KONCAR - DISTRIBUTIVNI I SPECIJALNI TRANSFORMATORI D.D.

Financials Koncar - distributivni i specijalni transformatori d.d.

Equities

KODT

HRKODTRA0007

Heavy Electrical Equipment

End-of-day quote Zagreb S.E. Other stock markets 23:00:00 29/04/2024 BST			5-day change	1st Jan Change
1,540 ^EUR	+0.65%		+6.21%	+81.18%

04-25	Koncar - distributivni i specijalni transformatori d.d. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
03-18	Koncar - distributivni i specijalni transformatori d.d.(ZGSE:KODT) added to Crobex	CI

Valuation

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Capitalization ¹	745.6	151.7	1,244	435.8	5,920	-	-
Enterprise Value (EV) ¹	745.6	151.7	1,358	52.51	5,143	5,920	5,920
P/E ratio	15.6 x	-	7.15 x	1.07 x	12.4 x	-	-
Yield	-	-	2.84%	-	2.01%	-	-
Capitalization / Revenue	-	0.1 x	0.65 x	0.16 x	1.91 x	1.85 x	1.89 x
EV / Revenue	-	0.1 x	0.71 x	0.02 x	1.66 x	1.85 x	1.89 x
EV / EBITDA	-	-	6.58 x	0.09 x	8.74 x	9.86 x	9.86 x
EV / FCF	-	-	-	-	13.3 x	13.6 x	13.4 x
FCF Yield	-	-	-	-	7.49%	7.34%	7.45%
Price to Book	-	-	1.82 x	-	4.15 x	-	-
Nbr of stocks (in thousands)	511	511	511	511	511.2	-	-
Reference price ²	1,458	300.5	2,438	850.0	11,615	11,615	11,615
Announcement Date	29/04/20	24/02/22	28/02/23	22/02/24	-	-	-

¹HRK in Million²HRK

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Net sales ¹	-	1,460	1,914	2,663	3,095	3,192	3,131
EBITDA ¹	-	-	206.5	560.8	588.2	600.3	600.3
EBIT ¹	-	-	175.8	529	553.2	561.6	560.1
Operating Margin	-	-	9.19%	19.86%	17.87%	17.6%	17.89%
Earnings before Tax (EBT) ¹	-	-	185.8	532.3	569.2	-	-
Net income ¹	47.8	99.34	174.4	441.9	478	486.4	486.4
Net margin	-	6.8%	9.11%	16.59%	15.44%	15.24%	15.53%
EPS ²	93.50	-	341.1	792.0	934.9	-	-
Free Cash Flow ¹	-	-	-	-	385.3	434.7	440.8
FCF margin	-	-	-	-	12.45%	13.62%	14.08%
FCF Conversion (EBITDA)	-	-	-	-	65.5%	72.41%	73.42%
FCF Conversion (Net income)	-	-	-	-	80.6%	89.38%	90.62%
Dividend per Share ²	-	-	69.20	-	233.8	-	-
Announcement Date	29/04/20	24/02/22	28/02/23	22/02/24	-	-	-

¹HRK in Million²HRK

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q4
Net sales ¹	808.7
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	210
Net margin	25.97%
EPS	-
Dividend per Share	-
Announcement Date	22/02/24

¹HRK in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	114	-	-	-	-
Net Cash position ¹	-	-	-	383	776	-	-
Leverage (Debt/EBITDA)	-	-	0.5522 x	-	-	-	-
Free Cash Flow ¹	-	-	-	-	385	435	441
ROE (net income / shareholders' equity)	-	-	21%	49.3%	38.5%	21%	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	1,338	-	2,796	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	-	-	69.9	65.4	57.8
Capex / Sales	-	-	-	-	2.26%	2.05%	1.84%
Announcement Date	29/04/20	24/02/22	28/02/23	22/02/24	-	-	-

¹HRK in Million²HRK

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Koncar - distributivni i specijalni transformatori d.d.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

11,615 HRK

Average target price

9,377 HRK

Spread / Average Target

-19.27%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Smart Grid & Electrical Transmission

	1st Jan change	Capi.
KONCAR - DISTRIBUTIVNI I SPECIJALNI TRANSFORMATORI D.D.	+81.18%	838M
TBEA CO., LTD.	+2.54%	9.81B
HITACHI ENERGY INDIA LIMITED	+81.96%	4.86B
STATE GRID YINGDA CO.,LTD.	+0.21%	3.78B
HEXING ELECTRICAL CO.,LTD.	+57.35%	3.07B
HAINAN JINPAN SMART TECHNOLOGY CO., LTD.	+37.59%	2.96B
ASTOR ENERJI	+5.30%	2.88B
HENAN PINGGAO ELECTRIC CO.,LTD.	+16.71%	2.78B
HSINO TOWER GROUP CO., LTD.	-6.61%	1.93B
BEIJING SIFANG AUTOMATION CO.,LTD	+12.15%	1.83B

Smart Grid & Electrical Transmission