MATAS A/S |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 125 DKK | +1.13% |
|
+2.46% | +8.32% |
| 01:00pm | Transcript : Matas A/S - Analyst/Investor Day | |
| 10:00am | Transcript : Matas A/S, 2024 Earnings Call, May 28, 2024 |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,500 | 1,629 | 3,180 | 3,627 | 3,194 | 4,685 | - | - |
| Enterprise Value (EV) 1 | 4,004 | 4,128 | 4,907 | 5,276 | 4,836 | 7,658 | 7,658 | 7,195 |
| P/E ratio | 9.49 x | 8.6 x | 11.9 x | 13.4 x | 11.5 x | 22.3 x | 13.7 x | 11.1 x |
| Yield | 4.56% | - | 2.41% | 2.08% | 2.38% | 1.61% | 2.2% | 2.49% |
| Capitalization / Revenue | 0.71 x | 0.44 x | 0.76 x | 0.83 x | 0.71 x | 0.7 x | 0.58 x | 0.56 x |
| EV / Revenue | 1.13 x | 1.12 x | 1.18 x | 1.21 x | 1.08 x | 1.14 x | 0.94 x | 0.85 x |
| EV / EBITDA | 7.29 x | 5.9 x | 6.16 x | 6.57 x | 5.98 x | 7.91 x | 6.3 x | 5.43 x |
| EV / FCF | 10.3 x | 37.1 x | 6.34 x | 18.9 x | 11.4 x | -38.1 x | 17.6 x | 8.08 x |
| FCF Yield | 9.69% | 2.69% | 15.8% | 5.29% | 8.78% | -2.63% | 5.69% | 12.4% |
| Price to Book | 0.94 x | 0.59 x | 1.05 x | 1.15 x | 0.96 x | 1.33 x | 1.24 x | 1.15 x |
| Nbr of stocks (in thousands) | 37,995 | 38,188 | 38,269 | 37,665 | 37,933 | 37,909 | - | - |
| Reference price 2 | 65.80 | 42.65 | 83.10 | 96.30 | 84.20 | 123.6 | 123.6 | 123.6 |
| Announcement Date | 5/28/19 | 5/27/20 | 5/27/21 | 6/1/22 | 5/31/23 | - | - | - |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,541 | 3,688 | 4,164 | 4,344 | 4,490 | 6,709 | 8,131 | 8,438 |
| EBITDA 1 | 549 | 699.9 | 797 | 802.6 | 809 | 968.3 | 1,216 | 1,326 |
| EBIT 1 | 363.3 | 292.9 | 380 | 377.3 | 423.1 | 420 | 594.5 | 661 |
| Operating Margin | 10.26% | 7.94% | 9.13% | 8.69% | 9.42% | 6.26% | 7.31% | 7.83% |
| Earnings before Tax (EBT) 1 | 341.9 | 249.9 | 353 | 351.1 | 372.8 | 282.5 | 449.7 | 549.2 |
| Net income 1 | 263 | 191.2 | 269 | 276.5 | 280.7 | 210.3 | 341.2 | 419.6 |
| Net margin | 7.43% | 5.18% | 6.46% | 6.36% | 6.25% | 3.13% | 4.2% | 4.97% |
| EPS 2 | 6.930 | 4.960 | 6.960 | 7.200 | 7.350 | 5.554 | 9.006 | 11.14 |
| Free Cash Flow 1 | 387.9 | 111.2 | 774.1 | 278.9 | 424.7 | -201.1 | 435.5 | 890 |
| FCF margin | 10.95% | 3.01% | 18.59% | 6.42% | 9.46% | -3% | 5.36% | 10.55% |
| FCF Conversion (EBITDA) | 70.66% | 15.89% | 97.13% | 34.75% | 52.5% | - | 35.8% | 67.14% |
| FCF Conversion (Net income) | 147.49% | 58.16% | 287.77% | 100.87% | 151.3% | - | 127.65% | 212.08% |
| Dividend per Share 2 | 3.000 | - | 2.000 | 2.000 | 2.000 | 1.987 | 2.713 | 3.075 |
| Announcement Date | 5/28/19 | 5/27/20 | 5/27/21 | 6/1/22 | 5/31/23 | - | - | - |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 973.9 | 1,378 | 970.6 | 1,054 | 989.2 | 1,396 | 1,051 | 1,150 | 1,285 | 2,508 | 1,761 |
| EBITDA 1 | 165.6 | 283.5 | 167.8 | - | 160 | 295.9 | 161.6 | 200.9 | 177.2 | 424.1 | 192 |
| EBIT 1 | 56.7 | 193.7 | 59.9 | 97.6 | 73.3 | 201.4 | 50.8 | 88.7 | 25 | 249.4 | 16 |
| Operating Margin | 5.82% | 14.06% | 6.17% | 9.26% | 7.41% | 14.43% | 4.83% | 7.71% | 1.94% | 9.94% | 0.91% |
| Earnings before Tax (EBT) 1 | 46.4 | 189.5 | 47.7 | 88.6 | 60 | 188.8 | 35.4 | - | - | 220.1 | -19 |
| Net income 1 | 36.4 | - | 39.3 | 69.1 | 46.7 | 147.3 | 17.6 | 49 | - | 163.2 | -15 |
| Net margin | 3.74% | - | 4.05% | 6.56% | 4.72% | 10.55% | 1.68% | 4.26% | - | 6.51% | -0.85% |
| EPS 2 | 0.9400 | - | 0.9800 | 1.810 | 1.220 | 3.850 | 0.4600 | 1.280 | - | 4.250 | -0.4000 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/4/21 | 2/10/22 | 6/1/22 | 8/17/22 | 11/10/22 | 2/8/23 | 5/31/23 | 8/16/23 | 11/10/23 | 2/2/24 | - |
1DKK in Million2DKK
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,504 | 2,500 | 1,727 | 1,649 | 1,642 | 2,972 | 2,972 | 2,510 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.74 x | 3.571 x | 2.167 x | 2.054 x | 2.03 x | 3.069 x | 2.443 x | 1.893 x |
| Free Cash Flow 1 | 388 | 111 | 774 | 279 | 425 | -201 | 436 | 890 |
| ROE (net income / shareholders' equity) | 9.94% | 7.04% | 9.27% | 8.93% | 8.62% | 6.87% | 9.75% | 10.8% |
| ROA (Net income/ Total Assets) | 4.85% | 3.15% | 4.23% | 4.53% | 4.55% | 2.66% | 3.38% | 4.49% |
| Assets 1 | 5,421 | 6,063 | 6,366 | 6,099 | 6,168 | 7,907 | 10,085 | 9,340 |
| Book Value Per Share 2 | 70.30 | 72.40 | 79.40 | 83.70 | 87.80 | 92.60 | 99.60 | 108.0 |
| Cash Flow per Share 2 | 11.90 | 11.60 | 24.60 | 13.30 | 17.80 | 16.80 | 24.00 | 31.00 |
| Capex 1 | 63.5 | 124 | 50.5 | 50.5 | 254 | 472 | 411 | 296 |
| Capex / Sales | 1.79% | 3.36% | 1.21% | 1.16% | 5.66% | 7.04% | 5.05% | 3.51% |
| Announcement Date | 5/28/19 | 5/27/20 | 5/27/21 | 6/1/22 | 5/31/23 | - | - | - |
1DKK in Million2DKK
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
3
Last Close Price
123.6
DKK
Average target price
150
DKK
Spread / Average Target
+21.36%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.32% | 682M | |
| +30.78% | 30.4B | |
| +7.44% | 5.89B | |
| -17.46% | 4.17B | |
| +6.85% | 4B | |
| +4.23% | 1.91B | |
| -7.74% | 1.69B | |
| -15.80% | 1.23B | |
| -12.20% | 1.16B | |
| -22.14% | 944M |
- Stock Market
- Equities
- MATAS Stock
- Financials Matas A/S
