Financials FNM S.p.A.

Equities

FNM

IT0000060886

Passenger Transportation, Ground & Sea

Real-time Borsa Italiana 11:16:38 2024-05-03 EDT 5-day change 1st Jan Change
0.462 EUR +1.54% Intraday chart for FNM S.p.A. +2.67% +2.21%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 303.1 247.9 267 184.6 196.6 197.9 - -
Enterprise Value (EV) 1 303.1 288.1 1,026 184.6 196.6 981.7 1,012 1,021
P/E ratio - - 6.82 x - - 3.15 x 3.41 x 2.68 x
Yield - 3.86% 3.75% - - 6.59% 7.14% 8.79%
Capitalization / Revenue 1.01 x 0.88 x 0.52 x 0.3 x 0.32 x 0.31 x 0.3 x 0.29 x
EV / Revenue 1.01 x 1.02 x 2 x 0.3 x 0.32 x 1.53 x 1.52 x 1.51 x
EV / EBITDA - 4.22 x 6.66 x 0.96 x 0.93 x 4.47 x 4.17 x 3.87 x
EV / FCF - - 29.8 x - - -49.1 x -166 x 10.6 x
FCF Yield - - 3.36% - - -2.04% -0.6% 9.39%
Price to Book - - 1.29 x - - 0.46 x 0.41 x 0.35 x
Nbr of stocks (in thousands) 434,903 434,903 434,903 434,903 434,903 434,903 - -
Reference price 2 0.6970 0.5700 0.6140 0.4245 0.4520 0.4550 0.4550 0.4550
Announcement Date 20-03-31 21-03-18 22-03-18 23-03-16 24-03-12 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 300.6 281.3 514 605.4 618.1 640.7 665 677.9
EBITDA 1 - 68.2 153.9 193.1 211.4 219.8 242.9 263.7
EBIT 1 - - 75.9 101.1 104.7 93.3 83.86 98.88
Operating Margin - - 14.77% 16.7% 16.94% 14.56% 12.61% 14.59%
Earnings before Tax (EBT) 1 - - 54.9 97 99.1 86.99 77.64 90.06
Net income 1 30.3 24.2 40.8 68.5 80.9 63 57.78 73.64
Net margin 10.08% 8.6% 7.94% 11.31% 13.09% 9.83% 8.69% 10.86%
EPS 2 - - 0.0900 - - 0.1445 0.1335 0.1700
Free Cash Flow 1 - - 34.42 - - -20 -6.1 95.9
FCF margin - - 6.7% - - -3.12% -0.92% 14.15%
FCF Conversion (EBITDA) - - 22.36% - - - - 36.37%
FCF Conversion (Net income) - - 84.36% - - - - 130.23%
Dividend per Share 2 - 0.0220 0.0230 - - 0.0300 0.0325 0.0400
Announcement Date 20-03-31 21-03-18 22-03-18 23-03-16 24-03-12 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4
Net sales 1 226.4 140.9 146.7 136.6 153.2 158.2 143.7 157.9 301.6 154.7 161.8
EBITDA 1 65.8 58.3 29.4 44.4 55.49 37.4 - 53.4 100 61 50.1
EBIT 1 32.1 36.8 7 23.2 41.1 14 21.2 27.3 48.5 - 21.3
Operating Margin 14.18% 26.12% 4.77% 16.98% 26.83% 8.85% 14.75% 17.29% 16.08% - 13.16%
Earnings before Tax (EBT) 1 - 30.9 - - - 14.2 - 24.7 42.6 - 23.9
Net income 1 -12.6 34.9 - 3 16.96 30.1 - 23.2 33.4 - 26.6
Net margin -5.57% 24.77% - 2.2% 11.07% 19.03% - 14.69% 11.07% - 16.44%
EPS - - - - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 21-08-02 21-11-12 22-03-18 22-05-12 22-11-21 23-03-16 23-05-12 23-08-02 23-08-02 23-11-14 24-03-12
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 40.2 759 - - 784 814 823
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 0.5894 x 4.93 x - - 3.567 x 3.352 x 3.121 x
Free Cash Flow 1 - - 34.4 - - -20 -6.1 95.9
ROE (net income / shareholders' equity) - - 12.3% - - 16.3% 15.8% 14.8%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 - - 0.4800 - - 0.9900 1.100 1.300
Cash Flow per Share - - 0.3200 - - - - -
Capex 1 - - 106 - - 214 231 146
Capex / Sales - - 20.62% - - 33.4% 34.74% 21.54%
Announcement Date 20-03-31 21-03-18 22-03-18 23-03-16 24-03-12 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
0.455 EUR
Average target price
0.65 EUR
Spread / Average Target
+42.86%
Consensus

Quarterly revenue - Rate of surprise

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  4. Financials FNM S.p.A.