DE'LONGHI S.P.A. |
Market Closed -
Other stock markets
|
After market 12:47:14 pm | |||
| 32.16 EUR | -0.25% |
|
32.22 | +0.19% |
| May. 28 | Piazza Affari up; banks do well on Mib. | AN |
| May. 13 | Futures up slightly, focus is on results | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,818 | 3,858 | 4,726 | 3,149 | 4,583 | 4,851 | - | - |
| Enterprise Value (EV) 1 | 2,540 | 3,626 | 4,301 | 2,850 | 3,920 | 4,414 | 4,246 | 4,057 |
| P/E ratio | 17.8 x | 19.7 x | 15.5 x | 18.1 x | 18.5 x | 16.3 x | 15.1 x | 13.9 x |
| Yield | 2.86% | 2.09% | 2.63% | 2.29% | 2.2% | 2.48% | 2.67% | 2.89% |
| Capitalization / Revenue | 1.34 x | 1.64 x | 1.47 x | 1 x | 1.49 x | 1.43 x | 1.34 x | 1.26 x |
| EV / Revenue | 1.21 x | 1.54 x | 1.33 x | 0.9 x | 1.27 x | 1.3 x | 1.17 x | 1.05 x |
| EV / EBITDA | 8.6 x | 9.89 x | 8.35 x | 7.87 x | 8.83 x | 8.43 x | 7.41 x | 6.54 x |
| EV / FCF | 14.5 x | 9.05 x | 10.6 x | -1,583 x | 8.99 x | 21.1 x | 14.3 x | 12.6 x |
| FCF Yield | 6.88% | 11.1% | 9.47% | -0.06% | 11.1% | 4.74% | 6.97% | 7.96% |
| Price to Book | 2.37 x | 3.04 x | 3.01 x | 1.9 x | 2.54 x | 2.4 x | 2.11 x | 1.9 x |
| Nbr of stocks (in thousands) | 149,500 | 149,643 | 149,940 | 150,083 | 150,165 | 150,465 | - | - |
| Reference price 2 | 18.85 | 25.78 | 31.52 | 20.98 | 30.52 | 32.24 | 32.24 | 32.24 |
| Announcement Date | 3/12/20 | 3/11/21 | 3/10/22 | 3/13/23 | 3/12/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,101 | 2,351 | 3,222 | 3,158 | 3,076 | 3,393 | 3,617 | 3,847 |
| EBITDA 1 | 295.3 | 366.5 | 515 | 362 | 444.2 | 523.8 | 572.8 | 620.1 |
| EBIT 1 | 210.9 | 262 | 386.9 | 263.5 | 329.6 | 407 | 450.1 | 488.5 |
| Operating Margin | 10.04% | 11.14% | 12.01% | 8.34% | 10.72% | 12% | 12.44% | 12.7% |
| Earnings before Tax (EBT) 1 | 195.8 | 256.3 | 400.3 | 238.2 | 327.3 | 411.5 | 451 | 495.4 |
| Net income 1 | 161 | 200.1 | 311.1 | 177.4 | 250.4 | 301.3 | 324.9 | 353.8 |
| Net margin | 7.66% | 8.51% | 9.66% | 5.62% | 8.14% | 8.88% | 8.98% | 9.2% |
| EPS 2 | 1.060 | 1.310 | 2.030 | 1.160 | 1.650 | 1.977 | 2.139 | 2.319 |
| Free Cash Flow 1 | 174.7 | 400.8 | 407.4 | -1.8 | 435.9 | 209.2 | 296.1 | 322.8 |
| FCF margin | 8.32% | 17.05% | 12.64% | -0.06% | 14.17% | 6.17% | 8.18% | 8.39% |
| FCF Conversion (EBITDA) | 59.17% | 109.36% | 79.11% | - | 98.13% | 39.94% | 51.69% | 52.06% |
| FCF Conversion (Net income) | 108.52% | 200.31% | 130.95% | - | 174.08% | 69.45% | 91.12% | 91.25% |
| Dividend per Share 2 | 0.5400 | 0.5400 | 0.8300 | 0.4800 | 0.6700 | 0.7988 | 0.8619 | 0.9328 |
| Announcement Date | 3/12/20 | 3/11/21 | 3/10/22 | 3/13/23 | 3/12/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2021 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,256 | 903.7 | 1,432 | 1,158 | 735.5 | 709.3 | 1,445 | 683.8 | 1,030 | 602.4 | 688.8 | 1,291 | 706.6 | - | 658.8 |
| EBITDA 1 | 197.5 | 118.8 | 251.4 | 158.1 | 100.1 | 49 | 149.1 | 62.9 | 150 | 74.3 | 85.8 | - | 105 | - | 93.8 |
| EBIT 1 | 152.9 | 74 | 209.4 | 95.1 | 75.7 | 23.2 | 98.9 | 40.9 | 122.4 | 48.9 | 60.3 | 109.2 | 74.7 | 176.9 | 64.8 |
| Operating Margin | 12.18% | 8.19% | 14.62% | 8.21% | 10.29% | 3.27% | 6.85% | 5.98% | 11.89% | 8.12% | 8.75% | 8.46% | 10.57% | - | 9.84% |
| Earnings before Tax (EBT) 1 | 146 | 65 | 228.4 | 89.5 | 66.5 | 31.2 | 97.7 | 35.71 | 104.8 | 49.5 | 56.5 | 106 | 75.66 | 193.9 | 68.8 |
| Net income 1 | 118.2 | 43.1 | 180.8 | 67.6 | 50.6 | 21 | 71.7 | - | 78 | 38.7 | 44 | - | 59.5 | - | 51.3 |
| Net margin | 9.41% | 4.77% | 12.63% | 5.84% | 6.88% | 2.96% | 4.96% | - | 7.58% | 6.42% | 6.39% | - | 8.42% | - | 7.79% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/12/20 | 7/30/20 | 7/29/21 | 3/10/22 | 5/12/22 | 7/28/22 | 7/28/22 | 11/10/22 | 3/13/23 | 5/11/23 | 7/28/23 | 7/28/23 | 11/9/23 | 3/12/24 | 5/10/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 278 | 232 | 425 | 299 | 663 | 437 | 605 | 794 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 175 | 401 | 407 | -1.8 | 436 | 209 | 296 | 323 |
| ROE (net income / shareholders' equity) | 14.3% | 16.3% | 21.9% | 11% | 14.7% | 15.4% | 15.4% | 15.2% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 7.960 | 8.480 | 10.50 | 11.00 | 12.00 | 13.40 | 15.30 | 16.90 |
| Cash Flow per Share 2 | 1.570 | 3.070 | 3.290 | 0.9900 | 3.860 | 2.460 | 2.360 | 2.580 |
| Capex 1 | 62.8 | 66.6 | 133 | 156 | 132 | 141 | 141 | 142 |
| Capex / Sales | 2.99% | 2.83% | 4.11% | 4.95% | 4.3% | 4.15% | 3.89% | 3.7% |
| Announcement Date | 3/12/20 | 3/11/21 | 3/10/22 | 3/13/23 | 3/12/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
32.24
EUR
Average target price
37.8
EUR
Spread / Average Target
+17.25%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +5.37% | 5.24B | |
| +19.28% | 61.66B | |
| +45.81% | 37.1B | |
| +47.35% | 10.6B | |
| -3.45% | 6.57B | |
| -1.04% | 5.77B | |
| +4.19% | 4.64B | |
| -15.55% | 3.06B | |
| +12.81% | 2.63B | |
| -0.29% | 2.56B |
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