SONAE - SGPS, SA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.937 EUR | -0.11% |
|
+3.77% | +3.59% |
| Apr. 17 | Sonae Unit Closes Purchase of Majority Stake in BCF Life Sciences-owner Diorren | MT |
| Mar. 19 | Sonae Issues EUR150 Million Bonds | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,709 | 1,242 | 1,883 | 1,790 | 1,737 | 1,808 | - | - |
| Enterprise Value (EV) 1 | 2,859 | 2,345 | 3,647 | 3,566 | 1,737 | 3,567 | 3,783 | 3,571 |
| P/E ratio | 11 x | 19.1 x | 7.19 x | 5.3 x | 4.92 x | 6.96 x | 8.78 x | 9.37 x |
| Yield | 5.09% | 7.35% | 5.09% | 5.74% | - | 6.28% | 6.47% | - |
| Capitalization / Revenue | 0.27 x | 0.18 x | 0.35 x | 0.23 x | 0.21 x | 0.2 x | 0.2 x | 0.2 x |
| EV / Revenue | 0.44 x | 0.34 x | 0.68 x | 0.46 x | 0.21 x | 0.4 x | 0.41 x | 0.4 x |
| EV / EBITDA | 4.77 x | 3.95 x | 6.79 x | 5.62 x | 2.41 x | 4.05 x | 5.01 x | 4.73 x |
| EV / FCF | 31.4 x | 8.06 x | 9.55 x | 11.1 x | - | 9.85 x | 10.5 x | 9.98 x |
| FCF Yield | 3.18% | 12.4% | 10.5% | 8.99% | - | 10.1% | 9.49% | 10% |
| Price to Book | 0.87 x | 0.63 x | 0.75 x | 0.65 x | - | 0.59 x | - | - |
| Nbr of stocks (in thousands) | 1,877,663 | 1,877,663 | 1,877,663 | 1,914,854 | 1,920,265 | 1,929,727 | - | - |
| Reference price 2 | 0.9100 | 0.6615 | 1.003 | 0.9350 | 0.9045 | 0.9370 | 0.9370 | 0.9370 |
| Announcement Date | 3/18/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,435 | 6,827 | 5,362 | 7,726 | 8,399 | 8,856 | 9,147 | 8,901 |
| EBITDA 1 | 599 | 593 | 537 | 635 | 722 | 879.7 | 755 | 755 |
| EBIT 1 | 345 | 210 | 279 | 559 | 573 | 498.9 | 441.7 | 390 |
| Operating Margin | 5.36% | 3.08% | 5.2% | 7.24% | 6.82% | 5.63% | 4.83% | 4.38% |
| Earnings before Tax (EBT) 1 | 235 | 110 | 241 | 464 | 449 | 372.8 | 343 | - |
| Net income 1 | 165 | 71 | 218 | 342 | 357 | 272.8 | 210.3 | 194 |
| Net margin | 2.56% | 1.04% | 4.07% | 4.43% | 4.25% | 3.08% | 2.3% | 2.18% |
| EPS 2 | 0.0830 | 0.0347 | 0.1395 | 0.1766 | 0.1838 | 0.1346 | 0.1067 | 0.1000 |
| Free Cash Flow 1 | 91 | 290.8 | 381.8 | 320.6 | - | 362 | 359 | 358 |
| FCF margin | 1.41% | 4.26% | 7.12% | 4.15% | - | 4.09% | 3.92% | 4.02% |
| FCF Conversion (EBITDA) | 15.19% | 49.05% | 71.11% | 50.49% | - | 41.15% | 47.55% | 47.42% |
| FCF Conversion (Net income) | 55.15% | 409.64% | 175.16% | 93.75% | - | 132.7% | 170.68% | 184.54% |
| Dividend per Share 2 | 0.0463 | 0.0486 | 0.0511 | 0.0537 | - | 0.0588 | 0.0607 | - |
| Announcement Date | 3/18/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | 1,690 | 1,771 | 3,447 | 1,599 | - | 1,873 | 1,958 | 3,831 | 2,205 | 2,363 |
| EBITDA 1 | 239 | 152 | 121 | 139 | 259 | 158 | 195 | 161 | 163 | 301 | 205 | 216 |
| EBIT 1 | 156 | 99 | 59 | 85 | 147 | 90 | - | 67 | 87 | - | 134 | 288 |
| Operating Margin | - | - | 3.49% | 4.8% | 4.26% | 5.63% | - | 3.58% | 4.44% | - | 6.08% | 12.19% |
| Earnings before Tax (EBT) 1 | 130 | 80 | 39 | 64 | 104 | 72 | 252 | 38 | 56 | - | 101 | 257 |
| Net income 1 | 96 | 67 | 42 | 76 | 118 | 61 | 132 | 26 | 43 | 69 | 69 | 222 |
| Net margin | - | - | 2.49% | 4.29% | 3.42% | 3.81% | - | 1.39% | 2.2% | 1.8% | 3.13% | 9.39% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/21 | 3/17/22 | 5/18/22 | 7/27/22 | 7/27/22 | 11/9/22 | 3/16/23 | 5/17/23 | 7/27/23 | 7/27/23 | 11/15/23 | 3/13/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,150 | 1,103 | 1,764 | 1,776 | - | 1,759 | 1,975 | 1,763 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.92 x | 1.86 x | 3.284 x | 2.797 x | - | 1.999 x | 2.616 x | 2.335 x |
| Free Cash Flow 1 | 91 | 291 | 382 | 321 | - | 362 | 359 | 358 |
| ROE (net income / shareholders' equity) | 7.86% | 3.44% | 11.8% | 10.6% | - | 8.67% | 8.5% | 5.9% |
| ROA (Net income/ Total Assets) | - | 0.76% | 3.26% | 4.03% | - | - | - | - |
| Assets 1 | - | 9,390 | 6,697 | 8,486 | - | - | - | - |
| Book Value Per Share 2 | 1.050 | 1.040 | 1.330 | 1.450 | - | 1.580 | - | - |
| Cash Flow per Share 2 | 0.3000 | 0.2700 | 0.3200 | 0.3200 | - | 0.3000 | - | - |
| Capex 1 | 399 | 502 | 457 | 303 | - | 502 | 358 | 326 |
| Capex / Sales | 6.2% | 7.35% | 8.51% | 3.92% | - | 5.67% | 3.91% | 3.66% |
| Announcement Date | 3/18/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/13/24 | - | - | - |
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
0.937
EUR
Average target price
1.38
EUR
Spread / Average Target
+47.28%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +3.59% | 1.93B | |
| -7.21% | 38.45B | |
| +11.52% | 35.53B | |
| +9.36% | 33.86B | |
| +9.52% | 20.2B | |
| +1.92% | 14.29B | |
| -17.40% | 12.77B | |
| -.--% | 11.82B | |
| +16.48% | 11.85B | |
| -3.89% | 11.75B |
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- Financials Sonae - SGPS, SA
