Financials Fnac Darty

Equities

FNAC

FR0011476928

Computer & Electronics Retailers

Market Closed - Euronext Paris 16:35:09 26/04/2024 BST 5-day change 1st Jan Change
32.65 EUR +1.08% Intraday chart for Fnac Darty +6.87% +18.73%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,396 1,398 1,534 920.7 752.1 878.6 - -
Enterprise Value (EV) 1 2,429 2,391 2,408 2,066 1,698 1,693 1,625 1,537
P/E ratio 13.5 x 1,318 x 10.7 x 10.5 x - 13.4 x 8.61 x 11.1 x
Yield - 1.9% 3.48% 4.07% 1.64% 2.82% 4.4% 3.32%
Capitalization / Revenue 0.19 x 0.19 x 0.19 x 0.12 x 0.1 x 0.11 x 0.11 x 0.11 x
EV / Revenue 0.33 x 0.32 x 0.3 x 0.26 x 0.22 x 0.21 x 0.2 x 0.19 x
EV / EBITDA 3.88 x 4.22 x 3.88 x 3.56 x 3.19 x 3.66 x 2.98 x 3.05 x
EV / FCF 14 x 5.46 x 14.2 x 9.93 x 8.32 x 4.1 x 3.67 x 3.73 x
FCF Yield 7.12% 18.3% 7.06% 10.1% 12% 24.4% 27.3% 26.8%
Price to Book 1.01 x 1.02 x 0.99 x 0.69 x - 0.64 x 0.53 x 0.6 x
Nbr of stocks (in thousands) 26,439 26,524 26,683 26,734 27,347 26,908 - -
Reference price 2 52.80 52.70 57.50 34.44 27.50 32.65 32.65 32.65
Announcement Date 26/02/20 23/02/21 23/02/22 23/02/23 22/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,349 7,491 8,043 7,949 7,875 8,008 8,157 8,142
EBITDA 1 626 567 621 580 533 463.2 545.6 504.7
EBIT 1 293 215 271 231 171 178 233.4 212.3
Operating Margin 3.99% 2.87% 3.37% 2.91% 2.17% 2.22% 2.86% 2.61%
Earnings before Tax (EBT) 1 186 148 218 159 -39 97.8 144.1 179.5
Net income 1 105 1 160 100 -75 70.1 108.8 97.13
Net margin 1.43% 0.01% 1.99% 1.26% -0.95% 0.88% 1.33% 1.19%
EPS 2 3.920 0.0400 5.370 3.280 - 2.440 3.790 2.935
Free Cash Flow 1 173 438.2 170 208.1 204 412.9 442.9 412.7
FCF margin 2.35% 5.85% 2.11% 2.62% 2.59% 5.16% 5.43% 5.07%
FCF Conversion (EBITDA) 27.64% 77.28% 27.38% 35.88% 38.27% 89.15% 81.19% 81.78%
FCF Conversion (Net income) 164.76% 43,820% 106.25% 208.1% - 589.06% 406.91% 424.91%
Dividend per Share 2 - 1.000 2.000 1.400 0.4500 0.9194 1.438 1.085
Announcement Date 26/02/20 23/02/21 23/02/22 23/02/23 22/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2022 Q1 2022 Q2 2022 S1 2022 Q3 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2
Net sales 1 2,849 3,465 1,854 1,782 1,647 3,428 1,849 1,781 1,563 3,344 1,840 2,691 4,531 1,793 1,572 3,358 1,866 2,720 4,585
EBITDA - - - - - - - - - - - - - - - - - - -
EBIT -57.6 34.1 - - - 18.6 - - - -44 - - 215 - - -34 - - 215
Operating Margin -2.02% 0.98% - - - 0.54% - - - -1.32% - - 4.75% - - -1.01% - - 4.69%
Earnings before Tax (EBT) - - - - - - - - - - - - - - - - - - -
Net income -118 17.2 - - - -18 - - - -134 - - - - - - - - -
Net margin -4.14% 0.5% - - - -0.53% - - - -4.01% - - - - - - - - -
EPS - - - - - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - - - - - -
Announcement Date 29/07/20 29/07/21 21/10/21 21/04/22 27/07/22 27/07/22 19/10/22 27/04/23 27/07/23 27/07/23 26/10/23 22/02/24 22/02/24 24/04/24 - - - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,033 993 874 1,146 946 815 746 659
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.65 x 1.751 x 1.407 x 1.975 x 1.775 x 1.759 x 1.368 x 1.306 x
Free Cash Flow 1 173 438 170 208 204 413 443 413
ROE (net income / shareholders' equity) 7.95% 7.12% 10.4% 6.52% 3.69% 4.65% 7.05% 5.1%
ROA (Net income/ Total Assets) - - - 1.46% 0.81% 1% 1% 1.1%
Assets 1 - - - 6,854 -9,216 7,010 10,885 8,830
Book Value Per Share 2 52.50 51.60 58.30 49.60 - 51.10 61.50 54.80
Cash Flow per Share 2 20.60 20.10 17.70 11.40 - 6.780 8.790 -
Capex 1 152 107 117 138 132 119 120 120
Capex / Sales 2.07% 1.43% 1.45% 1.74% 1.68% 1.48% 1.47% 1.48%
Announcement Date 26/02/20 23/02/21 23/02/22 23/02/23 22/02/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
32.65 EUR
Average target price
30.62 EUR
Spread / Average Target
-6.20%
Consensus

Quarterly revenue - Rate of surprise