Projected Income Statement: Davide Campari-Milano N.V.

Forecast Balance Sheet: Davide Campari-Milano N.V.

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 777 910 831 1,553 1,854 2,497 2,407 2,167
Change - 17.12% -8.68% 86.88% 19.38% 34.72% -3.6% -9.97%
Announcement Date 18/02/20 18/02/21 23/02/22 21/02/23 27/02/24 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Davide Campari-Milano N.V.

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 82.4 79.8 135.7 213.3 295.7 435 305.1 184.3
Change - -3.16% 70.05% 57.18% 38.63% 47.11% -29.87% -39.58%
Free Cash Flow (FCF) 1 258.5 192.4 332.3 188.7 -180 -14.68 172.1 346.2
Change - -25.57% 72.71% -43.21% -195.39% -91.84% -1,272.08% 101.17%
Announcement Date 18/02/20 18/02/21 23/02/22 21/02/23 27/02/24 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Davide Campari-Milano N.V.

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 26.04% 22.57% 23.7% 24.48% 24.97% 23.61% 24.59% 25.48%
EBIT Margin (%) 22.14% 18.17% 20.03% 21.13% 21.2% 19.34% 20.26% 21.07%
EBT Margin (%) 19.25% 11.83% 17.89% 17.61% 15.98% 16.22% 17.21% 18.67%
Net margin (%) 16.74% 10.6% 13.11% 12.34% 11.32% 11.31% 12.06% 13.03%
FCF margin (%) 14.03% 10.86% 15.29% 7% -6.17% -0.48% 5.35% 10.13%
FCF / Net Income (%) 83.82% 102.39% 116.68% 56.67% -54.46% -4.29% 44.35% 77.73%

Profitability

        
ROA 5.68% 4.3% 6.38% 6.99% 6.15% 4.5% 4.49% 4.98%
ROE 11.75% 9.22% 14.1% 15.37% 13.94% 10.54% 10.06% 10.72%

Financial Health

        
Leverage (Debt/EBITDA) 1.62x 2.27x 1.61x 2.35x 2.54x 3.49x 3.04x 2.49x
Debt / Free cash flow 3.01x 4.73x 2.5x 8.23x -10.3x -170.03x 13.99x 6.26x

Capital Intensity

        
CAPEX / Current Assets (%) 4.47% 4.5% 6.25% 7.91% 10.13% 14.36% 9.48% 5.39%
CAPEX / EBITDA (%) 17.17% 19.95% 26.35% 32.3% 40.57% 60.85% 38.56% 21.17%
CAPEX / FCF (%) 31.88% 41.48% 40.84% 113.04% -164.28% -2,962.52% 177.27% 53.24%

Items per share

        
Cash flow per share 1 0.3172 0.2355 0.4242 0.3671 0.1374 0.4112 0.4006 0.4689
Change - -25.76% 80.13% -13.46% -62.58% 199.33% -2.59% 17.05%
Dividend per Share 1 0.055 0.055 0.06 0.06 0.065 0.0657 0.0699 0.0765
Change - 0% 9.09% 0% 8.33% 1.08% 6.35% 9.43%
Book Value Per Share 1 2.082 1.78 2.094 2.385 1.656 3.094 3.357 3.659
Change - -14.5% 17.66% 13.88% -30.57% 86.88% 8.49% 9%
EPS 1 0.27 0.1674 0.2497 0.292 0.29 0.2818 0.3175 0.369
Change - -38.02% 49.21% 16.94% -0.68% -2.83% 12.66% 16.23%
Nbr of stocks (in thousands) 1,151,737 1,125,648 1,124,241 1,120,449 1,131,192 1,203,398 1,203,398 1,203,398
Announcement Date 18/02/20 18/02/21 23/02/22 21/02/23 27/02/24 - - -
1EUR
Estimates
2024 *2025 *
P/E ratio 19x 16.9x
PBR 1.73x 1.59x
EV / Sales 2.95x 2.75x
Yield 1.23% 1.31%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
A
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
5.350EUR
Average target price
7.598EUR
Spread / Average Target
+42.01%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. CPR Stock
  4. Financials Davide Campari-Milano N.V.