Financials Black Point S.A.

Equities

BPN

PLBLKPT00018

Specialty Chemicals

End-of-day quote Warsaw S.E. 23:00:00 16/07/2024 BST 5-day change 1st Jan Change
0.81 PLN 0.00% Intraday chart for Black Point S.A. -0.61% -11.96%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8.4 8.88 13.2 13.32 13.44 11.04
Enterprise Value (EV) 1 8.651 9.526 10.29 16.13 11.68 10.32
P/E ratio 5.06 x 5.05 x 6.26 x 7.03 x 15.2 x 30.8 x
Yield - - - - 67% -
Capitalization / Revenue 0.18 x 0.18 x 0.26 x 0.27 x 0.52 x 0.48 x
EV / Revenue 0.18 x 0.19 x 0.2 x 0.33 x 0.45 x 0.45 x
EV / EBITDA 2.53 x 2.72 x 2.43 x 4.72 x 4.35 x 4.71 x
EV / FCF 4.05 x 7.18 x 3.1 x 6.57 x 0.88 x -1.67 x
FCF Yield 24.7% 13.9% 32.2% 15.2% 113% -59.8%
Price to Book 0.44 x 0.49 x 0.65 x 0.7 x 1.32 x 1.05 x
Nbr of stocks (in thousands) 12,000 12,000 12,000 12,000 12,000 12,000
Reference price 2 0.7000 0.7400 1.100 1.110 1.120 0.9200
Announcement Date 10/05/19 05/05/20 21/05/21 11/05/22 12/05/23 15/05/24
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 47.95 49.31 50.64 49.3 25.78 23.17
EBITDA 1 3.417 3.498 4.234 3.415 2.688 2.191
EBIT 1 1.954 2.03 2.771 1.903 1.37 1.124
Operating Margin 4.08% 4.12% 5.47% 3.86% 5.31% 4.85%
Earnings before Tax (EBT) 1 1.783 1.799 2.568 2.245 1.274 0.4953
Net income 1 1.661 1.758 2.11 1.894 0.8821 0.3581
Net margin 3.46% 3.56% 4.17% 3.84% 3.42% 1.55%
EPS 2 0.1384 0.1465 0.1758 0.1578 0.0735 0.0298
Free Cash Flow 1 2.133 1.326 3.318 2.455 13.21 -6.167
FCF margin 4.45% 2.69% 6.55% 4.98% 51.21% -26.62%
FCF Conversion (EBITDA) 62.44% 37.92% 78.37% 71.87% 491.2% -
FCF Conversion (Net income) 128.45% 75.45% 157.28% 129.61% 1,497.01% -
Dividend per Share - - - - 0.7500 -
Announcement Date 10/05/19 05/05/20 21/05/21 11/05/22 12/05/23 15/05/24
1PLN in Million2PLN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 0.25 0.65 - 2.81 - -
Net Cash position 1 - - 2.91 - 1.76 0.72
Leverage (Debt/EBITDA) 0.0734 x 0.1846 x - 0.8226 x - -
Free Cash Flow 1 2.13 1.33 3.32 2.45 13.2 -6.17
ROE (net income / shareholders' equity) 9.11% 9.38% 11.1% 9.14% 5.96% 3.46%
ROA (Net income/ Total Assets) 3.91% 4.25% 5.56% 3.77% 3.14% 3.72%
Assets 1 42.46 41.4 37.93 50.17 28.07 9.623
Book Value Per Share 2 1.590 1.510 1.680 1.590 0.8500 0.8800
Cash Flow per Share 2 0.0900 0.1100 0.5800 0.0600 0.1900 0.0700
Capex 1 0.48 0.65 0.42 0.62 0.34 0.62
Capex / Sales 1% 1.32% 0.82% 1.26% 1.3% 2.66%
Announcement Date 10/05/19 05/05/20 21/05/21 11/05/22 12/05/23 15/05/24
1PLN in Million2PLN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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