Financials SIPEF

Equities

Market Closed - Euronext Bruxelles Other stock markets 11:35:22 2024-07-05 am EDT			5-day change	1st Jan Change
55 ^EUR	-0.36%		0.00%	+3.77%

Feb. 15	Sipef NV Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Sipef NV(ENXTBR:SIP) dropped from S&P Global BMI Index	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	641.2	549.8	674.1	655.5	608.3	619.2	-	-
Enterprise Value (EV) ¹	805.8	700.9	723.2	663.3	608.3	656.5	646.8	624
P/E ratio	-79.8 x	38.8 x	7.2 x	6.08 x	8.38 x	9.94 x	9.38 x	8.5 x
Yield	-	0.8%	3.51%	5.08%	3.68%	2.89%	3.06%	3.38%
Capitalization / Revenue	2.58 x	2.01 x	1.62 x	1.24 x	1.37 x	1.42 x	1.36 x	1.31 x
EV / Revenue	3.25 x	2.56 x	1.74 x	1.26 x	1.37 x	1.5 x	1.43 x	1.32 x
EV / EBITDA	17.1 x	9.43 x	4.1 x	2.93 x	3.79 x	4.36 x	3.99 x	3.61 x
EV / FCF	-23,357,598 x	41,064,352 x	7,890,647 x	7,712,429 x	38,859,290 x	-	-	-
FCF Yield	-0%	0%	0%	0%	0%	-	-	-
Price to Book	1.02 x	0.86 x	0.93 x	0.8 x	0.71 x	-	-	-
Nbr of stocks (in thousands)	10,436	10,419	10,419	10,399	10,399	10,399	-	-
Reference price ²	61.44	52.76	64.69	63.03	58.50	59.54	59.54	59.54
Announcement Date	2/13/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	248.3	274	416.1	527.5	443.9	436.8	453.7	472.2
EBITDA ¹	47.22	74.36	176.4	226.3	160.7	150.5	162.1	172.9
EBIT ¹	4.94	30.78	127.8	178.3	108	99.1	108.5	116.6
Operating Margin	1.99%	11.23%	30.71%	33.81%	24.33%	22.69%	23.91%	24.69%
Earnings before Tax (EBT)	0.852	28.06	136.6	172.6	108.8	-	-	-
Net income ¹	-8.004	14.12	93.75	108.2	72.74	62.3	66	73.4
Net margin	-3.22%	5.15%	22.53%	20.51%	16.39%	14.26%	14.55%	15.54%
EPS ²	-0.7700	1.360	8.990	10.36	6.980	5.990	6.345	7.005
Free Cash Flow	-34.5	17.07	91.66	86	15.66	-	-	-
FCF margin	-13.89%	6.23%	22.03%	16.3%	3.53%	-	-	-
FCF Conversion (EBITDA)	-	22.95%	51.96%	38.01%	9.74%	-	-	-
FCF Conversion (Net income)	-	120.86%	97.77%	79.52%	21.52%	-	-	-
Dividend per Share ²	-	0.4245	2.273	3.202	2.152	1.720	1.820	2.015
Announcement Date	2/13/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	165	151	49.2	7.77	-	37.3	27.6	4.8
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.486 x	2.033 x	0.2789 x	0.0343 x	-	0.2478 x	0.1703 x	0.0278 x
Free Cash Flow	-34.5	17.1	91.7	86	15.7	-	-	-
ROE (net income / shareholders' equity)	-	2.23%	13.7%	-	8.7%	-	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share	60.30	61.30	69.80	78.60	82.10	-	-	-
Cash Flow per Share ²	3.060	6.600	15.40	15.90	11.80	11.20	11.80	12.60
Capex ¹	66.4	51.7	68.7	79.3	107	105	83	75
Capex / Sales	26.74%	18.87%	16.5%	15.03%	24.1%	24.04%	18.29%	15.88%
Announcement Date	2/13/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-	-

¹USD in Million²USD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

59.54 USD

Average target price

73.49 USD

Spread / Average Target

+23.42%