Financials TraWell Co S.p.A.

Equities

TWL

IT0005378325

Airport Services

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-05-31 am EDT			5-day change	1st Jan Change
8.1 ^EUR	+2.53%		+5.19%	+0.25%

May. 02	Futures bullish; Mib restarts at 33,700 points	AN
Apr. 30	Mib in the red; Stellantis gives up double digits	AN

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Capitalization ¹	15.25	14.73	14.68	20.4	20.4	-
Enterprise Value (EV) ¹	15.25	24.26	22.15	20.33	33.1	30.3
P/E ratio	-	-28.3 x	-11.6 x	42.6 x	12.3 x	9.64 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	0.9 x	0.74 x	0.56 x	0.67 x	0.63 x	0.6 x
EV / Revenue	0.9 x	1.21 x	0.84 x	0.67 x	1.02 x	0.89 x
EV / EBITDA	-	10.5 x	3.05 x	1.99 x	2.31 x	3.99 x
EV / FCF	-	31 x	5.21 x	4.45 x	4.73 x	4.09 x
FCF Yield	-	3.22%	19.2%	22.5%	21.1%	24.4%
Price to Book	-	1.85 x	2.13 x	3.12 x	2.31 x	1.84 x
Nbr of stocks (in thousands)	620	2,480	2,480	2,519	2,519	-
Reference price ²	24.60	5.940	5.920	8.100	8.100	8.100
Announcement Date	5/28/21	5/17/22	4/27/23	4/29/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net sales ¹	16.86	20.03	26.31	30.27	32.3	34.2
EBITDA ¹	-	2.304	7.258	10.2	14.3	7.6
EBIT ¹	-	1.033	3.146	6	6.8	7.5
Operating Margin	-	5.16%	11.95%	19.82%	21.05%	21.93%
Earnings before Tax (EBT) ¹	-	0.951	2.934	4.214	5.58	6.5
Net income ¹	-12.62	-0.5706	-1.267	1.14	1.66	2.11
Net margin	-74.85%	-2.85%	-4.81%	3.77%	5.14%	6.17%
EPS ²	-	-0.2100	-0.5100	0.1900	0.6600	0.8400
Free Cash Flow ¹	-	0.7822	4.249	5.6	7	7.4
FCF margin	-	3.91%	16.15%	18.08%	21.67%	21.64%
FCF Conversion (EBITDA)	-	33.95%	58.54%	52.83%	48.95%	97.37%
FCF Conversion (Net income)	-	-	-	1,142.86%	421.69%	350.71%
Dividend per Share	-	-	-	-	-	-
Announcement Date	5/28/21	5/17/22	4/27/23	4/29/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2023 S1	2023 S2
Net sales	-	-	-
EBITDA ¹	-	-	5.5
EBIT ¹	-	-	3.5
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income	0.4857	0.2629	-
Net margin	-	-	-
EPS	0.0800	0.0400	-
Dividend per Share	-	-	-
Announcement Date	9/30/22	9/28/23	4/29/24

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	9.53	7.47	4.5	12.7	9.9
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	4.135 x	1.029 x	0.4245 x	0.8881 x	1.303 x
Free Cash Flow ¹	-	0.78	4.25	5.6	7	7.4
ROE (net income / shareholders' equity)	-	-7.85%	-17.1%	7.7%	20.5%	21.2%
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	-	3.200	2.790	2.600	3.500	4.400
Cash Flow per Share	-	0.6000	-	-	-	-
Capex ¹	-	0.84	2.24	0.8	0.8	0.2
Capex / Sales	-	4.18%	8.5%	2.58%	2.48%	0.58%
Announcement Date	5/28/21	5/17/22	4/27/23	4/29/24	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for TraWell Co S.p.A.

Trading Rating

Investor Rating

ESG Refinitiv

D-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.1 EUR

Average target price

14 EUR

Spread / Average Target

+72.84%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Airport Services

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GRUPO AEROPORTUARIO DEL PACÍFICO, S.A.B. DE C.V.	+7.69%	9.47B
AUCKLAND INTERNATIONAL AIRPORT LIMITED	-11.36%	7.09B
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