Financials Hansen Technologies Limited Deutsche Boerse AG

Equities

H2T

AU000000HSN3

Software

Market Closed - Deutsche Boerse AG Other stock markets 11:40:08 28/06/2024 am IST			5-day change	1st Jan Change
2.74 ^EUR	+0.74%		-2.14%	-10.46%

28/06	Hansen Technologies Secures Contract Renewal with European Utility	MT
13/06	Hansen Technologies CEO to Resign July 1; Chief Strategy Officer Appointed	MT

Valuation

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	775.5	576.9	1,241	1,044	1,045	921.9	-	-
Enterprise Value (EV) ¹	923.8	711.9	1,306	1,072	1,046	932.7	903.4	862.6
P/E ratio	36.4 x	22.4 x	21.8 x	25.2 x	24.9 x	31.6 x	24.7 x	17.8 x
Yield	1.53%	2.75%	1.61%	2.31%	1.93%	2.19%	2.25%	2.5%
Capitalization / Revenue	3.33 x	1.91 x	4 x	3.51 x	3.32 x	2.63 x	2.37 x	2.24 x
EV / Revenue	3.97 x	2.36 x	4.21 x	3.61 x	3.32 x	2.66 x	2.32 x	2.1 x
EV / EBITDA	16.5 x	8.31 x	10.9 x	10.7 x	10.5 x	10.1 x	8.88 x	7.34 x
EV / FCF	35.8 x	14.1 x	17.1 x	15.4 x	19.8 x	15.7 x	15.4 x	12.8 x
FCF Yield	2.79%	7.1%	5.83%	6.49%	5.06%	6.36%	6.5%	7.81%
Price to Book	3.11 x	2.28 x	-	-	3.14 x	2.65 x	2.53 x	2.33 x
Nbr of stocks (in thousands)	1,97,325	1,98,232	1,99,846	2,00,806	2,02,221	2,03,051	-	-
Reference price ²	3.930	2.910	6.210	5.200	5.170	4.540	4.540	4.540
Announcement Date	22/08/19	27/08/20	24/08/21	23/08/22	22/08/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	233	301.4	310.3	297.4	315.2	350.8	389.3	411.1
EBITDA ¹	55.84	85.7	120.2	100.3	99.5	92.59	101.7	117.5
EBIT ¹	33.08	43.4	79.28	58.14	55.2	60.52	65.28	80.31
Operating Margin	14.2%	14.4%	25.55%	19.55%	17.51%	17.25%	16.77%	19.54%
Earnings before Tax (EBT) ¹	27.78	29.8	70.13	51.04	54.32	45.85	56.54	70.78
Net income ¹	21.46	25.8	57.34	41.94	42.8	30.13	38.91	52.91
Net margin	9.21%	8.56%	18.48%	14.1%	13.58%	8.59%	10%	12.87%
EPS ²	0.1080	0.1300	0.2850	0.2060	0.2080	0.1439	0.1838	0.2553
Free Cash Flow ¹	25.78	50.57	76.2	69.61	52.92	59.3	58.75	67.4
FCF margin	11.07%	16.78%	24.56%	23.41%	16.79%	16.91%	15.09%	16.4%
FCF Conversion (EBITDA)	46.17%	59%	63.41%	69.44%	53.19%	64.04%	57.78%	57.38%
FCF Conversion (Net income)	120.09%	196%	132.91%	165.98%	123.67%	196.82%	150.99%	127.39%
Dividend per Share ²	0.0600	0.0800	0.1000	0.1200	0.1000	0.0993	0.1021	0.1136
Announcement Date	22/08/19	27/08/20	24/08/21	23/08/22	22/08/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2020 S1	2020 S2	2021 S1	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2
Net sales ¹	145.5	157	143.1	148.9	148.5	149.1	165.6	167.7	184.3	190.9	205.5	207.4	211.5
EBITDA ¹	-	-	51.4	-	-	45	54.46	52.1	45.6	42.5	58.4	59.5	60.7
EBIT ¹	-	-	34.82	-	-	-	32.08	28.9	29.2	31.98	38.51	-	-
Operating Margin	-	-	24.33%	-	-	-	19.38%	17.23%	15.84%	16.76%	18.74%	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	20.27	23.36	-	-	-	-	-	-	-	-	-
Net margin	-	-	14.16%	15.69%	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	0.0500	-	0.0500	-	-	-	-	-
Announcement Date	27/02/20	27/08/20	25/02/21	20/02/22	23/08/22	21/02/23	22/08/23	20/02/24	-	-	-	-	-

¹AUD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	148	135	65.4	28.3	0.03	10.8	-	-
Net Cash position ¹	-	-	-	-	-	-	18.5	59.2
Leverage (Debt/EBITDA)	2.655 x	1.575 x	0.544 x	0.2821 x	0.000302 x	0.1171 x	-	-
Free Cash Flow ¹	25.8	50.6	76.2	69.6	52.9	59.3	58.8	67.4
ROE (net income / shareholders' equity)	10%	18.7%	27%	19.3%	17.1%	13.5%	14.4%	16.3%
ROA (Net income/ Total Assets)	5.49%	8.58%	13.2%	10.7%	10.6%	8.32%	9.33%	11.1%
Assets ¹	391	300.8	434	393.7	403.1	362	417	475.4
Book Value Per Share ²	1.260	1.270	-	-	1.650	1.710	1.790	1.950
Cash Flow per Share ²	0.2000	0.3500	0.4600	0.4500	0.3800	0.3400	0.4100	0.4600
Capex ¹	13.9	19.1	17	21.6	25.9	21.8	35.2	30.7
Capex / Sales	5.95%	6.32%	5.48%	7.27%	8.22%	6.22%	9.03%	7.47%
Announcement Date	22/08/19	27/08/20	24/08/21	23/08/22	22/08/23	-	-	-

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Hansen Technologies Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4.54 AUD

Average target price

5.842 AUD

Spread / Average Target

+28.68%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

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Application Software