PROCREDIT HOLDING AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.42 EUR | +4.20% |
|
+7.78% | +16.30% |
| Mar. 21 | Transcript : ProCredit Holding AG - Analyst/Investor Day | |
| Mar. 20 | Transcript : ProCredit Holding AG, 2023 Earnings Call, Mar 20, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 427 | 438.8 | 472.4 | 219.7 | 477.1 | 554.8 | - | - |
| Enterprise Value (EV) 1 | 427 | 438.8 | 472.4 | 219.7 | 477.1 | 554.8 | 554.8 | 554.8 |
| P/E ratio | 8.15 x | 10.6 x | 5.94 x | 13.3 x | - | 5.12 x | 4.44 x | 3.72 x |
| Yield | 4.14% | 2.42% | 6.61% | - | - | 6.64% | 7.43% | 8.67% |
| Capitalization / Revenue | 1.71 x | 1.76 x | 1.68 x | 0.65 x | 1.16 x | 1.44 x | 1.26 x | 1.18 x |
| EV / Revenue | 1.71 x | 1.76 x | 1.68 x | 0.65 x | 1.16 x | 1.44 x | 1.26 x | 1.18 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 0.54 x | 0.56 x | 0.55 x | 0.25 x | - | 0.52 x | 0.48 x | 0.44 x |
| Nbr of stocks (in thousands) | 58,898 | 58,898 | 58,898 | 58,898 | 58,898 | 58,898 | - | - |
| Reference price 2 | 7.250 | 7.450 | 8.020 | 3.730 | 8.100 | 9.420 | 9.420 | 9.420 |
| Announcement Date | 3/26/20 | 3/25/21 | 3/24/22 | 3/23/23 | 3/20/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 249.3 | 249 | 281.9 | 339.8 | 412.5 | 384.5 | 440.1 | 471.5 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 73.54 | 80.7 | 101 | 122.4 | 165.6 | 157 | 168 | 190 |
| Operating Margin | 29.5% | 32.41% | 35.84% | 36.02% | 40.15% | 40.83% | 38.17% | 40.3% |
| Earnings before Tax (EBT) 1 | 76.87 | 52.1 | 94.53 | 17.85 | 150.1 | 134 | 154.8 | 184.8 |
| Net income 1 | 52.6 | 41.4 | 79.64 | 16.5 | 113.4 | 108.2 | 125 | 149.3 |
| Net margin | 21.1% | 16.63% | 28.25% | 4.85% | 27.49% | 28.15% | 28.41% | 31.67% |
| EPS 2 | 0.8900 | 0.7000 | 1.350 | 0.2800 | - | 1.839 | 2.124 | 2.533 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.3000 | 0.1800 | 0.5300 | - | - | 0.6253 | 0.6997 | 0.8170 |
| Announcement Date | 3/26/20 | 3/25/21 | 3/24/22 | 3/23/23 | 3/20/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 71.17 | 83.43 | - | 82.54 | 160.2 | 86.45 | 93.21 | - | 98.06 | 109.4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | 30.29 | 20.96 | -3.82 | 10.42 | 6.602 | 11.12 | 0.12 | - | 40.81 | 38.48 |
| Net income | 30.57 | 25.66 | 17.61 | - | 9.416 | 7.703 | 9.637 | - | 29.46 | 34.64 | - |
| Net margin | - | 36.06% | 21.11% | - | 11.41% | 4.81% | 11.15% | - | - | 35.32% | - |
| EPS | - | - | - | - | - | - | - | - | 0.5000 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/26/20 | 11/11/21 | 3/24/22 | 5/11/22 | 8/11/22 | 8/11/22 | 11/14/22 | 3/23/23 | 5/18/23 | 8/14/23 | 11/14/23 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 6.9% | 5.3% | 9.7% | 1.9% | - | 10.6% | 11.3% | 12.4% |
| ROA (Net income/ Total Assets) | 0.94% | 0.59% | 1.02% | 0.19% | - | 1.1% | 1.1% | 1.2% |
| Assets 1 | 5,577 | 7,014 | 7,772 | 8,521 | - | 9,838 | 11,368 | 12,444 |
| Book Value Per Share 2 | 13.50 | 13.20 | 14.50 | 14.80 | - | 18.00 | 19.40 | 21.30 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 3/26/20 | 3/25/21 | 3/24/22 | 3/23/23 | 3/20/24 | - | - | - |
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
BUY
Number of Analysts
2
Last Close Price
9.42
EUR
Average target price
17
EUR
Spread / Average Target
+80.47%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +16.30% | 592M | |
| +16.61% | 210B | |
| +2.39% | 73.14B | |
| +7.99% | 54.82B | |
| +1.36% | 47.1B | |
| +13.25% | 47B | |
| +19.29% | 44.81B | |
| +10.93% | 36.6B | |
| -16.21% | 35.14B | |
| -96.60% | 32.24B |
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