Financials Bekaert NV Börse Stuttgart

Equities

BK8N

BE0974258874

Iron & Steel

Real-time Estimate Cboe Europe 11:19:14 2024-07-16 EDT 5-day change 1st Jan Change
39.29 EUR -0.58% Intraday chart for Bekaert NV -0.75% -14.57%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,498 1,537 2,241 1,913 2,646 2,034 - -
Enterprise Value (EV) 1 2,490 2,156 2,675 2,416 2,912 2,229 2,150 1,982
P/E ratio 36.3 x 11.4 x 5.48 x 7.65 x 9.86 x 7.62 x 6.99 x 6.37 x
Yield 2.64% 3.68% 3.83% 4.55% 3.87% 4.89% 5.2% 5.46%
Capitalization / Revenue 0.35 x 0.41 x 0.46 x 0.34 x 0.61 x 0.48 x 0.46 x 0.44 x
EV / Revenue 0.58 x 0.57 x 0.55 x 0.43 x 0.67 x 0.52 x 0.48 x 0.43 x
EV / EBITDA 5.32 x 4.5 x 3.88 x 3.69 x 5.19 x 3.88 x 3.51 x 3.02 x
EV / FCF 5.79 x 5.39 x 10.1 x 13.9 x 12.7 x 10.4 x 9.55 x 7.24 x
FCF Yield 17.3% 18.6% 9.9% 7.17% 7.89% 9.58% 10.5% 13.8%
Price to Book 1.04 x 1.21 x 1.13 x 1.02 x 1.21 x 0.93 x 0.86 x 0.79 x
Nbr of stocks (in thousands) 56,520 56,599 57,260 52,730 56,889 51,748 - -
Reference price 2 26.50 27.16 39.14 36.28 46.52 39.30 39.30 39.30
Announcement Date 20-03-04 21-03-03 22-02-25 23-03-01 24-03-01 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,322 3,772 4,840 5,652 4,328 4,269 4,444 4,635
EBITDA 1 468 479 689 654 561.1 574 612.1 657.2
EBIT 1 242 272 514.6 458.6 388.3 389.7 422.2 460.3
Operating Margin 5.6% 7.21% 10.63% 8.11% 8.97% 9.13% 9.5% 9.93%
Earnings before Tax (EBT) 1 70.32 170 476.3 - 268.4 344.4 389.7 439.6
Net income 1 41.33 135 407 268.9 252.9 275.7 297.2 325.8
Net margin 0.96% 3.58% 8.41% 4.76% 5.84% 6.46% 6.69% 7.03%
EPS 2 0.7300 2.380 7.140 4.740 4.720 5.157 5.623 6.167
Free Cash Flow 1 429.8 400.4 264.8 173.2 229.8 213.5 225 274
FCF margin 9.94% 10.62% 5.47% 3.07% 5.31% 5% 5.06% 5.91%
FCF Conversion (EBITDA) 91.84% 83.6% 38.43% 26.49% 40.96% 37.19% 36.76% 41.69%
FCF Conversion (Net income) 1,040% 296.63% 65.05% 64.43% 90.88% 77.43% 75.69% 84.07%
Dividend per Share 2 0.7000 1.000 1.500 1.650 1.800 1.922 2.045 2.145
Announcement Date 20-03-04 21-03-03 22-02-25 23-03-01 24-03-01 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2
Net sales 1 2,104 1,770 2,002 2,306 1,253 2,534 2,859 2,793 2,318 2,010
EBITDA 230 194 285 - - 312 381 273 - -
EBIT 116 92 181 285 - 229 283 176 - -
Operating Margin 5.51% 5.2% 9.04% 12.36% - 9.04% 9.9% 6.3% - -
Earnings before Tax (EBT) -10.29 43.91 - - - - - - - -
Net income -16.67 33.35 - 208.1 - - - - - -
Net margin -0.79% 1.88% - 9.02% - - - - - -
EPS - - - - - - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 20-03-04 20-07-31 21-03-03 21-07-30 21-11-19 22-02-25 22-07-29 23-03-01 23-07-28 24-03-01
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 992 619 434 503 266 195 116 -
Net Cash position 1 - - - - - - - 51.3
Leverage (Debt/EBITDA) 2.12 x 1.293 x 0.6299 x 0.7693 x 0.4741 x 0.3404 x 0.1897 x -
Free Cash Flow 1 430 400 265 173 230 213 225 274
ROE (net income / shareholders' equity) 4.6% 10.1% 23.8% 13.2% 12.1% 12.4% 12.4% 13.3%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 25.40 22.40 34.60 35.50 38.60 42.40 45.90 49.80
Cash Flow per Share 2 9.270 7.870 6.670 6.010 8.160 7.760 8.290 8.860
Capex 1 98.9 108 120 167 210 240 241 226
Capex / Sales 2.29% 2.86% 2.48% 2.96% 4.85% 5.62% 5.43% 4.88%
Announcement Date 20-03-04 21-03-03 22-02-25 23-03-01 24-03-01 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
39.3 EUR
Average target price
53.62 EUR
Spread / Average Target
+36.45%
Consensus

Quarterly revenue - Rate of surprise