Delayed
CINNOBER BOAT
|
5-day change
|
1st Jan Change
|
- USD
|
-.--%
|
|
-.--%
|
-.--%
|
Fiscal Period: March |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
2027
|
---|
Capitalization
1 |
11,365
|
12,639
|
15,768
|
10,635
|
14,267
|
15,478
|
-
|
-
|
Enterprise Value (EV)
1 |
13,323
|
15,289
|
17,613
|
19,647
|
22,025
|
22,761
|
22,207
|
21,003
|
P/E ratio
|
3.13
x
|
23.6
x
|
19.2
x
|
7.7
x
|
23.3
x
|
17.3
x
|
13.9
x
|
13.1
x
|
Yield
|
65.5%
|
2.3%
|
1.85%
|
3%
|
2.23%
|
2.01%
|
2.01%
|
2.02%
|
Capitalization / Revenue
|
4.56
x
|
4.95
x
|
5.64
x
|
3.19
x
|
3.74
x
|
3.98
x
|
3.85
x
|
3.74
x
|
EV / Revenue
|
5.35
x
|
5.99
x
|
6.3
x
|
5.89
x
|
5.78
x
|
5.85
x
|
5.52
x
|
5.08
x
|
EV / EBITDA
|
10.8
x
|
10.8
x
|
10.9
x
|
9.08
x
|
9.81
x
|
9.65
x
|
9.08
x
|
8.43
x
|
EV / FCF
|
-14
x
|
21.8
x
|
18.2
x
|
26.2
x
|
10.8
x
|
21.6
x
|
18.7
x
|
13.3
x
|
FCF Yield
|
-7.13%
|
4.58%
|
5.5%
|
3.82%
|
9.28%
|
4.64%
|
5.35%
|
7.52%
|
Price to Book
|
1,213
x
|
-26.1
x
|
-169
x
|
4.83
x
|
-
|
6
x
|
4.74
x
|
3.81
x
|
Nbr of stocks (in thousands)
|
6,00,384
|
5,81,901
|
5,82,274
|
6,39,129
|
6,36,910
|
6,26,146
|
-
|
-
|
Reference price
2 |
18.93
|
21.72
|
27.08
|
16.64
|
22.40
|
24.72
|
24.72
|
24.72
|
Announcement Date
|
14/05/20
|
10/05/21
|
05/05/22
|
11/05/23
|
09/05/24
|
-
|
-
|
-
|
Fiscal Period: March |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
2027
|
---|
Net sales
1 |
2,490
|
2,551
|
2,796
|
3,338
|
3,812
|
3,893
|
4,021
|
4,136
|
EBITDA
1 |
1,230
|
1,421
|
1,620
|
2,164
|
2,244
|
2,359
|
2,447
|
2,492
|
EBIT
1 |
869
|
1,271
|
1,480
|
1,835
|
2,221
|
2,330
|
2,433
|
2,466
|
Operating Margin
|
34.9%
|
49.82%
|
52.93%
|
54.97%
|
58.26%
|
59.84%
|
60.5%
|
59.63%
|
Earnings before Tax (EBT)
|
819
|
872
|
1,042
|
804
|
459
|
-
|
-
|
2,066
|
Net income
1 |
3,887
|
554
|
836
|
1,349
|
616
|
1,049
|
1,259
|
1,177
|
Net margin
|
156.1%
|
21.72%
|
29.9%
|
40.41%
|
16.16%
|
26.95%
|
31.31%
|
28.46%
|
EPS
2 |
6.050
|
0.9200
|
1.410
|
2.160
|
0.9600
|
1.427
|
1.773
|
1.880
|
Free Cash Flow
1 |
-950
|
700
|
968
|
751
|
2,044
|
1,056
|
1,188
|
1,579
|
FCF margin
|
-38.15%
|
27.44%
|
34.62%
|
22.5%
|
53.62%
|
27.12%
|
29.55%
|
38.18%
|
FCF Conversion (EBITDA)
|
-
|
49.26%
|
59.75%
|
34.7%
|
91.09%
|
44.75%
|
48.56%
|
63.37%
|
FCF Conversion (Net income)
|
-
|
126.35%
|
115.79%
|
55.67%
|
331.82%
|
100.62%
|
94.37%
|
134.15%
|
Dividend per Share
2 |
12.40
|
0.5000
|
0.5000
|
0.5000
|
0.5000
|
0.4966
|
0.4966
|
0.5000
|
Announcement Date
|
14/05/20
|
10/05/21
|
05/05/22
|
11/05/23
|
09/05/24
|
-
|
-
|
-
|
Fiscal Period: March |
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
2025 Q3
|
2025 Q4
|
2026 Q1
|
---|
Net sales
1 |
702
|
716
|
707
|
748
|
936
|
947
|
946
|
948
|
951
|
967
|
965
|
965.5
|
979
|
1,001
|
995
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
552
|
555
|
564
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
372
|
391
|
380
|
388
|
526
|
541
|
545
|
549
|
558
|
569
|
568.2
|
567.7
|
584.3
|
603.1
|
586
|
Operating Margin
|
52.99%
|
54.61%
|
53.75%
|
51.87%
|
56.2%
|
57.13%
|
57.61%
|
57.91%
|
58.68%
|
58.84%
|
58.88%
|
58.8%
|
59.68%
|
60.26%
|
58.89%
|
Earnings before Tax (EBT)
|
-
|
-
|
229
|
195
|
-
|
-
|
204
|
-141
|
181
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
-
|
-
|
200
|
69
|
-
|
-
|
189
|
149
|
144
|
-
|
336.6
|
339.5
|
351.9
|
370.1
|
-
|
Net margin
|
-
|
-
|
28.29%
|
9.22%
|
-
|
-
|
19.98%
|
15.72%
|
15.14%
|
-
|
34.88%
|
35.17%
|
35.95%
|
36.99%
|
-
|
EPS
2 |
-
|
-
|
0.3300
|
0.1200
|
-
|
-
|
0.2900
|
0.2300
|
0.2200
|
0.2100
|
0.4000
|
0.4100
|
0.4300
|
0.4600
|
-
|
Dividend per Share
|
0.1250
|
0.1250
|
0.1250
|
0.1250
|
0.1250
|
0.1250
|
0.1250
|
0.1250
|
-
|
0.1250
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
03/02/22
|
05/05/22
|
04/08/22
|
08/11/22
|
02/02/23
|
11/05/23
|
03/08/23
|
07/11/23
|
01/02/24
|
09/05/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
2027
|
---|
Net Debt
1 |
1,958
|
2,650
|
1,845
|
9,012
|
7,758
|
7,283
|
6,729
|
5,525
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.592
x
|
1.865
x
|
1.139
x
|
4.165
x
|
3.457
x
|
3.087
x
|
2.75
x
|
2.218
x
|
Free Cash Flow
1 |
-950
|
700
|
968
|
751
|
2,044
|
1,056
|
1,188
|
1,579
|
ROE (net income / shareholders' equity)
|
20%
|
-353%
|
-
|
128%
|
57.4%
|
55.5%
|
51.4%
|
43.8%
|
ROA (Net income/ Total Assets)
|
4.87%
|
12.3%
|
-
|
11.8%
|
3.88%
|
3.9%
|
4.5%
|
6.6%
|
Assets
1 |
79,876
|
4,509
|
-
|
11,445
|
15,860
|
26,906
|
27,976
|
17,833
|
Book Value Per Share
2 |
0.0200
|
-0.8300
|
-0.1600
|
3.440
|
-
|
4.120
|
5.220
|
6.480
|
Cash Flow per Share
2 |
-1.340
|
1.180
|
1.650
|
1.210
|
3.220
|
1.690
|
1.910
|
-
|
Capex
1 |
89
|
6
|
6
|
6
|
20
|
20
|
74.8
|
81
|
Capex / Sales
|
3.57%
|
0.24%
|
0.21%
|
0.18%
|
0.52%
|
0.51%
|
1.86%
|
1.96%
|
Announcement Date
|
14/05/20
|
10/05/21
|
05/05/22
|
11/05/23
|
09/05/24
|
-
|
-
|
-
|
Last Close Price
24.72
USD Average target price
25.84
USD Spread / Average Target +4.54% Consensus |
1st Jan change
|
Capi.
|
---|
| +2.38% | 9.78TCr | | +2.03% | 4.56TCr | | +2.37% | 1.77TCr | | +9.55% | 1.04TCr | | +58.77% | 477.02Cr | | -26.64% | 305.45Cr | | -21.49% | 158.33Cr | | -20.70% | 102.32Cr | | +11.27% | 78Cr |
Security Software
|