Financials Voyageurs du Monde Deutsche Boerse AG

Equities

Delayed Deutsche Boerse AG Other stock markets 11:42:15 13/06/2024 am IST			5-day change	1st Jan Change
143.2 ^EUR	+0.14%		-0.97%	+13.20%

07/06	Voyageurs du Monde: proposed public stock buyback tender offer filed with the AMF	CF
24/04	Voyageurs Du Monde Plans EUR130 Million Treasury Buyback	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	437.5	339.6	298.2	325.8	553.8	619.2	-	-
Enterprise Value (EV) ¹	311.4	226.1	201.5	182.9	553.8	396.9	364.9	360.1
P/E ratio	21.9 x	-25.1 x	-904 x	12.2 x	-	17.9 x	17.6 x	16.7 x
Yield	-	-	-	3.45%	-	2.26%	2.31%	2.55%
Capitalization / Revenue	0.9 x	2.89 x	1.97 x	0.66 x	0.8 x	0.85 x	0.81 x	0.76 x
EV / Revenue	0.64 x	1.93 x	1.33 x	0.37 x	0.8 x	0.54 x	0.48 x	0.44 x
EV / EBITDA	9.27 x	-17.1 x	25.8 x	3.56 x	8.56 x	6.46 x	5.67 x	5.09 x
EV / FCF	11.5 x	-27.6 x	-9.74 x	3.68 x	-	8.68 x	7.67 x	7.31 x
FCF Yield	8.69%	-3.62%	-10.3%	27.2%	-	11.5%	13%	13.7%
Price to Book	3.96 x	3.56 x	2.96 x	2.97 x	-	3.51 x	3.1 x	2.75 x
Nbr of stocks (in thousands)	3,645	3,643	3,664	3,745	4,293	4,288	-	-
Reference price ²	120.0	93.20	81.40	87.00	129.0	144.4	144.4	144.4
Announcement Date	22/04/20	14/04/21	21/04/22	18/04/23	23/04/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	487.5	117.3	151.7	497.3	693.6	731.1	762.9	810.2
EBITDA ¹	33.6	-13.2	7.8	51.4	64.7	61.43	64.4	70.7
EBIT ¹	29.1	-17.9	1.1	46	57.7	53.83	56.4	62.65
Operating Margin	5.97%	-15.26%	0.73%	9.25%	8.32%	7.36%	7.39%	7.73%
Earnings before Tax (EBT)	29.32	-18.39	-	-	-	-	-	-
Net income ¹	20.3	-13.7	-0.3	29.9	44.1	39.87	41.6	47.05
Net margin	4.16%	-11.68%	-0.2%	6.01%	6.36%	5.45%	5.45%	5.81%
EPS ²	5.490	-3.710	-0.0900	7.140	-	8.075	8.220	8.630
Free Cash Flow ¹	27.05	-8.193	-20.69	49.72	-	45.7	47.6	49.3
FCF margin	5.55%	-6.98%	-13.64%	10%	-	6.25%	6.24%	6.08%
FCF Conversion (EBITDA)	80.5%	-	-	96.72%	-	74.39%	73.91%	69.73%
FCF Conversion (Net income)	133.25%	-	-	166.27%	-	114.63%	114.42%	104.78%
Dividend per Share ²	-	-	-	3.000	-	3.270	3.330	3.680
Announcement Date	22/04/20	14/04/21	21/04/22	18/04/23	23/04/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	126	113	96.7	143	-	222	254	259
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	27	-8.19	-20.7	49.7	-	45.7	47.6	49.3
ROE (net income / shareholders' equity)	19.1%	-13.1%	-0.34%	25.5%	-	20.1%	23.7%	26%
ROA (Net income/ Total Assets)	-	-	-	6.4%	-	5.3%	5%	-
Assets ¹	-	-	-	467.3	-	752.2	832	-
Book Value Per Share ²	30.30	26.20	27.50	29.30	-	41.10	46.60	52.60
Cash Flow per Share ²	8.840	-1.570	-5.140	11.90	-	9.920	10.70	11.30
Capex ¹	5.59	2.39	0.78	4.47	-	8.8	9.2	10
Capex / Sales	1.15%	2.04%	0.52%	0.9%	-	1.2%	1.21%	1.23%
Announcement Date	22/04/20	14/04/21	21/04/22	18/04/23	23/04/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

144.4 EUR

Average target price

168.2 EUR

Spread / Average Target

+16.52%

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