Financials Vee S.A.

Equities

VEE

PLVCTCM00019

Business Support Services

End-of-day quote Warsaw S.E. 23:00:00 30/05/2024 BST 5-day change 1st Jan Change
22.95 PLN -1.71% Intraday chart for Vee S.A. -5.17% +5.76%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 168 90.72 61.6 27.4 133 28.76
Enterprise Value (EV) 1 171.4 98.21 62.18 28.95 136.8 30.77
P/E ratio 18 x 6.43 x -5.79 x -218 x -34.5 x -5.85 x
Yield - - - - - -
Capitalization / Revenue 13.4 x 3.79 x 9.84 x 18 x 70.6 x 10 x
EV / Revenue 13.6 x 4.1 x 9.94 x 19 x 72.6 x 10.8 x
EV / EBITDA 14.7 x 4.49 x -5.9 x -5.6 x -32.1 x -6.26 x
EV / FCF 35.3 x 6.13 x -3.46 x 9.11 x 79.1 x -5.82 x
FCF Yield 2.83% 16.3% -28.9% 11% 1.26% -17.2%
Price to Book 9.77 x 2.9 x 2.54 x 0.95 x 5.36 x 1.16 x
Nbr of stocks (in thousands) 1,120 1,120 1,120 1,330 1,330 1,663
Reference price 2 150.0 81.00 55.00 20.60 100.0 17.30
Announcement Date 31/05/18 16/06/19 15/05/20 31/05/21 31/05/22 31/05/23
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 12.57 23.97 6.258 1.522 1.885 2.862
EBITDA 1 11.7 21.89 -10.54 -5.173 -4.264 -4.913
EBIT 1 11.68 21.87 -10.55 -5.184 -4.275 -4.937
Operating Margin 92.96% 91.25% -168.55% -340.6% -226.83% -172.49%
Earnings before Tax (EBT) 1 11.5 18.19 -12.25 -5.239 -4.329 -5.129
Net income 1 9.346 14.1 -10.64 -0.1259 -3.86 -4.92
Net margin 74.37% 58.85% -170% -8.27% -204.81% -171.9%
EPS 2 8.345 12.59 -9.499 -0.0947 -2.902 -2.959
Free Cash Flow 1 4.856 16.02 -17.98 3.176 1.728 -5.291
FCF margin 38.64% 66.84% -287.29% 208.67% 91.71% -184.86%
FCF Conversion (EBITDA) 41.51% 73.19% - - - -
FCF Conversion (Net income) 51.96% 113.59% - - - -
Dividend per Share - - - - - -
Announcement Date 31/05/18 16/06/19 15/05/20 31/05/21 31/05/22 31/05/23
1PLN in Million2PLN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 3.42 7.49 0.58 1.55 3.79 2.01
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.2923 x 0.3423 x -0.0547 x -0.2992 x -0.8896 x -0.4099 x
Free Cash Flow 1 4.86 16 -18 3.18 1.73 -5.29
ROE (net income / shareholders' equity) 75.4% 58.2% -35.4% -0.44% -14.4% -19.8%
ROA (Net income/ Total Assets) 37.2% 35.9% -15% -8.86% -7.75% -9.41%
Assets 1 25.13 39.31 70.74 1.421 49.82 52.27
Book Value Per Share 2 15.40 28.00 21.70 21.60 18.70 14.90
Cash Flow per Share 2 0.2000 0.1100 0.1100 0.2600 0.2200 0.1600
Capex 1 0.05 0.01 5.89 - 0.07 0.06
Capex / Sales 0.43% 0.06% 94.14% - 3.85% 2.05%
Announcement Date 31/05/18 16/06/19 15/05/20 31/05/21 31/05/22 31/05/23
1PLN in Million2PLN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA