Financials Okwind

Equities

ALOKW

FR0013439627

Electric Utilities

Market Closed - Euronext Paris Other stock markets 09:05:28 17/05/2024 pm IST			5-day change	1st Jan Change
19.6 ^EUR	+1.45%		+2.08%	0.00%

23/04	Groupe OKWIND Provides Earnings Guidance for Full Year 2024 and 2026	CI
23/04	Groupe OKwind Société anonyme Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025
Capitalization ¹	110.6	161.9	161.9	-
Enterprise Value (EV) ¹	110.6	161.9	158.2	151.7
P/E ratio	-	22.7 x	14.1 x	9.73 x
Yield	-	-	-	-
Capitalization / Revenue	2.64 x	1.96 x	1.46 x	1.1 x
EV / Revenue	2.64 x	1.96 x	1.42 x	1.03 x
EV / EBITDA	26.3 x	12.6 x	8.64 x	5.79 x
EV / FCF	-	-397 x	35.9 x	22.3 x
FCF Yield	-	-0.25%	2.78%	4.48%
Price to Book	-	4.56 x	3.5 x	-
Nbr of stocks (in thousands)	8,202	8,261	8,261	-
Reference price ²	13.48	19.60	19.60	19.60
Announcement Date	17/04/23	23/04/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	-	41.8	82.5	111.1	146.6
EBITDA ¹	-	4.2	12.9	18.3	26.2
EBIT ¹	-	3.1	10.4	15.65	22.45
Operating Margin	-	7.42%	12.61%	14.09%	15.31%
Earnings before Tax (EBT) ¹	-	-	9.5	15.4	22.8
Net income ¹	1.283	2.2	7.6	11.55	16.6
Net margin	-	5.26%	9.21%	10.4%	11.32%
EPS ²	0.2000	-	0.8650	1.395	2.015
Free Cash Flow ¹	-	-	-0.4	4.4	6.8
FCF margin	-	-	-0.46%	3.96%	4.64%
FCF Conversion (EBITDA)	-	-	-	24.04%	25.95%
FCF Conversion (Net income)	-	-	-	38.1%	40.96%
Dividend per Share	-	-	-	-	-
Announcement Date	01/06/22	17/04/23	23/04/24	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2023 S1	2023 Q4
Net sales ¹	13.5	37.5	32.3
EBITDA	-0.102	4.696	-
EBIT	-	3.824	-
Operating Margin	-	10.2%	-
Earnings before Tax (EBT)	-	-	-
Net income	-	-	-
Net margin	-	-	-
EPS	-	-	-
Dividend per Share	-	-	-
Announcement Date	17/10/22	16/10/23	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-
Net Cash position ¹	-	-	3.2	3.75	10.3
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-	-	-0.4	4.4	6.8
ROE (net income / shareholders' equity)	-	-	19.7%	24%	26.1%
ROA (Net income/ Total Assets)	-	-	-	-	-
Assets ¹	-	-	-	-	-
Book Value Per Share ²	-	-	4.300	5.600	-
Cash Flow per Share ²	-	-	1.000	1.700	2.500
Capex ¹	-	-	4.55	5.15	9.75
Capex / Sales	-	-	5.2%	4.64%	6.65%
Announcement Date	01/06/22	17/04/23	23/04/24	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Okwind

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.32 EUR

Average target price

30.3 EUR

Spread / Average Target

+56.83%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Electric Utilities

	1st Jan change	Capi.
OKWIND	0.00%	173M
NEXTERA ENERGY	+25.27%	157B
SOUTHERN COMPANY	+13.43%	86.8B
IBERDROLA, S.A.	+3.75%	84.53B
DUKE ENERGY CORPORATION	+7.06%	79.37B
ENEL S.P.A.	+1.04%	75.28B
CONSTELLATION ENERGY CORPORATION	+82.32%	68.2B
AMERICAN ELECTRIC POWER COMPANY, INC.	+14.10%	48.78B
GE VERNOVA INC.	0.00%	45.61B
DOMINION ENERGY, INC.	+13.81%	44.68B

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