BRUNELLO CUCINELLI S.P.A. Financials Brunello Cucinelli S.p.A. Deutsche Boerse AG
Equities
8BU
IT0004764699
Apparel & Accessories
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 97.15 EUR | +3.52% |
|
+5.60% | +10.02% |
| Jun. 28 | Mib down slightly; Cucinelli on bottom | AN |
| Jun. 28 | Futures bullish; inflation data expected | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,146 | 2,428 | 4,128 | 4,699 | 6,021 | 6,349 | - | - |
| Enterprise Value (EV) 1 | 2,627 | 3,033 | 4,697 | 5,268 | 6,582 | 6,934 | 6,929 | 6,906 |
| P/E ratio | 40.8 x | -73.1 x | 77.4 x | 58.3 x | 52.6 x | 50.4 x | 44.1 x | 38.4 x |
| Yield | 1.11% | - | 0.69% | - | 1.03% | 1.07% | 1.21% | 1.39% |
| Capitalization / Revenue | 3.53 x | 4.44 x | 5.8 x | 5.11 x | 5.28 x | 5 x | 4.52 x | 4.09 x |
| EV / Revenue | 4.32 x | 5.55 x | 6.6 x | 5.73 x | 5.78 x | 5.46 x | 4.93 x | 4.44 x |
| EV / EBITDA | 15.5 x | 33.9 x | 24.3 x | 19.8 x | 20.2 x | 18.9 x | 17.1 x | 15.3 x |
| EV / FCF | 40.4 x | -921 x | 28.4 x | 34.3 x | 48.6 x | 84.7 x | 54.6 x | 43.3 x |
| FCF Yield | 2.47% | -0.11% | 3.52% | 2.91% | 2.06% | 1.18% | 1.83% | 2.31% |
| Price to Book | 7.21 x | 9.3 x | 13.1 x | 12.3 x | 13.6 x | 12.4 x | 10.8 x | 9.38 x |
| Nbr of stocks (in thousands) | 68,000 | 68,000 | 68,000 | 68,000 | 67,953 | 67,906 | - | - |
| Reference price 2 | 31.56 | 35.70 | 60.70 | 69.10 | 88.60 | 93.50 | 93.50 | 93.50 |
| Announcement Date | 3/11/20 | 3/11/21 | 3/10/22 | 3/15/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 608.6 | 546.8 | 712.2 | 919.7 | 1,139 | 1,270 | 1,405 | 1,554 |
| EBITDA 1 | 169.6 | 89.5 | 193.3 | 266.4 | 326.3 | 366.1 | 404.9 | 450.4 |
| EBIT 1 | 83.38 | -14.82 | 77.04 | 134.4 | 187.4 | 212.9 | 238.2 | 267.7 |
| Operating Margin | 13.7% | -2.71% | 10.82% | 14.61% | 16.45% | 16.76% | 16.95% | 17.23% |
| Earnings before Tax (EBT) 1 | 69.18 | -33.78 | 64.03 | 124 | 173.3 | 190.2 | 216.1 | 246.2 |
| Net income 1 | 52.55 | -33.22 | 53.32 | 80.6 | 114.6 | 126.7 | 143.9 | 165.7 |
| Net margin | 8.64% | -6.07% | 7.49% | 8.76% | 10.06% | 9.97% | 10.24% | 10.66% |
| EPS 2 | 0.7728 | -0.4885 | 0.7842 | 1.185 | 1.686 | 1.856 | 2.118 | 2.437 |
| Free Cash Flow 1 | 65 | -3.292 | 165.4 | 153.4 | 135.5 | 81.82 | 126.9 | 159.4 |
| FCF margin | 10.68% | -0.6% | 23.22% | 16.68% | 11.89% | 6.44% | 9.03% | 10.26% |
| FCF Conversion (EBITDA) | 38.33% | - | 85.56% | 57.58% | 41.53% | 22.35% | 31.34% | 35.39% |
| FCF Conversion (Net income) | 123.68% | - | 310.17% | 190.32% | 118.23% | 64.6% | 88.2% | 96.21% |
| Dividend per Share 2 | 0.3500 | - | 0.4200 | - | 0.9100 | 0.9976 | 1.127 | 1.298 |
| Announcement Date | 3/11/20 | 3/11/21 | 3/10/22 | 3/15/23 | 3/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 316.8 | 206.5 | 340.3 | 313.8 | 188.8 | 209.6 | 398.4 | 164.6 | 250.8 | 415.2 | 226.8 | 277.7 | 504.5 | 278.6 | 543.9 | 274.5 | 321 | - | 309.2 | 312.2 | 619.7 | 305 | 331.7 | 650.5 | 349.4 |
| EBITDA | - | -14.1 | 92.9 | 80.6 | - | - | 112.7 | - | - | 120 | - | - | - | - | 154.8 | - | - | 171.5 | - | - | - | - | - | - | - |
| EBIT 1 | - | -29.8 | 38.46 | 25.3 | - | - | 51.7 | - | - | 57.8 | - | - | - | - | 87.7 | - | - | 99.71 | 52.71 | 55.71 | 103 | 49.71 | 52.71 | 111.2 | 59.43 |
| Operating Margin | - | -14.43% | 11.3% | 8.06% | - | - | 12.98% | - | - | 13.92% | - | - | - | - | 16.12% | - | - | - | 17.05% | 17.85% | 16.62% | 16.3% | 15.89% | 17.09% | 17.01% |
| Earnings before Tax (EBT) | - | -64.28 | 30.5 | 19.13 | - | - | 44.89 | - | - | 69.7 | - | - | - | - | 85.3 | - | - | 88.08 | - | - | - | - | - | - | - |
| Net income | - | -47.52 | 14.3 | 20.35 | - | - | 32.98 | - | - | 46.6 | - | - | - | - | 61.78 | - | - | 52.84 | - | - | 62 | - | - | 67 | - |
| Net margin | - | -23.01% | 4.2% | 6.48% | - | - | 8.28% | - | - | 11.22% | - | - | - | - | 11.36% | - | - | - | - | - | 10% | - | - | 10.3% | - |
| EPS 2 | 0.4007 | -0.6988 | 0.2104 | 0.2992 | - | - | 0.4849 | - | - | 0.6851 | - | - | 0.5002 | - | 0.9088 | - | - | 0.7770 | 0.4660 | 0.4366 | - | 0.4513 | 0.4513 | - | 0.5492 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.2257 | 0.2257 | - | 0.2257 | 0.2257 | - | 0.2673 |
| Announcement Date | 3/11/20 | 8/27/20 | 3/11/21 | 8/26/21 | 10/21/21 | 3/10/22 | 3/10/22 | 4/13/22 | 8/30/22 | 8/30/22 | 10/19/22 | 3/15/23 | 3/15/23 | 8/29/23 | 8/29/23 | 12/14/23 | 3/14/24 | 3/14/24 | - | - | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 481 | 606 | 570 | 570 | 561 | 585 | 579 | 556 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.837 x | 6.765 x | 2.947 x | 2.138 x | 1.72 x | 1.598 x | 1.431 x | 1.235 x |
| Free Cash Flow 1 | 65 | -3.29 | 165 | 153 | 136 | 81.8 | 127 | 159 |
| ROE (net income / shareholders' equity) | 17.1% | -11.9% | 18.5% | 23.1% | 27.8% | 26.1% | 26% | 25.8% |
| ROA (Net income/ Total Assets) | 7.04% | -3.2% | 4.74% | 6.47% | 8.48% | 8.4% | 8.4% | - |
| Assets 1 | 746.4 | 1,038 | 1,124 | 1,246 | 1,351 | 1,508 | 1,713 | - |
| Book Value Per Share 2 | 4.380 | 3.840 | 4.650 | 5.630 | 6.500 | 7.510 | 8.650 | 9.970 |
| Cash Flow per Share 2 | 1.690 | 0.5400 | 3.060 | 3.180 | 3.070 | 2.970 | 3.790 | 3.270 |
| Capex 1 | 50.1 | 39.8 | 42.8 | 62.5 | 73.5 | 115 | 109 | 112 |
| Capex / Sales | 8.23% | 7.27% | 6.01% | 6.8% | 6.45% | 9.04% | 7.76% | 7.21% |
| Announcement Date | 3/11/20 | 3/11/21 | 3/10/22 | 3/15/23 | 3/14/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
93.5
EUR
Average target price
110.8
EUR
Spread / Average Target
+18.52%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +30.80% | 19.14B | |
| -23.70% | 60.37M |
- Stock Market
- Equities
- BC Stock
- 8BU Stock
- Financials Brunello Cucinelli S.p.A.
