MTAASCF
Market cap1.66bUSD
Nov 14, Last price
26.00EUR
Name
Salcef Group
Chart & Performance
P/E
25.68
P/S
2.02
EPS
1.01
Div Yield, %
1.94%
Shrs. gr., 5y
9.02%
Rev. gr., 5y
20.14%
Revenues
785m
+41.58%
Net income
62m
+36.98%
CFO
81m
-34.82%
Dividend
May 13, 20240.55 EUR/sh
Earnings
Apr 22, 2025
Profile
Salcef Group S.p.A. designs, constructs, and maintains railway infrastructure and civil works worldwide. The company is involved in the renewal and replacement of railway lines and sleepers, cleaning and replacement of ballasts, levelling of tracks, reactivation of lines, and destressing activities; construction of ballasted and ballastless tracks; execution of light civil and infrastructural works, such as industrial engineering, restyling bridges and tunnels, modernizing stations, building small underpasses and overpasses, and rebuilding road networks; and provision of rail grinding services. It also designs, constructs, sells, and maintains rolling stock and railway equipment, including modular platforms, motor trolleys, trolleys with cranes, concrete dispensers, and track positioning jigs, as well as provides used equipment and after-sales services. In addition, the company engages in the design, construction, installation, renewal, and maintenance of various electrification systems for railway, metro, and tram lines; signaling, technological, and telecommunication systems; and electrical transmission and overhead power lines, as well as underground cables. Further, it manufactures and sells various types of railway sleepers, precast reinforced concrete slabs, and precast tunnel lining segments; undertakes architectural, structural, and plant engineering projects comprising railway stations, bridges and viaducts, railway tunnels, and environmental mitigation works; and offers design and engineering services for railway and infrastructures works. The company was founded in 1949 and is headquartered in Rome, Italy. Salcef Group S.p.A. is a subsidiary of Finhold S.r.l.
Valuation
Title EUR in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
| Income | |||||||||
Revenues | 785,336 41.58% | 554,709 27.65% | 434,552 28.50% | ||||||
Cost of revenue | 586,510 | 328,556 | 239,265 | ||||||
Unusual Expense (Income) | |||||||||
NOPBT | 198,826 | 226,153 | 195,287 | ||||||
NOPBT Margin | 25.32% | 40.77% | 44.94% | ||||||
Operating Taxes | 31,620 | 21,721 | 20,992 | ||||||
Tax Rate | 15.90% | 9.60% | 10.75% | ||||||
NOPAT | 167,206 | 204,432 | 174,295 | ||||||
Net income | 61,903 36.98% | 45,190 15.66% | 39,071 -5.05% | ||||||
Dividends | (30,801) | (28,475) | (21,314) | ||||||
Dividend yield | 2.04% | 2.65% | 1.50% | ||||||
Proceeds from repurchase of equity | (20,902) | (696) | 102,284 | ||||||
BB yield | 1.38% | 0.06% | -7.22% | ||||||
| Debt | |||||||||
Debt current | 94,334 | 98,715 | 68,645 | ||||||
Long-term debt | 154,534 | 141,662 | 94,236 | ||||||
Deferred revenue | 183,419 | 99,476 | |||||||
Other long-term liabilities | 13,300 | (166,321) | (88,177) | ||||||
Net debt | 22,367 | 104,996 | (3,336) | ||||||
| Cash flow | |||||||||
Cash from operating activities | 81,270 | 124,677 | 68,948 | ||||||
CAPEX | (62,935) | (73,788) | (49,700) | ||||||
Cash from investing activities | (22,126) | (139,303) | (85,528) | ||||||
Cash from financing activities | (53,263) | (20,369) | 119,557 | ||||||
FCF | 89,445 | 189,317 | 124,595 | ||||||
| Balance | |||||||||
Cash | 225,728 | 276,434 | 267,764 | ||||||
Long term investments | 773 | (141,052) | (101,547) | ||||||
Excess cash | 187,234 | 107,646 | 144,489 | ||||||
Stockholders' equity | 430,597 | 390,570 | 260,973 | ||||||
Invested Capital | 510,318 | 566,550 | 435,315 | ||||||
ROIC | 31.05% | 40.81% | 45.46% | ||||||
ROCE | 27.96% | 33.16% | 33.49% | ||||||
| EV | |||||||||
Common stock shares outstanding | 61,380 | 61,737 | 57,380 | ||||||
Price | 24.65 41.50% | 17.42 -29.47% | 24.70 112.02% | ||||||
Market cap | 1,513,028 40.69% | 1,075,455 -24.12% | 1,417,285 137.18% | ||||||
EV | 1,538,261 | 1,183,101 | 1,416,284 | ||||||
EBITDA | 253,996 | 261,423 | 222,650 | ||||||
EV/EBITDA | 6.06 | 4.53 | 6.36 | ||||||
Interest | 4,994 | 3,122 | 1,623 | ||||||
Interest/NOPBT | 2.51% | 1.38% | 0.83% | ||||||