TIKEHAU CAPITAL |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 21.35 EUR | +1.91% |
|
+0.47% | +3.64% |
| 04-24 | Tikehau Capital: 13% increase in assets under management in Q1 | CF |
| 04-23 | Tikehau Capital's Equity Buyback Plan Extended till July 30, 2024. | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,004 | 3,438 | 4,007 | 4,170 | 3,534 | 3,657 | - | - |
| Enterprise Value (EV) 1 | 2,569 | 3,766 | 4,191 | 5,119 | 4,776 | 4,822 | 4,740 | 4,624 |
| P/E ratio | 15.1 x | -17.3 x | 11.5 x | 13.6 x | 21 x | 13.4 x | 9.41 x | 7.98 x |
| Yield | 2.27% | 1.95% | 2.58% | 2.89% | 3.64% | 3.95% | 4.61% | 5.23% |
| Capitalization / Revenue | 6.64 x | 11.9 x | 5.98 x | 6.86 x | 7.19 x | 5.41 x | 4.4 x | 3.89 x |
| EV / Revenue | 5.68 x | 13 x | 6.26 x | 8.42 x | 9.72 x | 7.14 x | 5.7 x | 4.92 x |
| EV / EBITDA | 9.94 x | -16.8 x | 10.5 x | 13.5 x | 19.8 x | 11.7 x | 8.01 x | 6.77 x |
| EV / FCF | -132 x | -8.47 x | 23.3 x | -9.25 x | -36.1 x | 24.5 x | 13.7 x | 11.1 x |
| FCF Yield | -0.76% | -11.8% | 4.3% | -10.8% | -2.77% | 4.08% | 7.27% | 9% |
| Price to Book | 0.86 x | 1.23 x | 1.32 x | 1.32 x | 1.11 x | 1.12 x | 1.05 x | 0.97 x |
| Nbr of stocks (in thousands) | 136,533 | 133,791 | 172,356 | 171,941 | 171,570 | 171,305 | - | - |
| Reference price 2 | 22.00 | 25.70 | 23.25 | 24.25 | 20.60 | 21.35 | 21.35 | 21.35 |
| Announcement Date | 20-03-19 | 21-03-18 | 22-03-09 | 23-02-16 | 24-03-06 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 452.6 | 289.7 | 669.7 | 607.9 | 491.5 | 675.5 | 831.8 | 939.5 |
| EBITDA 1 | 258.5 | -223.7 | 399.1 | 378.2 | 241.5 | 412.5 | 591.8 | 683.1 |
| EBIT 1 | 258.5 | -223.7 | 391.3 | 370 | 232.2 | 394.1 | 550.9 | 578.6 |
| Operating Margin | 57.11% | -77.2% | 58.44% | 60.87% | 47.25% | 58.34% | 66.24% | 61.59% |
| Earnings before Tax (EBT) 1 | 218.9 | -264.8 | 372.3 | 372.6 | 191.5 | 327.3 | 448.5 | 534 |
| Net income 1 | 178.7 | -206.6 | 318.7 | 320.2 | 176.7 | 286.7 | 408.2 | 486.5 |
| Net margin | 39.48% | -71.31% | 47.59% | 52.67% | 35.95% | 42.45% | 49.08% | 51.78% |
| EPS 2 | 1.460 | -1.482 | 2.030 | 1.780 | 0.9800 | 1.594 | 2.268 | 2.675 |
| Free Cash Flow 1 | -19.4 | -444.4 | 180.1 | -553.4 | -132.1 | 196.9 | 344.8 | 416.4 |
| FCF margin | -4.29% | -153.38% | 26.89% | -91.04% | -26.88% | 29.15% | 41.45% | 44.31% |
| FCF Conversion (EBITDA) | - | - | 45.13% | - | - | 47.73% | 58.26% | 60.95% |
| FCF Conversion (Net income) | - | - | 56.51% | - | - | 68.67% | 84.45% | 85.58% |
| Dividend per Share 2 | 0.5000 | 0.5000 | 0.6000 | 0.7000 | 0.7500 | 0.8430 | 0.9832 | 1.117 |
| Announcement Date | 20-03-19 | 21-03-18 | 22-03-09 | 23-02-16 | 24-03-06 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | - | 247 | 313.1 | 385.3 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | -261.7 | 205.5 | - | - | - | - | 164.4 | 231.6 |
| Operating Margin | - | - | - | - | - | - | 52.5% | 60.11% |
| Earnings before Tax (EBT) | - | - | 319.7 | 52.94 | 89 | - | - | - |
| Net income | - | 176.1 | 277.3 | 42.93 | 72 | - | - | - |
| Net margin | - | - | - | - | - | - | - | - |
| EPS 2 | - | - | - | - | - | 0.5800 | 0.6700 | 0.9700 |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 20-09-17 | 21-09-15 | 22-07-28 | 23-02-16 | 23-07-27 | 24-03-06 | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 327 | 184 | 949 | 1,241 | 1,164 | 1,082 | 966 |
| Net Cash position 1 | 435 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | -1.464 x | 0.4602 x | 2.51 x | 5.141 x | 2.822 x | 1.829 x | 1.415 x |
| Free Cash Flow 1 | -19.4 | -444 | 180 | -553 | -132 | 197 | 345 | 416 |
| ROE (net income / shareholders' equity) | 6.6% | -6.96% | 10.9% | 10.4% | 5.58% | 8.66% | 11.7% | 12.7% |
| ROA (Net income/ Total Assets) | - | - | - | - | 3.61% | 5.28% | 6.58% | 7.35% |
| Assets 1 | - | - | - | - | 4,900 | 5,434 | 6,201 | 6,619 |
| Book Value Per Share 2 | 25.50 | 20.90 | 17.60 | 18.30 | 18.60 | 19.00 | 20.40 | 22.00 |
| Cash Flow per Share 2 | 2.100 | -3.250 | 1.140 | -3.070 | -0.7500 | 1.370 | 2.100 | 2.460 |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 20-03-19 | 21-03-18 | 22-03-09 | 23-02-16 | 24-03-06 | - | - | - |
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
BUY
Number of Analysts
10
Last Close Price
21.35
EUR
Average target price
27.36
EUR
Spread / Average Target
+28.15%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.64% | 3.9B | |
| -6.44% | 88.47B | |
| +15.32% | 84.55B | |
| +12.36% | 26.01B | |
| -6.65% | 17.28B | |
| +6.74% | 14.28B | |
| -16.11% | 13.16B | |
| +16.00% | 9.52B | |
| +26.11% | 8.75B | |
| +27.22% | 7.13B |
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- Financials Tikehau Capital
