Financials Gielda Praw Majatkowych Vindexus Spolka Akcyjna

Equities

VIN

PLVNDEX00013

Business Support Services

Delayed Warsaw S.E. 03:02:22 03/06/2024 pm IST 5-day change 1st Jan Change
9 PLN 0.00% Intraday chart for Gielda Praw Majatkowych Vindexus Spolka Akcyjna +8.17% -15.09%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 79.94 94.4 55.8 80.45 71.74 124
Enterprise Value (EV) 1 136.4 179.9 111.7 108.8 98.22 133.2
P/E ratio 4.48 x 7.34 x 10.1 x 2.25 x 2.23 x 6.38 x
Yield 4.35% 1.23% 2.08% 3.61% 4.38% 3.77%
Capitalization / Revenue 1.69 x 1.99 x 1.1 x 0.64 x 0.62 x 1.18 x
EV / Revenue 2.89 x 3.8 x 2.2 x 0.87 x 0.85 x 1.26 x
EV / EBITDA 5.68 x 8.95 x 6.52 x 1.58 x 2.25 x 4.15 x
EV / FCF 26.3 x -5.97 x 4.34 x 12.4 x 6,659 x 5.22 x
FCF Yield 3.8% -16.8% 23% 8.09% 0.02% 19.1%
Price to Book 0.45 x 0.51 x 0.29 x 0.36 x 0.28 x 0.45 x
Nbr of stocks (in thousands) 11,586 11,626 11,626 11,626 11,646 11,700
Reference price 2 6.900 8.120 4.800 6.920 6.160 10.60
Announcement Date 30/04/19 20/04/20 30/04/21 02/05/22 29/04/23 29/04/24
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 47.25 47.38 50.75 125.6 115.8 105.4
EBITDA 1 24 20.09 17.13 68.99 43.65 32.08
EBIT 1 23.63 19.52 16.48 68.37 43.09 31.42
Operating Margin 50.01% 41.21% 32.48% 54.43% 37.2% 29.81%
Earnings before Tax (EBT) 1 18.41 13.22 9.678 62.19 33.79 23.7
Net income 1 17.89 12.9 5.553 36 32.2 18.63
Net margin 37.86% 27.22% 10.94% 28.66% 27.8% 17.68%
EPS 2 1.540 1.107 0.4754 3.080 2.765 1.662
Free Cash Flow 1 5.177 -30.13 25.71 8.8 0.0148 25.5
FCF margin 10.96% -63.59% 50.66% 7.01% 0.01% 24.19%
FCF Conversion (EBITDA) 21.57% - 150.14% 12.76% 0.03% 79.5%
FCF Conversion (Net income) 28.94% - 463.07% 24.44% 0.05% 136.87%
Dividend per Share 2 0.3000 0.1000 0.1000 0.2500 0.2700 0.4000
Announcement Date 30/04/19 20/04/20 30/04/21 02/05/22 29/04/23 29/04/24
1PLN in Million2PLN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 56.4 85.5 55.9 28.3 26.5 9.16
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.351 x 4.254 x 3.262 x 0.4104 x 0.6067 x 0.2857 x
Free Cash Flow 1 5.18 -30.1 25.7 8.8 0.01 25.5
ROE (net income / shareholders' equity) 10.6% 7.09% 2.89% 17.2% 13.4% 7.14%
ROA (Net income/ Total Assets) 5.65% 4.39% 3.52% 13% 7.56% 5.68%
Assets 1 316.6 293.7 157.6 276.4 425.6 328
Book Value Per Share 2 15.30 16.10 16.40 19.40 21.90 23.70
Cash Flow per Share 2 1.760 0.6000 2.650 5.270 3.630 3.680
Capex 1 5.79 1.58 0.56 0.12 2.71 0.6
Capex / Sales 12.25% 3.33% 1.11% 0.1% 2.34% 0.57%
Announcement Date 30/04/19 20/04/20 30/04/21 02/05/22 29/04/23 29/04/24
1PLN in Million2PLN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Chiffre d''affaires - Rate of surprise

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