TESSENDERLO GROUP NV |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 24.4 EUR | +1.46% |
|
+2.74% | -13.63% |
| 27/03 | TESSENDERLO GROUP : FY-23: Tessenderlo disappoints |  |
| 27/03 | Transcript : Tessenderlo Group NV, 2023 Earnings Call, Mar 27, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,357 | 1,409 | 1,439 | 1,438 | 1,787 | 2,057 | - | - |
| Enterprise Value (EV) 1 | 1,705 | 1,610 | 1,514 | 1,498 | 1,787 | 2,035 | 1,959 | 1,871 |
| P/E ratio | 14.1 x | 14.2 x | 7.65 x | 6.34 x | 16.2 x | 16.9 x | 11.8 x | 10.3 x |
| Yield | - | - | - | 2.25% | - | 3.07% | 3.18% | 3.28% |
| Capitalization / Revenue | 0.78 x | 0.81 x | 0.69 x | 0.56 x | 0.61 x | 0.72 x | 0.69 x | 0.66 x |
| EV / Revenue | 0.98 x | 0.93 x | 0.73 x | 0.58 x | 0.61 x | 0.72 x | 0.66 x | 0.6 x |
| EV / EBITDA | 6.37 x | 5.12 x | 4.27 x | 3.44 x | - | 6.17 x | 5.21 x | 4.7 x |
| EV / FCF | 14.8 x | 8.81 x | - | - | - | 11.4 x | 12.3 x | 11.8 x |
| FCF Yield | 6.77% | 11.4% | - | - | - | 8.75% | 8.12% | 8.46% |
| Price to Book | 1.65 x | 1.56 x | 1.27 x | 1.03 x | - | 0.78 x | 0.74 x | 0.69 x |
| Nbr of stocks (in thousands) | 43,155 | 43,155 | 43,155 | 43,123 | 63,241 | 84,292 | - | - |
| Reference price 2 | 31.45 | 32.65 | 33.35 | 33.35 | 28.25 | 24.40 | 24.40 | 24.40 |
| Announcement Date | 26/03/20 | 25/03/21 | 24/03/22 | 23/03/23 | 05/04/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,743 | 1,737 | 2,082 | 2,588 | 2,928 | 2,839 | 2,986 | 3,103 |
| EBITDA 1 | 267.7 | 314.6 | 354.2 | 434.8 | - | 329.8 | 376.2 | 398.1 |
| EBIT 1 | 134.9 | 184 | 223.8 | 300.1 | 120.1 | 126.5 | 170.6 | 188.5 |
| Operating Margin | 7.74% | 10.59% | 10.75% | 11.6% | 4.1% | 4.46% | 5.71% | 6.08% |
| Earnings before Tax (EBT) 1 | 116.5 | - | - | - | 116.4 | 124.5 | 176 | 190.4 |
| Net income 1 | 96.1 | 99.1 | - | - | 109.5 | 89.5 | 125.4 | 140 |
| Net margin | 5.51% | 5.7% | - | - | 3.74% | 3.15% | 4.2% | 4.51% |
| EPS 2 | 2.230 | 2.300 | 4.360 | 5.260 | 1.740 | 1.440 | 2.075 | 2.360 |
| Free Cash Flow 1 | 115.4 | 182.8 | - | - | - | 178.1 | 159 | 158.2 |
| FCF margin | 6.62% | 10.52% | - | - | - | 6.27% | 5.32% | 5.1% |
| FCF Conversion (EBITDA) | 43.11% | 58.11% | - | - | - | 54% | 42.27% | 39.74% |
| FCF Conversion (Net income) | 120.08% | 184.46% | - | - | - | 198.99% | 126.79% | 113% |
| Dividend per Share 2 | - | - | - | 0.7500 | - | 0.7500 | 0.7750 | 0.8000 |
| Announcement Date | 26/03/20 | 25/03/21 | 24/03/22 | 23/03/23 | 05/04/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2022 S1 |
|---|---|---|---|---|
| Net sales 1 | 935 | 802.3 | 1,021 | 1,340 |
| EBITDA 1 | 182 | 132.6 | 184.7 | 247.6 |
| EBIT 1 | - | - | - | 182.6 |
| Operating Margin | - | - | - | 13.63% |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income | - | - | - | - |
| Net margin | - | - | - | - |
| EPS | - | - | - | - |
| Dividend per Share | - | - | - | - |
| Announcement Date | 27/08/20 | 25/03/21 | 27/08/21 | 25/08/22 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 348 | 201 | 74.8 | 59.5 | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 21.6 | 98.1 | 186 |
| Leverage (Debt/EBITDA) | 1.298 x | 0.6395 x | 0.2112 x | 0.1368 x | - | - | - | - |
| Free Cash Flow 1 | 115 | 183 | - | - | - | 178 | 159 | 158 |
| ROE (net income / shareholders' equity) | 12.3% | 11.5% | 18.5% | 17.9% | - | 5.4% | 6.6% | 7.1% |
| ROA (Net income/ Total Assets) | 5.13% | - | - | - | - | - | - | - |
| Assets 1 | 1,874 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 19.10 | 20.90 | 26.20 | 32.50 | - | 31.50 | 33.10 | 35.20 |
| Cash Flow per Share 2 | 5.100 | 6.550 | 5.760 | 4.630 | - | 4.920 | 5.510 | 5.900 |
| Capex 1 | 104 | 99.5 | - | - | - | 150 | 157 | 158 |
| Capex / Sales | 5.98% | 5.73% | - | - | - | 5.28% | 5.24% | 5.08% |
| Announcement Date | 26/03/20 | 25/03/21 | 24/03/22 | 23/03/23 | 05/04/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
24.4
EUR
Average target price
35.33
EUR
Spread / Average Target
+44.81%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -13.63% | 2.22B | |
| +1.22% | 78.18B | |
| +0.59% | 47.18B | |
| +0.96% | 32.47B | |
| +8.75% | 18.01B | |
| -9.28% | 11.74B | |
| +8.55% | 11.47B | |
| -2.33% | 10.43B | |
| +5.97% | 9.98B | |
| +3.48% | 9.12B |
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- Financials Tessenderlo Group nv
