Real-time Estimate
Tradegate
19:27:10 29/04/2024 BST
|
5-day change
|
1st Jan Change
|
52.15
EUR
|
+4.27%
|
|
0.00%
|
0.00%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
3,877
|
3,743
|
4,504
|
5,312
|
5,578
|
5,085
|
-
|
-
|
Enterprise Value (EV)
1 |
3,992
|
3,632
|
4,114
|
4,569
|
5,128
|
4,193
|
3,945
|
3,795
|
P/E ratio
|
30.2
x
|
18
x
|
13.8
x
|
12.9
x
|
11
x
|
10.1
x
|
9.45
x
|
8.49
x
|
Yield
|
1.82%
|
2.67%
|
3.64%
|
3.92%
|
4.43%
|
5.15%
|
5.51%
|
6.05%
|
Capitalization / Revenue
|
0.58
x
|
0.56
x
|
0.7
x
|
0.7
x
|
0.64
x
|
0.59
x
|
0.57
x
|
0.54
x
|
EV / Revenue
|
0.6
x
|
0.54
x
|
0.64
x
|
0.61
x
|
0.59
x
|
0.49
x
|
0.44
x
|
0.4
x
|
EV / EBITDA
|
7.43
x
|
6.36
x
|
5.73
x
|
5.53
x
|
5.63
x
|
4.64
x
|
4.15
x
|
3.65
x
|
EV / FCF
|
5.71
x
|
9.72
x
|
9.81
x
|
8.68
x
|
34.5
x
|
9.41
x
|
7.07
x
|
6.31
x
|
FCF Yield
|
17.5%
|
10.3%
|
10.2%
|
11.5%
|
2.9%
|
10.6%
|
14.1%
|
15.8%
|
Price to Book
|
3.18
x
|
2.96
x
|
2.86
x
|
2.87
x
|
2.57
x
|
2.1
x
|
1.89
x
|
1.71
x
|
Nbr of stocks (in thousands)
|
100,977
|
99,867
|
99,256
|
99,191
|
98,904
|
99,210
|
-
|
-
|
Reference price
2 |
38.40
|
37.48
|
45.38
|
53.55
|
56.40
|
51.25
|
51.25
|
51.25
|
Announcement Date
|
04/03/20
|
03/03/21
|
08/03/22
|
08/03/23
|
29/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
6,674
|
6,700
|
6,463
|
7,543
|
8,660
|
8,583
|
8,884
|
9,474
|
EBITDA
1 |
537.6
|
571.1
|
718.3
|
825.5
|
910.2
|
904
|
951.2
|
1,040
|
EBIT
1 |
237.9
|
315
|
479.6
|
572.7
|
685.2
|
692.7
|
741.7
|
808.3
|
Operating Margin
|
3.56%
|
4.7%
|
7.42%
|
7.59%
|
7.91%
|
8.07%
|
8.35%
|
8.53%
|
Earnings before Tax (EBT)
1 |
180.9
|
280.9
|
439.6
|
540.9
|
688.2
|
681.3
|
733.4
|
817.5
|
Net income
1 |
127.8
|
207.1
|
325.5
|
409.6
|
510.2
|
510.9
|
542
|
603.8
|
Net margin
|
1.91%
|
3.09%
|
5.04%
|
5.43%
|
5.89%
|
5.95%
|
6.1%
|
6.37%
|
EPS
2 |
1.270
|
2.080
|
3.280
|
4.140
|
5.150
|
5.072
|
5.422
|
6.035
|
Free Cash Flow
1 |
699.5
|
373.6
|
419.3
|
526.4
|
148.8
|
445.8
|
558.2
|
601.4
|
FCF margin
|
10.48%
|
5.58%
|
6.49%
|
6.98%
|
1.72%
|
5.19%
|
6.28%
|
6.35%
|
FCF Conversion (EBITDA)
|
130.12%
|
65.42%
|
58.37%
|
63.77%
|
16.35%
|
49.31%
|
58.69%
|
57.85%
|
FCF Conversion (Net income)
|
547.35%
|
180.37%
|
128.82%
|
128.52%
|
29.17%
|
87.25%
|
102.98%
|
99.61%
|
Dividend per Share
2 |
0.7000
|
1.000
|
1.650
|
2.100
|
2.500
|
2.638
|
2.825
|
3.100
|
Announcement Date
|
04/03/20
|
03/03/21
|
08/03/22
|
08/03/23
|
29/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 S1
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
3,173
|
3,027
|
1,914
|
1,527
|
1,790
|
3,317
|
1,891
|
2,335
|
1,963
|
2,146
|
4,109
|
2,104
|
2,447
|
1,886
|
2,199
|
1,773
|
2,484
|
-
|
-
|
EBITDA
1 |
-
|
-
|
232.8
|
163.4
|
198.8
|
-
|
194.9
|
268.4
|
200.4
|
-
|
-
|
-
|
-
|
194
|
216.3
|
140.5
|
-
|
-
|
-
|
EBIT
1 |
-
|
-
|
164.3
|
106.3
|
135.2
|
-
|
-
|
195
|
146
|
174.1
|
-
|
164.2
|
212.5
|
139.9
|
163.8
|
88
|
-
|
-
|
-
|
Operating Margin
|
-
|
-
|
8.58%
|
6.96%
|
7.55%
|
-
|
-
|
8.35%
|
7.44%
|
8.11%
|
-
|
7.8%
|
8.68%
|
7.42%
|
7.45%
|
4.96%
|
-
|
-
|
-
|
Earnings before Tax (EBT)
1 |
119
|
185.9
|
149.7
|
95.6
|
127.5
|
-
|
134
|
183.8
|
137.7
|
164
|
301.7
|
169.2
|
217.3
|
139.7
|
176.5
|
167.5
|
226.9
|
-
|
-
|
Net income
1 |
84.85
|
136.7
|
112.6
|
71.5
|
95.7
|
-
|
100.8
|
141.6
|
104.5
|
122.3
|
221.5
|
124.8
|
158.6
|
104.4
|
132.1
|
125.3
|
171.1
|
-
|
-
|
Net margin
|
2.67%
|
4.52%
|
5.88%
|
4.68%
|
5.35%
|
-
|
5.33%
|
6.06%
|
5.32%
|
5.7%
|
5.39%
|
5.93%
|
6.48%
|
5.53%
|
6.01%
|
7.07%
|
6.89%
|
-
|
-
|
EPS
2 |
-
|
1.370
|
1.140
|
0.7200
|
0.9700
|
-
|
1.010
|
1.440
|
1.050
|
1.230
|
2.280
|
1.250
|
1.620
|
1.050
|
1.271
|
1.205
|
1.645
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
1.650
|
-
|
-
|
-
|
-
|
2.100
|
-
|
-
|
-
|
-
|
2.500
|
-
|
-
|
-
|
2.700
|
-
|
-
|
Announcement Date
|
31/07/20
|
30/07/21
|
08/03/22
|
29/04/22
|
29/07/22
|
29/07/22
|
04/11/22
|
08/03/23
|
27/04/23
|
27/07/23
|
27/07/23
|
02/11/23
|
29/02/24
|
25/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
115
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
-
|
111
|
390
|
743
|
450
|
892
|
1,139
|
1,289
|
Leverage (Debt/EBITDA)
|
0.2134
x
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
700
|
374
|
419
|
526
|
149
|
446
|
558
|
601
|
ROE (net income / shareholders' equity)
|
10.1%
|
16.8%
|
23%
|
24%
|
25.3%
|
22.9%
|
21.3%
|
21%
|
ROA (Net income/ Total Assets)
|
2.09%
|
2.9%
|
4.42%
|
5.07%
|
6.04%
|
6.16%
|
6.53%
|
6.76%
|
Assets
1 |
6,129
|
7,146
|
7,365
|
8,082
|
8,450
|
8,289
|
8,303
|
8,925
|
Book Value Per Share
2 |
12.10
|
12.70
|
15.90
|
18.70
|
22.00
|
24.40
|
27.10
|
30.00
|
Cash Flow per Share
2 |
8.180
|
4.640
|
5.320
|
7.170
|
3.790
|
5.650
|
7.170
|
8.020
|
Capex
1 |
122
|
87.9
|
110
|
155
|
171
|
166
|
177
|
184
|
Capex / Sales
|
1.83%
|
1.31%
|
1.71%
|
2.05%
|
1.97%
|
1.93%
|
1.99%
|
1.94%
|
Announcement Date
|
04/03/20
|
03/03/21
|
08/03/22
|
08/03/23
|
29/02/24
|
-
|
-
|
-
|
Last Close Price
51.25
EUR Average target price
73.34
EUR Spread / Average Target +43.10% Consensus |