TURISM, HOTELURI, RESTAURANTE MAREA NEAGRA S.A. Financials Turism, Hoteluri, Restaurante Marea Neagra S.A.
Equities
EFO
ROEFRIACNOR6
Hotels, Motels & Cruise Lines
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.384 RON | -0.52% |
|
-4.48% | -4.00% |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 56.74 | 53.84 | 75.84 | 71.79 | 102 | 116.9 |
| Enterprise Value (EV) 1 | 53.5 | 25.86 | 44.12 | 52.35 | 98.34 | 121.7 |
| P/E ratio | 35.1 x | 5.74 x | 14.6 x | 17.5 x | 1.99 x | -18.1 x |
| Yield | - | 9.12% | 4.2% | 5.65% | - | 10.7% |
| Capitalization / Revenue | 1.63 x | 1.15 x | 1.55 x | 3.11 x | 2.22 x | 2.58 x |
| EV / Revenue | 1.53 x | 0.55 x | 0.9 x | 2.27 x | 2.14 x | 2.68 x |
| EV / EBITDA | 6.13 x | 2.01 x | 4.47 x | -26.1 x | 1.36 x | -6.49 x |
| EV / FCF | -2.72 x | 3.71 x | 5.76 x | -7.6 x | 1.34 x | -159 x |
| FCF Yield | -36.8% | 27% | 17.4% | -13.2% | 74.9% | -0.63% |
| Price to Book | 0.24 x | 0.22 x | 0.31 x | 0.3 x | 0.29 x | 0.33 x |
| Nbr of stocks (in thousands) | 5,78,950 | 5,78,950 | 5,78,950 | 5,78,950 | 5,76,008 | 5,76,008 |
| Reference price 2 | 0.0980 | 0.0930 | 0.1310 | 0.1240 | 0.1770 | 0.2030 |
| Announcement Date | 20/03/18 | 22/04/19 | 23/04/20 | 23/04/21 | 29/04/22 | 28/04/23 |
1RON in Million2RON
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 34.85 | 46.95 | 49.03 | 23.1 | 45.89 | 45.38 |
| EBITDA 1 | 8.73 | 12.88 | 9.878 | -2.007 | 72.55 | -18.77 |
| EBIT 1 | 1.462 | 5.638 | 1.418 | -8.288 | 58.48 | -28.36 |
| Operating Margin | 4.19% | 12.01% | 2.89% | -35.88% | 127.42% | -62.5% |
| Earnings before Tax (EBT) 1 | 2.179 | 10.91 | 7.474 | 6.275 | 61.45 | -4.961 |
| Net income 1 | 1.616 | 9.401 | 5.201 | 4.115 | 51.13 | -6.463 |
| Net margin | 4.64% | 20.02% | 10.61% | 17.81% | 111.41% | -14.24% |
| EPS 2 | 0.002791 | 0.0162 | 0.008983 | 0.007100 | 0.0888 | -0.0112 |
| Free Cash Flow 1 | -19.7 | 6.974 | 7.658 | -6.887 | 73.65 | -0.765 |
| FCF margin | -56.53% | 14.85% | 15.62% | -29.81% | 160.48% | -1.69% |
| FCF Conversion (EBITDA) | - | 54.14% | 77.53% | - | 101.51% | - |
| FCF Conversion (Net income) | - | 74.18% | 147.25% | - | 144.05% | - |
| Dividend per Share | - | 0.008480 | 0.005500 | 0.007000 | - | 0.0217 |
| Announcement Date | 20/03/18 | 22/04/19 | 23/04/20 | 23/04/21 | 29/04/22 | 28/04/23 |
1RON in Million2RON
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 4.81 |
| Net Cash position 1 | 3.24 | 28 | 31.7 | 19.4 | 3.61 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | -0.2564 x |
| Free Cash Flow 1 | -19.7 | 6.97 | 7.66 | -6.89 | 73.7 | -0.77 |
| ROE (net income / shareholders' equity) | 0.68% | 3.91% | 2.11% | 1.69% | 17.3% | -1.83% |
| ROA (Net income/ Total Assets) | 0.35% | 1.35% | 0.33% | -1.92% | 10.9% | -4.28% |
| Assets 1 | 459.8 | 698 | 1,594 | -213.9 | 469.6 | 151 |
| Book Value Per Share 2 | 0.4100 | 0.4200 | 0.4300 | 0.4100 | 0.6200 | 0.6100 |
| Cash Flow per Share 2 | 0.0100 | 0.0500 | 0.0500 | 0.0400 | 0.0200 | 0 |
| Capex 1 | 3.82 | 7.34 | 14.4 | 6.45 | 0.02 | - |
| Capex / Sales | 10.96% | 15.64% | 29.39% | 27.9% | 0.03% | - |
| Announcement Date | 20/03/18 | 22/04/19 | 23/04/20 | 23/04/21 | 29/04/22 | 28/04/23 |
1RON in Million2RON
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -4.00% | 4.83Cr | |
| +62.37% | 909.42Cr | |
| +14.13% | 121.04Cr | |
| -1.39% | 113.74Cr | |
| +7.61% | 97Cr | |
| -26.25% | 67Cr | |
| -4.76% | 25Cr | |
| 0.00% | 23Cr | |
| -7.46% | 18Cr | |
| +4.61% | 17Cr |
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- Financials Turism, Hoteluri, Restaurante Marea Neagra S.A.
