MAREL HF. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 490 ISK | +0.82% |
|
+1.55% | +3.81% |
| May. 08 | Transcript : Marel hf., Q1 2024 Earnings Call, May 08, 2024 | |
| May. 07 | Marel hf. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,434 | 3,773 | 4,466 | 2,435 | 2,364 | 2,480 | - | - |
| Enterprise Value (EV) 1 | 3,532 | 3,978 | 4,665 | 3,252 | 3,155 | 3,142 | 3,047 | 2,880 |
| P/E ratio | 29.7 x | 37.3 x | 46.5 x | 41.7 x | 76.3 x | 41.1 x | 18.3 x | 14.3 x |
| Yield | 1.23% | 1.08% | 0.86% | 0.48% | - | 0.61% | 2.13% | 2.74% |
| Capitalization / Revenue | 2.68 x | 3.05 x | 3.28 x | 1.43 x | 1.37 x | 1.42 x | 1.34 x | 1.26 x |
| EV / Revenue | 2.75 x | 3.21 x | 3.43 x | 1.9 x | 1.83 x | 1.8 x | 1.64 x | 1.46 x |
| EV / EBITDA | 16 x | 18.7 x | 23.5 x | 18.2 x | 16.5 x | 12.7 x | 10 x | 8.49 x |
| EV / FCF | 33.8 x | 31.1 x | 44.3 x | -87.9 x | 60.7 x | 25.5 x | 19.3 x | 14.7 x |
| FCF Yield | 2.96% | 3.22% | 2.26% | -1.14% | 1.65% | 3.92% | 5.19% | 6.8% |
| Price to Book | 3.39 x | 4.06 x | 4.41 x | 2.43 x | 2.32 x | 2.32 x | 2.08 x | 1.89 x |
| Nbr of stocks (in thousands) | 759,881 | 747,927 | 753,989 | 752,702 | 753,951 | 753,950 | - | - |
| Reference price 2 | 4.520 | 5.045 | 5.923 | 3.235 | 3.135 | 3.290 | 3.290 | 3.290 |
| Announcement Date | 2/5/20 | 2/3/21 | 2/2/22 | 2/8/23 | 2/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,284 | 1,238 | 1,361 | 1,709 | 1,721 | 1,746 | 1,857 | 1,970 |
| EBITDA 1 | 220.3 | 212.5 | 198.9 | 178.6 | 191.4 | 248 | 304.2 | 339.2 |
| EBIT 1 | 173.4 | 166.8 | 153.6 | 163.4 | 153.1 | 157.3 | 219.3 | 248.4 |
| Operating Margin | 13.51% | 13.48% | 11.29% | 9.56% | 8.89% | 9.01% | 11.81% | 12.61% |
| Earnings before Tax (EBT) 1 | 141.8 | 131.6 | 120.7 | 75.1 | 36.1 | 86.97 | 164.3 | 220.1 |
| Net income 1 | 110.1 | 102.5 | 96.8 | 58.7 | 31 | 79.68 | 126.5 | 157.4 |
| Net margin | 8.58% | 8.28% | 7.11% | 3.44% | 1.8% | 4.56% | 6.81% | 7.99% |
| EPS 2 | 0.1520 | 0.1351 | 0.1273 | 0.0775 | 0.0411 | 0.0800 | 0.1800 | 0.2300 |
| Free Cash Flow 1 | 104.6 | 128 | 105.3 | -37 | 52 | 123 | 158 | 195.9 |
| FCF margin | 8.15% | 10.34% | 7.74% | -2.17% | 3.02% | 7.05% | 8.51% | 9.94% |
| FCF Conversion (EBITDA) | 47.48% | 60.24% | 52.94% | - | 27.17% | 49.61% | 51.93% | 57.74% |
| FCF Conversion (Net income) | 95% | 124.88% | 108.78% | - | 167.74% | 154.43% | 124.91% | 124.46% |
| Dividend per Share 2 | 0.0557 | 0.0545 | 0.0512 | 0.0156 | - | 0.0200 | 0.0700 | 0.0900 |
| Announcement Date | 2/5/20 | 2/3/21 | 2/2/22 | 2/8/23 | 2/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 371.6 | 397.3 | 450.6 | 489.2 | 447.4 | 422.4 | 869.8 | 403.6 | 448 | 412.6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 31.3 | 25 | 46.2 | 60.9 | 40.2 | 33.8 | 74 | - | 42.8 | 32.8 |
| Operating Margin | 8.42% | 6.29% | 10.25% | 12.45% | 8.99% | 8% | 8.51% | - | 9.55% | 7.95% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | - | -2 |
| Net income 1 | - | - | - | 18.5 | - | - | - | 10.1 | 8.7 | -3.2 |
| Net margin | - | - | - | 3.78% | - | - | - | 2.5% | 1.94% | -0.78% |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 4/27/22 | 7/27/22 | 11/2/22 | 2/8/23 | 5/3/23 | 7/27/23 | 7/27/23 | 10/24/23 | 2/7/24 | 5/7/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 97.6 | 205 | 199 | 817 | 791 | 662 | 567 | 399 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.443 x | 0.9656 x | 1.002 x | 4.573 x | 4.132 x | 2.669 x | 1.863 x | 1.178 x |
| Free Cash Flow 1 | 105 | 128 | 105 | -37 | 52 | 123 | 158 | 196 |
| ROE (net income / shareholders' equity) | 14.5% | 10.7% | 9.7% | 5.75% | 3% | 8.21% | 11.1% | 12% |
| ROA (Net income/ Total Assets) | 6.42% | 5.58% | 5.07% | 2.5% | 1.17% | 3.42% | 5.2% | - |
| Assets 1 | 1,715 | 1,838 | 1,910 | 2,351 | 2,648 | 2,329 | 2,433 | - |
| Book Value Per Share 2 | 1.330 | 1.240 | 1.340 | 1.330 | 1.350 | 1.420 | 1.580 | 1.740 |
| Cash Flow per Share 2 | 0.2000 | 0.2400 | - | 0.0700 | 0.1800 | 0.1200 | 0.2100 | 0.2800 |
| Capex 1 | 37.9 | 54.6 | 70.9 | 88.4 | 86.1 | 59.9 | 72 | 65.9 |
| Capex / Sales | 2.95% | 4.41% | 5.21% | 5.17% | 5% | 3.43% | 3.88% | 3.34% |
| Announcement Date | 2/5/20 | 2/3/21 | 2/2/22 | 2/8/23 | 2/7/24 | - | - | - |
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
1
Last Close Price
3.29
EUR
Average target price
3.582
EUR
Spread / Average Target
+8.89%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +3.81% | 2.69B | |
| -11.14% | 13.44B | |
| +1.43% | 5.06B | |
| -5.55% | 4.93B | |
| +23.45% | 4.87B | |
| -21.91% | 4.29B | |
| +12.70% | 4.32B | |
| +11.62% | 3.87B | |
| +46.61% | 3.9B | |
| +2.03% | 3.36B |
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- MAREL Stock
- Financials Marel hf.
