Financials Desarrollos Especiales de Sistemas de Anclaje, S.A.

Equities

DESA

ES0126251018

Industrial Machinery & Equipment

Delayed BME 07:30:04 26/06/2024 pm IST 5-day change 1st Jan Change
13.2 EUR 0.00% Intraday chart for Desarrollos Especiales de Sistemas de Anclaje, S.A. 0.00% +10.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15.11 16.09 24.08 24.98 21.36 23.49 - -
Enterprise Value (EV) 1 31.06 27.79 24.08 24.98 32.46 33.59 32.89 31.79
P/E ratio 18.8 x 17.6 x 6.4 x 7 x 10 x 8.97 x 7.25 x 6.6 x
Yield 3.31% - - - - 6.36% 6.36% 6.36%
Capitalization / Revenue 0.36 x 0.41 x - - 0.45 x 0.47 x 0.45 x 0.43 x
EV / Revenue 0.73 x 0.7 x - - 0.68 x 0.68 x 0.63 x 0.58 x
EV / EBITDA 12.9 x 9.8 x - - 7.22 x 6.52 x 5.77 x 5.13 x
EV / FCF 68.3 x 6.95 x - - 8.59 x 16.8 x 14.3 x 12.2 x
FCF Yield 1.46% 14.4% - - 11.6% 5.95% 6.99% 8.18%
Price to Book - - - - 1.11 x 1.17 x - -
Nbr of stocks (in thousands) 1,788 1,788 1,784 1,784 1,780 1,780 - -
Reference price 2 8.450 9.000 13.50 14.00 12.00 13.20 13.20 13.20
Announcement Date 27/02/20 26/02/21 28/02/22 27/02/23 29/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 42.39 39.66 - - 47.66 49.6 52.4 54.8
EBITDA 1 2.417 2.835 - - 4.495 5.152 5.7 6.2
EBIT 1 1.223 1.414 - - 3.362 3.984 4.6 5
Operating Margin 2.89% 3.57% - - 7.05% 8.03% 8.78% 9.12%
Earnings before Tax (EBT) 1 1.066 1.247 - - 2.915 3.525 4.3 4.8
Net income 1 0.812 0.906 3.765 3.582 2.128 2.8 3.2 3.6
Net margin 1.92% 2.28% - - 4.46% 5.65% 6.11% 6.57%
EPS 2 0.4500 0.5100 2.110 2.000 1.200 1.472 1.820 2.000
Free Cash Flow 1 0.455 4.002 - - 3.779 2 2.3 2.6
FCF margin 1.07% 10.09% - - 7.93% 4.03% 4.39% 4.74%
FCF Conversion (EBITDA) 18.82% 141.16% - - 84.07% 38.82% 40.35% 41.94%
FCF Conversion (Net income) 56.03% 441.72% - - 177.62% 71.43% 71.87% 72.22%
Dividend per Share 2 0.2800 - - - - 0.8400 0.8400 0.8400
Announcement Date 27/02/20 26/02/21 28/02/22 27/02/23 29/02/24 - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 16 11.7 - - 11.1 10.1 9.4 8.3
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.6 x 4.127 x - - 2.471 x 1.961 x 1.649 x 1.339 x
Free Cash Flow 1 0.46 4 - - 3.78 2 2.3 2.6
ROE (net income / shareholders' equity) 6.46% 7% - - 11.5% 13.2% 15.1% 15.3%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 - - - - 10.80 11.30 - -
Cash Flow per Share 2 - - - - 2.800 2.050 - -
Capex 1 1.14 1.94 - - 1.2 1 1 1.1
Capex / Sales 2.68% 4.89% - - 2.52% 2.02% 1.91% 2.01%
Announcement Date 27/02/20 26/02/21 28/02/22 27/02/23 29/02/24 - - -
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
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
13.2 EUR
Average target price
18 EUR
Spread / Average Target
+36.36%
Consensus

Annual profits - Rate of surprise

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