Financials Carozzi S.A.

Equities

CAROZZI

CL0000007949

Food Processing

End-of-day quote Santiago S.E. 03:30:00 10/05/2024 am IST 5-day change 1st Jan Change
1,755 CLP 0.00% Intraday chart for Carozzi S.A. 0.00% +6.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,34,972 3,68,053 3,47,599 3,47,599 3,34,594 3,68,076
Enterprise Value (EV) 1 7,74,608 7,63,969 7,13,428 7,77,026 8,58,582 7,38,601
P/E ratio 12.8 x 10.5 x 7.81 x 7.45 x 5.09 x 4.44 x
Yield 2.36% 2.85% 3.85% 13.4% 5.93% -
Capitalization / Revenue 0.54 x 0.42 x 0.36 x 0.33 x 0.25 x 0.25 x
EV / Revenue 0.97 x 0.87 x 0.74 x 0.74 x 0.64 x 0.5 x
EV / EBITDA 7.15 x 6.77 x 5.39 x 5.89 x 4.77 x 3.31 x
EV / FCF 32.3 x -108 x 16.6 x -34.6 x -29.8 x 3.46 x
FCF Yield 3.1% -0.93% 6.03% -2.89% -3.36% 28.9%
Price to Book 1.28 x 0.99 x 0.89 x 0.83 x 0.74 x 0.73 x
Nbr of stocks (in thousands) 2,23,063 2,23,063 2,23,063 2,23,063 2,23,063 2,23,063
Reference price 2 1,950 1,650 1,558 1,558 1,500 1,650
Announcement Date 29/03/19 13/04/20 01/04/21 01/04/22 31/03/23 29/03/24
1CLP in Million2CLP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 7,99,631 8,77,894 9,59,843 10,48,199 13,50,590 14,70,164
EBITDA 1 1,08,265 1,12,876 1,32,469 1,31,829 1,79,832 2,23,178
EBIT 1 82,132 87,962 1,05,231 1,02,093 1,49,580 1,88,534
Operating Margin 10.27% 10.02% 10.96% 9.74% 11.08% 12.82%
Earnings before Tax (EBT) 1 59,863 64,084 81,383 81,319 1,03,043 1,43,430
Net income 1 33,966 34,945 44,482 46,632 65,678 82,907
Net margin 4.25% 3.98% 4.63% 4.45% 4.86% 5.64%
EPS 2 152.3 156.7 199.4 209.1 294.4 371.7
Free Cash Flow 1 23,976 -7,068 43,050 -22,470 -28,845 2,13,473
FCF margin 3% -0.81% 4.49% -2.14% -2.14% 14.52%
FCF Conversion (EBITDA) 22.15% - 32.5% - - 95.65%
FCF Conversion (Net income) 70.59% - 96.78% - - 257.48%
Dividend per Share 2 46.00 47.00 60.00 209.0 89.00 -
Announcement Date 29/03/19 13/04/20 01/04/21 01/04/22 31/03/23 29/03/24
1CLP in Million2CLP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,39,636 3,95,916 3,65,830 4,29,427 5,23,988 3,70,525
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.137 x 3.508 x 2.762 x 3.257 x 2.914 x 1.66 x
Free Cash Flow 1 23,976 -7,068 43,050 -22,470 -28,845 2,13,473
ROE (net income / shareholders' equity) 10.3% 9.81% 11.6% 11.5% 15% 17.3%
ROA (Net income/ Total Assets) 5.1% 5.1% 5.77% 5.29% 6.86% 8.05%
Assets 1 6,66,295 6,84,869 7,71,586 8,81,049 9,57,148 10,29,289
Book Value Per Share 2 1,522 1,660 1,751 1,870 2,036 2,253
Cash Flow per Share 2 72.90 76.40 100.0 130.0 127.0 280.0
Capex 1 46,445 42,956 38,452 38,891 38,353 40,466
Capex / Sales 5.81% 4.89% 4.01% 3.71% 2.84% 2.75%
Announcement Date 29/03/19 13/04/20 01/04/21 01/04/22 31/03/23 29/03/24
1CLP in Million2CLP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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