Financials Ringmetall Xetra

Equities

End-of-day quote Xetra Other stock markets 23:00:00 04/02/2024 GMT			5-day change	1st Jan Change
3.16 ^EUR	+0.64%		-5.39%	+3.27%

02-06	Transcript : Ringmetall SE, 2023 Earnings Call, Feb 06, 2024
2021	German's Ringmetall Raises Guidance Citing FX Rates -- Currency Comment	DJ

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	79.73	76.74	71.8	126.7	120.6	109.3	109.3	-
Enterprise Value (EV) ¹	91.15	104.1	99.76	153.8	141.2	109.3	109.3	109.3
P/E ratio	16.9 x	29.3 x	30.9 x	8.72 x	7.98 x	25.1 x	15 x	11.1 x
Yield	2.08%	2.27%	2.43%	2.06%	2.41%	2.13%	2.13%	2.39%
Capitalization / Revenue	0.72 x	0.64 x	0.61 x	0.74 x	0.57 x	0.6 x	0.58 x	0.51 x
EV / Revenue	0.72 x	0.64 x	0.61 x	0.74 x	0.57 x	0.6 x	0.58 x	0.51 x
EV / EBITDA	6.54 x	7.65 x	5.89 x	4.76 x	4.26 x	6.11 x	4.73 x	4.05 x
EV / FCF	21.3 x	10.6 x	6.57 x	11.2 x	7.51 x	-64.3 x	31.2 x	-19.9 x
FCF Yield	4.69%	9.46%	15.2%	8.91%	13.3%	-1.56%	3.2%	-5.03%
Price to Book	-	1.57 x	1.47 x	2.02 x	1.58 x	-	-	-
Nbr of stocks (in thousands)	27,685	29,069	29,069	29,069	29,069	29,069	29,069	-
Reference price ²	2.880	2.640	2.470	4.360	4.150	3.760	3.760	3.760
Announcement Date	30/04/19	30/04/20	30/04/21	28/04/22	28/04/23	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	110.6	120.6	118	172.3	213.5	181.4	188.1	212.6
EBITDA ¹	12.2	10.03	12.18	26.62	28.3	17.9	23.1	27
EBIT ¹	8.28	4.969	5.987	20.18	21.28	10.1	14.4	18.7
Operating Margin	7.49%	4.12%	5.07%	11.71%	9.97%	5.57%	7.66%	8.8%
Earnings before Tax (EBT) ¹	7.655	3.859	4.28	19.54	20.55	8.3	12.3	16.7
Net income ¹	4.847	2.707	2.388	14.45	15.22	4.8	8	10.9
Net margin	4.38%	2.24%	2.02%	8.38%	7.13%	2.65%	4.25%	5.13%
EPS ²	0.1700	0.0900	0.0800	0.5000	0.5200	0.1500	0.2500	0.3400
Free Cash Flow ¹	3.736	7.261	10.93	11.29	16.06	-1.7	3.5	-5.5
FCF margin	3.38%	6.02%	9.27%	6.55%	7.52%	-0.94%	1.86%	-2.59%
FCF Conversion (EBITDA)	30.62%	72.4%	89.75%	42.42%	56.73%	-	15.15%	-
FCF Conversion (Net income)	77.08%	268.23%	457.79%	78.16%	105.45%	-	43.75%	-
Dividend per Share ²	0.0600	0.0600	0.0600	0.0900	0.1000	0.0800	0.0800	0.0900
Announcement Date	30/04/19	30/04/20	30/04/21	28/04/22	28/04/23	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	11.4	27.4	28	27	20.6	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.9358 x	2.73 x	2.296 x	1.015 x	0.7263 x	-	-	-
Free Cash Flow ¹	3.74	7.26	10.9	11.3	16.1	-1.7	3.5	-5.5
ROE (net income / shareholders' equity)	11.1%	5.61%	4.89%	25.9%	11.9%	-	-	-
ROA (Net income/ Total Assets)	6.13%	2.97%	-	-	-	-	-	-
Assets ¹	79.03	91.14	-	-	-	-	-	-
Book Value Per Share	-	1.680	1.680	2.160	2.630	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	4.51	2.3	1.25	2.78	2.38	18.4	9.5	20.8
Capex / Sales	4.08%	1.91%	1.06%	1.61%	1.12%	10.14%	5.05%	9.78%
Announcement Date	30/04/19	30/04/20	30/04/21	28/04/22	28/04/23	-	-	-

¹EUR in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3.76 EUR

Average target price

5.6 EUR

Spread / Average Target

+48.94%

	1st Jan change	Capi.
ATLAS COPCO AB	+11.73%	82.35B
PARKER-HANNIFIN CORPORATION	+20.17%	71.09B
INGERSOLL RAND INC.	+20.89%	37.72B
XYLEM INC.	+15.77%	32.01B
FANUC CORPORATION	+9.19%	27.2B
FORTIVE CORPORATION	+3.18%	26.74B
SANDVIK AB	+4.22%	26B
TECHTRONIC INDUSTRIES CO. LTD.	+16.93%	25.5B
DOVER CORPORATION	+17.14%	24.76B