CREDITO EMILIANO S.P.A. |
Real-time
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.49 EUR | -0.94% |
|
-1.66% | +18.03% |
| Jun. 06 | Futures up slightly on ECB day | AN |
| Jun. 05 | Mib bullish ahead of ECB; STM and Nexi soar | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,721 | 1,458 | 1,981 | 2,252 | 2,734 | 3,206 | - | - |
| Enterprise Value (EV) 1 | 1,721 | 1,458 | 1,981 | 2,252 | 2,734 | 3,206 | 3,206 | 3,206 |
| P/E ratio | 8.51 x | 7.23 x | 5.54 x | 7.14 x | 4.87 x | 5.97 x | 6.82 x | 6.94 x |
| Yield | 4.24% | 4.54% | 5.15% | 4.98% | 8.08% | 6.63% | 6.26% | 6.58% |
| Capitalization / Revenue | 1.42 x | 1.21 x | 1.48 x | 1.53 x | 1.54 x | 1.68 x | 1.75 x | 1.73 x |
| EV / Revenue | 1.42 x | 1.21 x | 1.48 x | 1.53 x | 1.54 x | 1.68 x | 1.75 x | 1.73 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 0.6 x | 0.47 x | 0.57 x | 0.7 x | 0.7 x | 0.81 x | 0.79 x | 0.77 x |
| Nbr of stocks (in thousands) | 331,605 | 330,716 | 340,403 | 339,720 | 340,102 | 334,646 | - | - |
| Reference price 2 | 5.190 | 4.410 | 5.820 | 6.630 | 8.040 | 9.580 | 9.580 | 9.580 |
| Announcement Date | 2/6/20 | 2/8/21 | 2/7/22 | 2/6/23 | 2/8/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,208 | 1,202 | 1,337 | 1,473 | 1,775 | 1,913 | 1,837 | 1,857 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 402.9 | 410.3 | 460.9 | 572.6 | 972.2 | 928.7 | 830.3 | 820 |
| Operating Margin | 33.34% | 34.13% | 34.48% | 38.88% | 54.78% | 48.54% | 45.21% | 44.17% |
| Earnings before Tax (EBT) 1 | 296.4 | 252.5 | 466.2 | 461.6 | 825.1 | 792.6 | 685 | 673.1 |
| Net income 1 | 201.3 | 201.6 | 352.4 | 317 | 562.1 | 543.3 | 473.1 | 461.5 |
| Net margin | 16.66% | 16.77% | 26.36% | 21.52% | 31.67% | 28.4% | 25.76% | 24.86% |
| EPS 2 | 0.6100 | 0.6100 | 1.050 | 0.9287 | 1.650 | 1.604 | 1.405 | 1.381 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2200 | 0.2000 | 0.3000 | 0.3300 | 0.6500 | 0.6354 | 0.5998 | 0.6299 |
| Announcement Date | 2/6/20 | 2/8/21 | 2/7/22 | 2/6/23 | 2/8/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | 588 | 639.8 | 387.1 | 343.3 | 335 | 690.3 | 351.3 | 431.3 | 475.6 | 478.6 | 954.2 | 464.7 | 502.9 | 525.3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 186.2 | 210.6 | 150.2 | 129 | 114.1 | 243.1 | 141.7 | 187.8 | 240.4 | 242.5 | 482.9 | 245.9 | 243.4 | 277.8 |
| Operating Margin | 31.67% | 32.92% | 38.8% | 37.57% | 34.06% | 35.22% | 40.34% | 43.54% | 50.55% | 50.67% | 50.61% | 52.92% | 48.39% | 52.88% |
| Earnings before Tax (EBT) 1 | 113.2 | 199.7 | 107.5 | 110.9 | 114.5 | 225.4 | 98 | 138.2 | 199.3 | 241.1 | 440.3 | 206.7 | 178 | 238.9 |
| Net income 1 | 77.9 | 136.4 | 76.6 | 76.89 | 78.8 | 155.7 | 66.9 | 94.4 | 134.8 | 163.9 | 298.7 | 140.3 | 123.1 | 160.9 |
| Net margin | 13.25% | 21.32% | 19.79% | 22.4% | 23.52% | 22.56% | 19.04% | 21.89% | 28.34% | 34.25% | 31.3% | 30.19% | 24.48% | 30.64% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/6/20 | 8/6/21 | 2/7/22 | 5/6/22 | 8/5/22 | 8/5/22 | 11/10/22 | 2/6/23 | 5/9/23 | 8/7/23 | 8/7/23 | 11/8/23 | 2/8/24 | 5/7/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 7.38% | 6.7% | 10.7% | 9.8% | 16.3% | 13.6% | 11.6% | 10.8% |
| ROA (Net income/ Total Assets) | 0.44% | 0.39% | 0.57% | 0.48% | 0.85% | 0.81% | 0.72% | 0.71% |
| Assets 1 | 45,399 | 52,093 | 62,119 | 66,318 | 66,421 | 67,071 | 66,170 | 65,461 |
| Book Value Per Share 2 | 8.680 | 9.430 | 10.20 | 9.410 | 11.60 | 11.90 | 12.10 | 12.40 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/6/20 | 2/8/21 | 2/7/22 | 2/6/23 | 2/8/24 | - | - | - |
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
9.58
EUR
Average target price
11.5
EUR
Spread / Average Target
+20.05%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +17.79% | 3.47B | |
| +17.55% | 574B | |
| +18.15% | 311B | |
| +15.71% | 254B | |
| +18.57% | 203B | |
| +21.72% | 184B | |
| +27.18% | 172B | |
| +9.21% | 163B | |
| +9.22% | 150B | |
| -8.66% | 143B |
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- Financials Credito Emiliano S.p.A.
