Financials EuroGroup Laminations S.p.A.

Equities

EGLA

IT0005527616

Heavy Electrical Equipment

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-07-12 am EDT			5-day change	1st Jan Change
4.17 ^EUR	0.00%		-0.33%	+7.42%

Jul. 12	Landi Renzo still up; Eems trailing.	AN
Jun. 28	Eurogroup Laminatios, EUR140 million financing transaction	AN

Valuation

Fiscal Period: December	2023	2024	2025	2026
Capitalization ¹	643.9	678.3	-	-
Enterprise Value (EV) ¹	754.7	804.1	807	814
P/E ratio	18.5 x	16.3 x	11.1 x	9.04 x
Yield	1.08%	1.14%	1.53%	1.85%
Capitalization / Revenue	0.77 x	0.74 x	0.57 x	0.47 x
EV / Revenue	0.9 x	0.87 x	0.68 x	0.57 x
EV / EBITDA	6.51 x	6.56 x	5.02 x	4.22 x
EV / FCF	-15.5 x	1,748 x	106 x	32.1 x
FCF Yield	-6.44%	0.06%	0.95%	3.12%
Price to Book	1.49 x	1.5 x	1.35 x	1.19 x
Nbr of stocks (in thousands)	165,862	162,663	-	-
Reference price ²	3.882	4.170	4.170	4.170
Announcement Date	3/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	851.1	835.9	919.8	1,191	1,431
EBITDA ¹	103.3	116	122.7	160.8	192.9
EBIT ¹	76.39	80.33	82.63	113.6	133.5
Operating Margin	8.97%	9.61%	8.98%	9.53%	9.33%
Earnings before Tax (EBT) ¹	63.62	55.44	65.47	97.1	117.3
Net income ¹	-	34.06	42.52	62.11	76.17
Net margin	-	4.07%	4.62%	5.21%	5.32%
EPS ²	-	0.2100	0.2558	0.3771	0.4613
Free Cash Flow ¹	-	-48.57	0.46	7.64	25.37
FCF margin	-	-5.81%	0.05%	0.64%	1.77%
FCF Conversion (EBITDA)	-	-	0.38%	4.75%	13.15%
FCF Conversion (Net income)	-	-	1.08%	12.3%	33.3%
Dividend per Share ²	-	0.0420	0.0473	0.0640	0.0773
Announcement Date	3/31/23	3/28/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	229.8	224	453.8	190.4	191.7	206.1	227	230	247
EBITDA ¹	27.01	30.02	57.04	25.36	33.59	24.39	30	32	38
EBIT	19.85	22.18	42.04	17.05	21.24	15.18	-	-	-
Operating Margin	8.64%	9.9%	9.26%	8.96%	11.08%	7.37%	-	-	-
Earnings before Tax (EBT)	13.28	-	-	-	-	-	-	-	-
Net income	-	-	-	-	6.649	-	-	-	-
Net margin	-	-	-	-	3.47%	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-
Announcement Date	5/12/23	8/4/23	8/4/23	11/13/23	3/28/24	5/13/24	-	-	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt ¹	-	111	126	129	136
Net Cash position ¹	-	-	-	-	-
Leverage (Debt/EBITDA)	-	0.9552 x	1.025 x	0.8006 x	0.7036 x
Free Cash Flow ¹	-	-48.6	0.46	7.64	25.4
ROE (net income / shareholders' equity)	-	11.6%	9.49%	12.8%	13.3%
ROA (Net income/ Total Assets)	-	3.19%	3.48%	4.79%	-
Assets ¹	-	1,069	1,221	1,296	-
Book Value Per Share ²	-	2.610	2.780	3.090	3.490
Cash Flow per Share ²	-	0.2900	-0.0600	0.2900	0.4600
Capex ¹	-	95.8	77.5	69.7	73.4
Capex / Sales	-	11.46%	8.43%	5.85%	5.13%
Announcement Date	3/31/23	3/28/24	-	-	-

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

Ratings for EuroGroup Laminations S.p.A.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.17 EUR

Average target price

5.32 EUR

Spread / Average Target

+27.58%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Heavy Motors & Generators

	1st Jan change	Capi.
EUROGROUP LAMINATIONS S.P.A.	+7.42%	740M
DONGFANG ELECTRIC CORPORATION LIMITED	+51.54%	6.85B
XIANGTAN ELECTRIC MANUFACTURING CO. LTD.	-41.06%	1.71B
HARBIN ELECTRIC CORPORATION JIAMUSI ELECTRIC MACHINE CO.,LTD	+15.19%	968M
2G ENERGY AG	+2.86%	457M
SHANGHAI COOLTECH POWER CO., LTD.	-25.69%	262M
SEC ELECTRIC MACHINERY CO., LTD.	-31.40%	253M
HIGEN MOTOR CO., LTD.	0.00%	219M
VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED	-25.37%	214M
GNCENERGY CO., LTD	+59.11%	73.48M

Heavy Motors & Generators