Financials Ackermans & van Haaren NV OTC Markets

Equities

Delayed OTC Markets Other stock markets 14:35:04 04/06/2024 BST			5-day change	1st Jan Change
177.8 ^USD	-4.49%		0.00%	+22.21%

05-27	Ackermans & Van Haaren NV Approves Gross Dividend	CI
05-23	ACKERMANS & VAN HAAREN : Q1-24: Ackermans off to a solid start

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,628	4,074	5,595	5,305	5,245	5,227	-	-
Enterprise Value (EV) ¹	11,997	12,275	6,625	5,305	5,763	5,037	4,792	4,540
P/E ratio	11.7 x	17.7 x	13.8 x	7.53 x	13.1 x	11.6 x	9.87 x	9.02 x
Yield	1.79%	1.91%	1.63%	1.94%	2.14%	2.26%	2.49%	2.69%
Capitalization / Revenue	1.08 x	1.04 x	1.3 x	1.21 x	1 x	0.95 x	0.88 x	0.83 x
EV / Revenue	2.81 x	3.14 x	1.54 x	1.21 x	1.1 x	0.91 x	0.81 x	0.72 x
EV / EBITDA	15.3 x	21.4 x	9.36 x	8.14 x	7.14 x	3.62 x	3.2 x	2.84 x
EV / FCF	117 x	33 x	13.3 x	-	21 x	6.24 x	11.1 x	9.59 x
FCF Yield	0.86%	3.03%	7.51%	-	4.76%	16%	8.99%	10.4%
Price to Book	1.34 x	1.14 x	1.41 x	1.14 x	1.06 x	1.02 x	0.95 x	0.88 x
Nbr of stocks (in thousands)	33,125	33,119	33,168	33,115	33,032	32,366	-	-
Reference price ²	139.7	123.0	168.7	160.2	158.8	161.5	161.5	161.5
Announcement Date	28/02/20	26/02/21	28/02/22	28/02/23	29/02/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,270	3,910	4,312	4,401	5,222	5,509	5,936	6,333
EBITDA ¹	784	574.8	707.7	651.9	807	1,393	1,495	1,600
EBIT ¹	441.1	224.1	357.1	292.3	421.7	988	1,071	1,156
Operating Margin	10.33%	5.73%	8.28%	6.64%	8.08%	17.93%	18.04%	18.25%
Earnings before Tax (EBT)	575.6	324.4	-	-	-	-	-	-
Net income ¹	394.9	230	406.8	708.7	399.2	443	491	524.5
Net margin	9.25%	5.88%	9.43%	16.1%	7.65%	8.04%	8.27%	8.28%
EPS ²	11.89	6.930	12.26	21.28	12.12	13.90	16.36	17.91
Free Cash Flow ¹	102.7	371.6	497.4	-	274.5	807.4	430.9	473.2
FCF margin	2.4%	9.5%	11.53%	-	5.26%	14.66%	7.26%	7.47%
FCF Conversion (EBITDA)	13.09%	64.64%	70.29%	-	34.02%	57.95%	28.82%	29.57%
FCF Conversion (Net income)	25.99%	161.55%	122.27%	-	68.77%	182.26%	87.76%	90.22%
Dividend per Share ²	2.500	2.350	2.750	3.100	3.400	3.650	4.013	4.347
Announcement Date	28/02/20	26/02/21	28/02/22	28/02/23	29/02/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	7,370	8,201	1,030	-	518	-	-	-
Net Cash position ¹	-	-	-	-	-	190	435	688
Leverage (Debt/EBITDA)	9.4 x	14.27 x	1.455 x	-	0.6413 x	-	-	-
Free Cash Flow ¹	103	372	497	-	275	807	431	473
ROE (net income / shareholders' equity)	9.8%	6.55%	11.9%	10%	8.36%	8.9%	9.6%	9.7%
ROA (Net income/ Total Assets)	-	1.46%	-	-	-	-	-	-
Assets ¹	-	15,779	-	-	-	-	-	-
Book Value Per Share ²	104.0	107.0	119.0	140.0	150.0	158.0	171.0	185.0
Cash Flow per Share	-	17.70	-	-	-	-	-	-
Capex ¹	489	216	284	-	377	358	358	363
Capex / Sales	11.44%	5.51%	6.59%	-	7.21%	6.49%	6.03%	5.74%
Announcement Date	28/02/20	26/02/21	28/02/22	28/02/23	29/02/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

161.5 EUR

Average target price

177.5 EUR

Spread / Average Target

+9.91%

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