Financials Novem Group S.A. Deutsche Boerse AG

Equities

NVM

LU2356314745

Auto, Truck & Motorcycle Parts

Real-time Estimate Tradegate Other stock markets 02:47:52 02/05/2024 pm IST			5-day change	1st Jan Change
6.01 ^EUR	+1.86%		-1.03%	-17.05%

15/02	Transcript : Novem Group S.A., Q3 2024 Earnings Call, Feb 15, 2024
15/02	Novem Group S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	CI

Valuation

Fiscal Period: März	2022	2023	2024	2025	2026
Capitalization ¹	445.4	421.7	250.4	-	-
Enterprise Value (EV) ¹	577.5	505.6	351	315.3	275.5
P/E ratio	10.1 x	8.45 x	6.19 x	4.13 x	3.87 x
Yield	3.86%	4.08%	10.5%	9.17%	10.5%
Capitalization / Revenue	0.72 x	0.6 x	0.37 x	0.35 x	0.34 x
EV / Revenue	0.94 x	0.72 x	0.52 x	0.44 x	0.37 x
EV / EBITDA	5.56 x	4.47 x	3.46 x	2.49 x	2.08 x
EV / FCF	9.31 x	6.29 x	5.4 x	5.61 x	4.6 x
FCF Yield	10.7%	15.9%	18.5%	17.8%	21.7%
Price to Book	6.58 x	3.93 x	1.82 x	2.15 x	1.93 x
Nbr of stocks (in thousands)	43,030	43,030	43,030	-	-
Reference price ²	10.35	9.800	5.820	5.820	5.820
Announcement Date	02/06/22	01/06/23	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März	2021	2022	2023	2024	2025	2026
Net sales ¹	602.7	614.5	700.3	677	713.8	737.8
EBITDA ¹	-	103.8	113	101.5	126.7	132.7
EBIT ¹	-	80.9	81.7	68.4	92.92	98.85
Operating Margin	-	13.17%	11.67%	10.1%	13.02%	13.4%
Earnings before Tax (EBT) ¹	-	50.5	70.9	54.6	86.83	93.33
Net income ¹	9.735	44	50	40.47	60.28	64.68
Net margin	1.62%	7.16%	7.14%	5.98%	8.44%	8.77%
EPS ²	-	1.020	1.160	0.9400	1.408	1.505
Free Cash Flow ¹	-	62	80.4	65	56.25	59.85
FCF margin	-	10.09%	11.48%	9.6%	7.88%	8.11%
FCF Conversion (EBITDA)	-	59.73%	71.15%	64.04%	44.4%	45.09%
FCF Conversion (Net income)	-	140.91%	160.8%	160.63%	93.32%	92.54%
Dividend per Share ²	-	0.4000	0.4000	0.6133	0.5336	0.6097
Announcement Date	15/07/21	02/06/22	01/06/23	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März	2022 Q2	2023 Q1	2023 Q2	2023 Q3	2024 Q1
Net sales ¹	139.2	-	177.4	166.9	181.9
EBITDA	-	-	-	-	-
EBIT ¹	12.4	-	20.1	19	21.4
Operating Margin	8.91%	-	11.33%	11.38%	11.76%
Earnings before Tax (EBT)	-	-	-	-	-
Net income	-	8.5	-	-	-
Net margin	-	-	-	-	-
EPS	-	-	-	-	-
Dividend per Share	-	-	-	-	-
Announcement Date	16/12/21	18/08/22	30/11/22	16/02/23	17/08/23

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: März	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	132	83.9	101	64.9	25.1
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	1.273 x	0.7425 x	0.9912 x	0.512 x	0.1889 x
Free Cash Flow ¹	-	62	80.4	65	56.3	59.9
ROE (net income / shareholders' equity)	-	-	57.2%	40%	38.3%	35.1%
ROA (Net income/ Total Assets)	-	8.33%	8.27%	6.54%	7.77%	8.72%
Assets ¹	-	528.3	604.9	618.4	776.1	742
Book Value Per Share ²	-	1.570	2.490	3.190	2.710	3.020
Cash Flow per Share ²	-	1.870	2.290	2.320	-	-
Capex ¹	-	18.5	17.9	15.5	22.7	25.8
Capex / Sales	-	3.01%	2.56%	2.29%	3.18%	3.49%
Announcement Date	15/07/21	02/06/22	01/06/23	-	-	-

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

Ratings for Novem Group S.A.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.82 EUR

Average target price

14.68 EUR

Spread / Average Target

+152.15%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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Automotive Accessories