CONVATEC GROUP PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 257.8 GBX | -6.46% |
|
-8.78% | +5.57% |
| 26/04 | Well, it isn't as bad as feared... |  |
| 26/04 | Peel Hunt Downgrades ConvaTec to Reduce from Add, Cuts PT | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,213 | 5,446 | 5,258 | 5,748 | 6,337 | 6,572 | - | - |
| Enterprise Value (EV) 1 | 6,402 | 6,437 | 6,139 | 6,816 | 7,467 | 7,649 | 7,460 | 7,228 |
| P/E ratio | - | 48.6 x | 45.1 x | 90.8 x | 49.3 x | 33.5 x | 26.1 x | 21.4 x |
| Yield | 2.17% | 2.09% | 2.25% | 2.15% | 2% | 2.02% | 2.18% | 2.38% |
| Capitalization / Revenue | 2.85 x | 2.88 x | 2.58 x | 2.77 x | 2.96 x | 2.89 x | 2.73 x | 2.57 x |
| EV / Revenue | 3.5 x | 3.4 x | 3.01 x | 3.29 x | 3.49 x | 3.37 x | 3.1 x | 2.83 x |
| EV / EBITDA | 14.4 x | 14.5 x | 13.2 x | 13.6 x | 14.2 x | 13.2 x | 11.6 x | 10.2 x |
| EV / FCF | 18.8 x | 20.5 x | 29 x | 49.6 x | 29.2 x | 28.4 x | 23.9 x | 18.4 x |
| FCF Yield | 5.32% | 4.87% | 3.45% | 2.02% | 3.42% | 3.52% | 4.19% | 5.42% |
| Price to Book | 3.34 x | 3.26 x | 3.1 x | 3.54 x | 3.76 x | 3.71 x | 3.46 x | 3.17 x |
| Nbr of stocks (in thousands) | 19,80,983 | 19,99,499 | 20,12,171 | 20,43,129 | 20,38,814 | 20,46,697 | - | - |
| Reference price 2 | 2.631 | 2.724 | 2.613 | 2.813 | 3.108 | 3.211 | 3.211 | 3.211 |
| Announcement Date | 28/02/20 | 05/03/21 | 08/03/22 | 09/03/23 | 06/03/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,827 | 1,894 | 2,038 | 2,072 | 2,142 | 2,270 | 2,410 | 2,558 |
| EBITDA 1 | 443.1 | 445 | 464.2 | 500 | 527.1 | 578.9 | 643.1 | 707 |
| EBIT 1 | 354.3 | 350.2 | 361.7 | 403.7 | 431.8 | 488.5 | 547.7 | 610.1 |
| Operating Margin | 19.39% | 18.49% | 17.75% | 19.48% | 20.15% | 21.52% | 22.72% | 23.85% |
| Earnings before Tax (EBT) 1 | 18.9 | 174.7 | 151.3 | 81.9 | 167.4 | 262.1 | 325.8 | 397.2 |
| Net income 1 | 9.8 | 112.5 | 117.6 | 62.9 | 130.3 | 194.9 | 247.8 | 308.1 |
| Net margin | 0.54% | 5.94% | 5.77% | 3.03% | 6.08% | 8.58% | 10.28% | 12.04% |
| EPS 2 | - | 0.0560 | 0.0580 | 0.0310 | 0.0630 | 0.0960 | 0.1230 | 0.1500 |
| Free Cash Flow 1 | 340.4 | 313.3 | 211.8 | 137.5 | 255.3 | 269.3 | 312.7 | 392 |
| FCF margin | 18.63% | 16.54% | 10.39% | 6.63% | 11.92% | 11.86% | 12.97% | 15.32% |
| FCF Conversion (EBITDA) | 76.82% | 70.4% | 45.63% | 27.5% | 48.43% | 46.53% | 48.63% | 55.44% |
| FCF Conversion (Net income) | 3,473.47% | 278.49% | 180.1% | 218.6% | 195.93% | 138.2% | 126.19% | 127.24% |
| Dividend per Share 2 | 0.0570 | 0.0570 | 0.0587 | 0.0605 | 0.0623 | 0.0647 | 0.0701 | 0.0763 |
| Announcement Date | 28/02/20 | 05/03/21 | 08/03/22 | 09/03/23 | 06/03/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 938.3 | 908 | 986.3 | 1,008 | 511 | 519.3 | 1,030 | 522.2 | 522.2 | 1,044 | 1,028 | 1,056 | 1,087 |
| EBITDA | - | - | 221.6 | - | - | - | 211.3 | - | - | - | 248.3 | - | - |
| EBIT | 189.1 | 181.8 | 168.4 | 204 | - | - | 157.7 | - | - | 204.3 | 199.4 | 214.1 | 217.7 |
| Operating Margin | 20.15% | 20.02% | 17.07% | 20.24% | - | - | 15.31% | - | - | 19.56% | 19.4% | 20.28% | 20.03% |
| Earnings before Tax (EBT) | -42.4 | - | - | - | - | - | - | - | - | - | 35.8 | - | - |
| Net income | -34.7 | 59.1 | 53.4 | 85.8 | - | - | 31.8 | - | - | 48.3 | 14.6 | 55.7 | - |
| Net margin | -3.7% | 6.51% | 5.41% | 8.51% | - | - | 3.09% | - | - | 4.62% | 1.42% | 5.28% | - |
| EPS | -0.0200 | 0.0300 | 0.0260 | 0.0420 | - | - | 0.0160 | - | - | 0.0240 | 0.007000 | 0.0270 | - |
| Dividend per Share | 0.0398 | - | - | - | - | - | 0.0415 | - | - | - | 0.0433 | - | - |
| Announcement Date | 28/02/20 | 06/08/20 | 05/03/21 | 30/07/21 | 08/12/21 | 08/03/22 | 08/03/22 | 04/05/22 | 04/08/22 | 04/08/22 | 09/03/23 | 02/08/23 | 06/03/24 |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,189 | 991 | 881 | 1,068 | 1,129 | 1,077 | 887 | 655 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.683 x | 2.227 x | 1.898 x | 2.136 x | 2.142 x | 1.861 x | 1.38 x | 0.927 x |
| Free Cash Flow 1 | 340 | 313 | 212 | 138 | 255 | 269 | 313 | 392 |
| ROE (net income / shareholders' equity) | 14.6% | 14.9% | 15.6% | 15.5% | 16.6% | 17.8% | 19.8% | 21% |
| ROA (Net income/ Total Assets) | 6.38% | 6.52% | 7.07% | 7.07% | 7.5% | 6.55% | 7.55% | 8.45% |
| Assets 1 | 153.6 | 1,725 | 1,664 | 889.9 | 1,736 | 2,975 | 3,282 | 3,646 |
| Book Value Per Share 2 | 0.7900 | 0.8300 | 0.8400 | 0.8000 | 0.8300 | 0.8700 | 0.9300 | 1.010 |
| Cash Flow per Share 2 | 0.2000 | 0.2000 | 0.1500 | 0.1400 | 0.1900 | 0.2200 | 0.2600 | 0.2700 |
| Capex 1 | 61.4 | 86.2 | 94.1 | 144 | 129 | 131 | 129 | 132 |
| Capex / Sales | 3.36% | 4.55% | 4.62% | 6.96% | 6.03% | 5.79% | 5.37% | 5.16% |
| Announcement Date | 28/02/20 | 05/03/21 | 08/03/22 | 09/03/23 | 06/03/24 | - | - | - |
1USD in Million2USD
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+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
3.211
USD
Average target price
3.944
USD
Spread / Average Target
+22.82%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.57% | 6.57B | |
| -2.31% | 187B | |
| -3.20% | 106B | |
| -5.04% | 66.9B | |
| +0.20% | 49.45B | |
| +17.29% | 48B | |
| +4.06% | 40.84B | |
| +2.36% | 26.25B | |
| +2.07% | 26.48B | |
| +12.96% | 24.62B |
- Stock Market
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- Financials ConvaTec Group Plc
