Financials VOGO

Equities

Market Closed - Euronext Paris Other stock markets 16:35:22 26/04/2024 BST			5-day change	1st Jan Change
4 ^EUR	-1.23%		-4.08%	-21.26%

2023	Vogo SA Reports Earnings Results for the Half Year Ended June 30, 2023	CI
2023	Vogo SA Reports Earnings Results for the Full Year Ended December 31, 2022	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	38.51	38.51	40.22	24.85	17.07	19.84	19.84	-
Enterprise Value (EV) ¹	28	37.1	38	26.72	21.44	25.2	25.23	19.84
P/E ratio	-19 x	-14 x	-12.3 x	-15.8 x	-12.1 x	-14.3 x	-30.8 x	-
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	34.8 x	21.6 x	7.22 x	2.91 x	1.42 x	2.62 x	1.39 x	1.17 x
EV / Revenue	25.3 x	20.8 x	6.82 x	3.13 x	1.79 x	2.62 x	1.76 x	1.17 x
EV / EBITDA	-31 x	-19.7 x	-17.4 x	-41.6 x	190 x	-45.2 x	31.5 x	11 x
EV / FCF	-29.9 x	-17.9 x	-11.3 x	-8.99 x	-8.74 x	-14.7 x	-12.6 x	-22 x
FCF Yield	-3.35%	-5.58%	-8.84%	-11.1%	-11.4%	-6.82%	-7.93%	-4.54%
Price to Book	3.52 x	4.46 x	4.29 x	3.17 x	2.63 x	1.86 x	1.63 x	1.81 x
Nbr of stocks (in thousands)	3,501	3,501	4,087	4,088	4,065	4,961	4,961	-
Reference price ²	11.00	11.00	9.840	6.080	4.200	4.000	4.000	4.000
Announcement Date	23/04/19	30/03/20	30/04/21	05/04/22	05/04/23	10/04/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	1.106	1.786	5.57	8.54	12	9.616	14.3	16.9
EBITDA ¹	-0.902	-1.885	-2.19	-0.642	0.113	-0.557	0.8	1.8
EBIT ¹	-1.353	-2.915	-3.23	-1.792	-1.255	-2.239	-1.1	-
Operating Margin	-122.33%	-163.21%	-57.98%	-20.98%	-10.46%	-23.28%	-7.69%	-
Earnings before Tax (EBT) ¹	-2.131	-2.94	-3.476	-1.783	-1.559	-1.636	-1.064	-
Net income ¹	-2.041	-2.773	-3.262	-1.47	-1.204	-2.047	-0.8	-
Net margin	-184.54%	-155.26%	-58.55%	-17.21%	-10.03%	-21.29%	-5.59%	-
EPS ²	-0.5800	-0.7880	-0.7980	-0.3850	-0.3470	-0.2796	-0.1300	-
Free Cash Flow ¹	-0.9374	-2.071	-3.359	-2.973	-2.455	-1.5	-2	-0.9
FCF margin	-84.76%	-115.96%	-60.31%	-34.81%	-20.45%	-15.62%	-13.99%	-5.33%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	23/04/19	30/03/20	30/04/21	05/04/22	05/04/23	10/04/24	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	1.86	4.37	2.15	5.39	-
Net Cash position ¹	10.5	1.42	2.21	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-2.904 x	38.68 x	-5.372 x	6.736 x	-
Free Cash Flow ¹	-0.94	-2.07	-3.36	-2.97	-2.45	-1.5	-2	-0.9
ROE (net income / shareholders' equity)	-33.9%	-28.3%	-38.3%	-17.1%	-16.8%	-16.1%	-6.5%	-0.2%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	3.120	2.470	2.290	1.920	1.600	2.150	2.460	2.210
Cash Flow per Share ²	-0.2700	-0.4600	-0.5900	-0.4100	-0.0400	-0.1900	-0.0300	-
Capex ¹	0	0.46	0.94	1.4	2.29	2.1	2	2.3
Capex / Sales	0.39%	25.98%	16.78%	16.44%	19.07%	21.87%	13.99%	13.61%
Announcement Date	23/04/19	30/03/20	30/04/21	05/04/22	05/04/23	10/04/24	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4 EUR

Average target price

5.5 EUR

Spread / Average Target

+37.50%

	1st Jan change	Capi.
VOGO	-21.26%	21.18M
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SHANGHAI YAOJI TECHNOLOGY CO., LTD.	+7.97%	1.36B
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KAKAO GAMES CORP.	-18.38%	1.25B