VIB VERMÖGEN AG |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.875 EUR | -0.17% |
|
-1.01% | -36.62% |
| Jul. 01 | PointPark Properties s.r.o. agreed to acquire 12 Logistics Properties from VIB Vermögen AG. | CI |
| May. 22 | VIB Vermögen Plans Squeeze-out of BBI Minority Shareholders | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 821.9 | 790.2 | 1,259 | 562.5 | 459.5 | 293.9 | - | - |
| Enterprise Value (EV) 1 | 1,494 | 1,500 | 1,939 | 562.5 | 459.5 | 971 | 863.2 | 797.2 |
| P/E ratio | 13 x | 12 x | 8.43 x | 10.7 x | 3.55 x | 7.8 x | 7.06 x | 5.97 x |
| Yield | 2.35% | 2.62% | 1.87% | - | - | - | - | - |
| Capitalization / Revenue | 9.03 x | 8.39 x | 12.1 x | 5.27 x | - | 3.45 x | 3.2 x | 2.92 x |
| EV / Revenue | 16.4 x | 15.9 x | 18.7 x | 5.27 x | - | 11.4 x | 9.41 x | 7.91 x |
| EV / EBITDA | 21.1 x | 20.8 x | 23.8 x | 6.25 x | - | 12.1 x | 10 x | 8.4 x |
| EV / FCF | 21.6 x | -91 x | 42.2 x | - | - | 63 x | 7.75 x | 11.4 x |
| FCF Yield | 4.63% | -1.1% | 2.37% | - | - | 1.59% | 12.9% | 8.78% |
| Price to Book | 1.49 x | 1.32 x | 1.72 x | - | - | 0.33 x | 0.32 x | 0.3 x |
| Nbr of stocks (in thousands) | 27,580 | 27,580 | 27,710 | 27,710 | 33,055 | 33,055 | - | - |
| Reference price 2 | 29.80 | 28.65 | 45.45 | 20.30 | 13.90 | 8.890 | 8.890 | 8.890 |
| Announcement Date | 3/25/20 | 4/28/21 | 4/27/22 | 2/15/23 | 4/30/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 91 | 94.21 | 103.8 | 106.7 | - | 85.2 | 91.7 | 100.8 |
| EBITDA 1 | 70.95 | 72.23 | 81.32 | 90.07 | - | 80.5 | 86.2 | 94.9 |
| EBIT 1 | 70.63 | 71.9 | 80.89 | 58.62 | - | 50.9 | 54.6 | 62.6 |
| Operating Margin | 77.62% | 76.32% | 77.95% | 54.91% | - | 59.74% | 59.54% | 62.1% |
| Earnings before Tax (EBT) 1 | 78.29 | 80.04 | 181.6 | 61.85 | - | 46.4 | 51.1 | 60.2 |
| Net income 1 | 63.16 | 65.88 | 149 | 53.58 | 129.6 | 37.6 | 41.5 | 49.2 |
| Net margin | 69.41% | 69.93% | 143.63% | 50.19% | - | 44.13% | 45.26% | 48.81% |
| EPS 2 | 2.290 | 2.390 | 5.390 | 1.900 | 3.920 | 1.140 | 1.260 | 1.490 |
| Free Cash Flow 1 | 69.13 | -16.48 | 45.99 | - | - | 15.4 | 111.4 | 70 |
| FCF margin | 75.97% | -17.49% | 44.32% | - | - | 18.08% | 121.48% | 69.44% |
| FCF Conversion (EBITDA) | 97.44% | - | 56.55% | - | - | 19.13% | 129.23% | 73.76% |
| FCF Conversion (Net income) | 109.45% | - | 30.86% | - | - | 40.96% | 268.43% | 142.28% |
| Dividend per Share 2 | 0.7000 | 0.7500 | 0.8500 | - | - | - | - | - |
| Announcement Date | 3/25/20 | 4/28/21 | 4/27/22 | 2/15/23 | 4/30/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 |
|---|---|---|---|---|---|---|
| Net sales | 46.41 | 26.68 | - | 26.5 | - | - |
| EBITDA 1 | 36.33 | - | 20.51 | - | 19.91 | 35.74 |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) | 34.59 | 21.83 | - | - | - | - |
| Net income | - | 17.8 | - | - | - | - |
| Net margin | - | 66.74% | - | - | - | - |
| EPS | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 8/7/20 | 11/10/21 | 4/27/22 | 5/11/22 | 8/2/22 | 8/2/22 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 672 | 709 | 680 | - | - | 677 | 569 | 503 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 9.47 x | 9.822 x | 8.356 x | - | - | 8.411 x | 6.604 x | 5.303 x |
| Free Cash Flow 1 | 69.1 | -16.5 | 46 | - | - | 15.4 | 111 | 70 |
| ROE (net income / shareholders' equity) | 11.8% | 11.4% | 22.4% | - | - | 6.2% | 6.5% | 7% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 20.00 | 21.70 | 26.40 | - | - | 26.70 | 28.00 | 29.60 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | 95.4 | 67 | 22 | - | - | - | - | - |
| Capex / Sales | 104.79% | 71.09% | 21.2% | - | - | - | - | - |
| Announcement Date | 3/25/20 | 4/28/21 | 4/27/22 | 2/15/23 | 4/30/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
8.89
EUR
Average target price
11.5
EUR
Spread / Average Target
+29.36%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -36.62% | 317M | |
| -0.18% | 25.84B | |
| +30.87% | 25.84B | |
| +15.45% | 24.94B | |
| -21.08% | 23.53B | |
| +33.53% | 19.99B | |
| -0.29% | 19.79B | |
| +1.01% | 19.44B | |
| +47.49% | 17.8B | |
| -7.88% | 14.89B |
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- Financials VIB Vermögen AG
