Financials Bassac

Equities

Market Closed - Euronext Paris Other stock markets 16:35:15 30/04/2024 BST			5-day change	1st Jan Change
43.5 ^EUR	+1.64%		+2.35%	-16.02%

04-16	BASSAC Société anonyme Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	BASSAC Société anonyme Reports Earnings Results for the Half Year Ended June 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	756.7	708.7	1,142	768.5	849.2	713.1	-
Enterprise Value (EV) ¹	756.7	710.7	1,072	768.5	849.2	916.5	822.4
P/E ratio	7.79 x	7.09 x	7.21 x	7.51 x	13 x	7.89 x	6.8 x
Yield	-	5.66%	3.51%	-	-	5.75%	5.75%
Capitalization / Revenue	0.78 x	0.72 x	0.94 x	-	0.65 x	0.61 x	0.61 x
EV / Revenue	0.78 x	0.72 x	0.89 x	-	0.65 x	0.78 x	0.7 x
EV / EBITDA	-	4.65 x	4.79 x	-	5.54 x	5.85 x	5.07 x
EV / FCF	-	4.91 x	5.78 x	-	-	5.94 x	6.02 x
FCF Yield	-	20.4%	17.3%	-	-	16.8%	16.6%
Price to Book	-	1.25 x	1.66 x	-	-	0.82 x	0.76 x
Nbr of stocks (in thousands)	16,032	16,034	16,038	16,043	16,393	16,393	-
Reference price ²	47.20	44.20	71.20	47.90	51.80	43.50	43.50
Announcement Date	08/04/20	18/03/21	10/03/22	09/03/23	16/04/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	975.6	986.1	1,209	-	1,297	1,168	1,174
EBITDA ¹	-	152.8	223.7	-	153.4	156.6	162.1
EBIT ¹	-	145.5	168	-	98.56	137.3	155.9
Operating Margin	-	14.75%	13.89%	-	7.6%	11.76%	13.27%
Earnings before Tax (EBT) ¹	-	139.6	198.8	-	93.4	125.9	146.4
Net income ¹	97.2	99.9	158.5	102.3	64.82	88.7	103.1
Net margin	9.96%	10.13%	13.11%	-	5%	7.59%	8.78%
EPS ²	6.060	6.230	9.880	6.380	3.990	5.510	6.400
Free Cash Flow ¹	-	144.8	185.3	-	-	154.3	136.7
FCF margin	-	14.68%	15.33%	-	-	13.21%	11.64%
FCF Conversion (EBITDA)	-	94.77%	82.84%	-	-	98.53%	84.33%
FCF Conversion (Net income)	-	144.92%	116.92%	-	-	173.96%	132.59%
Dividend per Share ²	-	2.500	2.500	-	-	2.500	2.500
Announcement Date	08/04/20	18/03/21	10/03/22	09/03/23	16/04/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	2	-	-	-	203	109
Net Cash position ¹	-	-	70.3	-	-	-	-
Leverage (Debt/EBITDA)	-	0.0131 x	-	-	-	1.299 x	0.6743 x
Free Cash Flow ¹	-	145	185	-	-	154	137
ROE (net income / shareholders' equity)	-	18.7%	25.3%	-	-	10.4%	11.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	35.30	42.90	-	-	53.00	56.90
Cash Flow per Share ²	-	9.200	11.70	-	-	6.500	6.600
Capex ¹	-	2.85	2.82	-	-	3.4	3.2
Capex / Sales	-	0.29%	0.23%	-	-	0.29%	0.27%
Announcement Date	08/04/20	18/03/21	10/03/22	09/03/23	16/04/24	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

43.5 EUR

Average target price

68.5 EUR

Spread / Average Target

+57.47%

	1st Jan change	Capi.
BASSAC	-16.02%	752M
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MITSUBISHI ESTATE CO., LTD.	+46.86%	22.69B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+5.96%	20.3B
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POLY DEVELOPMENTS AND HOLDINGS GROUP CO., LTD.	-10.00%	15.21B