Financials Pekabex S.A.

Equities

PBX

PLPKBEX00072

Construction & Engineering

Delayed Warsaw S.E. Other stock markets 08:34:04 2024-04-30 am EDT			5-day change	1st Jan Change
25.6 ^PLN	-1.54%		-1.54%	+17.43%

Apr. 11	Pekabex S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Mar. 14	Erbud Inks PLN 73.5 Million Deal with Subcontractor Pekabex Bet for Production Hall in Gdansk	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	419.6	595.8	353.8	541.2	645.5	-	-
Enterprise Value (EV) ¹	419.6	716.6	441.7	541.2	732.3	716.4	661
P/E ratio	7.19 x	-	-	-	-	-	-
Yield	-	0.83%	2.88%	-	2.23%	2.38%	-
Capitalization / Revenue	-	0.4 x	0.21 x	0.35 x	0.36 x	0.31 x	0.28 x
EV / Revenue	-	0.48 x	0.26 x	0.35 x	0.41 x	0.35 x	0.29 x
EV / EBITDA	-	8.48 x	3.46 x	3.88 x	5.12 x	5.01 x	4.29 x
EV / FCF	-	20.9 x	-	-	15.9 x	8.43 x	-
FCF Yield	-	4.77%	-	-	6.28%	11.9%	-
Price to Book	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	24,827	24,827	24,827	24,827	24,827	-	-
Reference price ²	16.90	24.00	14.25	21.80	26.00	26.00	26.00
Announcement Date	4/22/21	4/27/22	3/1/23	4/9/24	-	-	-

¹PLN in Million²PLN

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,505	1,678	1,566	1,790	2,057	2,273
EBITDA ¹	-	84.49	127.7	139.4	143	143	154
EBIT ¹	-	57.77	100	110.4	114	113.3	124.7
Operating Margin	-	3.84%	5.96%	7.05%	6.37%	5.51%	5.49%
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income	57.9	40.29	67.26	-	-	-	-
Net margin	-	2.68%	4.01%	-	-	-	-
EPS	2.350	-	-	-	-	-	-
Free Cash Flow ¹	-	34.22	-	-	46	85	-
FCF margin	-	2.27%	-	-	2.57%	4.13%	-
FCF Conversion (EBITDA)	-	40.49%	-	-	32.17%	59.44%	-
FCF Conversion (Net income)	-	84.92%	-	-	-	-	-
Dividend per Share ²	-	0.2000	0.4100	-	0.5800	0.6200	-
Announcement Date	4/22/21	4/27/22	3/1/23	4/9/24	-	-	-

¹PLN in Million²PLN

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1
Net sales ¹	387.1
EBITDA ¹	42.84
EBIT ¹	35.81
Operating Margin	9.25%
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	5/31/23

¹PLN in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	121	87.9	-	86.8	70.9	15.5
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	1.43 x	0.6885 x	-	0.607 x	0.4958 x	0.1006 x
Free Cash Flow ¹	-	34.2	-	-	46	85	-
ROE (net income / shareholders' equity)	-	10.5%	13.9%	-	12.6%	12.2%	12.9%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	17.5	-	-	35	36	-
Capex / Sales	-	1.16%	-	-	1.96%	1.75%	-
Announcement Date	4/22/21	4/27/22	3/1/23	4/9/24	-	-	-

¹PLN in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Pekabex S.A.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

26 PLN

Average target price

28.3 PLN

Spread / Average Target

+8.85%

Consensus

Chiffre d''affaires - Rate of surprise

Company calendar

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