MAIRE S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.36 EUR | +0.82% |
|
-1.67% | +49.90% |
| May. 15 | Maire, NextChem complete acquisition of German GasConTe | AN |
| May. 09 | Mib bearish; focus on quarterly reports and BoE | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 812.9 | 598.8 | 1,364 | 1,016 | 1,608 | 2,398 | - | - |
| Enterprise Value (EV) 1 | 1,022 | 904.3 | 1,580 | 1,016 | 1,251 | 2,097 | 2,091 | 1,996 |
| P/E ratio | 7.19 x | 10.4 x | 16.4 x | 11.3 x | 12.9 x | 12 x | 10 x | 8.37 x |
| Yield | - | 6.37% | 4.4% | - | 4.01% | 4.17% | 5.79% | 7.65% |
| Capitalization / Revenue | 0.24 x | 0.23 x | 0.48 x | 0.29 x | 0.38 x | 0.4 x | 0.36 x | 0.31 x |
| EV / Revenue | 0.31 x | 0.34 x | 0.55 x | 0.29 x | 0.29 x | 0.35 x | 0.31 x | 0.26 x |
| EV / EBITDA | 4.34 x | 5.25 x | 9.1 x | 4.85 x | 4.56 x | 5.26 x | 4.55 x | 3.76 x |
| EV / FCF | -46 x | -19.8 x | 9.53 x | - | 3.73 x | 23.8 x | 18.2 x | 9.19 x |
| FCF Yield | -2.17% | -5.06% | 10.5% | - | 26.8% | 4.21% | 5.49% | 10.9% |
| Price to Book | 1.99 x | 1.45 x | 2.77 x | - | 3.06 x | 3.58 x | 3 x | 2.53 x |
| Nbr of stocks (in thousands) | 328,569 | 328,640 | 327,780 | 327,465 | 327,431 | 328,517 | - | - |
| Reference price 2 | 2.474 | 1.822 | 4.160 | 3.102 | 4.910 | 7.300 | 7.300 | 7.300 |
| Announcement Date | 3/11/20 | 3/10/21 | 2/25/22 | 3/1/23 | 3/5/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,338 | 2,631 | 2,865 | 3,464 | 4,260 | 6,031 | 6,751 | 7,621 |
| EBITDA 1 | 235.6 | 172.2 | 173.7 | 209.3 | 274.4 | 398.5 | 459.2 | 530.5 |
| EBIT 1 | 188.9 | 123.7 | 130 | 158 | 216.5 | 331.1 | 384.4 | 449.4 |
| Operating Margin | 5.66% | 4.7% | 4.54% | 4.56% | 5.08% | 5.49% | 5.69% | 5.9% |
| Earnings before Tax (EBT) 1 | 167 | 78.81 | 113.8 | 129.1 | 186.2 | 301.9 | 355.1 | 420.8 |
| Net income 1 | 113 | 57.8 | 83.3 | 89.89 | 125.4 | 201.1 | 239.7 | 284.2 |
| Net margin | 3.38% | 2.2% | 2.91% | 2.6% | 2.94% | 3.33% | 3.55% | 3.73% |
| EPS 2 | 0.3440 | 0.1760 | 0.2540 | 0.2740 | 0.3820 | 0.6080 | 0.7293 | 0.8717 |
| Free Cash Flow 1 | -22.22 | -45.76 | 165.9 | - | 335.2 | 88.25 | 114.8 | 217.2 |
| FCF margin | -0.67% | -1.74% | 5.79% | - | 7.87% | 1.46% | 1.7% | 2.85% |
| FCF Conversion (EBITDA) | - | - | 95.51% | - | 122.14% | 22.14% | 25.01% | 40.95% |
| FCF Conversion (Net income) | - | - | 199.16% | - | 267.36% | 43.89% | 47.91% | 76.43% |
| Dividend per Share 2 | - | 0.1160 | 0.1832 | - | 0.1970 | 0.3045 | 0.4228 | 0.5588 |
| Announcement Date | 3/11/20 | 3/10/21 | 2/25/22 | 3/1/23 | 3/5/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,216 | 1,327 | 725.4 | 812 | 728.4 | 887 | 1,615 | 901.4 | 946.9 | 957.9 | 1,008 | 1,966 | 1,123 | 1,171 | 1,264 |
| EBITDA 1 | 73.3 | 79.98 | 44.17 | 49.55 | 43.7 | 53.73 | 97.43 | 54.02 | 57.86 | 58 | 62.9 | 120.9 | 75.03 | 81.48 | 82.1 |
| EBIT 1 | 49.54 | 59.42 | 34.09 | 36.45 | 31.9 | 39.8 | 71.7 | 42.58 | 43.71 | 45.89 | 48.9 | 94.8 | 61.98 | 59.76 | 66.84 |
| Operating Margin | 4.07% | 4.48% | 4.7% | 4.49% | 4.38% | 4.49% | 4.44% | 4.72% | 4.62% | 4.79% | 4.85% | 4.82% | 5.52% | 5.11% | 5.29% |
| Earnings before Tax (EBT) 1 | 27.58 | 53.35 | 28.54 | - | - | 32.43 | 57.98 | 29.87 | 41.24 | 37.54 | 39.9 | 77.4 | 49.71 | 59.1 | 67.09 |
| Net income 1 | 20.07 | 39.99 | 20.44 | 22.87 | 18.4 | 23.81 | 42.17 | 18.83 | 28.89 | 25.16 | 26.4 | 51.6 | 30.6 | 43.16 | 43.78 |
| Net margin | 1.65% | 3.01% | 2.82% | 2.82% | 2.53% | 2.68% | 2.61% | 2.09% | 3.05% | 2.63% | 2.62% | 2.63% | 2.72% | 3.69% | 3.46% |
| EPS | - | - | 0.0620 | 0.0700 | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/29/20 | 7/29/21 | 11/4/21 | 2/25/22 | 5/11/22 | 7/28/22 | 7/28/22 | 10/27/22 | 3/1/23 | 5/3/23 | 7/27/23 | 7/27/23 | 10/26/23 | 3/5/24 | 4/24/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 209 | 306 | 217 | - | - | - | - | - |
| Net Cash position 1 | - | - | - | - | 357 | 301 | 307 | 402 |
| Leverage (Debt/EBITDA) | 0.8884 x | 1.774 x | 1.248 x | - | - | - | - | - |
| Free Cash Flow 1 | -22.2 | -45.8 | 166 | - | 335 | 88.3 | 115 | 217 |
| ROE (net income / shareholders' equity) | 31.5% | 14.1% | 18.4% | - | 24.6% | 33.7% | 32.7% | 32.1% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 1.240 | 1.260 | 1.500 | - | 1.600 | 2.040 | 2.430 | 2.890 |
| Cash Flow per Share 2 | -0.0500 | -0.0600 | 0.6000 | - | 1.130 | 0.7900 | 0.9500 | 1.200 |
| Capex 1 | 21.9 | 25.2 | 30.6 | - | 34.5 | 156 | 146 | 114 |
| Capex / Sales | 0.66% | 0.96% | 1.07% | - | 0.81% | 2.59% | 2.16% | 1.49% |
| Announcement Date | 3/11/20 | 3/10/21 | 2/25/22 | 3/1/23 | 3/5/24 | - | - | - |
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
7
Last Close Price
7.3
EUR
Average target price
8.143
EUR
Spread / Average Target
+11.55%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +50.31% | 2.61B | |
| +22.80% | 6.61B | |
| -15.69% | 3.54B | |
| +29.79% | 1.86B | |
| +21.66% | 1.06B | |
| +33.02% | 493M | |
| +29.48% | 388M | |
| +27.27% | 383M | |
| +10.47% | 337M | |
| +25.00% | 271M |
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- Financials Maire S.p.A.
