Financials Safran

Equities

SAF

FR0000073272

Aerospace & Defense

Market Closed - Euronext Paris 09:07:10 19/07/2024 pm IST 5-day change 1st Jan Change
197.7 EUR -0.73% Intraday chart for Safran -3.47% +23.98%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 54,434 49,496 45,891 49,905 66,985 81,754 - -
Enterprise Value (EV) 1 58,548 52,288 47,435 49,891 66,611 79,934 78,981 76,592
P/E ratio 24.4 x 145 x 1,077 x -20.3 x 19.8 x 29.4 x 24 x 20.7 x
Yield 1.73% 0.37% 0.46% 1.15% 0.85% 1.48% 1.79% 2.1%
Capitalization / Revenue 2.21 x 3 x 3.01 x 2.62 x 2.89 x 3 x 2.61 x 2.38 x
EV / Revenue 2.38 x 3.17 x 3.11 x 2.62 x 2.87 x 2.94 x 2.52 x 2.23 x
EV / EBITDA 10.8 x 21.1 x 17.1 x 13.6 x 14.5 x 14.8 x 12.6 x 10.7 x
EV / FCF 23.9 x 36.9 x 28.2 x 18.7 x 22.6 x 26.7 x 22.9 x 19.6 x
FCF Yield 4.18% 2.71% 3.54% 5.34% 4.42% 3.75% 4.37% 5.09%
Price to Book 4.73 x 4.01 x 3.58 x 4.77 x 5.94 x 6.13 x 5.28 x 4.53 x
Nbr of stocks (in thousands) 3,95,451 4,26,872 4,26,262 4,26,828 4,20,073 4,13,527 - -
Reference price 2 137.6 116.0 107.7 116.9 159.5 197.7 197.7 197.7
Announcement Date 27/02/20 25/02/21 24/02/22 17/02/23 15/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 24,640 16,498 15,257 19,035 23,199 27,211 31,351 34,358
EBITDA 1 5,409 2,476 2,778 3,667 4,599 5,397 6,278 7,136
EBIT 1 3,820 1,686 1,805 2,408 3,166 4,105 4,914 5,653
Operating Margin 15.5% 10.22% 11.83% 12.65% 13.65% 15.09% 15.67% 16.45%
Earnings before Tax (EBT) 1 3,474 570 268 -3,120 4,756 3,969 4,794 5,418
Net income 1 2,447 352 43 -2,459 3,444 2,788 3,390 3,954
Net margin 9.93% 2.13% 0.28% -12.92% 14.85% 10.25% 10.81% 11.51%
EPS 2 5.630 0.8000 0.1000 -5.760 8.070 6.726 8.229 9.553
Free Cash Flow 1 2,450 1,417 1,680 2,666 2,945 2,994 3,451 3,901
FCF margin 9.94% 8.59% 11.01% 14.01% 12.69% 11% 11.01% 11.35%
FCF Conversion (EBITDA) 45.29% 57.23% 60.48% 72.7% 64.04% 55.48% 54.97% 54.67%
FCF Conversion (Net income) 100.12% 402.56% 3,906.98% - 85.51% 107.38% 101.82% 98.67%
Dividend per Share 2 2.380 0.4300 0.5000 1.350 1.350 2.933 3.547 4.157
Announcement Date 27/02/20 25/02/21 24/02/22 17/02/23 15/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 S2
Net sales 1 12,538 8,767 7,731 6,876 3,734 4,647 8,381 4,071 4,489 8,560 4,849 5,626 10,475 5,266 5,679 10,945 5,937 12,254 6,220 6,623 12,798 14,339
EBITDA - - - - - - - - - - - - - - - 2,149 - 2,450 - - 2,494 2,886
EBIT 1,937 947 - 659 - - 1,146 - - 1,047 - - 1,361 - - 1,397 - 1,769 - - 1,855 2,209
Operating Margin 15.45% 10.8% - 9.58% - - 13.67% - - 12.23% - - 12.99% - - 12.76% - 14.44% - - 14.5% 15.4%
Earnings before Tax (EBT) 1,459 -532 1,102 - - - -692 - - -5,030 - - 1,910 - - - - - - - - -
Net income 1,015 -340 692 674 - - -631 - - -3,762 - - 1,303 - - - - - - - - -
Net margin 8.1% -3.88% 8.95% 9.8% - - -7.53% - - -43.95% - - 12.44% - - - - - - - - -
EPS - -0.8000 - - - - - - - -8.810 - - - - - 4.290 - 3.780 - - 2.719 3.379
Dividend per Share - - - - - - 0.5000 - - - - - 1.350 - - - - - - - - -
Announcement Date 27/02/20 30/07/20 25/02/21 28/07/21 31/10/21 24/02/22 24/02/22 29/04/22 28/07/22 28/07/22 28/10/22 17/02/23 17/02/23 26/04/23 27/07/23 27/07/23 27/10/23 15/02/24 26/04/24 - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,114 2,792 1,544 - - - - -
Net Cash position 1 - - - 14 374 1,820 2,773 5,163
Leverage (Debt/EBITDA) 0.7606 x 1.128 x 0.5558 x - - - - -
Free Cash Flow 1 2,450 1,417 1,680 2,666 2,945 2,994 3,451 3,901
ROE (net income / shareholders' equity) 21.9% 6.83% 6.03% 10.1% 18.4% 23.6% 24.6% 24.9%
ROA (Net income/ Total Assets) 6.39% 2.05% 1.87% 2.66% 4.17% 5.67% 6.36% 6.87%
Assets 1 38,302 17,171 2,298 -92,415 82,610 49,160 53,289 57,589
Book Value Per Share 2 29.10 28.90 30.10 24.50 26.80 32.20 37.40 43.70
Cash Flow per Share 2 7.230 4.240 5.540 8.050 9.900 10.30 11.70 12.80
Capex 1 1,162 449 387 498 823 1,347 1,503 1,604
Capex / Sales 4.72% 2.72% 2.54% 2.62% 3.55% 4.95% 4.79% 4.67%
Announcement Date 27/02/20 25/02/21 24/02/22 17/02/23 15/02/24 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
197.7 EUR
Average target price
218.1 EUR
Spread / Average Target
+10.32%
Consensus