Financials Hydrogen Refueling Solutions Deutsche Boerse AG

Equities

1FO

FR0014001PM5

Oil & Gas Refining and Marketing

Market Closed - Deutsche Boerse AG Other stock markets 07:22:44 06/06/2024 BST			5-day change	1st Jan Change
7.85 ^EUR	-0.51%		+8.58%	-54.62%

06-06	Hynion Secures SEK15 Million Funding for New Hydrogen Refueling Stations in Sweden	MT
05-15	Wolftank Bags Record Hydrogen Refueling Contract in Italy	MT

Valuation

Fiscal Period: June	2021	2022	2023	2024	2025	2026
Capitalization ¹	445.9	293.7	324	117.2	-	-
Enterprise Value (EV) ¹	391	268.4	316	121.1	128.1	129.8
P/E ratio	-2,770 x	-1,940 x	-66.9 x	-23 x	-46.7 x	32.1 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	42.5 x	17.2 x	10.8 x	3.41 x	2.44 x	1.67 x
EV / Revenue	37.3 x	15.8 x	10.5 x	3.53 x	2.67 x	1.85 x
EV / EBITDA	848 x	718 x	-86.6 x	-31.9 x	-466 x	18.7 x
EV / FCF	-55.6 x	-9.41 x	-18.7 x	-9.65 x	-17.8 x	-104 x
FCF Yield	-1.8%	-10.6%	-5.35%	-10.4%	-5.62%	-0.96%
Price to Book	-	4.42 x	5.42 x	2.13 x	2.27 x	2.25 x
Nbr of stocks (in thousands)	16,099	15,140	15,140	15,219	-	-
Reference price ²	27.70	19.40	21.40	7.700	7.700	7.700
Announcement Date	07/10/21	06/10/22	05/10/23	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2.564	10.49	17.03	30.08	34.35	47.95	70.02
EBITDA ¹	-	0.461	0.374	-3.651	-3.8	-0.275	6.95
EBIT ¹	-	-0.203	-0.404	-6.212	-6.7	-5.267	6.75
Operating Margin	-	-1.94%	-2.37%	-20.65%	-19.51%	-10.98%	9.64%
Earnings before Tax (EBT)	-	-0.146	-0.339	-	-	-	-
Net income ¹	-	-0.167	-0.234	-4.872	-5.1	-2.55	5.55
Net margin	-	-1.59%	-1.37%	-16.2%	-14.85%	-5.32%	7.93%
EPS ²	-476.0	-0.0100	-0.0100	-0.3200	-0.3350	-0.1650	0.2400
Free Cash Flow ¹	-	-7.028	-28.51	-16.91	-12.55	-7.2	-1.25
FCF margin	-	-67.01%	-167.37%	-56.22%	-36.54%	-15.02%	-1.79%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	13/01/21	07/10/21	06/10/22	05/10/23	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2024 S1
Net sales ¹	12.84
EBITDA ¹	-4.103
EBIT ¹	-5.259
Operating Margin	-40.97%
Earnings before Tax (EBT)	-
Net income ¹	-4.955
Net margin	-38.61%
EPS	-
Dividend per Share	-
Announcement Date	29/04/24

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	3.93	10.9	12.7
Net Cash position ¹	-	54.9	25.3	7.97	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-1.033 x	-39.64 x	1.82 x
Free Cash Flow ¹	-	-7.03	-28.5	-16.9	-12.6	-7.2	-1.25
ROE (net income / shareholders' equity)	-	-0.49%	-0.35%	-7.75%	-9.5%	-3.3%	5.35%
ROA (Net income/ Total Assets)	-	-	-	-	-	1.5%	5.5%
Assets ¹	-	-	-	-	-	-170	100.9
Book Value Per Share ²	-	-	4.390	3.950	3.610	3.390	3.420
Cash Flow per Share ²	-	0.0400	-0.0800	-0.0400	-0.2700	-0.1000	0.2300
Capex ¹	-	0.77	16.2	16.2	6.43	3.55	2.93
Capex / Sales	-	7.33%	95.23%	54.01%	18.7%	7.4%	4.18%
Announcement Date	13/01/21	07/10/21	06/10/22	05/10/23	-	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Hydrogen Refueling Solutions

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

7.7 EUR

Average target price

12.48 EUR

Spread / Average Target

+62.01%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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Gasoline Stations