Financials Société d'Articles Hygiéniques Société Anonyme

Equities

SAH

TN0007610017

Personal Products

End-of-day quote Tunis 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
8.52 TND -0.23% Intraday chart for Société d'Articles Hygiéniques Société Anonyme +3.02% +6.50%

Valuation

Fiscal Period: December 2018 2019 2021 2022 2023 2024 2025
Capitalization 1 687 767.8 730.6 743.3 695.9 695.9 -
Enterprise Value (EV) 1 958.1 1,063 1,089 743.3 1,125 1,122 695.9
P/E ratio 30 x 33.4 x 44.7 x - - - -
Yield - - - - 3.76% 4.11% 4.69%
Capitalization / Revenue 1.56 x 1.37 x 1.09 x 0.86 x 0.77 x 0.71 x 0.66 x
EV / Revenue 2.18 x 1.9 x 1.62 x 0.86 x 1.24 x 1.15 x 0.66 x
EV / EBITDA 15.1 x 14.1 x 11.3 x 5.5 x 8.21 x 7.38 x -
EV / FCF -7.61 x -12 x 58.2 x - -265 x 38.4 x -
FCF Yield -13.1% -8.37% 1.72% - -0.38% 2.6% -
Price to Book - - - - - - -
Nbr of stocks (in thousands) 77,553 84,016 84,016 84,016 81,682 81,682 -
Reference price 2 8.859 9.139 8.696 8.847 8.520 8.520 8.520
Announcement Date 5/30/19 5/6/20 7/8/22 5/26/23 - - -
1TND in Million2TND
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 440.4 560.1 - 670.5 868.8 909 975 1,047
EBITDA 1 63.6 75.22 - 96.16 135.1 137 152 -
EBIT 1 45.31 54.74 - 51.03 81.59 84.6 91.5 -
Operating Margin 10.29% 9.77% - 7.61% 9.39% 9.31% 9.38% -
Earnings before Tax (EBT) - - - - - - - -
Net income 1 22.78 22.95 33.39 16.22 35.32 63.5 68.6 -
Net margin 5.17% 4.1% - 2.42% 4.07% 6.99% 7.04% -
EPS 0.2956 0.2732 - 0.1944 - - - -
Free Cash Flow 1 -125.9 -88.92 - 18.73 - -4.24 29.2 -
FCF margin -28.58% -15.88% - 2.79% - -0.47% 2.99% -
FCF Conversion (EBITDA) - - - 19.47% - - 19.21% -
FCF Conversion (Net income) - - - 115.45% - - 42.57% -
Dividend per Share 2 - - - - - 0.3200 0.3500 0.4000
Announcement Date 5/30/19 5/6/20 5/10/21 7/8/22 5/26/23 - - -
1TND in Million2TND
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 271 295 - 359 - 429 426 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.262 x 3.92 x - 3.73 x - 3.131 x 2.803 x -
Free Cash Flow 1 -126 -88.9 - 18.7 - -4.24 29.2 -
ROE (net income / shareholders' equity) 11.1% 9% - 5.34% - 10.2% 12% 13.5%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex 1 72.7 119 - 33.3 - 52.7 38 -
Capex / Sales 16.52% 21.27% - 4.97% - 5.8% 3.9% -
Announcement Date 5/30/19 5/6/20 5/10/21 7/8/22 5/26/23 - - -
1TND in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
8.52 TND
Average target price
10.8 TND
Spread / Average Target
+26.76%
Consensus

Annual profits - Rate of surprise

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