Financials Witbe

Equities

ALWIT

FR0013143872

IT Services & Consulting

Market Closed - Euronext Paris Other stock markets 11:35:05 2024-04-26 EDT			5-day change	1st Jan Change
3.8 ^EUR	-2.56%		-6.40%	-10.38%

04-12	Witbe: upbeat after contract with Channel 4	CF
2023	Witbe: forecasts maintained, but share price declines	CF

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	21.9	11.79	41.53	29.02	30.94	15.61	15.61	-
Enterprise Value (EV) ¹	24.58	13.55	43.81	30.66	31.41	17.42	19.21	17.41
P/E ratio	-28.4 x	18.1 x	-14.8 x	13.9 x	42.2 x	38 x	27.1 x	14.1 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	1.15 x	0.62 x	2.88 x	1.52 x	1.19 x	0.75 x	0.64 x	0.6 x
EV / Revenue	1.29 x	0.71 x	3.04 x	1.6 x	1.2 x	0.75 x	0.78 x	0.67 x
EV / EBITDA	38.8 x	4.25 x	317 x	7.37 x	10.3 x	6.11 x	4.47 x	3.11 x
EV / FCF	-12 x	-	-	-	-	22 x	24 x	9.67 x
FCF Yield	-8.36%	-	-	-	-	4.54%	4.16%	10.3%
Price to Book	4.23 x	-	-	-	-	2.02 x	2.45 x	2.09 x
Nbr of stocks (in thousands)	4,055	4,066	4,072	4,082	4,076	4,109	4,109	-
Reference price ²	5.400	2.900	10.20	7.110	7.590	3.800	3.800	3.800
Announcement Date	19-04-11	20-04-21	21-04-15	22-04-21	23-04-18	24-04-22	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	19.05	19.06	14.4	19.13	26.08	23.2	24.5	26
EBITDA ¹	0.633	3.191	0.138	4.162	3.038	2.853	4.3	5.6
EBIT ¹	-1.018	1.006	-1.816	1.803	0.003	-0.675	1.3	2.1
Operating Margin	-5.34%	5.28%	-12.61%	9.42%	0.01%	-2.91%	5.31%	8.08%
Earnings before Tax (EBT)	-0.88	-	-	-	-	-	-	-
Net income ¹	-0.757	0.663	-2.821	2.114	0.753	-1.538	0.6	1.1
Net margin	-3.97%	3.48%	-19.59%	11.05%	2.89%	-6.63%	2.45%	4.23%
EPS ²	-0.1900	0.1600	-0.6900	0.5100	0.1800	0.1000	0.1400	0.2700
Free Cash Flow ¹	-2.056	-	-	-	-	0.7	0.8	1.8
FCF margin	-10.79%	-	-	-	-	3.02%	3.27%	6.92%
FCF Conversion (EBITDA)	-	-	-	-	-	30.43%	18.6%	32.14%
FCF Conversion (Net income)	-	-	-	-	-	175%	133.33%	163.64%
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	19-04-11	20-04-21	21-04-15	22-04-21	23-04-18	24-04-22	-	-

¹EUR in Million²EUR

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	2.68	1.76	2.28	1.64	0.47	-	3.6	1.8
Net Cash position ¹	-	-	-	-	-	0.2	-	-
Leverage (Debt/EBITDA)	4.24 x	0.5512 x	16.55 x	0.3933 x	0.1554 x	-	0.8372 x	0.3214 x
Free Cash Flow ¹	-2.06	-	-	-	-	0.7	0.8	1.8
ROE (net income / shareholders' equity)	-13.4%	12.2%	-55.4%	44.2%	11.3%	5.4%	9.2%	14.8%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	1.280	-	-	-	-	1.880	1.550	1.820
Cash Flow per Share ²	0.5100	0.8700	0.5400	1.120	1.290	0.7900	1.550	1.820
Capex ¹	4.1	-	-	-	-	4.1	3	2.5
Capex / Sales	21.5%	-	-	-	-	17.67%	12.24%	9.62%
Announcement Date	19-04-11	20-04-21	21-04-15	22-04-21	23-04-18	24-04-22	-	-

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

Ratings for Witbe

Trading Rating

Investor Rating

ESG Refinitiv

Analysts' Consensus

Sell

Consensus

Buy

Mean consensus

HOLD

Number of Analysts

1

Last Close Price

3.8 EUR

Average target price

4.2 EUR

Spread / Average Target

+10.53%

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other IT Services & Consulting

	1st Jan change	Capi.
WITBE	-10.38%	16.67M
ACCENTURE PLC	-12.23%	194B
TATA CONSULTANCY SERVICES LTD.	+0.74%	166B
IBM	+2.19%	153B
AUTOMATIC DATA PROCESSING, INC.	+4.34%	99.85B
RELX PLC	+7.04%	77.56B
CROWDSTRIKE HOLDINGS, INC.	+19.09%	73.55B
INFOSYS LIMITED	-7.30%	71B
SNOWFLAKE INC.	-20.54%	52.81B
HCL TECHNOLOGIES LIMITED	+0.53%	47.86B

Other IT Services & Consulting

Secure and Increase the Performance of your Investments with our Team of Experts at your Side

Securing my Investments

fermer