Financials H2 Core AG London S.E.

Equities

Market Closed - London S.E. Other stock markets 16:30:00 29/03/2019 GMT			5-day change	1st Jan Change
1.69 ^EUR	-.--%		-.--%	-.--%

04-04	MARNA Beteiligungen AG Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	MARNA Beteiligungen AG Reports Earnings Results for the Half Year Ended June 30, 2023	CI

Fiscal Period: December	2019	2022	2024	2025	2026
Capitalization ¹	93.78	3.571	27.83	-	-
Enterprise Value (EV) ¹	93.78	3.571	28.74	32.06	36.39
P/E ratio	-	-	-	-	-
Yield	-	-	-	-	-
Capitalization / Revenue	-	-	2.02 x	1.03 x	0.61 x
EV / Revenue	-	-	2.08 x	1.18 x	0.8 x
EV / EBITDA	-	-	-61 x	39.4 x	14.5 x
EV / FCF	-	-	-9.2 x	-9.66 x	-8.4 x
FCF Yield	-	-	-10.9%	-10.4%	-11.9%
Price to Book	-	-	0.69 x	0.74 x	0.72 x
Nbr of stocks (in thousands)	1,501	1,501	11,500	-	-
Reference price ²	62.50	2.380	2.420	2.420	2.420
Announcement Date	02/04/20	06/04/23	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2022	2024	2025	2026
Net sales ¹	-	-	13.81	27.1	45.56
EBITDA ¹	-	-	-0.471	0.813	2.506
EBIT ¹	-	-	-0.563	0.679	2.079
Operating Margin	-	-	-4.08%	2.51%	4.56%
Earnings before Tax (EBT)	-	-	-	-	-
Net income	-0.3553	-0.0873	-	-	-
Net margin	-	-	-	-	-
EPS	-	-	-	-	-
Free Cash Flow ¹	-	-	-3.125	-3.319	-4.331
FCF margin	-	-	-22.63%	-12.25%	-9.51%
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share	-	-	-	-	-
Announcement Date	02/04/20	06/04/23	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2022	2024	2025	2026
Net Debt ¹	-	-	0.91	4.23	8.56
Net Cash position ¹	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-1.928 x	5.198 x	3.415 x
Free Cash Flow ¹	-	-	-3.13	-3.32	-4.33
ROE (net income / shareholders' equity)	-	-	-11%	8%	27%
ROA (Net income/ Total Assets)	-	-	-	-	-
Assets	-	-	-	-	-
Book Value Per Share ²	-	-	3.510	3.280	3.370
Cash Flow per Share	-	-	-	-	-
Capex	-	-	-	-	-
Capex / Sales	-	-	-	-	-
Announcement Date	02/04/20	06/04/23	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.42 EUR

Average target price

4.1 EUR

Spread / Average Target

+69.42%

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