Financials Ifirma SA

Equities

IFI

PLPWRMD00011

Software

Market Closed - Warsaw S.E. Other stock markets 09:25:40 13/05/2024 pm IST			5-day change	1st Jan Change
22.7 ^PLN	-0.44%		+1.34%	-34.96%

29/04	Ifirma SA Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
12/02	Ifirma SA Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	122.9	223.4	145.3	-	-
Enterprise Value (EV) ¹	122.9	223.4	128.5	128	126.5
P/E ratio	-	-	-	-	-
Yield	-	-	5.37%	6.21%	5.95%
Capitalization / Revenue	2.85 x	4.36 x	2.45 x	2.17 x	1.96 x
EV / Revenue	2.85 x	4.36 x	2.16 x	1.91 x	1.71 x
EV / EBITDA	-	-	13.7 x	11.7 x	10.7 x
EV / FCF	-	-	16.1 x	14.5 x	13.3 x
FCF Yield	-	-	6.23%	6.88%	7.51%
Price to Book	-	-	11.3 x	11.3 x	10.5 x
Nbr of stocks (in thousands)	6,400	6,400	6,400	-	-
Reference price ²	19.20	34.90	22.70	22.70	22.70
Announcement Date	17/02/23	12/02/24	-	-	-

¹PLN in Million²PLN

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	43.05	51.28	59.4	66.9	74
EBITDA ¹	-	-	9.4	10.9	11.8
EBIT ¹	-	-	8.9	10.4	11.3
Operating Margin	-	-	14.98%	15.55%	15.27%
Earnings before Tax (EBT)	-	-	-	-	-
Net income	7.461	-	-	-	-
Net margin	17.33%	-	-	-	-
EPS	-	-	-	-	-
Free Cash Flow ¹	-	-	8	8.8	9.5
FCF margin	-	-	13.47%	13.15%	12.84%
FCF Conversion (EBITDA)	-	-	85.11%	80.73%	80.51%
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	-	1.220	1.410	1.350
Announcement Date	17/02/23	12/02/24	-	-	-

¹PLN in Million²PLN

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 S1	2023 Q3
Net sales ¹	-	12.34
EBITDA ¹	-	1.782
EBIT ¹	-	1.632
Operating Margin	-	13.22%
Earnings before Tax (EBT)	-	-
Net income	4.932	-
Net margin	-	-
EPS	1.410	-
Dividend per Share	-	-
Announcement Date	08/09/23	08/11/23

¹PLN in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-
Net Cash position ¹	-	-	16.8	17.3	18.8
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-	-	8	8.8	9.5
ROE (net income / shareholders' equity)	-	-	60.7%	70.2%	69.5%
ROA (Net income/ Total Assets)	-	-	31.9%	34.9%	34%
Assets	-	-	-	-	-
Book Value Per Share ²	-	-	2.010	2.010	2.160
Cash Flow per Share	-	-	-	-	-
Capex ¹	-	-	0.3	0.5	0.5
Capex / Sales	-	-	0.51%	0.75%	0.68%
Announcement Date	17/02/23	12/02/24	-	-	-

¹PLN in Million²PLN

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Ifirma SA

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

22.7 PLN

Average target price

21.4 PLN

Spread / Average Target

-5.73%

Consensus

Chiffre d''affaires - Rate of surprise

Company calendar

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