Financials Webuild S.p.A.

Equities

WBD

IT0003865570

Construction & Engineering

Market Closed - Borsa Italiana 16:44:59 21/06/2024 BST 5-day change 1st Jan Change
2.042 EUR -1.64% Intraday chart for Webuild S.p.A. +4.83% +11.77%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,440 1,061 2,087 1,362 1,824 2,043 - -
Enterprise Value (EV) 1 2,071 1,503 1,620 1,362 1,372 1,401 1,360 1,284
P/E ratio -40.1 x 7.39 x -6.3 x 138 x 13.1 x 9.94 x 8.89 x 7.62 x
Yield 1.87% 4.65% 2.64% - 3.89% 3.74% 4.17% 4.19%
Capitalization / Revenue 0.27 x 0.2 x 0.32 x 0.17 x 0.18 x 0.18 x 0.18 x 0.16 x
EV / Revenue 0.39 x 0.28 x 0.25 x 0.17 x 0.14 x 0.13 x 0.12 x 0.1 x
EV / EBITDA 4.9 x 1.93 x 3.59 x 2.38 x 1.67 x 1.52 x 1.37 x 1.17 x
EV / FCF -172 x 49.3 x 1.61 x - 0.93 x -1.98 x 11.3 x 7.3 x
FCF Yield -0.58% 2.03% 62.3% - 107% -50.5% 8.87% 13.7%
Price to Book 0.63 x 0.74 x 1.22 x 0.85 x 1.2 x 1.18 x 1.2 x 1.12 x
Nbr of stocks (in thousands) 892,457 892,457 1,000,229 985,202 994,947 994,041 - -
Reference price 2 1.605 1.182 2.080 1.375 1.827 2.042 2.042 2.042
Announcement Date 11/03/20 22/03/21 18/03/22 16/03/23 15/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,331 5,315 6,552 8,091 9,951 11,131 11,629 12,651
EBITDA 1 422.6 779.1 451.3 572 819 922.8 989.6 1,101
EBIT 1 183.9 563.3 197.6 321 475 545.9 637.7 724.7
Operating Margin 3.45% 10.6% 3.02% 3.97% 4.77% 4.9% 5.48% 5.73%
Earnings before Tax (EBT) 1 55.91 174.1 80.27 110.8 263.5 347.2 437 596.5
Net income 1 -22.13 147 -304.9 9.893 124 198.8 229.7 268.7
Net margin -0.42% 2.77% -4.65% 0.12% 1.25% 1.79% 1.97% 2.12%
EPS 2 -0.0400 0.1600 -0.3300 0.0100 0.1400 0.2055 0.2297 0.2680
Free Cash Flow 1 -12.07 30.5 1,009 - 1,474 -707 120.6 176
FCF margin -0.23% 0.57% 15.39% - 14.81% -6.35% 1.04% 1.39%
FCF Conversion (EBITDA) - 3.92% 223.51% - 180% - 12.19% 15.98%
FCF Conversion (Net income) - 20.75% - - 1,188.86% - 52.51% 65.51%
Dividend per Share 2 0.0300 0.0550 0.0550 - 0.0710 0.0764 0.0852 0.0855
Announcement Date 11/03/20 22/03/21 18/03/22 16/03/23 15/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 S2 2022 S1 2023 S1 2023 S2
Net sales 1 3,047 - 3,873 4,564 5,387
EBITDA 1 183.4 267.9 251.3 288.6 530.4
EBIT 1 47.09 150.5 124.2 138.6 336.4
Operating Margin 1.55% - 3.21% 3.04% 6.25%
Earnings before Tax (EBT) -10.44 - - - -
Net income -59.36 -245.6 -5.57 -33.05 -
Net margin -1.95% - -0.14% -0.72% -
EPS - - - - -
Dividend per Share - - - - -
Announcement Date 31/07/21 18/03/22 29/07/22 28/07/23 15/03/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 631 442 - - - - - -
Net Cash position 1 - - 467 - 452 642 683 759
Leverage (Debt/EBITDA) 1.494 x 0.5672 x - - - - - -
Free Cash Flow 1 -12.1 30.5 1,009 - 1,474 -707 121 176
ROE (net income / shareholders' equity) -1.98% 8.19% -20.3% 0.62% 8.02% 14.5% 15.3% 12.6%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 2.560 1.600 1.700 1.620 1.520 1.730 1.710 1.830
Cash Flow per Share 2 0.1600 0.2200 1.300 0.0300 1.920 0.5600 0.5300 -
Capex 1 98.9 166 205 - 419 625 505 575
Capex / Sales 1.85% 3.11% 3.13% - 4.21% 5.61% 4.35% 4.55%
Announcement Date 11/03/20 22/03/21 18/03/22 16/03/23 15/03/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
2.042 EUR
Average target price
2.75 EUR
Spread / Average Target
+34.67%
Consensus

Quarterly revenue - Rate of surprise

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