SOLVAY SA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 30.18 EUR | +1.45% |
|
-1.85% | +8.84% |
| 04-23 | SOLVAY : Stifel slightly raises its price target | CF |
| 04-18 | Belgium’s Solvay Opens Blowing Agent Production Facility in Italy | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,656 | 10,018 | 10,543 | 9,790 | 2,936 | 3,169 | - | - |
| Enterprise Value (EV) 1 | 14,242 | 12,416 | 12,692 | 11,581 | 4,425 | 4,773 | 4,796 | 4,547 |
| P/E ratio | 89.8 x | -10.4 x | 11.2 x | 5.16 x | 1.4 x | 9.06 x | 7.51 x | 6.52 x |
| Yield | 3.63% | 3.87% | 3.77% | 4.29% | 8.76% | 8.09% | 8.23% | 8.3% |
| Capitalization / Revenue | 1.04 x | 1.12 x | 1.04 x | 0.73 x | 0.6 x | 0.7 x | 0.68 x | 0.65 x |
| EV / Revenue | 1.39 x | 1.38 x | 1.26 x | 0.86 x | 0.91 x | 1.05 x | 1.03 x | 0.94 x |
| EV / EBITDA | 6.13 x | 6.38 x | 5.39 x | 3.59 x | 3.55 x | 5.03 x | 4.62 x | 4.05 x |
| EV / FCF | 14.9 x | 17.6 x | 14.7 x | 10.6 x | 7.89 x | 14.4 x | 11.5 x | 10.5 x |
| FCF Yield | 6.73% | 5.69% | 6.79% | 9.47% | 12.7% | 6.95% | 8.67% | 9.53% |
| Price to Book | 1.12 x | 1.39 x | 1.2 x | 0.92 x | - | 2.34 x | 1.57 x | 1.81 x |
| Nbr of stocks (in thousands) | 103,154 | 103,411 | 103,158 | 103,640 | 105,876 | 105,008 | - | - |
| Reference price 2 | 103.3 | 96.88 | 102.2 | 94.46 | 27.73 | 30.18 | 30.18 | 30.18 |
| Announcement Date | 20-02-26 | 21-02-24 | 22-02-23 | 23-02-23 | 24-03-13 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,244 | 8,965 | 10,105 | 13,426 | 4,880 | 4,536 | 4,658 | 4,861 |
| EBITDA 1 | 2,322 | 1,945 | 2,356 | 3,229 | 1,246 | 948.8 | 1,038 | 1,124 |
| EBIT 1 | 1,503 | 1,110 | 1,600 | 2,426 | 926 | 635.2 | 686.9 | 772.5 |
| Operating Margin | 14.67% | 12.38% | 15.83% | 18.07% | 18.98% | 14% | 14.75% | 15.89% |
| Earnings before Tax (EBT) 1 | 74 | -844 | 1,094 | 2,151 | 180 | 515.9 | 606.2 | 715.9 |
| Net income 1 | 118 | -962 | 948 | 1,905 | 2,093 | 342.6 | 416.1 | 482.7 |
| Net margin | 1.15% | -10.73% | 9.38% | 14.19% | 42.89% | 7.55% | 8.93% | 9.93% |
| EPS 2 | 1.150 | -9.320 | 9.130 | 18.30 | 19.85 | 3.330 | 4.019 | 4.627 |
| Free Cash Flow 1 | 958 | 707 | 862 | 1,097 | 561 | 331.6 | 415.8 | 433.4 |
| FCF margin | 9.35% | 7.89% | 8.53% | 8.17% | 11.5% | 7.31% | 8.93% | 8.92% |
| FCF Conversion (EBITDA) | 41.26% | 36.35% | 36.59% | 33.97% | 45.02% | 34.95% | 40.05% | 38.56% |
| FCF Conversion (Net income) | 811.86% | - | 90.93% | 57.59% | 26.8% | 96.81% | 99.92% | 89.79% |
| Dividend per Share 2 | 3.750 | 3.750 | 3.850 | 4.050 | 2.430 | 2.441 | 2.483 | 2.504 |
| Announcement Date | 20-02-26 | 21-02-24 | 22-02-23 | 23-02-23 | 24-03-13 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,573 | 2,703 | 3,055 | 3,477 | 3,609 | 3,286 | 3,167 | 3,087 | 2,747 | 1,131 | 1,137 |
| EBITDA 1 | 599 | 572 | 712 | 864 | 917 | 736 | 839 | 790 | 702 | 238 | 240 |
| EBIT 1 | 421 | - | 526 | 674 | 709 | 517 | 642 | - | 508 | - | 160 |
| Operating Margin | 16.36% | - | 17.22% | 19.38% | 19.65% | 15.73% | 20.27% | - | 18.49% | - | 14.07% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 255 | 366 | 337 | 705 | 451 | 412 | 246 | - | 220 | - | - |
| Net margin | 9.91% | 13.54% | 11.03% | 20.28% | 12.5% | 12.54% | 7.77% | - | 8.01% | - | - |
| EPS | 2.460 | 3.520 | 3.250 | 6.790 | 4.340 | 3.930 | 2.370 | 1.870 | 2.090 | - | - |
| Dividend per Share | - | 3.850 | - | - | - | 4.050 | - | - | - | - | - |
| Announcement Date | 21-10-28 | 22-02-23 | 22-05-04 | 22-07-28 | 22-11-03 | 23-02-23 | 23-05-04 | 23-08-03 | 23-11-03 | 24-03-13 | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,586 | 2,398 | 2,149 | 1,791 | 1,489 | 1,604 | 1,626 | 1,378 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.544 x | 1.233 x | 0.9121 x | 0.5547 x | 1.195 x | 1.69 x | 1.567 x | 1.226 x |
| Free Cash Flow 1 | 958 | 707 | 862 | 1,097 | 561 | 332 | 416 | 433 |
| ROE (net income / shareholders' equity) | 8.26% | 7.4% | 11.7% | 17.9% | - | 26.7% | 25.9% | 28.6% |
| ROA (Net income/ Total Assets) | 3.82% | 3.24% | 5.65% | 8.56% | - | 5.55% | 6.48% | 7.15% |
| Assets 1 | 3,090 | -29,653 | 16,791 | 22,247 | - | 6,168 | 6,426 | 6,756 |
| Book Value Per Share 2 | 92.00 | 69.80 | 85.30 | 102.0 | - | 12.90 | 19.20 | 16.60 |
| Cash Flow per Share 2 | 17.60 | 12.00 | 14.40 | 19.30 | - | 5.220 | 5.940 | 6.540 |
| Capex 1 | 857 | 535 | 637 | 909 | 450 | 308 | 331 | 337 |
| Capex / Sales | 8.37% | 5.97% | 6.3% | 6.77% | 9.22% | 6.78% | 7.11% | 6.92% |
| Announcement Date | 20-02-26 | 21-02-24 | 22-02-23 | 23-02-23 | 24-03-13 | - | - | - |
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-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
30.18
EUR
Average target price
37.25
EUR
Spread / Average Target
+23.43%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.84% | 3.38B | |
| -0.19% | 74.89B | |
| +0.09% | 46.52B | |
| -4.19% | 30.82B | |
| +9.85% | 18.19B | |
| -10.05% | 11.54B | |
| +6.39% | 11.24B | |
| -8.09% | 9.73B | |
| +2.79% | 9.4B | |
| +6.35% | 9.37B |
- Stock Market
- Equities
- SOLB Stock
- Financials Solvay SA
