Financials Notorious Pictures S.p.A.

Equities

NPI

IT0005025355

Entertainment Production

Real-time Borsa Italiana Other stock markets 03:02:40 2024-07-18 am EDT			5-day change	1st Jan Change
0.875 ^EUR	+3.55%		-0.57%	-29.44%

Jul. 17	ITALY GROWTH WINNERS & LOSERS: eVISO and Notorious lead the risers.	AN
May. 14	Notorious Pictures, circuit is enriched with Ferrara multiplex	AN

Valuation

Fiscal Period: December	2019	2020	2021	2022	2024	2025
Capitalization ¹	54.41	37.86	35.67	31.29	18.49	-
Enterprise Value (EV) ¹	54.41	50.75	52.29	52.15	60.89	62.79
P/E ratio	10.3 x	-17.3 x	9.59 x	7.15 x	2.99 x	2.14 x
Yield	-	-	5.03%	8.04%	13.4%	18.7%
Capitalization / Revenue	1.23 x	2.82 x	1.36 x	0.88 x	0.33 x	0.27 x
EV / Revenue	1.23 x	3.78 x	1.99 x	1.46 x	1.08 x	0.91 x
EV / EBITDA	-	10.1 x	5.04 x	2.96 x	2.67 x	2.42 x
EV / FCF	-	17.9 x	-20.9 x	13.3 x	7.52 x	8.15 x
FCF Yield	-	5.58%	-4.78%	7.53%	13.3%	12.3%
Price to Book	-	1.58 x	1.27 x	-	0.51 x	0.44 x
Nbr of stocks (in thousands)	21,938	21,882	21,882	21,882	21,882	-
Reference price ²	2.480	1.730	1.630	1.430	0.8450	0.8450
Announcement Date	3/26/20	3/30/21	3/30/22	3/1/23	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2024	2025
Net sales ¹	44.12	13.44	26.25	35.6	56.3	68.9
EBITDA ¹	-	5.035	10.37	17.61	22.8	25.9
EBIT ¹	-	-3	3.384	5.621	8.2	11
Operating Margin	-	-22.32%	12.89%	15.79%	14.56%	15.97%
Earnings before Tax (EBT) ¹	-	-3.162	3.102	5.295	7.1	9.9
Net income ¹	-	-2.127	3.558	4.367	6.364	8.884
Net margin	-	-15.83%	13.55%	12.27%	11.3%	12.89%
EPS ²	0.2400	-0.1000	0.1700	0.2000	0.2830	0.3950
Free Cash Flow ¹	-	2.834	-2.498	3.929	8.1	7.7
FCF margin	-	21.08%	-9.52%	11.04%	14.39%	11.18%
FCF Conversion (EBITDA)	-	56.29%	-	22.3%	35.53%	29.73%
FCF Conversion (Net income)	-	-	-	89.96%	127.28%	86.67%
Dividend per Share ²	-	-	0.0820	0.1150	0.1130	0.1580
Announcement Date	3/26/20	3/30/21	3/30/22	3/1/23	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2022 S2
Net sales ¹	-	17.99
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income	2.223	-
Net margin	-	-
EPS	0.1000	-
Dividend per Share	-	-
Announcement Date	9/29/22	3/1/23

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2024	2025
Net Debt ¹	-	12.9	16.6	20.9	42.4	44.3
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	2.56 x	1.602 x	1.184 x	1.86 x	1.71 x
Free Cash Flow ¹	-	2.83	-2.5	3.93	8.1	7.7
ROE (net income / shareholders' equity)	-	-8.27%	13.5%	14.8%	18.3%	22%
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	-	1.090	1.290	-	1.650	1.930
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	4.15	12.5	14.2	14.6	13.8
Capex / Sales	-	30.91%	47.48%	39.9%	25.93%	20.03%
Announcement Date	3/26/20	3/30/21	3/30/22	3/1/23	-	-

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 Notorious Pictures S.p.A.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.845 EUR

Average target price

2 EUR

Spread / Average Target

+136.69%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Movie, TV Production & Distribution

	1st Jan change	Capi.
NOTORIOUS PICTURES S.P.A.	-29.44%	20.22M
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MADISON SQUARE GARDEN SPORTS CORP.	+9.02%	4.75B
BANIJAY GROUP N.V.	+4.14%	4.05B
CHINA RUYI HOLDINGS LIMITED	+21.97%	3.57B
BEIJING ENLIGHT MEDIA CO., LTD.	-6.63%	3.05B
CHINA FILM CO., LTD.	-14.13%	2.7B
LIONSGATE STUDIOS CORP.	-21.98%	2.38B

Movie, TV Production & Distribution