Financials Antin Infrastructure Partners S.A.

Equities

ANTIN

FR0014005AL0

Investment Management & Fund Operators

Market Closed - Euronext Paris 09:05:11 29/04/2024 pm IST After market 10:31:21 pm
12.7 EUR +2.09% Intraday chart for Antin Infrastructure Partners S.A. 12.77 +0.55%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 6,022 3,543 2,468 2,228 - -
Enterprise Value (EV) 1 5,665 3,179 2,468 1,857 1,901 1,918
P/E ratio 173 x -203 x - 14.9 x 15.9 x 9.68 x
Yield 0.32% 2.07% - 6.11% 5.96% 8.36%
Capitalization / Revenue 33.3 x 16.5 x 8.73 x 6.77 x 6.61 x 4.75 x
EV / Revenue 31.4 x 14.8 x 8.73 x 5.64 x 5.64 x 4.09 x
EV / EBITDA 52.3 x 26.8 x 14.1 x 9.12 x 9.5 x 6.23 x
EV / FCF 84.8 x 35.9 x - 11.7 x 11.9 x 7.55 x
FCF Yield 1.18% 2.78% - 8.56% 8.4% 13.2%
Price to Book 13.5 x 7.48 x - 4.29 x 4.3 x 4.09 x
Nbr of stocks (in thousands) 1,74,562 1,74,524 1,79,123 1,79,123 - -
Reference price 2 34.50 20.30 13.78 12.44 12.44 12.44
Announcement Date 24/03/22 23/03/23 07/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 179.6 180.6 214.2 282.9 329.4 337.3 469.1
EBITDA 1 - 108.4 118.5 175.5 203.6 200.1 308.1
EBIT 1 - 99.5 105.1 159.4 187.2 183 289.2
Operating Margin - 55.09% 49.07% 56.34% 56.84% 54.25% 61.66%
Earnings before Tax (EBT) 1 - 48.35 5.497 105.3 188.9 188.1 309.5
Net income 1 92.72 32.35 -16.8 74.8 150 140.6 232
Net margin 51.62% 17.91% -7.84% 26.44% 45.55% 41.67% 49.45%
EPS 2 - 0.2000 -0.1000 - 0.8362 0.7834 1.285
Free Cash Flow 1 - 66.8 88.5 - 159 159.7 254
FCF margin - 36.99% 41.32% - 48.29% 47.34% 54.15%
FCF Conversion (EBITDA) - 61.62% 74.68% - 78.1% 79.8% 82.45%
FCF Conversion (Net income) - 206.49% - - 106.03% 113.62% 109.49%
Dividend per Share 2 - 0.1100 0.4200 - 0.7598 0.7412 1.040
Announcement Date 03/09/21 24/03/22 23/03/23 07/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1 2023 S1 2023 S2
Net sales 1 96.1 138.1 144.8
EBITDA 1 48 82.8 92.7
EBIT 1 - - 83.6
Operating Margin - - 57.73%
Earnings before Tax (EBT) 1 - - 67.03
Net income 1 - 19.1 55.7
Net margin - 13.83% 38.47%
EPS - - -
Dividend per Share - - -
Announcement Date 14/09/22 04/08/23 07/03/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - 358 364 - 371 327 310
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 66.8 88.5 - 159 160 254
ROE (net income / shareholders' equity) - 30.6% 17.3% - 29.7% 27.8% 41.5%
ROA (Net income/ Total Assets) - 23.3% 14.3% - 21.5% 21.3% 31.2%
Assets 1 - 138.9 -117.6 - 699.3 660.5 744
Book Value Per Share 2 - 2.560 2.710 - 2.900 2.890 3.040
Cash Flow per Share 2 - 0.4400 0.5700 - 0.9000 0.9300 1.200
Capex 1 - 5.2 15.4 - 14 15 15
Capex / Sales - 2.88% 7.19% - 4.25% 4.45% 3.2%
Announcement Date 03/09/21 24/03/22 23/03/23 07/03/24 - - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
12.44 EUR
Average target price
16.96 EUR
Spread / Average Target
+36.30%
Consensus

Quarterly revenue - Rate of surprise

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  4. Financials Antin Infrastructure Partners S.A.