SOCIETATEA ENERGETICA ELECTRICA S.A. Financials Societatea Energetica Electrica S.A. London S.E.
Equities
0QVZ
ROELECACNOR5
Electric Utilities
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.36 RON | +0.02% |
|
-.--% | +5.58% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,616 | 4,261 | 3,409 | 2,747 | 3,898 | 4,767 | - | - |
| Enterprise Value (EV) 1 | 3,337 | 4,314 | 4,465 | 5,798 | 3,898 | 7,757 | 6,472 | 5,405 |
| P/E ratio | 17.5 x | 11 x | - | - | 6.27 x | 9.55 x | 9.49 x | 7.8 x |
| Yield | 6.85% | 5.78% | 4.48% | - | - | 7.34% | 7.55% | 7.26% |
| Capitalization / Revenue | 0.58 x | 0.64 x | 0.46 x | 0.2 x | 0.29 x | 0.43 x | 0.41 x | 0.39 x |
| EV / Revenue | 0.53 x | 0.65 x | 0.61 x | 0.42 x | 0.29 x | 0.7 x | 0.56 x | 0.44 x |
| EV / EBITDA | 4.67 x | 4.54 x | -35.8 x | 4.25 x | 2.25 x | 5.07 x | 4.11 x | 3.26 x |
| EV / FCF | -29.3 x | 6.45 x | -6.22 x | - | - | 12.3 x | 3.96 x | 7.22 x |
| FCF Yield | -3.41% | 15.5% | -16.1% | - | - | 8.15% | 25.2% | 13.9% |
| Price to Book | 0.65 x | 0.74 x | 0.69 x | - | - | 0.75 x | 0.74 x | 0.71 x |
| Nbr of stocks (in thousands) | 3,39,553 | 3,39,553 | 3,39,553 | 3,39,553 | 3,39,553 | 3,39,553 | - | - |
| Reference price 2 | 10.65 | 12.55 | 10.04 | 8.090 | 11.48 | 14.04 | 14.04 | 14.04 |
| Announcement Date | 28/02/20 | 26/02/21 | 25/02/22 | 07/03/23 | 29/02/24 | - | - | - |
1RON in Million2RON
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,280 | 6,667 | 7,375 | 13,840 | 13,334 | 11,016 | 11,620 | 12,284 |
| EBITDA 1 | 714.5 | 950.3 | -124.7 | 1,363 | 1,733 | 1,530 | 1,574 | 1,656 |
| EBIT 1 | 234.2 | 459.4 | -605.5 | 828.9 | 1,011 | 737 | 731 | 775 |
| Operating Margin | 3.73% | 6.89% | -8.21% | 5.99% | 7.58% | 6.69% | 6.29% | 6.31% |
| Earnings before Tax (EBT) 1 | 226 | 442.3 | - | 663.9 | 717.3 | 562 | 610 | 690 |
| Net income 1 | 206.7 | 387.5 | -552.9 | 559 | 620.5 | 474.5 | 516 | 583 |
| Net margin | 3.29% | 5.81% | -7.5% | 4.04% | 4.65% | 4.31% | 4.44% | 4.75% |
| EPS 2 | 0.6100 | 1.140 | - | - | 1.830 | 1.470 | 1.480 | 1.800 |
| Free Cash Flow 1 | -113.8 | 668.6 | -717.5 | - | - | 632.1 | 1,633 | 748.9 |
| FCF margin | -1.81% | 10.03% | -9.73% | - | - | 5.74% | 14.05% | 6.1% |
| FCF Conversion (EBITDA) | - | 70.36% | - | - | - | 41.33% | 103.72% | 45.22% |
| FCF Conversion (Net income) | - | 172.53% | - | - | - | 133.21% | 316.47% | 128.46% |
| Dividend per Share 2 | 0.7300 | 0.7248 | 0.4500 | - | - | 1.030 | 1.060 | 1.020 |
| Announcement Date | 28/02/20 | 26/02/21 | 25/02/22 | 07/03/23 | 29/02/24 | - | - | - |
1RON in Million2RON
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 2,050 | 2,616 | 3,619 | 3,512 | - | 2,349 | 3,443 |
| EBITDA 1 | - | 151.9 | 1,002 | 259.3 | 170 | - | 617 | 479.7 |
| EBIT 1 | - | 27.78 | 879.2 | 96.68 | -6.612 | - | 434 | 298.6 |
| Operating Margin | - | 1.36% | 33.61% | 2.67% | -0.19% | - | 18.48% | 8.67% |
| Earnings before Tax (EBT) 1 | - | -11.98 | 833.4 | 34.94 | -71.05 | - | 358.4 | 221.7 |
| Net income 1 | -157.8 | -17.69 | 709.3 | 25.14 | -66.61 | 172.4 | 313 | 202.1 |
| Net margin | - | -0.86% | 27.11% | 0.69% | -1.9% | - | 13.32% | 5.87% |
| EPS | -0.4600 | - | - | - | - | 0.5000 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 13/05/22 | 17/08/22 | 15/11/22 | 07/03/23 | 15/05/23 | 25/08/23 | 15/11/23 | 29/02/24 |
1RON in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 52.9 | 1,056 | 3,051 | - | 2,990 | 1,705 | 638 |
| Net Cash position 1 | 279 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.0557 x | -8.465 x | 2.238 x | - | 1.955 x | 1.083 x | 0.3853 x |
| Free Cash Flow 1 | -114 | 669 | -718 | - | - | 632 | 1,633 | 749 |
| ROE (net income / shareholders' equity) | 3.68% | 6.83% | -10.3% | 10.8% | 10.9% | 7.9% | 7.8% | 9.1% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 16.50 | 17.00 | 14.60 | - | - | 18.60 | 19.10 | 19.80 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 903 | 647 | 523 | - | 777 | 1,201 | 1,052 | 1,234 |
| Capex / Sales | 14.39% | 9.7% | 7.09% | - | 5.83% | 10.9% | 9.05% | 10.04% |
| Announcement Date | 28/02/20 | 26/02/21 | 25/02/22 | 07/03/23 | 29/02/24 | - | - | - |
1RON in Million2RON
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
14.04
RON
Average target price
13
RON
Spread / Average Target
-7.41%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +20.28% | 15TCr | |
| +12.16% | 8.6TCr | |
| +2.19% | 8.16TCr | |
| +5.48% | 7.9TCr | |
| -5.59% | 6.88TCr | |
| +83.85% | 6.77TCr | |
| 0.00% | 4.66TCr | |
| +8.35% | 4.64TCr | |
| +7.30% | 4.23TCr |
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