Financials Daldrup & Söhne AG Deutsche Boerse AG

Equities

Market Closed - Deutsche Boerse AG Other stock markets 05:03:19 07/06/2024 pm IST			5-day change	1st Jan Change
9.32 ^EUR	+3.56%		+14.50%	+1.53%

01/06	Daldrup & Söhne Aktiengesellschaft Reports Earnings Results for the Full Year Ended December 31, 2023	CI
08/01	Daldrup & Söhne Bags EUR3 Million Borehole Revision Contract in Germany	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	22.03	19.33	30.53	44.29	54.72	56.99	-	-
Enterprise Value (EV) ¹	28.08	24.05	35.26	48.96	54.72	49.97	47.32	56.99
P/E ratio	-1.8 x	-3.7 x	38.9 x	52 x	61.5 x	28 x	17.8 x	21.2 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	0.89 x	0.74 x	0.39 x	1.16 x	1.11 x	1.28 x	1.19 x	1.09 x
EV / Revenue	1.13 x	0.92 x	0.45 x	1.28 x	1.11 x	1.12 x	0.99 x	1.09 x
EV / EBITDA	-3.57 x	5.73 x	8.92 x	11.7 x	11.1 x	10.4 x	8.63 x	9.83 x
EV / FCF	9.18 x	-	-14.8 x	36.7 x	-	-500 x	23.1 x	14.1 x
FCF Yield	10.9%	-	-6.75%	2.73%	-	-0.2%	4.33%	7.11%
Price to Book	0.95 x	1.06 x	1.6 x	2.22 x	-	2.34 x	2.01 x	-
Nbr of stocks (in thousands)	5,985	5,985	5,985	5,985	5,986	5,986	-	-
Reference price ²	3.680	3.230	5.100	7.400	9.140	9.520	9.520	9.520
Announcement Date	31/05/20	31/05/21	31/05/22	31/05/23	31/05/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	24.77	26.19	78.06	38.18	49.12	44.6	48.03	52.05
EBITDA ¹	-7.87	4.199	3.953	4.2	4.939	4.8	5.485	5.8
EBIT ¹	-10.79	1.891	1.543	1.8	2.586	3.2	4.249	4.7
Operating Margin	-43.55%	7.22%	1.98%	4.71%	5.26%	7.17%	8.85%	9.03%
Earnings before Tax (EBT) ¹	-9.847	-5.001	0.8159	0.8836	0.9091	2.2	3.374	2.9
Net income ¹	-12.22	-5.224	0.7848	0.8517	0.8898	2	3.201	2.7
Net margin	-49.34%	-19.95%	1.01%	2.23%	1.81%	4.48%	6.67%	5.19%
EPS ²	-2.041	-0.8722	0.1310	0.1422	0.1486	0.3400	0.5342	0.4500
Free Cash Flow ¹	3.06	-	-2.379	1.335	-	-0.1	2.05	4.05
FCF margin	12.35%	-	-3.05%	3.5%	-	-0.22%	4.27%	7.78%
FCF Conversion (EBITDA)	-	-	-	31.8%	-	-	37.38%	69.83%
FCF Conversion (Net income)	-	-	-	156.79%	-	-	64.03%	150%
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	31/05/20	31/05/21	31/05/22	31/05/23	31/05/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	6.05	4.71	4.73	4.67	-	-	-	-
Net Cash position ¹	-	-	-	-	-	7.02	9.68	-
Leverage (Debt/EBITDA)	-0.7686 x	1.122 x	1.197 x	1.112 x	-	-	-	-
Free Cash Flow ¹	3.06	-	-2.38	1.34	-	-0.1	2.05	4.05
ROE (net income / shareholders' equity)	-41.5%	-	4.21%	4.37%	-	13.2%	15.2%	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	3.890	3.040	3.180	3.340	-	4.070	4.730	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	1	-	1.23	0.98	-	1.1	1.2	1.3
Capex / Sales	4.03%	-	1.58%	2.56%	-	2.47%	2.5%	2.5%
Announcement Date	31/05/20	31/05/21	31/05/22	31/05/23	31/05/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

9.52 EUR

Average target price

10.5 EUR

Spread / Average Target

+10.29%

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