Projected Income Statement: Nexans

Forecast Balance Sheet: Nexans

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 74 182 214 681 266 670 441 148
Change - 145.95% 17.58% 218.22% -60.94% 151.88% -34.18% -66.44%
Announcement Date 2/16/22 2/15/23 2/15/24 2/19/25 2/19/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Nexans

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 206 298 377 378 383 374.5 283.7 272.2
Change - 44.66% 26.51% 0.27% 1.32% -2.23% -24.23% -4.05%
Free Cash Flow (FCF) 1 195 246 323 397 425 290.8 444.3 544.8
Change - 26.15% 31.3% 22.91% 7.05% -31.58% 52.8% 22.61%
Announcement Date 2/16/22 2/15/23 2/15/24 2/19/25 2/19/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Nexans

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 7.65% 8.88% 10.01% 11.36% 11.93% 11.91% 12.84% 13.89%
EBIT Margin (%) 4.94% 6.23% 6.63% 8% 7.2% 8.22% 8.71% 9.62%
EBT Margin (%) 3.91% 5.03% 4.48% 5.62% 5.18% 6.27% 7.46% 8.69%
Net margin (%) 2.71% 3.63% 3.39% 3.94% 5.77% 4.7% 5.39% 6.19%
FCF margin (%) 3.22% 3.65% 4.96% 5.61% 6.97% 4.32% 6.15% 7.21%
FCF / Net Income (%) 118.9% 100.41% 146.15% 142.29% 120.74% 91.9% 113.99% 116.47%

Profitability

        
ROA 3.03% 4.09% 3.42% 3.93% 4.48% 3.82% 4.93% 5.34%
ROE 12.32% 15.81% 13.21% 15.91% 18.49% 19.29% 17% 18.09%

Financial Health

        
Leverage (Debt/EBITDA) 0.16x 0.3x 0.33x 0.85x 0.37x 0.84x 0.48x 0.14x
Debt / Free cash flow 0.38x 0.74x 0.66x 1.72x 0.63x 2.31x 0.99x 0.27x

Capital Intensity

        
CAPEX / Current Assets (%) 3.4% 4.42% 5.79% 5.34% 6.28% 5.56% 3.93% 3.6%
CAPEX / EBITDA (%) 44.49% 49.75% 57.82% 47.01% 52.64% 46.69% 30.58% 25.94%
CAPEX / FCF (%) 105.64% 121.14% 116.72% 95.21% 90.12% 128.79% 63.86% 49.97%

Items per share

        
Cash flow per share 1 8.945 12.12 15.57 17.22 17.99 12.87 15.28 16
Change - 35.51% 28.44% 10.61% 4.48% -28.49% 18.76% 4.68%
Dividend per Share 1 1.2 2.1 2.3 2.6 2.9 3.13 3.488 3.811
Change - 75% 9.52% 13.04% 11.54% 7.92% 11.46% 9.24%
Book Value Per Share 1 33.16 38.01 38.85 41.61 44.43 49.24 55.43 63.12
Change - 14.63% 2.2% 7.12% 6.77% 10.83% 12.56% 13.89%
EPS 1 3.66 5.47 4.92 6.2 7.84 7.079 8.633 10.54
Change - 49.45% -10.05% 26.02% 26.45% -9.71% 21.95% 22.11%
Nbr of stocks (in thousands) 43,730 43,202 43,658 43,564 42,974 43,724 43,724 43,724
Announcement Date 2/16/22 2/15/23 2/15/24 2/19/25 2/19/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 18.2x 14.9x
PBR 2.61x 2.32x
EV / Sales 0.93x 0.84x
Yield 2.43% 2.71%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
128.60EUR
Average target price
168.00EUR
Spread / Average Target
+30.64%

Quarterly revenue - Rate of surprise