PVA TEPLA AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.97 EUR | -3.50% |
|
-4.83% | -21.72% |
| 06-21 | A few days before the date: PVA Tepla postpones Annual General Meeting until further notice | DP |
| 05-17 | PVA TEPLA AG : Gets a Buy rating from Jefferies | ZD |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 332.8 | 426.3 | 911.3 | 403.7 | 443.7 | 347.3 | - | - |
| Enterprise Value (EV) 1 | 311.7 | 399.5 | 855.8 | 387.3 | 443.3 | 336.4 | 318.2 | 312 |
| P/E ratio | 43.7 x | 33.2 x | 74.8 x | 22.9 x | 18.2 x | 12.2 x | 11.1 x | 10 x |
| Yield | - | - | - | - | - | - | - | 0.47% |
| Capitalization / Revenue | 2.54 x | 3.11 x | 5.85 x | 1.97 x | 1.68 x | 1.23 x | 1.14 x | 1.01 x |
| EV / Revenue | 2.38 x | 2.92 x | 5.5 x | 1.89 x | 1.68 x | 1.19 x | 1.04 x | 0.91 x |
| EV / EBITDA | 19.2 x | 17.6 x | 37.2 x | 12.9 x | 10.7 x | 7.03 x | 6 x | 5.13 x |
| EV / FCF | -96.2 x | 55 x | 15.4 x | -18.7 x | -47.8 x | -604 x | 67.5 x | 16 x |
| FCF Yield | -1.04% | 1.82% | 6.48% | -5.36% | -2.09% | -0.17% | 1.48% | 6.27% |
| Price to Book | 5.81 x | 6.15 x | 11 x | 3.88 x | 3.48 x | 2.2 x | 1.82 x | 1.58 x |
| Nbr of stocks (in thousands) | 21,750 | 21,750 | 21,750 | 21,750 | 21,750 | 21,750 | - | - |
| Reference price 2 | 15.30 | 19.60 | 41.90 | 18.56 | 20.40 | 15.97 | 15.97 | 15.97 |
| Announcement Date | 26/03/20 | 25/03/21 | 25/03/22 | 23/03/23 | 21/03/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 131 | 137 | 155.7 | 205.2 | 263.4 | 283.5 | 305.7 | 344.2 |
| EBITDA 1 | 16.21 | 22.75 | 23.03 | 30 | 41.5 | 47.83 | 53.05 | 60.84 |
| EBIT 1 | 12.3 | 18.52 | 18.33 | 25.09 | 34.38 | 40.51 | 44.42 | 50.09 |
| Operating Margin | 9.4% | 13.51% | 11.77% | 12.22% | 13.05% | 14.29% | 14.53% | 14.55% |
| Earnings before Tax (EBT) 1 | 11.82 | 17.85 | 17.75 | 23.79 | 34.1 | 39.77 | 43.77 | 47.96 |
| Net income 1 | 7.629 | 12.73 | 12.16 | 17.66 | 24.42 | 28.38 | 31.17 | 34.77 |
| Net margin | 5.83% | 9.29% | 7.8% | 8.6% | 9.27% | 10.01% | 10.2% | 10.1% |
| EPS 2 | 0.3500 | 0.5900 | 0.5600 | 0.8100 | 1.120 | 1.307 | 1.432 | 1.597 |
| Free Cash Flow 1 | -3.239 | 7.26 | 55.43 | -20.76 | -9.268 | -0.5571 | 4.711 | 19.55 |
| FCF margin | -2.47% | 5.3% | 35.59% | -10.12% | -3.52% | -0.2% | 1.54% | 5.68% |
| FCF Conversion (EBITDA) | - | 31.91% | 240.68% | - | - | - | 8.88% | 32.13% |
| FCF Conversion (Net income) | - | 57.04% | 456.05% | - | - | - | 15.11% | 56.22% |
| Dividend per Share 2 | - | - | - | - | - | - | - | 0.0750 |
| Announcement Date | 26/03/20 | 25/03/21 | 25/03/22 | 23/03/23 | 21/03/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 70.92 | 40.46 | 33.25 | 46.82 | 50.88 | 74.27 | 58.47 | - | 64.47 | - |
| EBITDA | 9.439 | - | - | 6.091 | 7.046 | - | 7.197 | - | - | - |
| EBIT | 7.052 | 5.62 | 2.282 | 4.927 | 5.848 | 12.03 | - | - | - | - |
| Operating Margin | 9.94% | 13.89% | 6.86% | 10.52% | 11.49% | 16.2% | - | - | - | - |
| Earnings before Tax (EBT) | - | 5.417 | 2.147 | - | - | - | - | - | - | - |
| Net income | - | 3.521 | 1.491 | - | - | - | - | 5.531 | - | - |
| Net margin | - | 8.7% | 4.48% | - | - | - | - | - | - | - |
| EPS 1 | - | 0.1600 | 0.0700 | 0.1200 | 0.1800 | 0.4400 | - | 0.2500 | 0.3400 | 0.2200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 05/08/21 | 25/03/22 | 05/05/22 | 04/08/22 | 03/11/22 | 23/03/23 | 04/05/23 | 04/08/23 | 02/11/23 | 15/05/24 |
1EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 21 | 26.8 | 55.5 | 16.4 | 0.38 | 10.9 | 29.1 | 35.3 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -3.24 | 7.26 | 55.4 | -20.8 | -9.27 | -0.56 | 4.71 | 19.6 |
| ROE (net income / shareholders' equity) | 14.1% | 20.1% | 16% | 18.9% | 21.1% | 20.8% | 18.5% | 17.7% |
| ROA (Net income/ Total Assets) | 4.45% | 7.11% | 5.82% | 6.66% | 8.2% | 10.5% | 10.3% | 9.1% |
| Assets 1 | 171.5 | 179.1 | 208.7 | 265.3 | 297.8 | 271.4 | 302.5 | 382.1 |
| Book Value Per Share 2 | 2.640 | 3.190 | 3.810 | 4.790 | 5.860 | 7.260 | 8.760 | 10.10 |
| Cash Flow per Share 2 | -0.0300 | 0.3700 | 2.710 | -0.6500 | 0.0900 | 1.420 | 1.580 | 1.930 |
| Capex 1 | 2.65 | 0.81 | 3.42 | 6.69 | 11.3 | 28.6 | 20.7 | 12.6 |
| Capex / Sales | 2.02% | 0.59% | 2.2% | 3.26% | 4.28% | 10.09% | 6.76% | 3.65% |
| Announcement Date | 26/03/20 | 25/03/21 | 25/03/22 | 23/03/23 | 21/03/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
15.97
EUR
Average target price
28.59
EUR
Spread / Average Target
+79.01%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -21.72% | 371M | |
| +45.25% | 195B | |
| +81.70% | 43.17B | |
| -15.68% | 28.39B | |
| +34.35% | 24.14B | |
| -2.02% | 12.85B | |
| +12.31% | 12.61B | |
| +192.22% | 12.51B | |
| +54.65% | 6.95B | |
| -10.80% | 5.34B |
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- Financials PVA TePla AG
