Financials Erbud S.A.

Equities

ERB

PLERBUD00012

Construction & Engineering

Delayed Warsaw S.E. 05:44:21 15/05/2024 pm IST 5-day change 1st Jan Change
42.8 PLN +1.18% Intraday chart for Erbud S.A. +3.63% 0.00%

Valuation

Fiscal Period: December 2019 2020 2022 2023 2024 2025
Capitalization 1 246 342.2 403.8 510.6 504.6 -
Enterprise Value (EV) 1 330.2 112.8 552.4 510.6 504.6 504.6
P/E ratio 7.01 x 7.01 x - 51 x - -
Yield - - - - - -
Capitalization / Revenue 0.11 x 0.15 x 0.1 x 0.16 x 0.16 x 0.16 x
EV / Revenue 0.11 x 0.15 x 0.1 x 0.16 x 0.16 x 0.16 x
EV / EBITDA 3.09 x 3.66 x 7.48 x - 5.15 x 4.85 x
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 0.92 x 1.17 x - - - -
Nbr of stocks (in thousands) 12,812 12,399 11,930 11,930 11,930 -
Reference price 2 19.20 27.60 33.85 42.80 42.30 42.30
Announcement Date 06/04/20 07/04/21 30/03/23 27/03/24 - -
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2022 2023 2024 2025
Net sales 1 2,313 2,228 3,856 3,234 3,200 3,250
EBITDA 1 79.7 93.56 53.99 - 98 104
EBIT 1 58.4 70.62 20.86 - 65 71
Operating Margin 2.52% 3.17% 0.54% - 2.03% 2.18%
Earnings before Tax (EBT) 48.89 64.25 - - - -
Net income 33.63 46.66 - - - -
Net margin 1.45% 2.09% - - - -
EPS 2.740 3.940 - 0.8400 - -
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 06/04/20 07/04/21 30/03/23 27/03/24 - -
1PLN in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q3 2022 Q4 2023 Q1 2023 Q3 2023 Q4 2024 Q1
Net sales 1 930.4 1,005 1,060 720.6 - 787.1 644.3
EBITDA 1 44.21 - 9.591 0.963 - -22.32 24.93
EBIT 1 35.47 - 0.353 -7.765 - -31.96 15.37
Operating Margin 3.81% - 0.03% -1.08% - -4.06% 2.39%
Earnings before Tax (EBT) - - - - 97.8 - -
Net income - 3.332 - - 67.62 - -
Net margin - 0.33% - - - - -
EPS - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 06/04/22 07/11/22 30/03/23 09/05/23 14/11/23 27/03/24 13/05/24
1PLN in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2022 2023 2024 2025
Net Debt 84.2 - 149 - - -
Net Cash position - 229 - - - -
Leverage (Debt/EBITDA) 1.057 x - 2.753 x - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 13.5% 16.4% - - - -
ROA (Net income/ Total Assets) - - - - - -
Assets - - - - - -
Book Value Per Share 20.80 23.60 - - - -
Cash Flow per Share - - - - - -
Capex - 13.4 - - - -
Capex / Sales - 0.6% - - - -
Announcement Date 06/04/20 07/04/21 30/03/23 27/03/24 - -
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
42.3 PLN
Average target price
55 PLN
Spread / Average Target
+30.02%
Consensus

Quarterly revenue - Rate of surprise

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