Projected Income Statement: Nexans

Forecast Balance Sheet: Nexans

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 74 182 214 681 266 657 444 122
Change - 145.95% 17.58% 218.22% -60.94% 146.99% -32.42% -72.52%
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 1 206 298 377 378 383 374.5 283.7 272.2
Change - 44.66% 26.51% 0.27% 1.32% -2.23% -24.23% -4.05%
Free Cash Flow (FCF) 1 195 246 323 397 425 281.7 444.3 544.8
Change - 26.15% 31.3% 22.91% 7.05% -33.73% 57.74% 22.61%
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% 12.02% 12.85% 13.91%
EBIT Margin (%) 4.94% 6.23% 6.63% 8% 7.2% 7.43% 8.52% 9.51%
EBT Margin (%) 3.91% 5.03% 4.48% 5.62% 5.18% 6.25% 7.43% 8.64%
Net margin (%) 2.71% 3.63% 3.39% 3.94% 5.77% 4.68% 5.35% 6.23%
FCF margin (%) 3.22% 3.65% 4.96% 5.61% 6.97% 4.28% 6.2% 7.27%
FCF / Net Income (%) 118.9% 100.41% 146.15% 142.29% 120.74% 91.48% 115.94% 116.65%

Profitability

        
ROA 3.03% 4.09% 3.42% 3.93% 4.48% 3.82% 4.93% 5.34%
ROE 12.32% 15.81% 13.21% 15.91% 18.49% 14.98% 16.57% 17.99%

Financial Health

        
Leverage (Debt/EBITDA) 0.16x 0.3x 0.33x 0.85x 0.37x 0.83x 0.48x 0.12x
Debt / Free cash flow 0.38x 0.74x 0.66x 1.72x 0.63x 2.33x 1x 0.22x

Capital Intensity

        
CAPEX / Current Assets (%) 3.4% 4.42% 5.79% 5.34% 6.28% 5.69% 3.96% 3.63%
CAPEX / EBITDA (%) 44.49% 49.75% 57.82% 47.01% 52.64% 47.35% 30.81% 26.13%
CAPEX / FCF (%) 105.64% 121.14% 116.72% 95.21% 90.12% 132.95% 63.86% 49.97%

Items per share

        
Cash flow per share 1 8.945 12.12 15.57 17.22 17.99 13.11 15.32 15.79
Change - 35.51% 28.44% 10.61% 4.48% -27.17% 16.86% 3.1%
Dividend per Share 1 1.2 2.1 2.3 2.6 2.9 3.138 3.48 3.811
Change - 75% 9.52% 13.04% 11.54% 8.22% 10.89% 9.5%
Book Value Per Share 1 33.16 38.01 38.85 41.61 44.43 49.62 55.27 62.6
Change - 14.63% 2.2% 7.12% 6.77% 11.69% 11.38% 13.27%
EPS 1 3.66 5.47 4.92 6.2 7.84 6.844 8.548 10.44
Change - 49.45% -10.05% 26.02% 26.45% -12.7% 24.9% 22.14%
Nbr of stocks (in thousands) 43,730 43,202 43,658 43,564 42,974 43,738 43,738 43,738
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 19.8x 15.8x
PBR 2.73x 2.45x
EV / Sales 1x 0.89x
Yield 2.32% 2.57%

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
OUTPERFORM
Number of Analysts
15
Last Close Price
135.30EUR
Average target price
168.00EUR
Spread / Average Target
+24.17%

Quarterly revenue - Rate of surprise