Financials Titania Holding AB

Equities

TITA B

SE0017132129

Real Estate Development & Operations

Market Closed - Nasdaq Stockholm Other stock markets 02:40:38 08/05/2024 pm IST			5-day change	1st Jan Change
6.7 ^SEK	0.00%		-4.01%	+59.52%

23/02	Titania Holding AB Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI
23/02	Titania Holding AB Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,644	518.8	300.3	479	-	-
Enterprise Value (EV) ¹	2,113	518.8	1,762	2,426	2,526	2,576
P/E ratio	11.3 x	-3.9 x	-10 x	9.44 x	11.2 x	0.61 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	-104 x	-	4.66 x	1.13 x	4.44 x	-
EV / Revenue	-133 x	-	27.3 x	5.72 x	23.4 x	-
EV / EBITDA	-	-	-9.44 x	14.4 x	18.3 x	-
EV / FCF	-9.84 x	-	-2.68 x	-5.23 x	-25.8 x	-53.6 x
FCF Yield	-10.2%	-	-37.3%	-19.1%	-3.87%	-1.87%
Price to Book	1.87 x	-	0.41 x	0.61 x	0.58 x	0.3 x
Nbr of stocks (in thousands)	71,500	71,500	71,500	71,500	-	-
Reference price ²	23.00	7.256	4.200	6.700	6.700	6.700
Announcement Date	25/02/22	24/02/23	23/02/24	-	-	-

¹SEK in Million²SEK

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-15.83	-	64.48	424	108	-
EBITDA ¹	-	-	-186.6	169	138	-
EBIT ¹	189.2	-	-197	156	127	-
Operating Margin	-1,195.09%	-	-305.53%	36.79%	117.59%	-
Earnings before Tax (EBT) ¹	147.2	-	-15.14	64.2	54.5	988
Net income ¹	103.8	-132.7	-29.68	50.7	43.1	785
Net margin	-655.56%	-	-46.03%	11.96%	39.91%	-
EPS ²	2.030	-1.860	-0.4200	0.7100	0.6000	11.00
Free Cash Flow ¹	-214.7	-	-657.8	-464	-97.8	-48.1
FCF margin	1,356%	-	-1,020.25%	-109.43%	-90.56%	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	25/02/22	24/02/23	23/02/24	-	-	-

¹SEK in Million²SEK

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4
Net sales ¹	-	-	-	-	15.59
EBITDA ¹	-	-	-	-	-176.7
EBIT ¹	-	-	-8.747	1.154	-178.9
Operating Margin	-	-	-	-	-1,147.87%
Earnings before Tax (EBT) ¹	49.42	-	-35.06	11.99	37.19
Net income ¹	36.47	-29.54	-	-	34.78
Net margin	-	-	-	-	223.08%
EPS	-	-0.4100	-	-	-
Dividend per Share	-	-	-	-	-
Announcement Date	25/02/22	17/05/23	16/08/23	15/11/23	23/02/24

¹SEK in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	469	-	1,462	1,947	2,047	2,097
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-7.832 x	11.52 x	14.83 x	-
Free Cash Flow ¹	-215	-	-658	-464	-97.8	-48.1
ROE (net income / shareholders' equity)	16.9%	-	-3.96%	6.7%	5.3%	64.2%
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	12.30	-	10.30	11.00	11.60	22.60
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	25.7	-	305	355	116	797
Capex / Sales	-162.24%	-	473.07%	83.73%	107.41%	-
Announcement Date	25/02/22	24/02/23	23/02/24	-	-	-

¹SEK in Million²SEK

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Titania Holding AB

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

6.7 SEK

Average target price

4 SEK

Spread / Average Target

-40.30%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Real Estate Development & Operations

	1st Jan change	Capi.
TITANIA HOLDING AB	+59.52%	44.3M
MITSUI FUDOSAN CO., LTD.	+36.21%	29.21B
CHINA RESOURCES LAND LIMITED	+6.61%	28.04B
SUN HUNG KAI PROPERTIES LIMITED	-12.26%	27.86B
DLF LIMITED	+17.36%	25.39B
MITSUBISHI ESTATE CO., LTD.	+49.74%	24.16B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+7.85%	20.93B
EMAAR PROPERTIES	+3.41%	19.25B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+28.14%	16.61B
CK ASSET HOLDINGS LIMITED	-13.65%	15.42B

Other Real Estate Development & Operations