TKH GROUP N.V. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 39.56 EUR | +0.36% |
|
-1.59% | +0.15% |
| Mar. 05 | Transcript : TKH Group N.V., 2023 Earnings Call, Mar 05, 2024 | |
| Mar. 05 | TKH Group N.V. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,096 | 1,661 | 2,268 | 1,524 | 1,620 | 1,574 | - | - |
| Enterprise Value (EV) 1 | 2,397 | 2,006 | 2,549 | 1,913 | 1,620 | 2,023 | 1,958 | 1,957 |
| P/E ratio | 17 x | 51.3 x | 24.1 x | 11.2 x | 9.71 x | 13.6 x | 10.1 x | 8.35 x |
| Yield | 3.01% | 2.53% | 2.7% | 4.44% | - | 4.26% | 4.94% | 5.57% |
| Capitalization / Revenue | 1.41 x | 1.29 x | 1.49 x | 0.84 x | 0.88 x | 0.84 x | 0.79 x | 0.75 x |
| EV / Revenue | 1.61 x | 1.56 x | 1.67 x | 1.05 x | 0.88 x | 1.08 x | 0.98 x | 0.93 x |
| EV / EBITDA | 11.5 x | 11.5 x | 10.9 x | 6.76 x | 5.63 x | 6.72 x | 5.6 x | 5.1 x |
| EV / FCF | 21.7 x | 17.1 x | 20.4 x | -86.6 x | - | 15.5 x | 13.4 x | 13.9 x |
| FCF Yield | 4.61% | 5.84% | 4.89% | -1.15% | - | 6.47% | 7.48% | 7.21% |
| Price to Book | 2.97 x | 2.49 x | 3.17 x | 1.94 x | - | 1.83 x | 1.67 x | 1.5 x |
| Nbr of stocks (in thousands) | 42,007 | 41,999 | 40,864 | 41,008 | 41,001 | 39,798 | - | - |
| Reference price 2 | 49.90 | 39.54 | 55.50 | 37.16 | 39.50 | 39.56 | 39.56 | 39.56 |
| Announcement Date | 3/5/20 | 3/9/21 | 3/8/22 | 3/7/23 | 3/5/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,490 | 1,289 | 1,524 | 1,817 | 1,848 | 1,868 | 2,000 | 2,094 |
| EBITDA 1 | 208.6 | 174 | 233.2 | 282.8 | 287.5 | 301.1 | 349.9 | 383.8 |
| EBIT 1 | 122.4 | 81.9 | 136.9 | 190.2 | 174.5 | 185.6 | 240.3 | 274.4 |
| Operating Margin | 8.22% | 6.35% | 8.98% | 10.47% | 9.44% | 9.93% | 12.02% | 13.1% |
| Earnings before Tax (EBT) 1 | 89.3 | 62.9 | 128.9 | 181.2 | 202.9 | 154.7 | 221.3 | 260.4 |
| Net income 1 | 113.9 | 47.5 | 95.21 | 137.1 | 165.7 | 125.1 | 161.2 | 184.8 |
| Net margin | 7.65% | 3.68% | 6.25% | 7.55% | 8.97% | 6.7% | 8.06% | 8.83% |
| EPS 2 | 2.942 | 0.7703 | 2.300 | 3.330 | 4.070 | 2.910 | 3.910 | 4.740 |
| Free Cash Flow 1 | 110.4 | 117.2 | 124.8 | -22.08 | - | 130.8 | 146.4 | 141 |
| FCF margin | 7.41% | 9.09% | 8.19% | -1.22% | - | 7% | 7.32% | 6.73% |
| FCF Conversion (EBITDA) | 52.93% | 67.34% | 53.51% | - | - | 43.45% | 41.84% | 36.73% |
| FCF Conversion (Net income) | 96.94% | 246.67% | 131.05% | - | - | 104.52% | 90.79% | 76.29% |
| Dividend per Share 2 | 1.500 | 1.000 | 1.500 | 1.650 | - | 1.686 | 1.954 | 2.203 |
| Announcement Date | 3/5/20 | 3/9/21 | 3/8/22 | 3/7/23 | 3/5/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2021 S1 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 S2 | 2023 Q2 | 2023 S1 | 2023 Q4 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 736.4 | 679 | 725.8 | 797.9 | 436.7 | 463 | 899.7 | 451.2 | 916.9 | 475.1 | 947.6 | 441.4 | 899.9 | 944 | 947 |
| EBITDA | - | - | - | - | - | - | 139.1 | - | 143.7 | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | 57.07 | 115.6 | - | 74.59 | - | - | - | 81.2 | - | - |
| Operating Margin | - | - | - | - | - | 12.32% | 12.84% | - | 8.13% | - | - | - | 9.02% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | 94.25 | - | 87 | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | 70 | - | 67.09 | - | 98.42 | - | 67.29 | 67 | 59.9 |
| Net margin | - | - | - | - | - | - | 7.78% | - | 7.32% | - | 10.39% | - | 7.48% | 7.1% | 6.33% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/5/20 | 8/11/20 | 8/17/21 | 3/8/22 | 5/16/22 | 8/16/22 | 8/16/22 | 11/15/22 | 3/7/23 | 8/15/23 | 8/15/23 | 3/5/24 | 3/5/24 | - | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 301 | 345 | 281 | 389 | - | 448 | 384 | 382 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.441 x | 1.983 x | 1.206 x | 1.375 x | - | 1.49 x | 1.097 x | 0.9958 x |
| Free Cash Flow 1 | 110 | 117 | 125 | -22.1 | - | 131 | 146 | 141 |
| ROE (net income / shareholders' equity) | 15.6% | 6.95% | 13.8% | 18.2% | - | 13.6% | 17.5% | 20% |
| ROA (Net income/ Total Assets) | - | 2.98% | - | - | - | - | - | - |
| Assets 1 | - | 1,592 | - | - | - | - | - | - |
| Book Value Per Share 2 | 16.80 | 15.90 | 17.50 | 19.20 | - | 21.60 | 23.70 | 26.40 |
| Cash Flow per Share 2 | 4.330 | 4.500 | 4.810 | 2.820 | - | 6.520 | 6.620 | 7.330 |
| Capex 1 | 71.8 | 70.7 | 74.2 | 138 | - | 114 | 109 | 123 |
| Capex / Sales | 4.82% | 5.48% | 4.87% | 7.61% | - | 6.09% | 5.44% | 5.86% |
| Announcement Date | 3/5/20 | 3/9/21 | 3/8/22 | 3/7/23 | 3/5/24 | - | - | - |
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
39.56
EUR
Average target price
53.34
EUR
Spread / Average Target
+34.83%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +0.15% | 1.68B | |
| +4.53% | 149B | |
| +34.66% | 130B | |
| +19.57% | 130B | |
| +12.90% | 62.82B | |
| +7.65% | 41.04B | |
| +94.65% | 35B | |
| -9.78% | 32.1B | |
| +6.26% | 32.1B | |
| +3.97% | 27.31B |
- Stock Market
- Equities
- TWEKA Stock
- Financials TKH Group N.V.
