Financials AKWEL

Equities

AKW

FR0000053027

Auto, Truck & Motorcycle Parts

Market Closed - Euronext Paris Other stock markets 11:35:16 2024-04-26 EDT			5-day change	1st Jan Change
13.24 ^EUR	-2.50%		-3.22%	-18.07%

04-05	Akwel: 41% increase in annual net income	CF
04-04	Akwel SA Proposes Dividend for 2023	CI

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	430.4	540.1	612.3	581.5	465.2	354	354	-
Enterprise Value (EV) ¹	471.4	574.8	551.7	483.3	351.5	313.7	225.8	203.2
P/E ratio	7.03 x	8.63 x	7.16 x	11.4 x	42.4 x	12.1 x	8.49 x	7.93 x
Yield	1.86%	0.97%	1.97%	2.07%	1.72%	3.17%	3.27%	3.52%
Capitalization / Revenue	0.41 x	0.49 x	0.65 x	0.63 x	0.47 x	0.41 x	0.33 x	0.33 x
EV / Revenue	0.44 x	0.52 x	0.59 x	0.52 x	0.35 x	0.29 x	0.21 x	0.19 x
EV / EBITDA	3.78 x	4.41 x	3.15 x	4.13 x	4.32 x	3.08 x	2.17 x	1.83 x
EV / FCF	-75.9 x	20.5 x	4.3 x	8.51 x	41.2 x	-24.5 x	11.6 x	7.33 x
FCF Yield	-1.32%	4.89%	23.2%	11.8%	2.43%	-4.08%	8.64%	13.7%
Price to Book	0.95 x	1.07 x	1.13 x	1.02 x	0.78 x	0.56 x	0.54 x	0.51 x
Nbr of stocks (in thousands)	26,735	26,736	26,737	26,735	26,735	26,735	26,735	-
Reference price ²	16.10	20.20	22.90	21.75	17.40	13.24	13.24	13.24
Announcement Date	19-02-14	20-04-08	21-04-08	22-04-07	23-04-05	24-02-08	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	1,062	1,101	937.2	922.4	990.5	1,066	1,066	1,089
EBITDA ¹	124.6	130.3	175.3	117.1	81.3	101.9	104.1	110.8
EBIT ¹	77.4	92.2	113.7	75.2	38.6	61.04	52.95	55.25
Operating Margin	7.29%	8.37%	12.13%	8.15%	3.9%	5.72%	4.97%	5.08%
Earnings before Tax (EBT) ¹	70.9	-	105.1	68.15	26.3	49.4	63.2	69.6
Net income ¹	61.1	62.7	85.5	51.2	11.1	35.7	40.77	43.73
Net margin	5.75%	5.69%	9.12%	5.55%	1.12%	3.35%	3.82%	4.02%
EPS ²	2.290	2.340	3.200	1.900	0.4100	1.340	1.560	1.670
Free Cash Flow ¹	-6.209	28.1	128.2	56.81	8.527	-10.1	19.5	27.73
FCF margin	-0.58%	2.55%	13.68%	6.16%	0.86%	-0.97%	1.83%	2.55%
FCF Conversion (EBITDA)	-	21.57%	73.13%	48.52%	10.49%	-	18.73%	25.02%
FCF Conversion (Net income)	-	44.82%	149.94%	110.96%	76.82%	-	47.83%	63.41%
Dividend per Share ²	0.3000	0.1950	0.4500	0.4500	0.3000	0.4200	0.4333	0.4667
Announcement Date	19-02-14	20-04-08	21-04-08	22-04-07	23-04-05	24-02-08	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S1	2020 S1	2021 Q2	2021 S1	2022 Q1	2022 Q2	2022 S1	2022 Q3	2023 Q1
Net sales ¹	566.5	387	214.3	487.6	245.8	242.3	488.1	251.1	274.6
EBITDA	-	-	-	-	-	-	-	-	-
EBIT	46.9	-	-	-	-	-	-	-	-
Operating Margin	8.28%	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-
Net income	35.5	-	-	-	-	-	-	-	-
Net margin	6.27%	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-
Announcement Date	19-09-26	20-07-30	21-07-29	21-07-29	22-05-05	22-07-28	22-07-28	22-11-10	23-05-04

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	41	34.7	-	-	-	-	-	-
Net Cash position ¹	-	-	60.6	98.2	114	118	128	151
Leverage (Debt/EBITDA)	0.3291 x	0.2663 x	-	-	-	-	-	-
Free Cash Flow ¹	-6.21	28.1	128	56.8	8.53	-10.1	19.5	27.7
ROE (net income / shareholders' equity)	14.2%	13%	16.4%	9.22%	1.9%	6.8%	6.33%	6.4%
ROA (Net income/ Total Assets)	-	-	-	-	1.31%	4.4%	3.2%	3.1%
Assets ¹	-	-	-	-	849.5	904	1,274	1,411
Book Value Per Share ²	17.00	18.90	20.20	21.30	22.30	23.60	24.60	26.00
Cash Flow per Share ²	4.230	4.010	5.780	3.460	1.750	3.380	3.350	3.640
Capex ¹	79.6	49.1	33.1	28.9	40.4	66.1	63.2	61.1
Capex / Sales	7.49%	4.46%	3.53%	3.13%	4.07%	6.33%	5.93%	5.61%
Announcement Date	19-02-14	20-04-08	21-04-08	22-04-07	23-04-05	24-02-08	-	-

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

Ratings for AKWEL

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

13.24 EUR

Average target price

18.4 EUR

Spread / Average Target

+38.97%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Engine & Powertrain Systems

	1st Jan change	Capi.
AKWEL	-18.07%	378M
CUMMINS INC.	+21.53%	39.82B
CUMMINS INDIA LIMITED	+64.98%	10.77B
MODINE MANUFACTURING COMPANY	+62.04%	5.05B
VITESCO TECHNOLOGIES GROUP AG	-14.64%	2.85B
DORMAN PRODUCTS, INC.	+6.98%	2.77B
ATMUS FILTRATION TECHNOLOGIES INC.	+33.25%	2.61B
GARRETT MOTION INC.	+1.65%	2.22B
WUXI BEST PRECISION MACHINERY CO., LTD.	-6.47%	1.33B
YAPP AUTOMOTIVE SYSTEMS CO., LTD.	-9.26%	1.11B

Engine & Powertrain Systems