Financials Metro AG

Equities

B4B

DE000BFB0019

Food Retail & Distribution

Market Closed - Xetra 09:05:07 21/06/2024 pm IST 5-day change 1st Jan Change
4.405 EUR -0.90% Intraday chart for Metro AG +1.85% -30.19%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,253 3,095 4,082 2,600 2,372 1,603 - -
Enterprise Value (EV) 1 8,729 7,500 7,548 5,881 5,423 4,507 4,492 4,432
P/E ratio 10.1 x -21.3 x -74.9 x -7.78 x 5.4 x 27 x 14.4 x 9.55 x
Yield 4.83% 8.22% - - 8.42% 1.11% 3.05% 4.84%
Capitalization / Revenue 0.18 x 0.12 x 0.16 x 0.09 x 0.08 x 0.05 x 0.05 x 0.05 x
EV / Revenue 0.29 x 0.29 x 0.3 x 0.2 x 0.18 x 0.15 x 0.14 x 0.13 x
EV / EBITDA 5.59 x 6.48 x 6.45 x 4.23 x 4.62 x 3.9 x 3.61 x 3.33 x
EV / FCF 12.6 x 8.81 x 7.17 x 8.8 x 31.5 x 23.2 x 47.5 x 23.9 x
FCF Yield 7.96% 11.3% 14% 11.4% 3.17% 4.31% 2.11% 4.18%
Price to Book 1.92 x 1.51 x 2.19 x 1.09 x 1.18 x 0.83 x 0.81 x 0.78 x
Nbr of stocks (in thousands) 3,63,097 3,63,097 3,63,097 3,63,097 3,63,097 3,63,097 - -
Reference price 2 14.48 8.520 11.24 7.160 6.530 4.405 4.405 4.405
Announcement Date 12/12/19 15/12/20 16/12/21 15/12/22 13/12/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 29,928 25,632 24,765 29,754 30,551 31,079 32,201 33,051
EBITDA 1 1,561 1,158 1,171 1,389 1,174 1,156 1,245 1,332
EBIT 1 985 302 197 429 598 267.3 338.9 417.9
Operating Margin 3.29% 1.18% 0.8% 1.44% 1.96% 0.86% 1.05% 1.26%
Earnings before Tax (EBT) 1 874 -32 40 -134 609 109.2 180.7 271.4
Net income 1 523 -146 -56 -334 439 62.56 110 170.5
Net margin 1.75% -0.57% -0.23% -1.12% 1.44% 0.2% 0.34% 0.52%
EPS 2 1.440 -0.4000 -0.1500 -0.9200 1.210 0.1629 0.3053 0.4612
Free Cash Flow 1 695 851 1,053 668 172 194 94.6 185.3
FCF margin 2.32% 3.32% 4.25% 2.25% 0.56% 0.62% 0.29% 0.56%
FCF Conversion (EBITDA) 44.52% 73.49% 89.92% 48.09% 14.65% 16.78% 7.6% 13.91%
FCF Conversion (Net income) 132.89% - - - 39.18% 310.17% 85.97% 108.71%
Dividend per Share 2 0.7000 0.7000 - - 0.5500 0.0488 0.1345 0.2133
Announcement Date 12/12/19 15/12/20 16/12/21 15/12/22 13/12/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Settembre 2020 S1 2021 S1 2022 Q1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1
Net sales 1 13,555 11,388 7,604 7,911 7,993 8,107 6,897 15,004 7,642 7,904 8,115 6,898 15,013
EBITDA 1 659 490 521 441 270 465 111 577 332 266 404 73 478
EBIT 184 - - - - 256 - - 126 - - - -
Operating Margin 1.36% - - - - 3.16% - - 1.65% - - - -
Earnings before Tax (EBT) - - - - - - - - 201 - - - -
Net income - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - -
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 06/05/20 05/05/21 10/02/22 10/08/22 15/12/22 08/02/23 11/05/23 11/05/23 11/08/23 13/12/23 06/02/24 07/05/24 07/05/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: Settembre 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,476 4,405 3,466 3,281 3,051 2,904 2,889 2,829
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.227 x 3.804 x 2.96 x 2.362 x 2.599 x 2.512 x 2.32 x 2.123 x
Free Cash Flow 1 695 851 1,053 668 172 194 94.6 185
ROE (net income / shareholders' equity) 17.8% -6.69% -2.88% -15.9% 20.2% 1.71% 5.03% 7.96%
ROA (Net income/ Total Assets) 3.52% - -0.43% -2.6% 3.53% 0.39% 1.03% 1.9%
Assets 1 14,851 - 12,996 12,836 12,425 15,960 10,636 8,973
Book Value Per Share 2 7.530 5.620 5.130 6.570 5.540 5.290 5.460 5.660
Cash Flow per Share 2 2.620 2.910 3.310 2.560 1.990 2.640 3.070 3.240
Capex 1 258 211 330 414 549 634 541 536
Capex / Sales 0.86% 0.82% 1.33% 1.39% 1.8% 2.04% 1.68% 1.62%
Announcement Date 12/12/19 15/12/20 16/12/21 15/12/22 13/12/23 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
4.405 EUR
Average target price
5.932 EUR
Spread / Average Target
+34.67%
Consensus

Quarterly revenue - Rate of surprise