Financials Vesuvius plc OTC Markets

Equities

CKSNY

US92550C2035

Industrial Machinery & Equipment

Delayed OTC Markets Other stock markets 19:49:24 16/10/2023 BST			5-day change	1st Jan Change
5.09 ^USD	-.--%		-.--%	-.--%

05-28	Vesuvius plc Announces Directorate and Committee Change	CI
05-17	Vesuvius plc Appoints Eva Lindqvist as Non-Executive Director	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,342	1,446	1,216	1,091	1,290	1,275	-	-
Enterprise Value (EV) ¹	1,558	1,621	1,493	1,346	1,528	1,541	1,478	1,407
P/E ratio	16.9 x	35.1 x	12 x	6.06 x	11 x	10.9 x	9.2 x	7.87 x
Yield	1.24%	3.24%	4.71%	5.5%	4.78%	4.99%	5.29%	5.66%
Capitalization / Revenue	0.78 x	0.99 x	0.74 x	0.53 x	0.67 x	0.66 x	0.64 x	0.62 x
EV / Revenue	0.91 x	1.11 x	0.91 x	0.66 x	0.79 x	0.8 x	0.74 x	0.68 x
EV / EBITDA	6.75 x	10.7 x	7.77 x	4.76 x	5.92 x	5.71 x	4.97 x	4.36 x
EV / FCF	13.1 x	14.5 x	1,659 x	10.8 x	12.3 x	17.3 x	10.1 x	6.92 x
FCF Yield	7.62%	6.91%	0.06%	9.28%	8.11%	5.79%	9.87%	14.4%
Price to Book	1.27 x	1.34 x	1.17 x	0.86 x	1.03 x	1 x	0.93 x	0.88 x
Nbr of stocks (in thousands)	268,340	269,495	270,121	269,996	268,107	265,583	-	-
Reference price ²	5.000	5.365	4.502	4.042	4.812	4.845	4.845	4.845
Announcement Date	27/02/20	04/03/21	03/03/22	02/03/23	29/02/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,710	1,458	1,643	2,047	1,930	1,931	2,005	2,070
EBITDA ¹	230.8	152	192.2	282.7	258.2	269.9	297.6	323
EBIT ¹	181.4	101.4	142.4	227.2	200.4	201.9	228.3	254.8
Operating Margin	10.61%	6.95%	8.67%	11.1%	10.38%	10.46%	11.39%	12.31%
Earnings before Tax (EBT) ¹	118.6	64.5	127.6	206.6	179.4	182.1	212.6	246.5
Net income ¹	80.3	41.3	102.1	181.1	118.5	121	140.8	158.2
Net margin	4.69%	2.83%	6.21%	8.85%	6.14%	6.27%	7.02%	7.64%
EPS ²	0.2960	0.1530	0.3750	0.6670	0.4360	0.4425	0.5264	0.6153
Free Cash Flow ¹	118.7	112	0.9	125	123.9	89.24	145.9	203.3
FCF margin	6.94%	7.68%	0.05%	6.11%	6.42%	4.62%	7.28%	9.82%
FCF Conversion (EBITDA)	51.43%	73.68%	0.47%	44.22%	47.99%	33.07%	49.02%	62.93%
FCF Conversion (Net income)	147.82%	271.19%	0.88%	69.02%	104.56%	73.72%	103.61%	128.5%
Dividend per Share ²	0.0620	0.1740	0.2120	0.2225	0.2300	0.2418	0.2564	0.2740
Announcement Date	27/02/20	04/03/21	03/03/22	02/03/23	29/02/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1
Net sales ¹	821	738.3	808.1	834.8	1,016	1,032	995.3	934.5	947
EBITDA	107	-	76.5	115.7	-	129.1	-	-	-
EBIT ¹	82.5	-	73.3	69.1	127.4	99.8	104.9	-	104
Operating Margin	10.05%	-	9.07%	8.28%	12.54%	9.68%	10.54%	-	10.98%
Earnings before Tax (EBT)	40	-	-	-	-	89.9	-	-	-
Net income	-	-	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-	-
EPS	0.1030	-	-	-	-	-	-	-	-
Dividend per Share	-	0.1430	0.0620	0.1500	0.0650	0.1575	0.0680	-	-
Announcement Date	27/02/20	04/03/21	29/07/21	03/03/22	28/07/22	02/03/23	27/07/23	29/02/24	-

¹GBP in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	216	175	277	255	238	266	204	133
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.9372 x	1.152 x	1.442 x	0.902 x	0.9218 x	0.9853 x	0.684 x	0.4104 x
Free Cash Flow ¹	119	112	0.9	125	124	89.2	146	203
ROE (net income / shareholders' equity)	7.46%	3.85%	9.62%	15.7%	9.43%	9.75%	10.9%	11.5%
ROA (Net income/ Total Assets)	5.65%	1.99%	4.89%	8.11%	5.13%	5.35%	6.03%	6.51%
Assets ¹	1,420	2,077	2,090	2,233	2,308	2,263	2,336	2,429
Book Value Per Share ²	3.950	4.000	3.860	4.670	4.660	4.860	5.180	5.520
Cash Flow per Share ²	0.6800	0.5600	0.1700	0.7800	0.8000	0.7600	0.8500	0.9200
Capex ¹	65.4	40.5	44.3	86.1	92.6	97.6	70.5	72.4
Capex / Sales	3.82%	2.78%	2.7%	4.21%	4.8%	5.06%	3.52%	3.5%
Announcement Date	27/02/20	04/03/21	03/03/22	02/03/23	29/02/24	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Vesuvius plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.845 GBP

Average target price

5.677 GBP

Spread / Average Target

+17.18%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Industrial Process Furnace & Ovens

	1st Jan change	Capi.
VESUVIUS INDIA LIMITED	+48.42%	1.29B
JC FINANCE & TAX INTERCONNECT HOLDINGS LTD.	-22.73%	710M
ONEJOON CO., LTD.	-17.13%	167M
CHUGAI RO CO., LTD.	+27.94%	142M
JNK GLOBAL CO.,LTD.	-18.13%	74.67M
SECO/WARWICK S.A.	+13.33%	74.44M
MEGATHERM INDUCTION LIMITED	0.00%	72.14M

Industrial Process Furnace & Ovens