Financials Safran

Equities

SAF

FR0000073272

Aerospace & Defense

Market Closed - Euronext Paris 11:35:08 2024-07-15 EDT 5-day change 1st Jan Change
201.2 EUR -1.76% Intraday chart for Safran -2.14% +26.18%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 54,434 49,496 45,891 49,905 66,985 83,202 - -
Enterprise Value (EV) 1 58,548 52,288 47,435 49,891 66,611 81,382 80,426 78,032
P/E ratio 24.4 x 145 x 1,077 x -20.3 x 19.8 x 29.9 x 24.2 x 20.9 x
Yield 1.73% 0.37% 0.46% 1.15% 0.85% 1.46% 1.76% 2.07%
Capitalization / Revenue 2.21 x 3 x 3.01 x 2.62 x 2.89 x 3.05 x 2.65 x 2.42 x
EV / Revenue 2.38 x 3.17 x 3.11 x 2.62 x 2.87 x 2.99 x 2.56 x 2.27 x
EV / EBITDA 10.8 x 21.1 x 17.1 x 13.6 x 14.5 x 15 x 12.8 x 10.9 x
EV / FCF 23.9 x 36.9 x 28.2 x 18.7 x 22.6 x 27.1 x 23.6 x 20 x
FCF Yield 4.18% 2.71% 3.54% 5.34% 4.42% 3.69% 4.25% 5%
Price to Book 4.73 x 4.01 x 3.58 x 4.77 x 5.94 x 6.24 x 5.37 x 4.6 x
Nbr of stocks (in thousands) 395,451 426,872 426,262 426,828 420,073 413,527 - -
Reference price 2 137.6 116.0 107.7 116.9 159.5 201.2 201.2 201.2
Announcement Date 2/27/20 2/25/21 2/24/22 2/17/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 24,640 16,498 15,257 19,035 23,199 27,241 31,390 34,401
EBITDA 1 5,409 2,476 2,778 3,667 4,599 5,435 6,281 7,142
EBIT 1 3,820 1,686 1,805 2,408 3,166 4,107 4,910 5,660
Operating Margin 15.5% 10.22% 11.83% 12.65% 13.65% 15.08% 15.64% 16.45%
Earnings before Tax (EBT) 1 3,474 570 268 -3,120 4,756 3,973 4,803 5,442
Net income 1 2,447 352 43 -2,459 3,444 2,807 3,427 3,992
Net margin 9.93% 2.13% 0.28% -12.92% 14.85% 10.31% 10.92% 11.6%
EPS 2 5.630 0.8000 0.1000 -5.760 8.070 6.725 8.306 9.642
Free Cash Flow 1 2,450 1,417 1,680 2,666 2,945 3,004 3,414 3,903
FCF margin 9.94% 8.59% 11.01% 14.01% 12.69% 11.03% 10.88% 11.34%
FCF Conversion (EBITDA) 45.29% 57.23% 60.48% 72.7% 64.04% 55.27% 54.36% 54.64%
FCF Conversion (Net income) 100.12% 402.56% 3,906.98% - 85.51% 107.02% 99.62% 97.77%
Dividend per Share 2 2.380 0.4300 0.5000 1.350 1.350 2.935 3.544 4.162
Announcement Date 2/27/20 2/25/21 2/24/22 2/17/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 S2
Net sales 1 12,538 8,767 7,731 6,876 3,734 4,647 8,381 4,071 4,489 8,560 4,849 5,626 10,475 5,266 5,679 10,945 5,937 12,254 6,220 6,623 12,798 14,339
EBITDA - - - - - - - - - - - - - - - 2,149 - 2,450 - - 2,494 2,886
EBIT 1,937 947 - 659 - - 1,146 - - 1,047 - - 1,361 - - 1,397 - 1,769 - - 1,840 2,240
Operating Margin 15.45% 10.8% - 9.58% - - 13.67% - - 12.23% - - 12.99% - - 12.76% - 14.44% - - 14.37% 15.62%
Earnings before Tax (EBT) 1,459 -532 1,102 - - - -692 - - -5,030 - - 1,910 - - - - - - - - -
Net income 1,015 -340 692 674 - - -631 - - -3,762 - - 1,303 - - - - - - - - -
Net margin 8.1% -3.88% 8.95% 9.8% - - -7.53% - - -43.95% - - 12.44% - - - - - - - - -
EPS - -0.8000 - - - - - - - -8.810 - - - - - 4.290 - 3.780 - - 2.719 3.379
Dividend per Share - - - - - - 0.5000 - - - - - 1.350 - - - - - - - - -
Announcement Date 2/27/20 7/30/20 2/25/21 7/28/21 10/31/21 2/24/22 2/24/22 4/29/22 7/28/22 7/28/22 10/28/22 2/17/23 2/17/23 4/26/23 7/27/23 7/27/23 10/27/23 2/15/24 4/26/24 - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,114 2,792 1,544 - - - - -
Net Cash position 1 - - - 14 374 1,820 2,776 5,169
Leverage (Debt/EBITDA) 0.7606 x 1.128 x 0.5558 x - - - - -
Free Cash Flow 1 2,450 1,417 1,680 2,666 2,945 3,004 3,414 3,903
ROE (net income / shareholders' equity) 21.9% 6.83% 6.03% 10.1% 18.4% 23.6% 24.6% 24.9%
ROA (Net income/ Total Assets) 6.39% 2.05% 1.87% 2.66% 4.17% 5.67% 6.36% 6.87%
Assets 1 38,302 17,171 2,298 -92,415 82,610 49,503 53,879 58,142
Book Value Per Share 2 29.10 28.90 30.10 24.50 26.80 32.20 37.50 43.70
Cash Flow per Share 2 7.230 4.240 5.540 8.050 9.900 10.30 11.70 12.80
Capex 1 1,162 449 387 498 823 1,347 1,503 1,604
Capex / Sales 4.72% 2.72% 2.54% 2.62% 3.55% 4.94% 4.79% 4.66%
Announcement Date 2/27/20 2/25/21 2/24/22 2/17/23 2/15/24 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
201.2 EUR
Average target price
217.6 EUR
Spread / Average Target
+8.14%
Consensus