Projected Income Statement: Nexans

Forecast Balance Sheet: Nexans

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 74 182 214 681 266 708 431 80.6
Change - 145.95% 17.58% 218.22% -60.94% 166.17% -39.12% -81.3%
Announcement Date 2/16/22 A 2/15/23 A 2/15/24 A 2/19/25 A 2/19/26 A - - -
1EUR in Million
Estimates

Cash Flow Forecast: Nexans

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 206 298 377 378 383 384.6 303.8 286.1
Change - 44.66% 26.51% 0.27% 1.32% 0.41% -21.01% -5.83%
Free Cash Flow (FCF) 1 195 246 323 397 425 321.9 447.7 551.6
Change - 26.15% 31.3% 22.91% 7.05% -24.27% 39.1% 23.2%
Announcement Date 2/16/22 A 2/15/23 A 2/15/24 A 2/19/25 A 2/19/26 A - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Nexans

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 7.65% 8.88% 10.01% 11.36% 11.93% 12.03% 12.85% 13.95%
EBIT Margin (%) 4.94% 6.23% 6.63% 8% 7.2% 7.94% 8.8% 9.87%
EBT Margin (%) 3.91% 5.03% 4.48% 5.62% 5.18% 6.44% 7.39% 8.63%
Net margin (%) 2.71% 3.63% 3.39% 3.94% 5.77% 4.56% 5.3% 6.19%
FCF margin (%) 3.22% 3.65% 4.96% 5.61% 6.97% 4.79% 6.14% 7.23%
FCF / Net Income (%) 118.9% 100.41% 146.15% 142.29% 120.74% 105.07% 115.76% 116.74%

Profitability

        
ROA 3.03% 4.09% 3.42% 3.93% 4.48% 3.35% 4.27% 5.04%
ROE 12.32% 15.81% 13.21% 15.91% 18.49% 15.68% 16.61% 18.28%

Financial Health

        
Leverage (Debt/EBITDA) 0.16x 0.3x 0.33x 0.85x 0.37x 0.88x 0.46x 0.08x
Debt / Free cash flow 0.38x 0.74x 0.66x 1.72x 0.63x 2.2x 0.96x 0.15x

Capital Intensity

        
CAPEX / Current Assets (%) 3.4% 4.42% 5.79% 5.34% 6.28% 5.73% 4.16% 3.75%
CAPEX / EBITDA (%) 44.49% 49.75% 57.82% 47.01% 52.64% 47.6% 32.41% 26.88%
CAPEX / FCF (%) 105.64% 121.14% 116.72% 95.21% 90.12% 119.49% 67.85% 51.87%

Items per share

        
Cash flow per share 1 8.945 12.12 15.57 17.22 17.99 12.41 15.48 16.33
Change - 35.51% 28.44% 10.61% 4.48% -31.05% 24.76% 5.53%
Dividend per Share 1 1.2 2.1 2.3 2.6 2.9 3.127 3.493 3.806
Change - 75% 9.52% 13.04% 11.54% 7.82% 11.71% 8.96%
Book Value Per Share 1 33.16 38.01 38.85 41.61 44.43 50.04 55.65 63.22
Change - 14.63% 2.2% 7.12% 6.77% 12.64% 11.21% 13.6%
EPS 1 3.66 5.47 4.92 6.2 7.84 7.073 8.692 10.71
Change - 49.45% -10.05% 26.02% 26.45% -9.79% 22.89% 23.19%
Nbr of stocks (in thousands) 43,730 43,202 43,658 43,564 42,974 43,724 43,724 43,724
Announcement Date 2/16/22 A 2/15/23 A 2/15/24 A 2/19/25 A 2/19/26 A - - -
1EUR
Estimates
2026 *2027 *
P/E 19.3x 15.7x
PBR 2.73x 2.45x
EV / Sales 0.99x 0.88x
Yield 2.29% 2.56%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
136.60EUR
Average target price
171.73EUR
Spread / Average Target
+25.72%

Quarterly revenue - Rate of surprise