Financials Vrancart S.A.

Equities

VNC

ROVRJUACNOR7

Paper Packaging

End-of-day quote Bucharest S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.1575 RON 0.00% Intraday chart for Vrancart S.A. -1.25% -5.69%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 196 177.4 159.9 163 206.3 157.8
Enterprise Value (EV) 1 307.8 318.9 329.6 320.8 396 411.1
P/E ratio 7.71 x 10.6 x 6.89 x 11.1 x 33.1 x 7.81 x
Yield 5.79% 5.52% 7.48% 6.14% 2.1% 6.54%
Capitalization / Revenue 0.6 x 0.5 x 0.44 x 0.47 x 0.45 x 0.26 x
EV / Revenue 0.95 x 0.9 x 0.91 x 0.92 x 0.87 x 0.67 x
EV / EBITDA 6.1 x 5.95 x 5.75 x 5.62 x 8.97 x 6.13 x
EV / FCF -15.3 x -16.6 x -34.5 x 21 x -13.7 x -6.75 x
FCF Yield -6.53% -6.03% -2.89% 4.76% -7.31% -14.8%
Price to Book 1 x 0.88 x 0.71 x 0.72 x 0.86 x 0.58 x
Nbr of stocks (in thousands) 1,031,684 1,031,684 1,031,684 1,031,684 1,031,684 1,031,684
Reference price 2 0.1900 0.1720 0.1550 0.1580 0.2000 0.1530
Announcement Date 4/27/18 4/25/19 4/28/20 4/27/21 4/27/22 4/27/23
1RON in Million2RON
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 325.1 355.4 362 349.7 453.9 614.2
EBITDA 1 50.46 53.58 57.3 57.12 44.15 67.08
EBIT 1 26.8 27.9 30.6 22.29 9.015 36.25
Operating Margin 8.24% 7.85% 8.45% 6.38% 1.99% 5.9%
Earnings before Tax (EBT) 1 28.06 17.78 24.44 18.64 7.767 25.68
Net income 1 25.44 16.82 23.21 16.61 6.346 22.95
Net margin 7.83% 4.73% 6.41% 4.75% 1.4% 3.74%
EPS 2 0.0247 0.0163 0.0225 0.0142 0.006048 0.0196
Free Cash Flow 1 -20.09 -19.24 -9.542 15.28 -28.94 -60.95
FCF margin -6.18% -5.41% -2.64% 4.37% -6.38% -9.92%
FCF Conversion (EBITDA) - - - 26.75% - -
FCF Conversion (Net income) - - - 91.96% - -
Dividend per Share 2 0.0110 0.009500 0.0116 0.009700 0.004200 0.0100
Announcement Date 4/27/18 4/25/19 4/28/20 4/27/21 4/27/22 4/27/23
1RON in Million2RON
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 112 141 170 158 190 253
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.216 x 2.64 x 2.962 x 2.762 x 4.295 x 3.776 x
Free Cash Flow 1 -20.1 -19.2 -9.54 15.3 -28.9 -60.9
ROE (net income / shareholders' equity) 14% 8.42% 10.9% 7.37% 2.71% 8.26%
ROA (Net income/ Total Assets) 4.87% 4.26% 4.28% 2.99% 1.13% 3.7%
Assets 1 521.9 394.7 542.4 556.2 562.2 619.7
Book Value Per Share 2 0.1900 0.2000 0.2200 0.2200 0.2300 0.2600
Cash Flow per Share 2 0 0 0 0.0100 0 0
Capex 1 54 47.6 34.6 39.3 47.4 87.9
Capex / Sales 16.62% 13.4% 9.55% 11.25% 10.44% 14.32%
Announcement Date 4/27/18 4/25/19 4/28/20 4/27/21 4/27/22 4/27/23
1RON in Million2RON
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. VNC Stock
  4. Financials Vrancart S.A.