Projected Income Statement: Nexi S.p.A

Forecast Balance Sheet: Nexi S.p.A

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 8,366 5,482 5,262 4,971 4,942 4,427 4,002 3,632
Change - -34.47% -4.01% -5.53% -0.58% -10.42% -9.6% -9.25%
Announcement Date 10/02/22 07/03/23 07/03/24 27/02/25 05/03/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Nexi S.p.A

Fiscal Period: December 2021 2022 2023 2024 2026 2027 2028
CAPEX 1 281.7 526.8 464.5 447 419.5 416.4 420.6
Change - 87.03% -11.82% -3.78% - -0.75% 1.01%
Free Cash Flow (FCF) 1 223 107.6 437.9 527.1 750.6 798.6 845.7
Change - -51.77% 307.01% 20.36% - 6.4% 5.9%
Announcement Date 10/02/22 07/03/23 07/03/24 27/02/25 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Nexi S.p.A

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 53.1% 49.47% 52.11% 53.02% 53.12% 51.73% 51.3% 51.32%
EBIT Margin (%) 40.14% 36.47% 38.81% 39.37% 39.57% 38.49% 38.56% 37.15%
EBT Margin (%) 3.38% 8.29% -26.46% 11.61% -87.75% 20.04% 21.18% 20.37%
Net margin (%) 2.87% 4.3% -29.93% 4.76% -94.19% 11.17% 12.24% 13.33%
FCF margin (%) 12.73% 3.3% 13.03% 15% - 20.56% 21.38% 21.99%
FCF / Net Income (%) 444.03% 76.83% -43.53% 314.92% - 183.99% 174.66% 164.92%

Profitability

        
ROA 2.81% 2.74% 2.74% 2.88% 3.5% 2.7% 2.95% 3.22%
ROE 6.2% 5.65% 6.06% 6.58% 8.71% 9.96% 9.6% 9.6%

Financial Health

        
Leverage (Debt/EBITDA) 8.99x 3.4x 3x 2.67x 2.6x 2.34x 2.09x 1.84x
Debt / Free cash flow 37.51x 50.96x 12.02x 9.43x - 5.9x 5.01x 4.29x

Capital Intensity

        
CAPEX / Current Assets (%) 16.08% 16.16% 13.82% 12.72% - 11.49% 11.15% 10.93%
CAPEX / EBITDA (%) 30.28% 32.66% 26.52% 23.99% - 22.21% 21.73% 21.3%
CAPEX / FCF (%) 126.28% 489.66% 106.09% 84.81% - 55.9% 52.14% 49.73%

Items per share

        
Cash flow per share 1 0.3603 0.4594 0.6532 0.7172 - 1.022 1.046 1.078
Change - 27.49% 42.19% 9.8% - - 2.34% 3.1%
Dividend per Share 1 - - - - 0.25 0.2899 0.319 0.3385
Change - - - - - 15.96% 10.04% 6.11%
Book Value Per Share 1 9.402 9.318 8.596 8.894 - 6.142 6.199 6.376
Change - -0.89% -7.75% 3.47% - - 0.94% 2.85%
EPS 1 0.06 0.11 -0.7632 0.1351 - 0.3341 0.3698 0.4113
Change - 83.33% -793.82% 117.7% - - 10.69% 11.23%
Nbr of stocks (in thousands) 1,039,813 1,311,356 1,311,554 1,232,013 1,194,151 1,172,054 1,172,054 1,172,054
Announcement Date 10/02/22 07/03/23 07/03/24 27/02/25 05/03/26 - - -
1EUR
Estimates
2026 *2027 *
P/E ratio 11.1x 10x
PBR 0.6x 0.6x
EV / Sales 2.4x 2.23x
Yield 7.84% 8.63%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
3.697EUR
Average target price
3.806EUR
Spread / Average Target
+2.95%

Quarterly revenue - Rate of surprise