Orthex

Overview

Financials & Estimates

Ownership

Dividend

Valuation

Income statement

Quarterly estimates

Valuation

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	2019	2020	2021	2022	2023	2024	2025	2026e	2027e	2028e	2029e
Revenue	66.4	75.9	88.7	84.0	85.9	89.7	87.2	89.4	93.2	96.2	99.4
growth-%		14.2 %	16.9 %	-5.2 %	2.2 %	4.4 %	-2.8 %	2.6 %	4.2 %	3.3 %	3.3 %
EBITDA	10.7	16.5	13.2	9.2	14.9	14.3	14.7	13.9	14.9	16.1	17.1
EBIT (adj.)	7.5	12.9	10.9	5.4	10.0	9.8	9.8	8.7	10.0	11.0	11.8
EBIT	6.5	12.3	9.3	5.2	10.8	9.8	9.8	8.7	10.0	11.0	11.8
Profit before taxes	2.4	9.9	7.7	3.0	8.5	7.8	8.6	7.4	8.5	9.5	10.4
Net income	2.0	7.7	6.0	2.1	6.9	6.1	6.8	5.9	6.7	7.5	8.2
EPS (adj.)	0.19	0.51	0.43	0.13	0.35	0.34	0.38	0.33	0.38	0.42	0.46
growth-%		174.7 %	-15.4 %	-70.0 %	169.9 %	-1.2 %	10.9 %	-13.4 %	15.0 %	11.6 %	9.6 %
Dividend	0.00	0.00	0.18	0.11	0.21	0.22	0.23	0.24	0.25	0.28	0.30
Dividend ratio			53.0 %	92.2 %	54.1 %	63.9 %	60.3 %	72.6 %	65.8 %	66.1 %	64.6 %

	2019	2020	2021	2022	2023	2024	2025	2026e	2027e	2028e	2029e
EBITDA-%	16.1 %	21.8 %	14.9 %	11.0 %	17.3 %	15.9 %	16.8 %	15.5 %	16.0 %	16.7 %	17.2 %
EBIT-% (adj.)	11.4 %	17.0 %	12.3 %	6.4 %	11.7 %	11.0 %	11.2 %	9.8 %	10.7 %	11.4 %	11.9 %
EBIT-%	9.8 %	16.2 %	10.4 %	6.2 %	12.5 %	11.0 %	11.2 %	9.8 %	10.7 %	11.4 %	11.9 %
ROE		49.0 %	24.7 %	6.9 %	21.5 %	17.4 %	17.8 %	14.2 %	15.5 %	16.3 %	16.7 %
ROI		20.2 %	13.9 %	7.5 %	16.0 %	14.6 %	14.5 %	12.8 %	14.6 %	15.4 %	16.0 %

	2019	2020	2021	2022	2023	2024	2025	2026e	2027e	2028e	2029e
Revenue	66.4	75.9	88.7	84.0	85.9	89.7	87.2	89.4	93.2	96.2	99.4
growth-%		14.2 %	16.9 %	-5.2 %	2.2 %	4.4 %	-2.8 %	2.6 %	4.2 %	3.3 %	3.3 %
EBITDA	10.7	16.5	13.2	9.2	14.9	14.3	14.7	13.9	14.9	16.1	17.1
EBIT (adj.)	7.5	12.9	10.9	5.4	10.0	9.8	9.8	8.7	10.0	11.0	11.8
EBIT	6.5	12.3	9.3	5.2	10.8	9.8	9.8	8.7	10.0	11.0	11.8
Profit before taxes	2.4	9.9	7.7	3.0	8.5	7.8	8.6	7.4	8.5	9.5	10.4
Net income	2.0	7.7	6.0	2.1	6.9	6.1	6.8	5.9	6.7	7.5	8.2
EPS (adj.)	0.19	0.51	0.43	0.13	0.35	0.34	0.38	0.33	0.38	0.42	0.46
growth-%		174.7 %	-15.4 %	-70.0 %	169.9 %	-1.2 %	10.9 %	-13.4 %	15.0 %	11.6 %	9.6 %
Dividend	0.00	0.00	0.18	0.11	0.21	0.22	0.23	0.24	0.25	0.28	0.30
Dividend ratio			53.0 %	92.2 %	54.1 %	63.9 %	60.3 %	72.6 %	65.8 %	66.1 %	64.6 %

	2019	2020	2021	2022	2023	2024	2025	2026e	2027e	2028e	2029e
EBITDA-%	16.1 %	21.8 %	14.9 %	11.0 %	17.3 %	15.9 %	16.8 %	15.5 %	16.0 %	16.7 %	17.2 %
EBIT-% (adj.)	11.4 %	17.0 %	12.3 %	6.4 %	11.7 %	11.0 %	11.2 %	9.8 %	10.7 %	11.4 %	11.9 %
EBIT-%	9.8 %	16.2 %	10.4 %	6.2 %	12.5 %	11.0 %	11.2 %	9.8 %	10.7 %	11.4 %	11.9 %
ROE		49.0 %	24.7 %	6.9 %	21.5 %	17.4 %	17.8 %	14.2 %	15.5 %	16.3 %	16.7 %
ROI		20.2 %	13.9 %	7.5 %	16.0 %	14.6 %	14.5 %	12.8 %	14.6 %	15.4 %	16.0 %

Valuation

4.33 EUR

-0.69 %

Income statement

Profitability and return on capital

Valuation

Orthex

4.33 EUR

-0.69 %

Income statement

Profitability and return on capital