Financials Servizi Italia S.p.A.

Equities

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-05-31 am EDT			5-day change	1st Jan Change
1.895 ^EUR	+0.80%		-1.81%	+12.80%

May. 16	Servizi Italia renounces acquisition of Steris business unit	AN
May. 15	Servizi Italia S.p.A. cancelled the acquisition of Italian decontamination and sterilization services business unit from STERIS S.p.A.	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	98.83	92.83	64.35	61.99	34.89	55.28	55.28	-
Enterprise Value (EV) ¹	189.1	228.6	194	193.8	161	174.1	173.7	170.8
P/E ratio	8.57 x	10.3 x	23.6 x	8.3 x	9.12 x	8.84 x	9.13 x	6.64 x
Yield	5.13%	4.68%	-	-	-	3.43%	3.17%	4.75%
Capitalization / Revenue	0.39 x	0.35 x	0.27 x	0.24 x	0.13 x	0.17 x	0.19 x	0.18 x
EV / Revenue	0.75 x	0.87 x	0.81 x	0.75 x	0.6 x	0.6 x	0.58 x	0.56 x
EV / EBITDA	-	-	3.3 x	2.93 x	2.7 x	2.44 x	2.31 x	2.2 x
EV / FCF	43.8 x	33.7 x	-131 x	94.3 x	29 x	42.1 x	66.8 x	38.4 x
FCF Yield	2.28%	2.97%	-0.76%	1.06%	3.45%	2.38%	1.5%	2.61%
Price to Book	-	-	0.55 x	0.52 x	0.27 x	0.44 x	0.42 x	0.4 x
Nbr of stocks (in thousands)	31,675	31,048	30,352	29,874	29,440	29,172	29,172	-
Reference price ²	3.120	2.990	2.120	2.075	1.185	1.895	1.895	1.895
Announcement Date	4/29/19	3/13/20	3/15/21	3/14/22	3/14/23	3/14/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	250.9	262.4	240.2	256.7	270.3	287.9	297.5	303.4
EBITDA ¹	-	-	58.7	66.1	59.7	71.4	75.3	77.8
EBIT ¹	14.35	13.85	4.673	10.97	2.928	15	15.3	16
Operating Margin	5.72%	5.28%	1.95%	4.27%	1.08%	5.21%	5.14%	5.27%
Earnings before Tax (EBT) ¹	-	-	1.198	8.174	1.904	6	9	12
Net income ¹	11.6	8.99	2.761	7.5	3.833	5.463	8.35	9.1
Net margin	4.62%	3.43%	1.15%	2.92%	1.42%	1.9%	2.81%	3%
EPS ²	0.3640	0.2900	0.0900	0.2500	0.1300	0.1900	0.2075	0.2855
Free Cash Flow ¹	4.315	6.778	-1.477	2.054	5.549	4.138	2.6	4.45
FCF margin	1.72%	2.58%	-0.62%	0.8%	2.05%	1.44%	0.87%	1.47%
FCF Conversion (EBITDA)	-	-	-	3.11%	9.29%	5.8%	3.45%	5.72%
FCF Conversion (Net income)	37.2%	75.39%	-	27.39%	144.77%	75.75%	31.14%	48.9%
Dividend per Share ²	0.1600	0.1400	-	-	-	0.0650	0.0600	0.0900
Announcement Date	4/29/19	3/13/20	3/15/21	3/14/22	3/14/23	3/14/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	90.2	136	130	132	126	125	118	116
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	2.208 x	1.994 x	2.112 x	1.749 x	1.573 x	1.485 x
Free Cash Flow ¹	4.32	6.78	-1.48	2.05	5.55	4.14	2.6	4.45
ROE (net income / shareholders' equity)	-	-	2.84%	6.36%	3.06%	4.11%	5.85%	6.1%
ROA (Net income/ Total Assets)	-	-	-	-	0.99%	1.36%	2.1%	2%
Assets ¹	-	-	-	-	387.1	401	397.6	455
Book Value Per Share ²	-	-	3.850	4.020	4.430	4.330	4.500	4.690
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	-	-	55.2	57.8	51.4	51.8	63.3	64
Capex / Sales	-	-	22.97%	22.53%	19.01%	17.98%	21.28%	21.09%
Announcement Date	4/29/19	3/13/20	3/15/21	3/14/22	3/14/23	3/14/24	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.895 EUR

Average target price

2.275 EUR

Spread / Average Target

+20.05%