TXT E-SOLUTIONS S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 22.05 EUR | +2.56% |
|
+2.32% | +11.25% |
| 08/05 | TXT purchased more than 8,100 shares in the second half of April | AN |
| 06/05 | TXT e-solutions buys more than 7,550 of its own ordinary shares | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 113.8 | 92.42 | 119.3 | 153.5 | 228.7 | 253.3 | - | - |
| Enterprise Value (EV) 1 | 72.45 | 70.36 | 123.1 | 191.5 | 228.7 | 292.3 | 272.3 | 250.3 |
| P/E ratio | 322 x | 20.7 x | 15.1 x | 12.7 x | - | 18.5 x | 16.1 x | 13.5 x |
| Yield | - | 0.51% | - | - | - | 1.05% | 1.2% | 1.44% |
| Capitalization / Revenue | 1.93 x | 1.34 x | 1.24 x | 1.02 x | 1.02 x | 0.99 x | 0.92 x | 0.86 x |
| EV / Revenue | 1.23 x | 1.02 x | 1.28 x | 1.27 x | 1.02 x | 1.14 x | 0.99 x | 0.85 x |
| EV / EBITDA | 10.3 x | 8.22 x | 8.48 x | 8.6 x | 7.23 x | 7.9 x | 6.81 x | 5.82 x |
| EV / FCF | - | -36.3 x | 16.2 x | 11.6 x | - | 18.5 x | 12 x | 9.63 x |
| FCF Yield | - | -2.76% | 6.17% | 8.6% | - | 5.41% | 8.3% | 10.4% |
| Price to Book | - | 1.08 x | 1.28 x | 1.39 x | - | 2.07 x | 1.87 x | 1.67 x |
| Nbr of stocks (in thousands) | 11,785 | 11,729 | 11,763 | 11,955 | 11,541 | 11,780 | - | - |
| Reference price 2 | 9.660 | 7.880 | 10.14 | 12.84 | 19.82 | 21.50 | 21.50 | 21.50 |
| Announcement Date | 12/03/20 | 09/03/21 | 11/03/22 | 09/03/23 | 14/03/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 59.09 | 68.75 | 96.36 | 150.8 | 224.4 | 257 | 275 | 296 |
| EBITDA 1 | 7.004 | 8.56 | 14.52 | 22.26 | 31.63 | 37 | 40 | 43 |
| EBIT 1 | 4.27 | 3.75 | 9.958 | 13.91 | 20.19 | 22 | 25 | 27 |
| Operating Margin | 7.23% | 5.45% | 10.33% | 9.23% | 9% | 8.56% | 9.09% | 9.12% |
| Earnings before Tax (EBT) 1 | 2.315 | 5.876 | 10.31 | 16.2 | - | 19.4 | 22.2 | 25 |
| Net income 1 | 0.314 | 4.473 | 7.839 | 11.99 | - | 14 | 16 | 19 |
| Net margin | 0.53% | 6.51% | 8.13% | 7.95% | - | 5.45% | 5.82% | 6.42% |
| EPS 2 | 0.0300 | 0.3800 | 0.6700 | 1.010 | - | 1.164 | 1.333 | 1.595 |
| Free Cash Flow 1 | - | -1.941 | 7.592 | 16.47 | - | 15.8 | 22.6 | 26 |
| FCF margin | - | -2.82% | 7.88% | 10.93% | - | 6.15% | 8.22% | 8.78% |
| FCF Conversion (EBITDA) | - | - | 52.3% | 74.01% | - | 42.7% | 56.5% | 60.47% |
| FCF Conversion (Net income) | - | - | 96.85% | 137.43% | - | 112.86% | 141.25% | 136.84% |
| Dividend per Share 2 | - | 0.0400 | - | - | - | 0.2250 | 0.2580 | 0.3090 |
| Announcement Date | 12/03/20 | 09/03/21 | 11/03/22 | 09/03/23 | 14/03/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 23.03 | 30.52 | 32.02 | 62.54 | 29.86 | 58.36 | 88.22 | 52.31 | 52.06 | 65.04 |
| EBITDA 1 | 3.093 | - | 4.698 | 9.191 | - | 8.728 | 13.07 | - | - | 10.23 |
| EBIT | - | - | 3.355 | 6.645 | - | 4.748 | 7.341 | - | - | - |
| Operating Margin | - | - | 10.48% | 10.63% | - | 8.14% | 8.32% | - | - | - |
| Earnings before Tax (EBT) | 2.018 | - | 2.271 | 5.199 | - | 8.666 | 11 | - | - | - |
| Net income | - | 2.089 | 1.449 | 3.523 | 1.813 | 6.652 | 8.465 | - | 3.01 | - |
| Net margin | - | 6.84% | 4.53% | 5.63% | 6.07% | 11.4% | 9.6% | - | 5.78% | - |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 08/11/21 | 11/05/22 | 03/08/22 | 03/08/22 | 08/11/22 | 09/03/23 | 09/03/23 | 11/05/23 | 09/11/23 | 14/03/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 3.84 | 38 | - | 39 | 19 | - |
| Net Cash position 1 | 41.4 | 22.1 | - | - | - | - | - | 3 |
| Leverage (Debt/EBITDA) | - | - | 0.2646 x | 1.707 x | - | 1.054 x | 0.475 x | - |
| Free Cash Flow 1 | - | -1.94 | 7.59 | 16.5 | - | 15.8 | 22.6 | 26 |
| ROE (net income / shareholders' equity) | - | 5.35% | 9.11% | 11.9% | - | 16.5% | 16.6% | 17% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | 7.310 | 7.900 | 9.240 | - | 10.40 | 11.50 | 12.80 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 0.92 | 0.81 | 0.94 | 1.69 | - | 4 | 5 | 5 |
| Capex / Sales | 1.55% | 1.18% | 0.98% | 1.12% | - | 1.56% | 1.82% | 1.69% |
| Announcement Date | 12/03/20 | 09/03/21 | 11/03/22 | 09/03/23 | 14/03/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
21.5
EUR
Average target price
26.1
EUR
Spread / Average Target
+21.40%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +11.25% | 272M | |
| +10.74% | 323B | |
| +27.46% | 220B | |
| +2.19% | 148B | |
| +17.22% | 59B | |
| +9.30% | 30.92B | |
| +2.08% | 30.04B | |
| +99.63% | 21.87B | |
| +27.32% | 21.1B | |
| +2.86% | 14.94B |
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- Financials TXT e-solutions S.p.A.