SAF-HOLLAND SE |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.62 EUR | +2.92% |
|
+0.69% | +15.92% |
| 05-27 | Warburg: Several mid-caps attractive takeover targets - and Mercedes-Benz | DP |
| 05-27 | SAF-HOLLAND : Gets a Buy rating from Warburg Research | ZD |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 335.9 | 508.4 | 558.3 | 400.2 | 690 | 799.8 | - | - |
| Enterprise Value (EV) 1 | 587.6 | 705.1 | 756.4 | 910.7 | 690 | 1,184 | 1,109 | 1,034 |
| P/E ratio | 38.9 x | 37.3 x | 15.2 x | 6.53 x | 8.64 x | 8.45 x | 7.81 x | 7.05 x |
| Yield | - | - | 2.85% | 6.81% | - | 5.33% | 6.4% | 5.91% |
| Capitalization / Revenue | 0.26 x | 0.53 x | 0.45 x | 0.26 x | 0.33 x | 0.4 x | 0.38 x | 0.36 x |
| EV / Revenue | 0.46 x | 0.73 x | 0.61 x | 0.58 x | 0.33 x | 0.59 x | 0.52 x | 0.47 x |
| EV / EBITDA | 5.21 x | 7.19 x | 5.73 x | 5.6 x | 2.61 x | 4.9 x | 4.41 x | 3.8 x |
| EV / FCF | 13.1 x | 6.21 x | 50.4 x | 7.77 x | - | 10.9 x | 11.8 x | 8.93 x |
| FCF Yield | 7.65% | 16.1% | 1.98% | 12.9% | - | 9.21% | 8.48% | 11.2% |
| Price to Book | 1.1 x | 1.71 x | 1.51 x | 0.91 x | - | 1.49 x | 1.38 x | 1.21 x |
| Nbr of stocks (in thousands) | 45,394 | 45,394 | 45,394 | 45,394 | 45,394 | 45,394 | - | - |
| Reference price 2 | 7.400 | 11.20 | 12.30 | 8.815 | 15.20 | 17.62 | 17.62 | 17.62 |
| Announcement Date | 3/19/20 | 3/25/21 | 3/17/22 | 3/30/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,284 | 959.5 | 1,247 | 1,565 | 2,106 | 2,018 | 2,125 | 2,211 |
| EBITDA 1 | 112.9 | 98.13 | 132.1 | 162.7 | 264.1 | 241.9 | 251.5 | 272.4 |
| EBIT 1 | 79.82 | 58.8 | 93.13 | 124.6 | 202.1 | 189.3 | 198.8 | 205.7 |
| Operating Margin | 6.22% | 6.13% | 7.47% | 7.96% | 9.59% | 9.38% | 9.35% | 9.3% |
| Earnings before Tax (EBT) 1 | 24.21 | 19.33 | 62.7 | 88.5 | 121.7 | 137.2 | 151.7 | 165.3 |
| Net income 1 | 8.979 | 13.8 | 36.74 | 61.08 | 79.93 | 94.61 | 102.4 | 113.5 |
| Net margin | 0.7% | 1.44% | 2.95% | 3.9% | 3.8% | 4.69% | 4.82% | 5.13% |
| EPS 2 | 0.1900 | 0.3000 | 0.8100 | 1.350 | 1.760 | 2.086 | 2.255 | 2.499 |
| Free Cash Flow 1 | 44.96 | 113.5 | 15 | 117.1 | - | 109 | 94 | 115.8 |
| FCF margin | 3.5% | 11.82% | 1.2% | 7.48% | - | 5.4% | 4.42% | 5.24% |
| FCF Conversion (EBITDA) | 39.82% | 115.63% | 11.35% | 72% | - | 45.08% | 37.37% | 42.53% |
| FCF Conversion (Net income) | 500.67% | 822.46% | 40.82% | 191.78% | - | 115.26% | 91.77% | 102.1% |
| Dividend per Share 2 | - | - | 0.3500 | 0.6000 | - | 0.9400 | 1.127 | 1.042 |
| Announcement Date | 3/19/20 | 3/25/21 | 3/17/22 | 3/30/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 321.8 | 369.7 | 403.5 | 402.4 | 389.4 | 480.4 | 555.7 | 1,036 | 552.9 | 517.2 | 505.4 | 498.9 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | 62.1 |
| EBIT 1 | - | 23.48 | - | 36.66 | - | 43.36 | 50.82 | 94.18 | 58.6 | 49.28 | 48.56 | 46.6 |
| Operating Margin | - | 6.35% | - | 9.11% | - | 9.03% | 9.15% | 9.09% | 10.6% | 9.53% | 9.61% | 9.34% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | - | - | - | - | - | - | 0.3900 | - | 0.5500 | - | 0.5800 | 0.5000 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/17/22 | 5/10/22 | 8/11/22 | 11/10/22 | 3/30/23 | 5/26/23 | 8/10/23 | 8/10/23 | 11/9/23 | 3/14/24 | 5/9/24 | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 252 | 197 | 198 | 511 | - | 384 | 309 | 234 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.229 x | 2.005 x | 1.499 x | 3.138 x | - | 1.589 x | 1.229 x | 0.8598 x |
| Free Cash Flow 1 | 45 | 113 | 15 | 117 | - | 109 | 94 | 116 |
| ROE (net income / shareholders' equity) | 2.93% | 4.58% | 18.3% | 15.1% | - | 18.5% | 19.8% | 18.4% |
| ROA (Net income/ Total Assets) | 0.92% | 1.5% | 6.33% | 4.86% | - | 5.56% | 6.54% | 7.03% |
| Assets 1 | 978.1 | 920.5 | 580.5 | 1,256 | - | 1,701 | 1,566 | 1,614 |
| Book Value Per Share 2 | 6.720 | 6.560 | 8.160 | 9.700 | - | 11.80 | 12.80 | 14.50 |
| Cash Flow per Share 2 | 1.680 | 3.040 | 0.8700 | 3.380 | - | 3.500 | 3.100 | 3.420 |
| Capex 1 | 53 | 24.5 | 24.7 | 36.3 | - | 59.6 | 68 | 70.2 |
| Capex / Sales | 4.13% | 2.55% | 1.98% | 2.32% | - | 2.96% | 3.2% | 3.18% |
| Announcement Date | 3/19/20 | 3/25/21 | 3/17/22 | 3/30/23 | 3/14/24 | - | - | - |
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
17.62
EUR
Average target price
23.7
EUR
Spread / Average Target
+34.51%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +15.92% | 867M | |
| +10.92% | 3.2B | |
| +8.76% | 2.94B | |
| -1.77% | 2.3B | |
| +25.11% | 1.77B | |
| +1.99% | 1.71B | |
| -9.42% | 1.7B | |
| -12.25% | 860M | |
| +43.93% | 697M | |
| -22.86% | 670M |
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