22 x | 4.3 x | 3.56 x |
| EV / FCF | 26.9 x | 7.91 x | -42 x | -50.9 x | 33.2 x | 9.48 x | 17.4 x | - |
| FCF Yield | 3.72% | 12.6% | -2.38% | -1.96% | 3.01% | 10.5% | 5.73% | - |
| Price to Book | 1.9 x | 1.71 x | 2.32 x | 1.45 x | - | 0.98 x | 0.89 x | 0.88 x |
| Nbr of stocks (in thousands) | 37,593 | 37,593 | 37,593 | 37,593 | 34,767 | 34,767 | - | - |
| Reference price 2 | 29.25 | 25.90 | 34.40 | 23.65 | 25.20 | 21.60 | 21.60 | 21.60 |
| Announcement Date | 2/18/20 | 2/25/21 | 2/23/22 | 2/23/23 | 3/6/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,754 | 1,534 | 1,842 | 2,226 | 2,446 | 2,310 | 2,405 | 2,672 |
| EBITDA 1 | 223.6 | 188.7 | 243.7 | 229.6 | 302.9 | 259.1 | 293.5 | 337.2 |
| EBIT 1 | 149 | 100.3 | 155 | 150.4 | 210.2 | 161.3 | 197.6 | 247.2 |
| Operating Margin | 8.5% | 6.54% | 8.42% | 6.76% | 8.59% | 6.98% | 8.22% | 9.25% |
| Earnings before Tax (EBT) 1 | 133.1 | 85.1 | 143.6 | 133.7 | 173.4 | 139.6 | 176 | 236.2 |
| Net income 1 | 80.03 | 49.79 | 86.56 | 71.37 | 107.7 | 73.41 | 102.4 | 142.4 |
| Net margin | 4.56% | 3.25% | 4.7% | 3.21% | 4.4% | 3.18% | 4.26% | 5.33% |
| EPS 2 | 2.130 | 1.320 | 2.310 | 2.050 | 3.100 | 2.112 | 2.880 | 4.097 |
| Free Cash Flow 1 | 60.39 | 173.3 | -42.1 | -29.44 | 46.5 | 142.8 | 72.4 | - |
| FCF margin | 3.44% | 11.3% | -2.29% | -1.32% | 1.9% | 6.18% | 3.01% | - |
| FCF Conversion (EBITDA) | 27% | 91.87% | - | - | 15.35% | 55.09% | 24.67% | - |
| FCF Conversion (Net income) | 75.46% | 348.11% | - | - | 43.19% | 194.46% | 70.68% | - |
| Dividend per Share 2 | 0.7100 | 0.4500 | 0.7700 | 0.7700 | 1.050 | 0.8550 | 0.9300 | 1.200 |
| Announcement Date | 2/18/20 | 2/25/21 | 2/23/22 | 2/23/23 | 3/6/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 884.1 | 453.5 | 503.9 | 485.6 | 553.4 | 1,039 | 541.9 | 645.3 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 92.13 | 33.27 | 29.62 | 30.4 | 49.84 | 80.24 | 32.26 | 37.9 | 48.9 | 62.33 |
| Operating Margin | 10.42% | 7.34% | 5.88% | 6.26% | 9.01% | 7.72% | 5.95% | 5.87% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| EPS | 1.490 | - | - | - | 0.6800 | - | - | 0.5200 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/30/21 | 10/29/21 | 2/23/22 | 4/29/22 | 7/29/22 | 7/29/22 | 10/28/22 | 2/23/23 | 6/6/23 | 9/6/23 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 526 | 397 | 477 | 610 | 668 | 603 | 512 | 450 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.35 x | 2.105 x | 1.956 x | 2.656 x | 2.206 x | 2.327 x | 1.743 x | 1.335 x |
| Free Cash Flow 1 | 60.4 | 173 | -42.1 | -29.4 | 46.5 | 143 | 72.4 | - |
| ROE (net income / shareholders' equity) | 14.6% | 10.1% | 17.6% | 15.4% | - | 10.8% | 14.3% | 17.5% |
| ROA (Net income/ Total Assets) | 5.05% | 3.11% | 5.33% | 3.91% | - | 3.52% | 5.76% | 6.17% |
| Assets 1 | 1,585 | 1,601 | 1,625 | 1,825 | - | 2,086 | 1,777 | 2,308 |
| Book Value Per Share 2 | 15.40 | 15.10 | 14.80 | 16.30 | - | 22.10 | 24.20 | 24.50 |
| Cash Flow per Share 2 | 4.150 | 5.980 | 2.330 | 1.330 | - | 5.380 | 7.050 | 6.870 |
| Capex 1 | 95.6 | 65.1 | 129 | 116 | - | 126 | 126 | 120 |
| Capex / Sales | 5.45% | 4.24% | 6.99% | 5.22% | - | 5.46% | 5.24% | 4.49% |
| Announcement Date | 2/18/20 | 2/25/21 | 2/23/22 | 2/23/23 | 3/6/24 | - | - | - |
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
OUTPERFORM
Number of Analysts
4
Last Close Price
21.6
EUR
Average target price
29.88
EUR
Spread / Average Target
+38.31%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.29% | 802M | |
| +14.65% | 58.67B | |
| +26.10% | 36.8B | |
| +26.70% | 28.74B | |
| +15.62% | 25.64B | |
| +11.71% | 23.31B | |
| +1.34% | 21.74B | |
| +15.97% | 18.38B | |
| -6.32% | 14.21B | |
| +18.96% | 12.04B |
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- Financials Palfinger AG
