Financials Convergenze S.p.A. Società Benefit

Equities

CVG

IT0005426215

Multiline Utilities

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-05-08 EDT			5-day change	1st Jan Change
1.75 ^EUR	+6.06%		+15.13%	+26.81%

04-30	Convergenze S.p.A. Società Benefit Reports Earnings Results for the Full Year Ended December 31, 2023	CI
04-19	Convergenze, first quarter up; investee set up in Albania	AN

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	21.58	18.78	10.34	13.12	-	-
Enterprise Value (EV) ¹	21.58	24.88	15.94	18.11	17.34	16.06
P/E ratio	-	-	-	12.5 x	9.72 x	6.73 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	1.14 x	0.66 x	0.45 x	0.51 x	0.46 x	0.42 x
EV / Revenue	1.14 x	0.88 x	0.7 x	0.71 x	0.61 x	0.51 x
EV / EBITDA	-	17.2 x	5.01 x	4.56 x	3.67 x	2.78 x
EV / FCF	-	-6.93 x	-	19.3 x	15.4 x	10.5 x
FCF Yield	-	-14.4%	-	5.19%	6.49%	9.5%
Price to Book	-	-	-	-	-	-
Nbr of stocks (in thousands)	7,007	7,140	7,495	7,495	-	-
Reference price ²	3.080	2.630	1.380	1.750	1.750	1.750
Announcement Date	22-04-05	23-04-11	24-03-27	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	18.87	28.36	22.82	25.55	28.3	31.48
EBITDA ¹	-	1.448	3.185	3.975	4.725	5.775
EBIT ¹	-	-0.4426	1.185	1.8	2.4	3.3
Operating Margin	-	-1.56%	5.19%	7.05%	8.48%	10.48%
Earnings before Tax (EBT) ¹	-	-0.7992	0.654	1.4	2	2.95
Net income ¹	0.24	-0.7992	-0.5119	0.95	1.375	2.075
Net margin	1.27%	-2.82%	-2.24%	3.72%	4.86%	6.59%
EPS ²	-	-	-	0.1400	0.1800	0.2600
Free Cash Flow ¹	-	-3.588	-	0.94	1.125	1.525
FCF margin	-	-12.65%	-	3.68%	3.98%	4.85%
FCF Conversion (EBITDA)	-	-	-	23.65%	23.81%	26.41%
FCF Conversion (Net income)	-	-	-	98.95%	81.82%	73.49%
Dividend per Share	-	-	-	-	-	-
Announcement Date	22-04-05	23-04-11	24-03-27	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	-0.4298
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	22-09-29

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	6.1	5.6	5	4.22	2.95
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	4.213 x	1.758 x	1.257 x	0.8931 x	0.51 x
Free Cash Flow ¹	-	-3.59	-	0.94	1.13	1.53
ROE (net income / shareholders' equity)	-	-14.5%	9.47%	17%	18%	22%
ROA (Net income/ Total Assets)	-	-2.93%	-	9%	10%	12%
Assets ¹	-	27.32	-	10.56	13.75	17.29
Book Value Per Share	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	3	-	3.19	3.28	3.38
Capex / Sales	-	10.57%	-	12.47%	11.57%	10.72%
Announcement Date	22-04-05	23-04-11	24-03-27	-	-	-

¹EUR in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Convergenze S.p.A. Società Benefit

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.75 EUR

Average target price

3.875 EUR

Spread / Average Target

+121.43%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Multiline Utilities

	1st Jan change	Capi.
CONVERGENZE S.P.A. SOCIETÀ BENEFIT	+26.81%	13.33M
ABU DHABI NATIONAL ENERGY COMPANY	-16.00%	89.99B
ACWA POWER COMPANY	+71.08%	78.13B
NATIONAL GRID PLC	+4.11%	51.13B
SEMPRA	+0.67%	46.81B
ENGIE	-1.72%	40.34B
EON SE	+6.75%	36.32B
PUBLIC SERVICE ENTERPRISE GROUP, INC.	+18.66%	35.85B
RWE AG	-19.84%	26.55B
VEOLIA ENVIRONNEMENT	+2.70%	23.12B

Other Multiline Utilities