Real-time Estimate
Tradegate
19:32:11 17/07/2024 BST
|
5-day change
|
1st Jan Change
|
516.2
EUR
|
-0.49%
|
|
-0.95%
|
-3.68%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
149,837
|
229,857
|
312,796
|
159,977
|
278,858
|
251,204
|
-
|
-
|
Enterprise Value (EV)
1 |
146,649
|
227,982
|
311,121
|
158,010
|
274,650
|
247,259
|
242,351
|
238,566
|
P/E ratio
|
51.6
x
|
44.2
x
|
65.6
x
|
34.1
x
|
51.8
x
|
47.3
x
|
35.1
x
|
29.7
x
|
Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization / Revenue
|
13.4
x
|
17.9
x
|
19.8
x
|
9.09
x
|
14.4
x
|
11.7
x
|
10.5
x
|
9.41
x
|
EV / Revenue
|
13.1
x
|
17.7
x
|
19.7
x
|
8.97
x
|
14.2
x
|
11.5
x
|
10.1
x
|
8.93
x
|
EV / EBITDA
|
28.8
x
|
36.3
x
|
38.7
x
|
18
x
|
28.1
x
|
23
x
|
20.3
x
|
18.1
x
|
EV / FCF
|
36.4
x
|
43
x
|
45.1
x
|
21.4
x
|
39.6
x
|
31.7
x
|
25.3
x
|
22.2
x
|
FCF Yield
|
2.75%
|
2.33%
|
2.22%
|
4.68%
|
2.53%
|
3.15%
|
3.96%
|
4.5%
|
Price to Book
|
14.4
x
|
17.5
x
|
21.4
x
|
11.4
x
|
17
x
|
16.7
x
|
15.1
x
|
11.3
x
|
Nbr of stocks (in thousands)
|
484,079
|
479,719
|
475,800
|
464,900
|
455,300
|
443,400
|
-
|
-
|
Reference price
2 |
309.5
|
479.2
|
657.4
|
344.1
|
612.5
|
566.5
|
566.5
|
566.5
|
Announcement Date
|
12/12/19
|
10/12/20
|
16/12/21
|
15/12/22
|
13/12/23
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,171
|
12,868
|
15,785
|
17,606
|
19,409
|
21,468
|
23,932
|
26,707
|
EBITDA
1 |
5,086
|
6,278
|
8,047
|
8,801
|
9,790
|
10,760
|
11,918
|
13,202
|
EBIT
1 |
4,461
|
5,521
|
7,259
|
7,945
|
8,918
|
9,887
|
11,055
|
12,476
|
Operating Margin
|
39.94%
|
42.9%
|
45.99%
|
45.13%
|
45.95%
|
46.06%
|
46.19%
|
46.71%
|
Earnings before Tax (EBT)
1 |
3,205
|
4,176
|
5,705
|
6,008
|
6,799
|
6,909
|
8,843
|
10,153
|
Net income
1 |
2,951
|
5,260
|
4,822
|
4,756
|
5,428
|
5,412
|
7,142
|
8,233
|
Net margin
|
26.42%
|
40.88%
|
30.55%
|
27.01%
|
27.97%
|
25.21%
|
29.84%
|
30.83%
|
EPS
2 |
6.000
|
10.83
|
10.02
|
10.10
|
11.82
|
11.99
|
16.14
|
19.07
|
Free Cash Flow
1 |
4,027
|
5,308
|
6,893
|
7,396
|
6,942
|
7,797
|
9,592
|
10,728
|
FCF margin
|
36.05%
|
41.25%
|
43.67%
|
42.01%
|
35.77%
|
36.32%
|
40.08%
|
40.17%
|
FCF Conversion (EBITDA)
|
79.18%
|
84.55%
|
85.66%
|
84.04%
|
70.91%
|
72.47%
|
80.49%
|
81.26%
|
FCF Conversion (Net income)
|
136.45%
|
100.91%
|
142.95%
|
155.51%
|
127.89%
|
144.07%
|
134.3%
|
130.3%
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
12/12/19
|
10/12/20
|
16/12/21
|
15/12/22
|
13/12/23
|
-
|
-
|
-
|
Fiscal Period: December |
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
2025 Q3
|
---|
Net sales
1 |
4,262
|
4,386
|
4,433
|
4,525
|
4,655
|
4,816
|
4,890
|
5,048
|
5,182
|
5,309
|
5,372
|
5,604
|
5,751
|
5,909
|
6,011
|
EBITDA
1 |
2,206
|
2,186
|
2,171
|
2,238
|
2,343
|
2,400
|
2,482
|
2,565
|
2,679
|
2,655
|
2,685
|
2,738
|
2,893
|
2,942
|
2,993
|
EBIT
1 |
1,993
|
1,974
|
1,955
|
2,023
|
2,131
|
2,180
|
2,264
|
2,343
|
2,467
|
2,441
|
2,462
|
2,524
|
2,672
|
2,721
|
2,758
|
Operating Margin
|
46.76%
|
45.01%
|
44.1%
|
44.71%
|
45.78%
|
45.27%
|
46.3%
|
46.41%
|
47.61%
|
45.98%
|
45.82%
|
45.03%
|
46.47%
|
46.05%
|
45.88%
|
Earnings before Tax (EBT)
1 |
1,543
|
1,492
|
1,456
|
1,517
|
1,598
|
1,650
|
1,743
|
1,808
|
968
|
1,930
|
1,943
|
2,013
|
2,122
|
2,161
|
2,205
|
Net income
1 |
1,266
|
1,178
|
1,136
|
1,176
|
1,247
|
1,295
|
1,403
|
1,483
|
620
|
1,573
|
1,570
|
1,624
|
1,716
|
1,751
|
1,773
|
Net margin
|
29.7%
|
26.86%
|
25.63%
|
25.99%
|
26.79%
|
26.89%
|
28.69%
|
29.38%
|
11.96%
|
29.63%
|
29.22%
|
28.98%
|
29.84%
|
29.63%
|
29.51%
|
EPS
2 |
2.660
|
2.490
|
2.420
|
2.530
|
2.710
|
2.820
|
3.050
|
3.230
|
1.360
|
3.490
|
3.505
|
3.647
|
3.876
|
3.948
|
4.026
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
22/03/22
|
16/06/22
|
15/09/22
|
15/12/22
|
15/03/23
|
15/06/23
|
14/09/23
|
13/12/23
|
14/03/24
|
13/06/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
3,188
|
1,875
|
1,675
|
1,967
|
4,208
|
3,944
|
8,853
|
12,638
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
4,027
|
5,308
|
6,893
|
7,396
|
6,942
|
7,797
|
9,592
|
10,728
|
ROE (net income / shareholders' equity)
|
38.9%
|
41.2%
|
42.8%
|
44.8%
|
35.5%
|
48.7%
|
52.9%
|
46.8%
|
ROA (Net income/ Total Assets)
|
19.6%
|
21.8%
|
23.3%
|
17.4%
|
19.1%
|
21%
|
23.9%
|
21.8%
|
Assets
1 |
15,081
|
24,163
|
20,694
|
27,293
|
28,472
|
25,818
|
29,889
|
37,836
|
Book Value Per Share
2 |
21.40
|
27.40
|
30.80
|
30.20
|
36.00
|
33.90
|
37.60
|
50.10
|
Cash Flow per Share
2 |
9.000
|
11.80
|
15.00
|
16.60
|
15.90
|
17.50
|
22.40
|
25.70
|
Capex
1 |
394
|
419
|
330
|
442
|
360
|
261
|
350
|
370
|
Capex / Sales
|
3.53%
|
3.26%
|
2.09%
|
2.51%
|
1.85%
|
1.22%
|
1.46%
|
1.39%
|
Announcement Date
|
12/12/19
|
10/12/20
|
16/12/21
|
15/12/22
|
13/12/23
|
-
|
-
|
-
|
Last Close Price
566.5
USD Average target price
605.6
USD Spread / Average Target +6.89% Consensus |
1st Jan change
|
Capi.
|
---|
| -15.02% | 62.51B | | +5.13% | 60.7B | | +3.26% | 54.7B | | +0.41% | 43.74B | | +7.51% | 38.98B | | +99.35% | 28.47B | | +3.82% | 22.04B | | +25.04% | 14.41B | | +4.01% | 14.03B |
Application Software
|