Financials Tunisie Profilés Aluminium Société Anonyme

Equities

End-of-day quote Tunis Other stock markets 06:00:00 2024-05-30 pm EDT			5-day change	1st Jan Change
5.6 ^TND	-.--%		-.--%	+12.68%

May. 03	Tunisie Profilés Aluminium Société Anonyme Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Tunisie Profilés Aluminium Société Anonyme Reports Earnings Results for the Full Year Ended December 31, 2022	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	237	207.5	218.5	208	248.5	280	-	-
Enterprise Value (EV) ¹	258.3	207.5	209.5	228.3	248.5	268.2	269.9	280
P/E ratio	11.4 x	-	11.5 x	7.18 x	6.01 x	7.18 x	6.09 x	-
Yield	-	7.23%	5.26%	8.41%	-	7.14%	7.14%	7.14%
Capitalization / Revenue	1.44 x	-	1.02 x	0.73 x	0.86 x	0.9 x	0.81 x	0.73 x
EV / Revenue	1.57 x	-	0.97 x	0.8 x	0.86 x	0.86 x	0.78 x	0.73 x
EV / EBITDA	7.42 x	-	6.52 x	4.61 x	4.04 x	4.15 x	3.69 x	-
EV / FCF	-	8.76 x	75.4 x	-13.4 x	-	26.6 x	13.4 x	-
FCF Yield	-	11.4%	1.33%	-7.46%	-	3.77%	7.48%	-
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	50,000	50,000	50,000	50,000	50,000	50,000	-	-
Reference price ²	4.740	4.150	4.370	4.160	4.970	5.600	5.600	5.600
Announcement Date	7/6/20	5/3/21	5/16/22	5/18/23	5/3/24	-	-	-

¹TND in Million²TND

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	164.1	-	214.9	284.9	288.3	311	344	381
EBITDA ¹	34.8	-	32.14	49.54	61.5	64.6	73.2	-
EBIT ¹	32.08	-	24.65	42.28	50.23	52.7	60.4	-
Operating Margin	19.54%	-	11.47%	14.84%	17.42%	16.95%	17.56%	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income ¹	20.84	-	19.06	28.97	41.35	38.9	46.1	-
Net margin	12.7%	-	8.87%	10.17%	14.34%	12.51%	13.4%	-
EPS ²	0.4170	-	0.3810	0.5790	0.8270	0.7800	0.9200	-
Free Cash Flow ¹	-	23.7	2.779	-17.03	-	10.1	20.2	-
FCF margin	-	-	1.29%	-5.98%	-	3.25%	5.87%	-
FCF Conversion (EBITDA)	-	-	8.65%	-	-	15.63%	27.6%	-
FCF Conversion (Net income)	-	-	14.58%	-	-	25.96%	43.82%	-
Dividend per Share ²	-	0.3000	0.2300	0.3500	-	0.4000	0.4000	0.4000
Announcement Date	7/6/20	5/3/21	5/16/22	5/18/23	5/3/24	-	-	-

¹TND in Million²TND

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	21.3	-	-	20.3	-	-	-	-
Net Cash position ¹	-	-	9.02	-	-	11.8	10.1	-
Leverage (Debt/EBITDA)	0.6132 x	-	-	0.4094 x	-	-	-	-
Free Cash Flow ¹	-	23.7	2.78	-17	-	10.1	20.2	-
ROE (net income / shareholders' equity)	18.2%	-	13.9%	20.3%	-	20.5%	21.7%	22.1%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	1.44	3.06	4.67	19.6	-	7.97	11.1	-
Capex / Sales	0.88%	-	2.17%	6.87%	-	2.56%	3.23%	-
Announcement Date	7/6/20	5/3/21	5/16/22	5/18/23	5/3/24	-	-	-

¹TND in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.6 TND

Average target price

6.61 TND

Spread / Average Target

+18.04%

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