SANLORENZO S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 40.85 EUR | +0.37% |
|
+5.15% | -3.54% |
| Apr. 24 | Stock markets bullish; Eni with profit down | AN |
| Apr. 23 | Mib rises; A2A on fifth bullish session in a row. | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 551.1 | 568.3 | 1,305 | 1,281 | 1,471 | 1,422 | - | - |
| Enterprise Value (EV) 1 | 560.2 | 564.5 | 1,266 | 1,180 | 1,330 | 1,270 | 1,226 | 1,162 |
| P/E ratio | 20.4 x | 16.5 x | 25.8 x | 17.4 x | - | 14.3 x | 12.7 x | 12 x |
| Yield | - | 1.82% | 1.58% | 1.79% | 2.36% | 2.74% | 2.73% | 3.04% |
| Capitalization / Revenue | 1.21 x | 1.24 x | 2.23 x | 1.73 x | 1.75 x | 1.52 x | 1.43 x | 1.36 x |
| EV / Revenue | 1.23 x | 1.23 x | 2.16 x | 1.59 x | 1.58 x | 1.36 x | 1.23 x | 1.11 x |
| EV / EBITDA | 8.49 x | 8.15 x | 13.4 x | 9.06 x | 8.43 x | 7.49 x | 6.27 x | 5.75 x |
| EV / FCF | 313 x | 37.8 x | 26.3 x | 14.7 x | 20.1 x | 17.6 x | 15.1 x | 11.9 x |
| FCF Yield | 0.32% | 2.64% | 3.81% | 6.79% | 4.97% | 5.69% | 6.63% | 8.37% |
| Price to Book | 3.36 x | 3.06 x | 5.71 x | 4.47 x | - | 3.36 x | 2.81 x | 2.43 x |
| Nbr of stocks (in thousands) | 34,500 | 34,441 | 34,441 | 34,661 | 34,732 | 34,805 | - | - |
| Reference price 2 | 15.97 | 16.50 | 37.90 | 36.95 | 42.35 | 40.85 | 40.85 | 40.85 |
| Announcement Date | 3/13/20 | 3/16/21 | 3/10/22 | 3/14/23 | 3/15/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 455.9 | 457.7 | 585.9 | 740.7 | 840.2 | 933.5 | 993.2 | 1,048 |
| EBITDA 1 | 66.02 | 69.24 | 94.63 | 130.2 | 157.8 | 169.6 | 195.4 | 202 |
| EBIT 1 | 49.15 | 49.03 | 72.19 | 102.7 | 125.9 | 142.2 | 162.9 | 167.6 |
| Operating Margin | 10.78% | 10.71% | 12.32% | 13.87% | 14.98% | 15.23% | 16.4% | 16% |
| Earnings before Tax (EBT) 1 | 37.88 | 46.89 | 71.01 | 102.3 | 129.7 | 140.4 | 155.8 | 168 |
| Net income 1 | 27.03 | 34.51 | 51.01 | 74.15 | 92.84 | 100.6 | 112.5 | 120.9 |
| Net margin | 5.93% | 7.54% | 8.71% | 10.01% | 11.05% | 10.78% | 11.32% | 11.54% |
| EPS 2 | 0.7830 | 1.000 | 1.470 | 2.120 | - | 2.866 | 3.228 | 3.395 |
| Free Cash Flow 1 | 1.787 | 14.93 | 48.2 | 80.11 | 66.07 | 72.2 | 81.3 | 97.35 |
| FCF margin | 0.39% | 3.26% | 8.23% | 10.82% | 7.86% | 7.73% | 8.19% | 9.29% |
| FCF Conversion (EBITDA) | 2.71% | 21.56% | 50.94% | 61.52% | 41.86% | 42.57% | 41.6% | 48.19% |
| FCF Conversion (Net income) | 6.61% | 43.25% | 94.5% | 108.03% | 71.17% | 71.77% | 72.29% | 80.52% |
| Dividend per Share 2 | - | 0.3000 | 0.6000 | 0.6600 | 1.000 | 1.120 | 1.115 | 1.243 |
| Announcement Date | 3/13/20 | 3/16/21 | 3/10/22 | 3/14/23 | 3/15/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q3 | 2022 Q1 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 263.6 | 164.8 | 164.4 | 344.9 | 199.2 | 196.6 | 183.7 | 204.7 | 388.4 | 237.6 | 170.8 |
| EBITDA 1 | 39.95 | 28.68 | 25.89 | - | 36.49 | 37.12 | 31.26 | 36.59 | 67.84 | 46.18 | 43.81 |
| EBIT 1 | 29.79 | 22.34 | 19.82 | - | 29.81 | 28.63 | 24.18 | 28.96 | 53.13 | 38.19 | 34.56 |
| Operating Margin | 11.3% | 13.55% | 12.05% | - | 14.97% | 14.56% | 13.16% | 14.15% | 13.68% | 16.08% | 20.24% |
| Earnings before Tax (EBT) | 29.17 | 22.12 | - | - | - | - | - | - | - | - | - |
| Net income 1 | 21.24 | 15.57 | 13.98 | 32.46 | 19.78 | 21.91 | 17.21 | 21.84 | 39.04 | 27.9 | 25.9 |
| Net margin | 8.06% | 9.45% | 8.51% | 9.41% | 9.93% | 11.14% | 9.37% | 10.67% | 10.05% | 11.74% | 15.17% |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 9/13/21 | 11/4/21 | 5/5/22 | 9/1/22 | 11/8/22 | 3/14/23 | 5/11/23 | 8/3/23 | 8/3/23 | 11/9/23 | 3/15/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 9.1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 3.83 | 39 | 100 | 140 | 152 | 196 | 259 |
| Leverage (Debt/EBITDA) | 0.1378 x | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1.79 | 14.9 | 48.2 | 80.1 | 66.1 | 72.2 | 81.3 | 97.4 |
| ROE (net income / shareholders' equity) | 20.6% | 20.5% | 24.6% | 28.7% | - | 24.8% | 23.2% | 21.7% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 4.750 | 5.380 | 6.640 | 8.260 | - | 12.20 | 14.50 | 16.80 |
| Cash Flow per Share 2 | 1.650 | 1.330 | 2.820 | 4.150 | - | 3.840 | 3.390 | 4.520 |
| Capex 1 | 51.4 | 30.8 | 49.6 | 65 | 51.1 | 49.8 | 53.4 | 50.8 |
| Capex / Sales | 11.27% | 6.73% | 8.47% | 8.78% | 6.08% | 5.33% | 5.37% | 4.85% |
| Announcement Date | 3/13/20 | 3/16/21 | 3/10/22 | 3/14/23 | 3/15/24 | - | - | - |
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
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
40.85
EUR
Average target price
51.65
EUR
Spread / Average Target
+26.44%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -3.54% | 1.52B | |
| -7.06% | 997M | |
| -37.71% | 698M | |
| +18.96% | 554M | |
| +0.88% | 399M | |
| -9.23% | 350M | |
| +16.59% | 234M | |
| -15.30% | 155M | |
| +3.91% | 54.12M | |
| +19.35% | 50.13M |
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- Financials Sanlorenzo S.p.A.
