Financials M&C Saatchi plc Deutsche Boerse AG

Equities

Delayed Deutsche Boerse AG Other stock markets 11:38:03 04/07/2024 am IST			5-day change	1st Jan Change
2.28 ^EUR	+0.88%		-0.88%	+24.86%

21/06	M&C Saatchi Recruits New Finance Chief	MT
21/06	M&C Saatchi appoints former Reach finance head Simon Fuller as CFO	AN

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	115.5	96.5	206	184.6	195.6	238.4	-	-
Enterprise Value (EV) ¹	153.6	63.5	171.6	154.3	195.6	250.4	231.6	208.7
P/E ratio	-	-9.72 x	-	2,157 x	-55.4 x	16.9 x	10.7 x	9.22 x
Yield	1.98%	-	-	0.99%	-	1.08%	1.25%	1.4%
Capitalization / Revenue	0.45 x	0.43 x	0.83 x	0.68 x	0.77 x	0.96 x	0.92 x	0.87 x
EV / Revenue	0.6 x	0.28 x	0.69 x	0.57 x	0.77 x	1 x	0.89 x	0.76 x
EV / EBITDA	-	2.6 x	4.2 x	3.42 x	4.71 x	5.44 x	4.53 x	4.09 x
EV / FCF	-	2.12 x	10.5 x	9.14 x	-	10.7 x	10.3 x	8.56 x
FCF Yield	-	47.2%	9.51%	10.9%	-	9.36%	9.71%	11.7%
Price to Book	-	-	-	-	-	6.9 x	4.11 x	2.82 x
Nbr of stocks (in thousands)	93,111	1,15,431	1,22,257	1,22,257	1,22,257	1,22,257	-	-
Reference price ²	1.240	0.8360	1.685	1.510	1.600	1.950	1.950	1.950
Announcement Date	30/09/20	30/06/21	29/04/22	18/04/23	10/04/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	256.4	225.4	249.3	271.1	252.8	249.6	260.3	273.4
EBITDA ¹	-	24.41	40.82	45.17	41.54	46.01	51.08	50.99
EBIT ¹	-	12	31.1	35.39	32.44	37.15	42.27	41.9
Operating Margin	-	5.32%	12.47%	13.05%	12.83%	14.89%	16.24%	15.32%
Earnings before Tax (EBT) ¹	-	-8.5	-	5.423	0.715	22.38	32.88	37.9
Net income ¹	-	-7.7	-	0.09	-3.529	14.64	23.16	26.99
Net margin	-	-3.42%	-	0.03%	-1.4%	5.87%	8.9%	9.87%
EPS ²	-	-0.0860	-	0.000700	-0.0289	0.1157	0.1820	0.2116
Free Cash Flow ¹	-	30	16.32	16.89	-	23.44	22.48	24.4
FCF margin	-	13.31%	6.55%	6.23%	-	9.39%	8.64%	8.92%
FCF Conversion (EBITDA)	-	122.9%	39.99%	37.4%	-	50.95%	44.02%	47.85%
FCF Conversion (Net income)	-	-	-	18,770%	-	160.08%	97.07%	90.39%
Dividend per Share ²	0.0245	-	-	0.0150	-	0.0211	0.0243	0.0273
Announcement Date	30/09/20	30/06/21	29/04/22	18/04/23	10/04/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	38.2	-	-	-	-	11.9	-	-
Net Cash position ¹	-	33	34.4	30.3	-	-	6.81	29.7
Leverage (Debt/EBITDA)	-	-	-	-	-	0.2597 x	-	-
Free Cash Flow ¹	-	30	16.3	16.9	-	23.4	22.5	24.4
ROE (net income / shareholders' equity)	-	-	-	51.4%	-	39.2%	50.2%	38.8%
ROA (Net income/ Total Assets)	-	-	-	-	-	4.81%	8.04%	8.5%
Assets ¹	-	-	-	-	-	304.4	287.9	317.7
Book Value Per Share ²	-	-	-	-	-	0.2800	0.4700	0.6900
Cash Flow per Share ²	0	0.3800	0.1400	-	-	0.1800	0.2200	0.2400
Capex ¹	-	3.7	2.63	5.58	-	2.75	2.85	3.25
Capex / Sales	-	1.64%	1.05%	2.06%	-	1.1%	1.09%	1.19%
Announcement Date	30/09/20	30/06/21	29/04/22	18/04/23	10/04/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.95 GBP

Average target price

2.29 GBP

Spread / Average Target

+17.44%

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