APTARGROUP, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 146.4 USD | +2.13% |
|
+4.32% | +18.41% |
| 04-29 | Baird Adjusts Price Target on AptarGroup to $170 From $150, Maintains Outperform Rating | MT |
| 04-29 | William Blair Upgrades AptarGroup to Outperform From Market Perform | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,391 | 8,860 | 8,063 | 7,180 | 8,132 | 9,700 | - | - |
| Enterprise Value (EV) 1 | 8,345 | 9,732 | 9,135 | 8,214 | 9,048 | 10,572 | 10,422 | 10,047 |
| P/E ratio | 31.6 x | 42.6 x | 33.9 x | 30.6 x | 29.1 x | 27.8 x | 26.3 x | 25.3 x |
| Yield | 1.23% | 1.05% | 1.22% | 1.38% | - | 1.2% | 1.3% | 1.31% |
| Capitalization / Revenue | 2.58 x | 3.02 x | 2.5 x | 2.16 x | 2.33 x | 2.65 x | 2.52 x | 2.43 x |
| EV / Revenue | 2.92 x | 3.32 x | 2.83 x | 2.47 x | 2.59 x | 2.89 x | 2.71 x | 2.51 x |
| EV / EBITDA | 14.1 x | 16.6 x | 15 x | 13.3 x | 12.8 x | 13.8 x | 12.8 x | 11.7 x |
| EV / FCF | 30.7 x | 30 x | 159 x | 48.8 x | 34.4 x | 35.5 x | 28.2 x | 26.8 x |
| FCF Yield | 3.26% | 3.33% | 0.63% | 2.05% | 2.91% | 2.81% | 3.55% | 3.73% |
| Price to Book | 4.69 x | 4.81 x | 4.07 x | 3.49 x | - | - | - | - |
| Nbr of stocks (in thousands) | 63,927 | 64,722 | 65,827 | 65,284 | 65,781 | 66,264 | - | - |
| Reference price 2 | 115.6 | 136.9 | 122.5 | 110.0 | 123.6 | 146.4 | 146.4 | 146.4 |
| Announcement Date | 20/02/20 | 18/02/21 | 17/02/22 | 16/02/23 | 08/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,860 | 2,929 | 3,227 | 3,322 | 3,487 | 3,661 | 3,845 | 4,000 |
| EBITDA 1 | 592.3 | 586.3 | 607.5 | 616.7 | 707.7 | 765.1 | 811.3 | 856.9 |
| EBIT 1 | 399 | 369.4 | 372.6 | 383 | 459.1 | 492.2 | 542.4 | 570.2 |
| Operating Margin | 13.95% | 12.61% | 11.55% | 11.53% | 13.17% | 13.45% | 14.11% | 14.26% |
| Earnings before Tax (EBT) 1 | 342.1 | 301.2 | 321.7 | 334.7 | 374.8 | 469.8 | 503.5 | 512 |
| Net income 1 | 242.2 | 214 | 244.1 | 239.3 | 284.5 | 354.5 | 368.2 | 379 |
| Net margin | 8.47% | 7.31% | 7.56% | 7.2% | 8.16% | 9.69% | 9.58% | 9.48% |
| EPS 2 | 3.660 | 3.210 | 3.610 | 3.590 | 4.250 | 5.270 | 5.562 | 5.780 |
| Free Cash Flow 1 | 272.2 | 324.2 | 57.51 | 168.2 | 262.9 | 297.6 | 369.6 | 375 |
| FCF margin | 9.52% | 11.07% | 1.78% | 5.06% | 7.54% | 8.13% | 9.61% | 9.38% |
| FCF Conversion (EBITDA) | 45.95% | 55.29% | 9.47% | 27.27% | 37.15% | 38.89% | 45.56% | 43.76% |
| FCF Conversion (Net income) | 112.38% | 151.47% | 23.56% | 70.29% | 92.41% | 83.93% | 100.4% | 98.94% |
| Dividend per Share 2 | 1.420 | 1.440 | 1.500 | 1.520 | - | 1.757 | 1.897 | 1.920 |
| Announcement Date | 20/02/20 | 18/02/21 | 17/02/22 | 16/02/23 | 08/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 814 | 844.9 | 844.5 | 836.9 | 795.9 | 860.1 | 895.9 | 893 | 838.5 | 915.4 | 935 | 935.4 | 882.6 |
| EBITDA 1 | 153.5 | 156.3 | 159.9 | 153.7 | 146.7 | 153.7 | 181.2 | 193.4 | 179.4 | 178.8 | 192.5 | 200.6 | 191.9 |
| EBIT 1 | 93.18 | 97.65 | 101.4 | 96.14 | 87.81 | 94.42 | 119 | 130.7 | 115.1 | 114.5 | 126.8 | 134.4 | 124.4 |
| Operating Margin | 11.45% | 11.56% | 12% | 11.49% | 11.03% | 10.98% | 13.28% | 14.63% | 13.72% | 12.51% | 13.56% | 14.37% | 14.1% |
| Earnings before Tax (EBT) 1 | 80.24 | 86.63 | 89.47 | 84.92 | 73.69 | 73.27 | 110.9 | 110 | 80.63 | 104.3 | 118.6 | 127.3 | 119.9 |
| Net income 1 | 57.61 | 62.42 | 63.62 | 54.24 | 59 | 54.76 | 83.07 | 84.3 | 62.36 | 83.1 | 91.77 | 94.28 | 85.98 |
| Net margin | 7.08% | 7.39% | 7.53% | 6.48% | 7.41% | 6.37% | 9.27% | 9.44% | 7.44% | 9.08% | 9.81% | 10.08% | 9.74% |
| EPS 2 | 0.8500 | 0.9300 | 0.9500 | 0.8100 | 0.8900 | 0.8200 | 1.240 | 1.260 | 0.9300 | 1.230 | 1.365 | 1.405 | 1.280 |
| Dividend per Share | 0.3800 | 0.3800 | 0.3800 | 0.3800 | 0.3800 | 0.3800 | 0.4100 | - | - | - | - | - | - |
| Announcement Date | 17/02/22 | 28/04/22 | 28/07/22 | 27/10/22 | 16/02/23 | 27/04/23 | 27/07/23 | 25/10/23 | 08/02/24 | 25/04/24 | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 954 | 872 | 1,073 | 1,034 | 916 | 872 | 722 | 347 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.61 x | 1.488 x | 1.766 x | 1.676 x | 1.294 x | 1.14 x | 0.8899 x | 0.4049 x |
| Free Cash Flow 1 | 272 | 324 | 57.5 | 168 | 263 | 298 | 370 | 375 |
| ROE (net income / shareholders' equity) | 16.2% | 12.5% | 12.8% | 11.9% | 13% | 14.5% | 13.8% | 13.3% |
| ROA (Net income/ Total Assets) | 6.98% | 5.67% | 6% | 5.74% | 6.57% | 6.3% | 7.3% | 7% |
| Assets 1 | 3,470 | 3,776 | 4,066 | 4,172 | 4,328 | 5,628 | 5,043 | 5,414 |
| Book Value Per Share | 24.60 | 28.50 | 30.10 | 31.50 | - | - | - | - |
| Cash Flow per Share 2 | 7.780 | 8.550 | 5.370 | 7.170 | 8.600 | 9.590 | 10.10 | 10.70 |
| Capex 1 | 242 | 246 | 308 | 310 | 312 | 287 | 268 | 323 |
| Capex / Sales | 8.47% | 8.4% | 9.54% | 9.34% | 8.96% | 7.85% | 6.97% | 8.08% |
| Announcement Date | 20/02/20 | 18/02/21 | 17/02/22 | 16/02/23 | 08/02/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
146.4
USD
Average target price
153.9
USD
Spread / Average Target
+5.11%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +18.41% | 9.7B | |
| -6.12% | 13.07B | |
| -14.75% | 6.66B | |
| +28.00% | 1.41B | |
| +9.19% | 1.35B | |
| -14.51% | 1.3B | |
| +27.66% | 1.26B | |
| -20.63% | 1.06B | |
| +19.88% | 847M | |
| +14.07% | 822M |
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- Financials AptarGroup, Inc.
