Financials Tigar a.d.

Equities

TIGR

RSTIGRE55421

Tires & Rubber Products

End-of-day quote Belgrade S.E. 23:00:00 07/05/2024 BST 5-day change 1st Jan Change
15 RSD -.--% Intraday chart for Tigar a.d. -.--% -21.05%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 352.6 334.3 326.2 187.6 130.5 163.1
Enterprise Value (EV) 1 4,456 4,408 4,597 4,555 130.5 5,343
P/E ratio 1.55 x -0.58 x -0.71 x -0.29 x -0.2 x -0.2 x
Yield - - - - - -
Capitalization / Revenue 0.15 x 0.14 x 0.13 x 0.08 x 0.05 x 0.06 x
EV / Revenue 1.89 x 1.8 x 1.85 x 1.91 x 0.05 x 1.83 x
EV / EBITDA -61.1 x -25 x -48.4 x -30.1 x -0.83 x -22.8 x
EV / FCF - 28,905,973 x - 26,169,171 x - -15,440,457 x
FCF Yield - 0% - 0% - -0%
Price to Book -0.26 x -0.19 x -0.15 x -0.07 x - -0.04 x
Nbr of stocks (in thousands) 7,665 8,153 8,156 8,156 8,156 8,156
Reference price 2 46.00 41.00 40.00 23.00 16.00 20.00
Announcement Date 30/04/18 30/04/19 30/06/20 29/04/21 29/04/22 28/04/23
1RSD in Million2RSD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 2,361 2,452 2,490 2,381 2,872 2,913
EBITDA 1 -72.9 -176.3 -94.94 -151.5 -157.3 -234.6
EBIT 1 -257.9 -312.3 -231 -279.5 -285.3 -344.9
Operating Margin -10.93% -12.74% -9.27% -11.74% -9.93% -11.84%
Earnings before Tax (EBT) 1 269.5 -560.8 -454.4 -645.2 -594.5 -784.7
Net income 1 227.1 -578.5 -462.5 -651.7 -644.1 -799.6
Net margin 9.62% -23.59% -18.57% -27.37% -22.42% -27.45%
EPS 2 29.63 -70.95 -56.70 -79.90 -78.97 -98.04
Free Cash Flow - 152.5 - 174.1 - -346.1
FCF margin - 6.22% - 7.31% - -11.88%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 30/04/18 30/04/19 30/06/20 29/04/21 29/04/22 28/04/23
1RSD in Million2RSD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 4,103 4,074 4,270 4,368 - 5,180
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -56.29 x -23.1 x -44.98 x -28.83 x - -22.08 x
Free Cash Flow - 152 - 174 - -346
ROE (net income / shareholders' equity) -15.6% 38.9% 24.6% 26.6% - 20.3%
ROA (Net income/ Total Assets) -2.87% -4.01% -3.03% -3.66% - -4.38%
Assets 1 -7,927 14,416 15,258 17,818 - 18,277
Book Value Per Share 2 -180.0 -213.0 -271.0 -351.0 - -537.0
Cash Flow per Share 2 16.30 14.70 10.40 30.00 - 20.90
Capex - 47.8 - 49.5 - 63.7
Capex / Sales - 1.95% - 2.08% - 2.18%
Announcement Date 30/04/18 30/04/19 30/06/20 29/04/21 29/04/22 28/04/23
1RSD in Million2RSD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA