PATRIZIA SE |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.96 EUR | +1.27% |
|
-1.49% | -2.93% |
| 05/04 | PATRIZIA SE agreed to acquire a 28.33% stake in Greenthesis S.p.A. from Planesys S.P.A. for approximately ?100 million. | CI |
| 11/03 | Dividend surprise drives LEG upwards | DP |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,808 | 2,354 | 1,824 | 906.1 | 703.5 | 686 | - | - |
| Enterprise Value (EV) 1 | 1,567 | 2,021 | 1,906 | 806.3 | 685.9 | 565.9 | 572.2 | 686 |
| P/E ratio | 34.2 x | 62.5 x | 38 x | 130 x | 117 x | 60.8 x | 33.7 x | - |
| Yield | 1.46% | 1.14% | 1.56% | 3.19% | 4.15% | 3.64% | 3.97% | 4.4% |
| Capitalization / Revenue | 4.54 x | 7.8 x | 5.73 x | 2.62 x | 2.41 x | 2.25 x | 2.14 x | 2.37 x |
| EV / Revenue | 3.93 x | 6.7 x | 5.99 x | 2.33 x | 2.35 x | 1.85 x | 1.78 x | 2.37 x |
| EV / EBITDA | 11.4 x | 17.5 x | 14.8 x | 10.2 x | 12.7 x | 9.98 x | 8.2 x | 10.6 x |
| EV / FCF | 32.4 x | 29.3 x | 86 x | 18.3 x | 11.3 x | 39.7 x | 25.1 x | - |
| FCF Yield | 3.09% | 3.41% | 1.16% | 5.46% | 8.88% | 2.52% | 3.99% | - |
| Price to Book | 1.5 x | 1.85 x | 1.42 x | 0.71 x | 0.61 x | 0.54 x | 0.54 x | 0.5 x |
| Nbr of stocks (in thousands) | 91,060 | 89,683 | 88,977 | 87,464 | 85,792 | 86,180 | - | - |
| Reference price 2 | 19.86 | 26.25 | 20.50 | 10.36 | 8.200 | 7.960 | 7.960 | 7.960 |
| Announcement Date | 18/03/20 | 01/03/21 | 24/02/22 | 27/02/23 | 28/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 398.7 | 301.7 | 318.2 | 346.3 | 292.4 | 305.3 | 320.9 | 289 |
| EBITDA 1 | 136.9 | 115.7 | 128.9 | 78.9 | 54.1 | 56.71 | 69.82 | 65 |
| EBIT 1 | 134.5 | 73.38 | 93.3 | 35.6 | 5.1 | 23.41 | 36.78 | 40 |
| Operating Margin | 33.73% | 24.32% | 29.32% | 10.28% | 1.74% | 7.67% | 11.46% | 13.84% |
| Earnings before Tax (EBT) 1 | 77.41 | 62.05 | 87.7 | 20.8 | 0.3 | 17.11 | 30.19 | - |
| Net income 1 | 52.87 | 37.7 | 47.9 | 7.284 | 5.8 | 11.4 | 20.23 | - |
| Net margin | 13.26% | 12.5% | 15.05% | 2.1% | 1.98% | 3.73% | 6.3% | - |
| EPS 2 | 0.5800 | 0.4200 | 0.5400 | 0.0800 | 0.0700 | 0.1310 | 0.2361 | - |
| Free Cash Flow 1 | 48.36 | 68.95 | 22.18 | 44.06 | 60.94 | 14.27 | 22.83 | - |
| FCF margin | 12.13% | 22.85% | 6.97% | 12.72% | 20.84% | 4.67% | 7.12% | - |
| FCF Conversion (EBITDA) | 35.32% | 59.6% | 17.2% | 55.84% | 112.64% | 25.16% | 32.7% | - |
| FCF Conversion (Net income) | 91.47% | 182.87% | 46.3% | 604.89% | 1,050.62% | 125.12% | 112.89% | - |
| Dividend per Share 2 | 0.2900 | 0.3000 | 0.3200 | 0.3300 | 0.3400 | 0.2900 | 0.3160 | 0.3500 |
| Announcement Date | 18/03/20 | 01/03/21 | 24/02/22 | 27/02/23 | 28/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 148.2 | - | - | - | - | 85.41 | 62.86 | 67.94 | 76.57 | 85.06 |
| EBITDA 1 | 72.51 | - | - | 26.41 | 28.12 | 24.31 | 27.32 | 1.299 | 21.81 | 3.93 |
| EBIT | 74.06 | 57.4 | - | - | - | 17.01 | - | -5.917 | - | - |
| Operating Margin | 49.99% | - | - | - | - | 19.92% | - | -8.71% | - | - |
| Earnings before Tax (EBT) | 46.08 | - | - | - | - | 15.69 | 20.56 | - | 15.76 | - |
| Net income | 31.61 | - | 13.16 | - | - | - | - | - | 8.623 | - |
| Net margin | 21.34% | - | - | - | - | - | - | - | 11.26% | - |
| EPS 2 | 0.3500 | - | 0.1500 | 0.1300 | - | 0.1300 | 0.1500 | -0.0700 | 0.1000 | -0.1000 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 05/08/20 | 04/08/21 | 11/11/21 | 11/05/22 | 18/08/22 | 09/11/22 | 15/05/23 | 10/08/23 | 14/11/23 | 28/02/24 |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 82.5 | - | - | - | - | - |
| Net Cash position 1 | 242 | 333 | - | 99.8 | 17.6 | 120 | 114 | - |
| Leverage (Debt/EBITDA) | - | - | 0.6396 x | - | - | - | - | - |
| Free Cash Flow 1 | 48.4 | 68.9 | 22.2 | 44.1 | 60.9 | 14.3 | 22.8 | - |
| ROE (net income / shareholders' equity) | 4.99% | 3.09% | 3.8% | 0.55% | 0.48% | 0.86% | 1.71% | - |
| ROA (Net income/ Total Assets) | 3.12% | 1.91% | 2.38% | 0.35% | 0.29% | 0.69% | 1.17% | - |
| Assets 1 | 1,697 | 1,975 | 2,012 | 2,054 | 2,000 | 1,658 | 1,724 | - |
| Book Value Per Share 2 | 13.20 | 14.20 | 14.50 | 14.60 | 13.50 | 14.80 | 14.70 | 15.80 |
| Cash Flow per Share 2 | - | - | 0.3300 | 1.400 | 0.8600 | 0.7300 | 0.7200 | - |
| Capex 1 | 8.26 | 13.9 | 7.16 | 5.82 | 8.1 | 7.16 | 7.16 | 3 |
| Capex / Sales | 2.07% | 4.61% | 2.25% | 1.68% | 2.77% | 2.35% | 2.23% | 1.04% |
| Announcement Date | 18/03/20 | 01/03/21 | 24/02/22 | 27/02/23 | 28/02/24 | - | - | - |
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-
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
7.96
EUR
Average target price
10.68
EUR
Spread / Average Target
+34.17%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.93% | 732M | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
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- Financials PATRIZIA SE
