Financials Floridienne S.A.

Equities

Market Closed - Euronext Bruxelles Other stock markets 08:00:10 05/07/2024 pm IST			5-day change	1st Jan Change
670 ^EUR	+1.52%		-1.47%	+1.52%

30/04	Floridienne S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Floridienne S.A. Reports Earnings Results for the Half Year Ended June 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	205.5	333	656.3	675.9	646.5	656.3	-	-
Enterprise Value (EV) ¹	205.5	333	656.3	675.9	646.5	845.1	817.8	786.5
P/E ratio	-	-	-	56.1 x	182 x	43.1 x	27.7 x	20.8 x
Yield	-	-	-	-	0.38%	0.41%	0.45%	0.5%
Capitalization / Revenue	0.5 x	0.88 x	1.81 x	-	1.41 x	1.04 x	0.91 x	0.82 x
EV / Revenue	0.5 x	0.88 x	1.81 x	-	1.41 x	1.35 x	1.14 x	0.98 x
EV / EBITDA	5.97 x	8.75 x	14.3 x	-	11.5 x	11.3 x	8.57 x	7.05 x
EV / FCF	-	-	-	-	-	77.5 x	34.1 x	28.6 x
FCF Yield	-	-	-	-	-	1.29%	2.93%	3.5%
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	979	979	979	979	979	979.5	-	-
Reference price ²	209.8	340.0	670.0	690.0	660.0	670.0	670.0	670.0
Announcement Date	27/03/20	29/04/21	30/04/22	29/04/23	29/03/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	410.3	380.3	362.8	-	459.3	628.2	720.2	803.7
EBITDA ¹	34.4	38.05	45.74	-	56	74.8	95.4	111.5
EBIT ¹	-	-	-	-	-	42.85	58.81	70.72
Operating Margin	-	-	-	-	-	6.82%	8.17%	8.8%
Earnings before Tax (EBT) ¹	-	-	-	-	-	33.6	47.8	59.3
Net income ¹	-	-	-	12.04	3.6	15.3	23.9	30.8
Net margin	-	-	-	-	0.78%	2.44%	3.32%	3.83%
EPS ²	-	-	-	12.29	3.620	15.56	24.20	32.23
Free Cash Flow ¹	-	-	-	-	-	10.9	24	27.5
FCF margin	-	-	-	-	-	1.74%	3.33%	3.42%
FCF Conversion (EBITDA)	-	-	-	-	-	14.57%	25.16%	24.66%
FCF Conversion (Net income)	-	-	-	-	-	71.24%	100.42%	89.29%
Dividend per Share ²	-	-	-	-	2.500	2.750	3.030	3.330
Announcement Date	27/03/20	29/04/21	30/04/22	29/04/23	29/03/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	189	162	130
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	2.524 x	1.693 x	1.168 x
Free Cash Flow ¹	-	-	-	-	-	10.9	24	27.5
ROE (net income / shareholders' equity)	-	-	-	-	-	3.7%	5.6%	7%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	-	-	-	-	-	39.3	41.4	44.2
Capex / Sales	-	-	-	-	-	6.26%	5.75%	5.5%
Announcement Date	27/03/20	29/04/21	30/04/22	29/04/23	29/03/24	-	-	-

¹EUR in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

670 EUR

Average target price

835 EUR

Spread / Average Target

+24.63%

	1st Jan change	Capi.
FLORIDIENNE S.A.	+1.52%	710M
AIR LIQUIDE	+2.09%	102B
SABIC	-10.78%	59.2B
PT CHANDRA ASRI PACIFIC TBK	+75.24%	48.89B
WANHUA CHEMICAL GROUP CO., LTD.	+5.57%	35.03B
LYONDELLBASELL INDUSTRIES N.V.	-1.58%	30.47B
WESTLAKE CORPORATION	+1.46%	18.26B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+17.54%	17.47B
HENGLI PETROCHEMICAL CO.,LTD.	+6.83%	13.62B
SOLAR INDUSTRIES INDIA LIMITED	+80.76%	13.18B