Financials S.C. Bucur S.A.

Equities

BUCV

ROBUCVACNOR6

Food Retail & Distribution

End-of-day quote Bucharest S.E. 23:00:00 03/06/2024 BST 5-day change 1st Jan Change
1.24 RON +3.33% Intraday chart for S.C. Bucur S.A. +25.25% +22.77%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 9.144 9.144 9.144 9.144 9.144 84.11
Enterprise Value (EV) 1 15.33 13.66 11.69 9.635 8.683 75.13
P/E ratio 22.7 x 84.4 x 6.01 x 4.62 x 3.93 x -1,535 x
Yield - - - 20% 32.8% -
Capitalization / Revenue 0.59 x 0.52 x 1.03 x 1.19 x 1.19 x 9.65 x
EV / Revenue 0.98 x 0.77 x 1.32 x 1.25 x 1.13 x 8.62 x
EV / EBITDA 17.2 x 10.6 x 4.32 x 3.48 x 2.72 x 111 x
EV / FCF -1.51 x -108 x 6.52 x 7.82 x 18.7 x 9.95 x
FCF Yield -66.3% -0.92% 15.3% 12.8% 5.35% 10%
Price to Book 0.09 x 0.09 x 0.08 x 0.08 x 0.08 x 0.78 x
Nbr of stocks (in thousands) 83,276 83,276 83,276 83,276 83,276 83,276
Reference price 2 0.1098 0.1098 0.1098 0.1098 0.1098 1.010
Announcement Date 02/05/19 30/04/20 23/04/21 29/04/22 27/04/23 26/04/24
1RON in Million2RON
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 15.61 17.73 8.884 7.685 7.672 8.718
EBITDA 1 0.8937 1.283 2.703 2.767 3.193 0.6789
EBIT 1 0.3944 0.4493 1.896 1.971 2.455 -0.0815
Operating Margin 2.53% 2.53% 21.34% 25.65% 31.99% -0.94%
Earnings before Tax (EBT) 1 0.4203 0.1084 1.522 1.981 2.325 0.1676
Net income 1 0.4035 0.1084 1.522 1.981 2.325 -0.0548
Net margin 2.58% 0.61% 17.13% 25.78% 30.3% -0.63%
EPS 2 0.004845 0.001301 0.0183 0.0238 0.0279 -0.000658
Free Cash Flow 1 -10.16 -0.1262 1.791 1.232 0.4646 7.548
FCF margin -65.09% -0.71% 20.17% 16.03% 6.06% 86.58%
FCF Conversion (EBITDA) - - 66.28% 44.52% 14.55% 1,111.81%
FCF Conversion (Net income) - - 117.69% 62.19% 19.99% -
Dividend per Share - - - 0.0220 0.0360 -
Announcement Date 02/05/19 30/04/20 23/04/21 29/04/22 27/04/23 26/04/24
1RON in Million2RON
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 6.19 4.52 2.55 0.49 - -
Net Cash position 1 - - - - 0.46 8.98
Leverage (Debt/EBITDA) 6.927 x 3.523 x 0.9418 x 0.1775 x - -
Free Cash Flow 1 -10.2 -0.13 1.79 1.23 0.46 7.55
ROE (net income / shareholders' equity) 0.38% 0.1% 1.42% 1.82% 2.11% -0.05%
ROA (Net income/ Total Assets) 0.22% 0.24% 1.03% 1.07% 1.34% -0.04%
Assets 1 185.2 44.98 147.6 185.2 173.6 124.6
Book Value Per Share 2 1.280 1.280 1.300 1.320 1.330 1.290
Cash Flow per Share 2 0.0100 0.0100 0.0300 0.0300 0.0200 0.1100
Capex 1 10.9 1.94 0.44 0.62 2.26 0.17
Capex / Sales 69.64% 10.95% 4.92% 8.13% 29.47% 1.89%
Announcement Date 02/05/19 30/04/20 23/04/21 29/04/22 27/04/23 26/04/24
1RON in Million2RON
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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