Projected Income Statement: Nexans

Forecast Balance Sheet: Nexans

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 74 182 214 681 266 677 398 52.1
Change - 145.95% 17.58% 218.22% -60.94% 154.51% -41.21% -86.91%
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 1 206 298 377 378 383 384.3 295.8 281.1
Change - 44.66% 26.51% 0.27% 1.32% 0.34% -23.04% -4.97%
Free Cash Flow (FCF) 1 195 246 323 397 425 316.1 440.9 544.6
Change - 26.15% 31.3% 22.91% 7.05% -25.63% 39.5% 23.51%
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% 12.04% 12.95% 14.01%
EBIT Margin (%) 4.94% 6.23% 6.63% 8% 7.2% 8% 8.88% 9.91%
EBT Margin (%) 3.91% 5.03% 4.48% 5.62% 5.18% 6.49% 7.5% 8.75%
Net margin (%) 2.71% 3.63% 3.39% 3.94% 5.77% 4.59% 5.35% 6.2%
FCF margin (%) 3.22% 3.65% 4.96% 5.61% 6.97% 4.7% 6.08% 7.19%
FCF / Net Income (%) 118.9% 100.41% 146.15% 142.29% 120.74% 102.38% 113.66% 116.03%

Profitability

        
ROA 3.03% 4.09% 3.42% 3.93% 4.48% 3.35% 4.27% 5.04%
ROE 12.32% 15.81% 13.21% 15.91% 18.49% 15.86% 16.88% 18.28%

Financial Health

        
Leverage (Debt/EBITDA) 0.16x 0.3x 0.33x 0.85x 0.37x 0.84x 0.42x 0.05x
Debt / Free cash flow 0.38x 0.74x 0.66x 1.72x 0.63x 2.14x 0.9x 0.1x

Capital Intensity

        
CAPEX / Current Assets (%) 3.4% 4.42% 5.79% 5.34% 6.28% 5.71% 4.08% 3.71%
CAPEX / EBITDA (%) 44.49% 49.75% 57.82% 47.01% 52.64% 47.45% 31.51% 26.48%
CAPEX / FCF (%) 105.64% 121.14% 116.72% 95.21% 90.12% 121.59% 67.08% 51.62%

Items per share

        
Cash flow per share 1 8.945 12.12 15.57 17.22 17.99 12.61 15.71 16.51
Change - 35.51% 28.44% 10.61% 4.48% -29.93% 24.59% 5.11%
Dividend per Share 1 1.2 2.1 2.3 2.6 2.9 3.127 3.493 3.806
Change - 75% 9.52% 13.04% 11.54% 7.82% 11.71% 8.96%
Book Value Per Share 1 33.16 38.01 38.85 41.61 44.43 50.14 55.92 63.59
Change - 14.63% 2.2% 7.12% 6.77% 12.85% 11.53% 13.71%
EPS 1 3.66 5.47 4.92 6.2 7.84 7.183 8.739 10.73
Change - 49.45% -10.05% 26.02% 26.45% -8.38% 21.66% 22.73%
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 19.3x 15.9x
PBR 2.77x 2.48x
EV / Sales 1x 0.89x
Yield 2.25% 2.52%

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
144.70EUR
Average target price
169.80EUR
Spread / Average Target
+17.35%

Quarterly revenue - Rate of surprise