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Culti Milano, EnVent confirms Outperform and targets of 5.74 euros

MILANO (AIMnews.it) - EnVent confirms its Outperform recommendation on Culti Milano and the target price of 5.74 euros per share, with a potential upside of approximately 32%. In the light of the 2017 results, analysts now expect, for the current year, 7 million euros of turnover, 1.2 of ebitda (with a margin of 17.8%) and a net profit of 0.5 million of euros, while for 2019 estimates are 8 million in revenues, 1.5 in ebitda (margin of 18.6%) and 0.7 million in profits. The net cash flow, equal to 3.7 million in 2017 thanks to the IPO transaction, is expected to increase slightly (3.6 million at the end of 2018 and 3.9 at the end of 2019) with own funds of 8.9 million euros for 2018 and of € 9.4 million for 2019. The stock thus deals with 7.4x EV / EBIT 2018 and 6.2x that of 2019.

29/03/2018