Financials C&C Group plc

Equities

CCR

IE00B010DT83

Distillers & Wineries

Market Closed - London S.E. Other stock markets 11:35:05 2024-04-26 EDT			5-day change	1st Jan Change
165.8 ^GBX	+0.61%		+3.11%	+8.65%

03-04	C&C Group plc commences an Equity Buyback Plan for 39,298,221 shares, representing 10% of its issued share capital, under the authorization approved on July 13, 2023.	CI
02-21	C&C to launch EUR15 million share buyback programme in March	AN

Valuation

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,176	920	986.7	663.1	752.6	-	-
Enterprise Value (EV) ¹	1,409	1,362	1,258	815.8	917.8	915	908.5
P/E ratio	131 x	-8.79 x	25.5 x	12.8 x	23.6 x	15.8 x	13.1 x
Yield	1.44%	-	-	2.24%	2.66%	3.24%	3.7%
Capitalization / Revenue	0.68 x	1.25 x	0.69 x	0.39 x	0.44 x	0.42 x	0.41 x
EV / Revenue	0.82 x	1.85 x	0.87 x	0.48 x	0.54 x	0.51 x	0.5 x
EV / EBITDA	9.17 x	-47.3 x	15.8 x	7 x	10.1 x	7.98 x	7.37 x
EV / FCF	9.68 x	-13.1 x	69.1 x	10.7 x	52.8 x	18.5 x	17.7 x
FCF Yield	10.3%	-7.61%	1.45%	9.3%	1.89%	5.4%	5.66%
Price to Book	2.15 x	2.06 x	1.36 x	0.9 x	1.07 x	1.05 x	1.01 x
Nbr of stocks (in thousands)	308,419	309,670	391,134	391,507	389,059	-	-
Reference price ²	3.812	2.971	2.523	1.694	1.934	1.934	1.934
Announcement Date	20-06-03	21-05-26	22-05-17	23-05-24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,575	1,719	736.9	1,438	1,689	1,697	1,780	1,820
EBITDA ¹	120	153.6	-28.8	79.7	116.6	91.26	114.6	123.3
EBIT ¹	104.5	120.8	-59.6	47.9	84.1	59.64	82.44	91.52
Operating Margin	6.64%	7.03%	-8.09%	3.33%	4.98%	3.51%	4.63%	5.03%
Earnings before Tax (EBT) ¹	81.8	11.6	-121.3	45.7	65.9	41	62	73
Net income ¹	72.3	9.1	-104.5	37.1	51.9	29.3	47.4	55.85
Net margin	4.59%	0.53%	-14.18%	2.58%	3.07%	1.73%	2.66%	3.07%
EPS ²	-	0.0290	-0.3380	0.0990	0.1320	0.0820	0.1225	0.1480
Free Cash Flow ¹	91	145.6	-103.6	18.2	75.9	17.37	49.37	51.4
FCF margin	5.78%	8.47%	-14.06%	1.27%	4.49%	1.02%	2.77%	2.82%
FCF Conversion (EBITDA)	75.83%	94.79%	-	22.84%	65.09%	19.03%	43.07%	41.7%
FCF Conversion (Net income)	125.86%	1,600%	-	49.06%	146.24%	59.27%	104.15%	92.03%
Dividend per Share ²	-	0.0550	-	-	0.0379	0.0514	0.0626	0.0716
Announcement Date	19-05-22	20-06-03	21-05-26	22-05-17	23-05-24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February	2020 S1	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2024 S1	2024 S2
Net sales ¹	874.9	386.7	350.2	657.3	780.8	903	-	826
EBITDA	71.5	-	-	-	-	70.9	-	-
EBIT ¹	64.9	-	-47.9	-	31.9	54.9	-	30.3
Operating Margin	7.42%	-	-13.68%	-	4.09%	6.08%	-	3.67%
Earnings before Tax (EBT)	53.6	-	-	-	-	47.1	-	-
Net income	47.8	-	-	-	-	37.4	12.7	-
Net margin	5.46%	-	-	-	-	4.14%	-	-
EPS	0.1540	-0.1040	-	-	-	0.0950	0.0320	-
Dividend per Share	0.0550	-	-	-	-	-	-	-
Announcement Date	19-10-24	20-10-21	21-05-26	21-10-28	22-05-17	22-10-27	23-10-26	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: February	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	302	234	442	271	153	165	162	156
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.513 x	1.521 x	-15.34 x	3.404 x	1.31 x	1.81 x	1.417 x	1.265 x
Free Cash Flow ¹	91	146	-104	18.2	75.9	17.4	49.4	51.4
ROE (net income / shareholders' equity)	14.4%	15.9%	-20.9%	4.92%	3.59%	4.2%	6.2%	7.2%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	1.770	1.440	1.860	1.880	1.800	1.840	1.910
Cash Flow per Share ²	-	0.5300	-0.3100	0	0.2200	0.1400	0.2700	0.2700
Capex ¹	19	15.3	8.4	14.9	10.1	17.9	18.3	18.8
Capex / Sales	1.21%	0.89%	1.14%	1.04%	0.6%	1.05%	1.03%	1.03%
Announcement Date	19-05-22	20-06-03	21-05-26	22-05-17	23-05-24	-	-	-

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

Ratings for C&C Group plc

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.934 EUR

Average target price

2.384 EUR

Spread / Average Target

+23.24%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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