Financials Maisons du Monde Deutsche Boerse AG

Equities

ZMM

FR0013153541

Home Furnishings Retailers

Real-time Estimate Tradegate Other stock markets 09:30:57 17/06/2024 BST			5-day change	1st Jan Change
4.265 ^EUR	-5.75%		-16.28%	-24.62%

05-16	Maisons du Monde: quarterly sales down 9.5	CF
05-16	Transcript : Maisons du Monde S.A., Q1 2024 Sales/ Trading Statement Call, May 16, 2024

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	585.9	671.7	916.8	499.4	209	163.2	-	-
Enterprise Value (EV) ¹	1,391	1,384	1,569	1,215	869.2	842.1	828.9	753.4
P/E ratio	10.3 x	166 x	12.6 x	14.7 x	27 x	-65.1 x	12.3 x	5.57 x
Yield	3.86%	2.01%	2.7%	2.55%	-	0.59%	3.31%	6.15%
Capitalization / Revenue	0.46 x	0.55 x	0.68 x	0.39 x	0.18 x	0.14 x	0.14 x	0.13 x
EV / Revenue	1.1 x	1.13 x	1.16 x	0.95 x	0.75 x	0.72 x	0.71 x	0.61 x
EV / EBITDA	5.37 x	5.75 x	5.62 x	5.35 x	4.19 x	4.2 x	4.01 x	3.28 x
EV / FCF	16.5 x	25.6 x	17.5 x	37.6 x	-	56.5 x	23.4 x	11.6 x
FCF Yield	6.05%	3.91%	5.72%	2.66%	-	1.77%	4.26%	8.64%
Price to Book	0.92 x	1.32 x	1.49 x	-	-	0.27 x	0.27 x	0.24 x
Nbr of stocks (in thousands)	45,176	44,929	45,029	42,501	36,854	38,578	-	-
Reference price ²	12.97	14.95	20.36	11.75	5.670	4.230	4.230	4.230
Announcement Date	11/03/20	10/03/21	10/03/22	09/03/23	12/03/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,264	1,227	1,354	1,278	1,157	1,164	1,162	1,239
EBITDA ¹	259.2	240.6	279.2	227	207.6	200.7	206.9	229.6
EBIT ¹	122.6	90.9	115.7	75.9	45.8	21.2	48.8	76.4
Operating Margin	9.7%	7.41%	8.55%	5.94%	3.96%	1.82%	4.2%	6.17%
Earnings before Tax (EBT) ¹	93.1	17.4	94.2	52.6	14.02	-6.1	31.6	64.8
Net income ¹	59.5	1.5	77.4	34.3	8.57	-2.7	15.18	35.93
Net margin	4.71%	0.12%	5.72%	2.68%	0.74%	-0.23%	1.31%	2.9%
EPS ²	1.260	0.0900	1.620	0.8000	0.2100	-0.0650	0.3433	0.7600
Free Cash Flow ¹	84.1	54.1	89.8	32.3	-	14.9	35.35	65.1
FCF margin	6.66%	4.41%	6.63%	2.53%	-	1.28%	3.04%	5.25%
FCF Conversion (EBITDA)	32.45%	22.49%	32.16%	14.23%	-	7.42%	17.08%	28.35%
FCF Conversion (Net income)	141.34%	3,606.67%	116.02%	94.17%	-	-	232.95%	181.17%
Dividend per Share ²	0.5000	0.3000	0.5500	0.3000	-	0.0250	0.1400	0.2600
Announcement Date	11/03/20	10/03/21	10/03/22	09/03/23	12/03/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2020 S1	2020 S2	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
Net sales ¹	416	488.9	-	662.6	317.3	313	314.5	627.5	278.5	273.7	286.7	560.4	252.3	343.9	-	247.7
EBITDA	-	68.8	-	132	-	-	-	99.4	-	-	-	85.1	-	-	-	-
EBIT	-	-7.4	98.3	52.4	-	-	-	28.4	-	-	-	16.3	-	-	29.5	-
Operating Margin	-	-1.51%	-	7.91%	-	-	-	4.53%	-	-	-	2.91%	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-18.6	-	19.6	-	-	-	8.4	-	-	-	1	-	-	-	-
Net margin	-	-3.8%	-	2.96%	-	-	-	1.34%	-	-	-	0.18%	-	-	-	-
EPS	-	-	-	0.4200	-	-	-	-	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	11/03/20	28/07/20	10/03/21	28/07/21	26/10/21	04/05/22	28/07/22	28/07/22	27/10/22	11/05/23	27/07/23	27/07/23	26/10/23	12/03/24	12/03/24	16/05/24

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	805	712	653	716	660	679	666	590
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.105 x	2.959 x	2.337 x	3.154 x	3.18 x	3.383 x	3.217 x	2.57 x
Free Cash Flow ¹	84.1	54.1	89.8	32.3	-	14.9	35.4	65.1
ROE (net income / shareholders' equity)	9.73%	0.24%	12.4%	5.46%	-	2.86%	1.65%	4.85%
ROA (Net income/ Total Assets)	3.19%	0.08%	-	1.86%	-	1.2%	0.4%	1.4%
Assets ¹	1,863	1,916	-	1,848	-	-225	3,794	2,567
Book Value Per Share ²	14.10	11.30	13.70	-	-	15.90	15.50	17.60
Cash Flow per Share ²	5.410	3.560	5.410	4.940	-	2.290	1.270	-
Capex ¹	47.3	34.9	42.4	47.6	-	40.2	37.7	37.2
Capex / Sales	3.74%	2.84%	3.13%	3.72%	-	3.45%	3.24%	3%
Announcement Date	11/03/20	10/03/21	10/03/22	09/03/23	12/03/24	-	-	-

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

Ratings for Maisons du Monde

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

4.23 EUR

Average target price

6.65 EUR

Spread / Average Target

+57.21%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Home Furnishings Retailers

	1st Jan change	Capi.
NITORI HOLDINGS CO., LTD.	-11.23%	12.02B
RH	-21.18%	4.21B
DUNELM GROUP PLC	-4.54%	2.66B
ARHAUS, INC.	+53.59%	2.55B
LEON'S FURNITURE LIMITED	+19.60%	1.08B
TEMPLE & WEBSTER GROUP LTD	+12.50%	781M
NICK SCALI LIMITED	+9.25%	778M
BRISCOE GROUP LIMITED	-8.28%	561M
HAVERTY FURNITURE COMPANIES, INC.	-23.46%	441M

Other Home Furnishings Retailers