Financials Equals Group plc

Equities

EQLS

GB00BLS0XX25

Business Support Services

Market Closed - London S.E. Other stock markets 11:35:20 2024-07-10 am EDT			5-day change	1st Jan Change
115.5 ^GBX	-1.28%		-3.75%	-4.94%

Jul. 10	Equals Group receives improved offer from consortium	AN
Jul. 10	Equals Group Secures Extension to Firm Intention Deadline for Improved Takeover Proposal	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	155.4	50.46	116.6	161.7	227.6	214.7	-	-
Enterprise Value (EV) ¹	144.1	40.42	103.5	146.7	212.4	190.7	169.6	147.4
P/E ratio	-27.2 x	-7.3 x	-48.1 x	51.7 x	30.4 x	21.8 x	17 x	-
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	5.02 x	1.74 x	2.64 x	2.32 x	2.38 x	1.8 x	1.61 x	1.35 x
EV / Revenue	4.66 x	1.4 x	2.35 x	2.11 x	2.22 x	1.6 x	1.27 x	0.92 x
EV / EBITDA	15.9 x	34.7 x	15.4 x	12.1 x	10.3 x	7.75 x	5.97 x	4.23 x
EV / FCF	-	15 x	-	13 x	17.7 x	19.1 x	10.1 x	-
FCF Yield	-	6.66%	-	7.67%	5.65%	5.24%	9.91%	-
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	178,603	178,603	179,342	180,712	187,324	185,909	-	-
Reference price ²	0.8700	0.2825	0.6500	0.8950	1.215	1.155	1.155	1.155
Announcement Date	6/29/20	4/8/21	3/30/22	3/27/23	4/16/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	30.94	28.96	44.09	69.68	95.71	119.1	133.5	159.5
EBITDA ¹	9.055	1.164	6.713	12.12	20.64	24.59	28.39	34.85
EBIT ¹	-	-4.61	-3.327	3.86	9.7	13	16.6	-
Operating Margin	-	-15.92%	-7.55%	5.54%	10.13%	10.92%	12.43%	-
Earnings before Tax (EBT) ¹	-7.959	-9.046	-3.817	3.416	9.148	12.9	16.5	-
Net income ¹	-5.342	-6.92	-2.424	3.237	7.746	10.3	13.2	-
Net margin	-17.26%	-23.89%	-5.5%	4.65%	8.09%	8.65%	9.89%	-
EPS ²	-0.0320	-0.0387	-0.0135	0.0173	0.0400	0.0530	0.0680	-
Free Cash Flow ¹	-	2.694	-	11.25	12	10	16.8	-
FCF margin	-	9.3%	-	16.15%	12.54%	8.4%	12.58%	-
FCF Conversion (EBITDA)	-	231.41%	-	92.85%	58.17%	40.66%	59.17%	-
FCF Conversion (Net income)	-	-	-	347.67%	154.98%	97.09%	127.27%	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	6/29/20	4/8/21	3/30/22	3/27/23	4/16/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2022 S2	2023 S1
Net sales ¹	-	38.31	45.03
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income	0.675	-	-
Net margin	-	-	-
EPS	0.003600	-	-
Dividend per Share	-	-	-
Announcement Date	9/7/22	3/27/23	9/12/23

¹GBP in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	11.3	10	13.1	15	15.2	24.1	45.1	67.3
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	2.69	-	11.3	12	10	16.8	-
ROE (net income / shareholders' equity)	-	-	-	7.73%	-	-	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share ²	-	-	-	-	0.0600	0.0800	0.1200	0.1600
Capex ¹	-	0.16	0.08	0.27	0.48	4.6	4.8	-
Capex / Sales	-	0.55%	0.18%	0.39%	0.5%	3.86%	3.6%	-
Announcement Date	6/29/20	4/8/21	3/30/22	3/27/23	4/16/24	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Equals Group plc

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.155 GBP

Average target price

1.6 GBP

Spread / Average Target

+38.53%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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