Financials Restore plc

Equities

Market Closed - London S.E. Other stock markets 16:35:26 27/06/2024 BST			5-day change	1st Jan Change
266 ^GBX	+1.92%		+12.24%	+20.91%

05-16	Restore reports "solid" first four months revenue, maintains guidance	AN
03-14	Restore stock falls as weak tech trading drags down annual results	AN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	684.3	519	669.7	451.8	301.2	364.2	-	-
Enterprise Value (EV) ¹	772.8	585.1	887.5	664.8	502.5	556.2	538.4	516.3
P/E ratio	42.6 x	2,065 x	58.3 x	27 x	-9.78 x	26.4 x	20 x	16.8 x
Yield	1.31%	-	1.47%	2.24%	2.36%	2.18%	2.45%	2.71%
Capitalization / Revenue	3.17 x	2.84 x	2.86 x	1.62 x	1.09 x	1.25 x	1.21 x	1.17 x
EV / Revenue	3.58 x	3.2 x	3.79 x	2.38 x	1.81 x	1.91 x	1.78 x	1.65 x
EV / EBITDA	11 x	10.2 x	12 x	8.16 x	6.52 x	6.82 x	6.27 x	5.7 x
EV / FCF	16.1 x	13.2 x	22.8 x	18.1 x	13.4 x	34.8 x	19.8 x	14.9 x
FCF Yield	6.2%	7.59%	4.38%	5.54%	7.46%	2.88%	5.06%	6.72%
Price to Book	3.13 x	2.37 x	2.53 x	1.65 x	-	1.49 x	1.4 x	1.32 x
Nbr of stocks (in thousands)	124,420	125,654	136,674	136,924	136,924	136,924	-	-
Reference price ²	5.500	4.130	4.900	3.300	2.200	2.660	2.660	2.660
Announcement Date	18/03/20	18/03/21	16/03/22	16/03/23	14/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	215.6	182.7	234.3	279	277.1	291.1	302	312.1
EBITDA ¹	70	57.4	74.2	81.5	77.1	81.54	85.88	90.52
EBIT ¹	45.2	31.7	46.2	51.9	44.3	47.85	51.94	55.65
Operating Margin	20.96%	17.35%	19.72%	18.6%	15.99%	16.44%	17.2%	17.83%
Earnings before Tax (EBT) ¹	24.8	4	23	23.3	-29	21.42	26.14	30.72
Net income ¹	16.7	0.2	11.5	16.8	-30.8	14.82	18.86	22.26
Net margin	7.75%	0.11%	4.91%	6.02%	-11.12%	5.09%	6.25%	7.13%
EPS ²	0.1290	0.002000	0.0840	0.1220	-0.2250	0.1007	0.1327	0.1587
Free Cash Flow ¹	47.9	44.4	38.9	36.8	37.5	16	27.22	34.7
FCF margin	22.22%	24.3%	16.6%	13.19%	13.53%	5.5%	9.01%	11.12%
FCF Conversion (EBITDA)	68.43%	77.35%	52.43%	45.15%	48.64%	19.62%	31.7%	38.33%
FCF Conversion (Net income)	286.83%	22,200%	338.26%	219.05%	-	107.96%	144.33%	155.87%
Dividend per Share ²	0.0720	-	0.0720	0.0740	0.0520	0.0580	0.0651	0.0721
Announcement Date	18/03/20	18/03/21	16/03/22	16/03/23	14/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	88.5	66.1	218	213	201	192	174	152
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.264 x	1.152 x	2.935 x	2.613 x	2.611 x	2.355 x	2.028 x	1.68 x
Free Cash Flow ¹	47.9	44.4	38.9	36.8	37.5	16	27.2	34.7
ROE (net income / shareholders' equity)	-	8.6%	12.8%	12.3%	9.18%	10.6%	11.4%	11.6%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	1.760	1.740	1.940	2.000	-	1.790	1.890	2.020
Cash Flow per Share ²	0.4400	0.4000	0.3500	0.3500	0.3500	0.3200	0.3500	0.4000
Capex ¹	9	7.3	8.8	11	10.3	18.5	14.1	14.3
Capex / Sales	4.17%	4%	3.76%	3.94%	3.72%	6.35%	4.66%	4.58%
Announcement Date	18/03/20	18/03/21	16/03/22	16/03/23	14/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.61 GBP

Average target price

3.12 GBP

Spread / Average Target

+19.54%