Financials Nicolás Correa, S.A. London S.E.

Equities

Delayed London S.E. Other stock markets 05:51:22 2020-11-12 EST			5-day change	1st Jan Change
5.1 ^EUR	-5.20%		-26.08%	-20.93%

02-28	Nicolás Correa, S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Nicolás Correa, S.A. Reports Earnings Results for the Half Year Ended June 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	57.51	59.68	72.71	57.46	79.02	80.47	-	-
Enterprise Value (EV) ¹	53.48	57.84	60.38	46.78	68.15	74.11	71.87	66.67
P/E ratio	7.15 x	10.3 x	13 x	6.35 x	7.47 x	7.61 x	7.04 x	6.02 x
Yield	3.62%	3.47%	2.83%	4.21%	3.54%	4.08%	4.38%	5.14%
Capitalization / Revenue	0.78 x	0.9 x	0.95 x	0.59 x	0.72 x	0.67 x	0.62 x	0.56 x
EV / Revenue	0.72 x	0.87 x	0.79 x	0.48 x	0.62 x	0.61 x	0.56 x	0.47 x
EV / EBITDA	5.53 x	7.12 x	6.67 x	4.29 x	4.82 x	4.85 x	4.2 x	3.35 x
EV / FCF	9.01 x	-263 x	4.52 x	-	-	-741 x	26.6 x	7.58 x
FCF Yield	11.1%	-0.38%	22.1%	-	-	-0.13%	3.76%	13.2%
Price to Book	-	-	1.22 x	0.88 x	1.07 x	1 x	-	-
Nbr of stocks (in thousands)	12,261	12,179	12,118	12,097	12,156	12,156	-	-
Reference price ²	4.690	4.900	6.000	4.750	6.500	6.620	6.620	6.620
Announcement Date	20-02-28	21-02-26	22-02-28	23-02-28	24-02-28	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	73.96	66.52	76.55	98.15	109.9	120.6	128.8	142.9
EBITDA ¹	9.667	8.127	9.047	10.9	14.13	15.28	17.1	19.9
EBIT ¹	8.169	6.496	7.275	10.16	12.14	12.95	14.2	16.7
Operating Margin	11.05%	9.77%	9.5%	10.36%	11.05%	10.73%	11.02%	11.69%
Earnings before Tax (EBT) ¹	7.975	6.468	7.042	10.31	12.79	13.49	14.8	17.3
Net income ¹	8.05	5.763	5.573	-	-	10.5	11.5	13.5
Net margin	10.88%	8.66%	7.28%	-	-	8.7%	8.93%	9.45%
EPS ²	0.6560	0.4740	0.4600	0.7480	0.8700	0.8701	0.9400	1.100
Free Cash Flow ¹	5.933	-0.22	13.37	-	-	-0.1	2.7	8.8
FCF margin	8.02%	-0.33%	17.47%	-	-	-0.08%	2.1%	6.16%
FCF Conversion (EBITDA)	61.37%	-	147.78%	-	-	-	15.79%	44.22%
FCF Conversion (Net income)	73.7%	-	239.91%	-	-	-	23.48%	65.19%
Dividend per Share ²	0.1700	0.1700	0.1700	0.2000	0.2300	0.2700	0.2900	0.3400
Announcement Date	20-02-28	21-02-26	22-02-28	23-02-28	24-02-28	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	4.03	1.83	12.3	10.7	10.9	6.36	8.6	13.8
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	5.93	-0.22	13.4	-	-	-0.1	2.7	8.8
ROE (net income / shareholders' equity)	16.1%	10.5%	9.62%	14.4%	15.1%	13.9%	13.6%	14.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	4.920	5.380	6.060	6.600	-	-
Cash Flow per Share ²	-	-	1.300	0.6500	0.6800	1.090	-	-
Capex ¹	1.7	2.73	2.39	-	-	9.5	9	4.3
Capex / Sales	2.29%	4.11%	3.13%	-	-	7.87%	6.99%	3.01%
Announcement Date	20-02-28	21-02-26	22-02-28	23-02-28	24-02-28	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.62 EUR

Average target price

10.7 EUR

Spread / Average Target

+61.63%

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