SAF-HOLLAND SE |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.4 EUR | +2.00% |
|
-2.95% | +21.05% |
| Apr. 16 | SAF-HOLLAND : Buy rating from Hauck & Aufhauser | ZD |
| Apr. 10 | SAF-HOLLAND : Hauck & Aufhauser maintains a Buy rating | ZD |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 335.9 | 508.4 | 558.3 | 400.2 | 690 | 835.3 | - | - |
| Enterprise Value (EV) 1 | 587.6 | 705.1 | 756.4 | 910.7 | 690 | 1,188 | 1,126 | 1,074 |
| P/E ratio | 38.9 x | 37.3 x | 15.2 x | 6.53 x | 8.64 x | 9.17 x | 8.19 x | 7.48 x |
| Yield | - | - | 2.85% | 6.81% | - | 4.67% | 5.12% | 5.42% |
| Capitalization / Revenue | 0.26 x | 0.53 x | 0.45 x | 0.26 x | 0.33 x | 0.41 x | 0.39 x | 0.38 x |
| EV / Revenue | 0.46 x | 0.73 x | 0.61 x | 0.58 x | 0.33 x | 0.59 x | 0.53 x | 0.48 x |
| EV / EBITDA | 5.21 x | 7.19 x | 5.73 x | 5.6 x | 2.61 x | 5.06 x | 4.51 x | 4 x |
| EV / FCF | 13.1 x | 6.21 x | 50.4 x | 7.77 x | - | 11 x | 12.1 x | 11 x |
| FCF Yield | 7.65% | 16.1% | 1.98% | 12.9% | - | 9.11% | 8.24% | 9.1% |
| Price to Book | 1.1 x | 1.71 x | 1.51 x | 0.91 x | - | 1.58 x | 1.42 x | 1.27 x |
| Nbr of stocks (in thousands) | 45,394 | 45,394 | 45,394 | 45,394 | 45,394 | 45,394 | - | - |
| Reference price 2 | 7.400 | 11.20 | 12.30 | 8.815 | 15.20 | 18.40 | 18.40 | 18.40 |
| Announcement Date | 3/19/20 | 3/25/21 | 3/17/22 | 3/30/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,284 | 959.5 | 1,247 | 1,565 | 2,106 | 2,017 | 2,127 | 2,223 |
| EBITDA 1 | 112.9 | 98.13 | 132.1 | 162.7 | 264.1 | 234.8 | 249.5 | 268.6 |
| EBIT 1 | 79.82 | 58.8 | 93.13 | 124.6 | 202.1 | 189.1 | 198.8 | 200.6 |
| Operating Margin | 6.22% | 6.13% | 7.47% | 7.96% | 9.59% | 9.37% | 9.35% | 9.02% |
| Earnings before Tax (EBT) 1 | 24.21 | 19.33 | 62.7 | 88.5 | 121.7 | 133.9 | 150.9 | 163.6 |
| Net income 1 | 8.979 | 13.8 | 36.74 | 61.08 | 79.93 | 91.12 | 102 | 111.6 |
| Net margin | 0.7% | 1.44% | 2.95% | 3.9% | 3.8% | 4.52% | 4.8% | 5.02% |
| EPS 2 | 0.1900 | 0.3000 | 0.8100 | 1.350 | 1.760 | 2.006 | 2.246 | 2.460 |
| Free Cash Flow 1 | 44.96 | 113.5 | 15 | 117.1 | - | 108.3 | 92.75 | 97.75 |
| FCF margin | 3.5% | 11.82% | 1.2% | 7.48% | - | 5.37% | 4.36% | 4.4% |
| FCF Conversion (EBITDA) | 39.82% | 115.63% | 11.35% | 72% | - | 46.13% | 37.18% | 36.39% |
| FCF Conversion (Net income) | 500.67% | 822.46% | 40.82% | 191.78% | - | 118.85% | 90.91% | 87.62% |
| Dividend per Share 2 | - | - | 0.3500 | 0.6000 | - | 0.8596 | 0.9422 | 0.9978 |
| Announcement Date | 3/19/20 | 3/25/21 | 3/17/22 | 3/30/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 321.8 | 369.7 | 403.5 | 402.4 | 389.4 | 480.4 | 555.7 | 1,036 | 552.9 | 517.2 | 511.6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | 23.48 | - | 36.66 | - | 43.36 | 50.82 | 94.18 | 58.6 | 49.28 | 47.6 |
| Operating Margin | - | - | 6.35% | - | 9.11% | - | 9.03% | 9.15% | 9.09% | 10.6% | 9.53% | 9.3% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 14.55 | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.3200 | - | - | - | - | - | - | 0.3900 | - | 0.5500 | - | 0.4900 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/15/21 | 3/17/22 | 5/10/22 | 8/11/22 | 11/10/22 | 3/30/23 | 5/26/23 | 8/10/23 | 8/10/23 | 11/9/23 | 3/14/24 | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 252 | 197 | 198 | 511 | - | 353 | 291 | 239 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.229 x | 2.005 x | 1.499 x | 3.138 x | - | 1.504 x | 1.167 x | 0.8894 x |
| Free Cash Flow 1 | 45 | 113 | 15 | 117 | - | 108 | 92.8 | 97.8 |
| ROE (net income / shareholders' equity) | 2.93% | 4.58% | 18.3% | 15.1% | - | 20.8% | 20.6% | 18.2% |
| ROA (Net income/ Total Assets) | 0.92% | 1.5% | 6.33% | 4.86% | - | 5.73% | 6.45% | 6.94% |
| Assets 1 | 978.1 | 920.5 | 580.5 | 1,256 | - | 1,591 | 1,581 | 1,607 |
| Book Value Per Share 2 | 6.720 | 6.560 | 8.160 | 9.700 | - | 11.60 | 13.00 | 14.50 |
| Cash Flow per Share 2 | 1.680 | 3.040 | 0.8700 | 3.380 | - | 3.480 | 3.080 | 3.400 |
| Capex 1 | 53 | 24.5 | 24.7 | 36.3 | - | 58.1 | 67.2 | 70.4 |
| Capex / Sales | 4.13% | 2.55% | 1.98% | 2.32% | - | 2.88% | 3.16% | 3.17% |
| Announcement Date | 3/19/20 | 3/25/21 | 3/17/22 | 3/30/23 | 3/14/24 | - | - | - |
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
5
Last Close Price
18.4
EUR
Average target price
23.5
EUR
Spread / Average Target
+27.72%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.05% | 892M | |
| +3.72% | 2.99B | |
| +5.86% | 2.86B | |
| -15.59% | 1.98B | |
| +5.31% | 1.77B | |
| +17.02% | 1.66B | |
| -8.48% | 896M | |
| -18.46% | 733M | |
| +19.17% | 560M | |
| +16.06% | 562M |
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- Financials SAF-Holland SE
