Financials Black Point S.A.

Equities

BPN

PLBLKPT00018

Specialty Chemicals

End-of-day quote Warsaw S.E. 18:00:00 2024-05-09 EDT 5-day change 1st Jan Change
0.88 PLN +7.32% Intraday chart for Black Point S.A. +13.55% -4.35%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 3.36 8.4 8.88 13.2 13.32 13.44
Enterprise Value (EV) 1 6.551 8.651 9.526 10.29 16.13 11.68
P/E ratio -0.87 x 5.06 x 5.05 x 6.26 x 7.03 x 15.2 x
Yield - - - - - 67%
Capitalization / Revenue 0.07 x 0.18 x 0.18 x 0.26 x 0.27 x 0.52 x
EV / Revenue 0.13 x 0.18 x 0.19 x 0.2 x 0.33 x 0.45 x
EV / EBITDA 20.6 x 2.53 x 2.72 x 2.43 x 4.72 x 4.35 x
EV / FCF 1.9 x 4.05 x 7.18 x 3.1 x 6.57 x 0.88 x
FCF Yield 52.7% 24.7% 13.9% 32.2% 15.2% 113%
Price to Book 0.19 x 0.44 x 0.49 x 0.65 x 0.7 x 1.32 x
Nbr of stocks (in thousands) 12,000 12,000 12,000 12,000 12,000 12,000
Reference price 2 0.2800 0.7000 0.7400 1.100 1.110 1.120
Announcement Date 19-05-10 19-05-10 20-05-05 21-05-21 22-05-11 23-05-12
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 51.19 47.95 49.31 50.64 49.3 25.78
EBITDA 1 0.3175 3.417 3.498 4.234 3.415 2.688
EBIT 1 -1.281 1.954 2.03 2.771 1.903 1.37
Operating Margin -2.5% 4.08% 4.12% 5.47% 3.86% 5.31%
Earnings before Tax (EBT) 1 -3.981 1.783 1.799 2.568 2.245 1.274
Net income 1 -3.865 1.661 1.758 2.11 1.894 0.8821
Net margin -7.55% 3.46% 3.56% 4.17% 3.84% 3.42%
EPS 2 -0.3221 0.1384 0.1465 0.1758 0.1578 0.0735
Free Cash Flow 1 3.451 2.133 1.326 3.318 2.455 13.21
FCF margin 6.74% 4.45% 2.69% 6.55% 4.98% 51.21%
FCF Conversion (EBITDA) 1,087% 62.44% 37.92% 78.37% 71.87% 491.2%
FCF Conversion (Net income) - 128.45% 75.45% 157.28% 129.61% 1,497.01%
Dividend per Share - - - - - 0.7500
Announcement Date 19-05-10 19-05-10 20-05-05 21-05-21 22-05-11 23-05-12
1PLN in Million2PLN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 3.19 0.25 0.65 - 2.81 -
Net Cash position 1 - - - 2.91 - 1.76
Leverage (Debt/EBITDA) 10.05 x 0.0734 x 0.1846 x - 0.8226 x -
Free Cash Flow 1 3.45 2.13 1.33 3.32 2.45 13.2
ROE (net income / shareholders' equity) -20% 9.11% 9.38% 11.1% 9.14% 5.96%
ROA (Net income/ Total Assets) -2.41% 3.91% 4.25% 5.56% 3.77% 3.14%
Assets 1 160.7 42.46 41.4 37.93 50.17 28.07
Book Value Per Share 2 1.450 1.590 1.510 1.680 1.590 0.8500
Cash Flow per Share 2 0 0.0900 0.1100 0.5800 0.0600 0.1900
Capex 1 0.46 0.48 0.65 0.42 0.62 0.34
Capex / Sales 0.91% 1% 1.32% 0.82% 1.26% 1.3%
Announcement Date 19-05-10 19-05-10 20-05-05 21-05-21 22-05-11 23-05-12
1PLN in Million2PLN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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