Financials Cenergy Holdings S.A. Athens S.E.

Equities

CENER

BE0974303357

Investment Holding Companies

Market Closed - Athens S.E. Other stock markets 15:19:55 28/06/2024 BST			5-day change	1st Jan Change
9.59 ^EUR	-2.04%		+1.80%	+33.94%

06-20	Cenergy's Hellenic Cables, DEME Book Order for Submarine Power Cables from Elia Asset	MT
05-29	Cenergy Holdings SA Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2020	2022	2023	2024	2025	2026
Capitalization ¹	308.4	574.3	1,350	1,778	-	-
Enterprise Value (EV) ¹	308.4	574.3	1,728	1,778	1,778	1,778
P/E ratio	12.5 x	9.51 x	18.5 x	15.6 x	11.7 x	-
Yield	-	-	1.13%	1.28%	1.71%	-
Capitalization / Revenue	-	-	0.83 x	1.04 x	0.91 x	-
EV / Revenue	-	-	0.83 x	1.04 x	0.91 x	-
EV / EBITDA	-	-	6.32 x	7.31 x	6.08 x	5.33 x
EV / FCF	-	-	17.8 x	23 x	12.6 x	9.91 x
FCF Yield	-	-	5.63%	4.35%	7.96%	10.1%
Price to Book	-	-	-	-	-	-
Nbr of stocks (in thousands)	190,163	190,163	190,163	190,163	-	-
Reference price ²	1.622	3.020	7.100	9.350	9.350	9.350
Announcement Date	17/03/21	08/03/23	06/03/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2022	2023	2024	2025	2026
Net sales ¹	-	-	1,628	1,709	1,958	-
EBITDA ¹	-	-	213.8	243.1	292.2	333.9
EBIT	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-
Net income ¹	24.77	60.42	72.96	113.8	151.8	-
Net margin	-	-	4.48%	6.66%	7.75%	-
EPS ²	0.1303	0.3177	0.3836	0.6000	0.8000	-
Free Cash Flow ¹	-	-	76	77.3	141.6	179.5
FCF margin	-	-	4.67%	4.52%	7.23%	-
FCF Conversion (EBITDA)	-	-	35.55%	31.8%	48.46%	53.76%
FCF Conversion (Net income)	-	-	104.17%	67.93%	93.28%	-
Dividend per Share ²	-	-	0.0800	0.1200	0.1600	-
Announcement Date	17/03/21	08/03/23	06/03/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2024 Q1
Net sales ¹	381.3	417	798.3	371.4	458.1	395.7
EBITDA ¹	43.96	-	-	58.88	68.8	54.41
EBIT	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-
Net income ¹	15.37	8.268	23.63	23.52	25.8	23.61
Net margin	4.03%	1.98%	2.96%	6.33%	5.63%	5.97%
EPS	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	17/05/23	20/09/23	20/09/23	16/11/23	06/03/24	29/05/24

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2022	2023	2024	2025	2026
Net Debt	-	-	378	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	1.766 x	-	-	-
Free Cash Flow ¹	-	-	76	77.3	142	180
ROE (net income / shareholders' equity)	-	-	19.5%	26.3%	26.3%	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	-	128	95.9	82.5	82.8
Capex / Sales	-	-	7.88%	5.61%	4.21%	-
Announcement Date	17/03/21	08/03/23	06/03/24	-	-	-

¹EUR in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Cenergy Holdings S.A.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.35 EUR

Average target price

8.9 EUR

Spread / Average Target

-4.81%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

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