Financials Plaza Centres p.l.c.

Equities

PZC

MT0000120106

Real Estate Development & Operations

End-of-day quote Malta S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
0.61 EUR +3.39% Intraday chart for Plaza Centres p.l.c. +5.17% -10.29%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 28.81 28.52 27.68 23.71 18.61 17.33
Enterprise Value (EV) 1 40.49 39.42 30.53 28.01 22.26 21.56
P/E ratio 26.3 x 21 x 58.3 x 45.5 x 24.1 x 15.6 x
Yield 2.88% 1.12% 5.21% 3.18% 3.22% -
Capitalization / Revenue 8.81 x 8.03 x 10 x 9.36 x 6.48 x 5.61 x
EV / Revenue 12.4 x 11.1 x 11.1 x 11.1 x 7.76 x 6.98 x
EV / EBITDA 15.7 x 13.8 x 15.9 x 16.8 x 11.5 x 10.2 x
EV / FCF 23.4 x -3.37 x 2.1 x 25.5 x 16.5 x 18.8 x
FCF Yield 4.27% -29.7% 47.7% 3.91% 6.05% 5.33%
Price to Book 1.03 x 0.91 x 1.04 x 0.88 x 0.7 x 0.65 x
Nbr of stocks (in thousands) 28,242 28,242 28,242 25,492 25,492 25,492
Reference price 2 1.020 1.010 0.9800 0.9300 0.7300 0.6800
Announcement Date 12/04/19 27/04/20 28/04/21 27/04/22 26/04/23 24/04/24
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3.27 3.55 2.757 2.534 2.87 3.09
EBITDA 1 2.585 2.858 1.921 1.663 1.931 2.119
EBIT 1 2.033 2.287 1.245 1.113 1.428 1.601
Operating Margin 62.15% 64.41% 45.16% 43.95% 49.75% 51.81%
Earnings before Tax (EBT) 1 1.572 1.871 0.7639 0.8685 1.154 1.552
Net income 1 1.095 1.358 0.4693 0.5209 0.7722 1.106
Net margin 33.49% 38.25% 17.03% 20.56% 26.91% 35.8%
EPS 2 0.0388 0.0481 0.0168 0.0204 0.0303 0.0435
Free Cash Flow 1 1.73 -11.69 14.56 1.096 1.347 1.149
FCF margin 52.89% -329.31% 528.02% 43.28% 46.93% 37.19%
FCF Conversion (EBITDA) 66.91% - 757.62% 65.93% 69.73% 54.25%
FCF Conversion (Net income) 157.91% - 3,101.17% 210.48% 174.42% 103.89%
Dividend per Share 2 0.0294 0.0113 0.0511 0.0296 0.0235 -
Announcement Date 12/04/19 27/04/20 28/04/21 27/04/22 26/04/23 24/04/24
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 11.7 10.9 2.85 4.3 3.65 4.23
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.518 x 3.813 x 1.483 x 2.587 x 1.889 x 1.996 x
Free Cash Flow 1 1.73 -11.7 14.6 1.1 1.35 1.15
ROE (net income / shareholders' equity) 3.94% 4.56% 1.61% 1.95% 2.69% 4.12%
ROA (Net income/ Total Assets) 2.79% 3.01% 1.77% 1.8% 2.37% 2.71%
Assets 1 39.2 45.08 26.46 29.01 32.64 40.77
Book Value Per Share 2 0.9900 1.110 0.9400 1.050 1.040 1.040
Cash Flow per Share 2 0.0100 0.0100 0.1600 0.1000 0.0600 0.0200
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 12/04/19 27/04/20 28/04/21 27/04/22 26/04/23 24/04/24
1EUR in Million2EUR
Estimates
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