Real-time Estimate
Cboe Europe
12:43:31 02/05/2024 BST
|
5-day change
|
1st Jan Change
|
5,702
GBX
|
+0.49%
|
|
-0.38%
|
+4.39%
|
Fiscal Period: April |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
9,918
|
9,740
|
20,739
|
18,491
|
20,024
|
24,761
|
-
|
-
|
Enterprise Value (EV)
1 |
13,663
|
15,103
|
24,929
|
24,380
|
27,129
|
32,943
|
32,672
|
32,375
|
P/E ratio
|
12.8
x
|
13.5
x
|
30
x
|
18.2
x
|
15.6
x
|
19.5
x
|
18.4
x
|
15.8
x
|
Yield
|
1.89%
|
1.87%
|
0.91%
|
1.57%
|
1.73%
|
1.45%
|
1.56%
|
1.71%
|
Capitalization / Revenue
|
2.2
x
|
1.93
x
|
4.12
x
|
2.82
x
|
2.59
x
|
2.87
x
|
2.7
x
|
2.51
x
|
EV / Revenue
|
3.04
x
|
2.99
x
|
4.96
x
|
3.72
x
|
3.51
x
|
3.81
x
|
3.57
x
|
3.28
x
|
EV / EBITDA
|
6.49
x
|
6.36
x
|
10.8
x
|
8.21
x
|
7.69
x
|
8.41
x
|
7.79
x
|
7.1
x
|
EV / FCF
|
37.1
x
|
19.1
x
|
18
x
|
26.3
x
|
64.4
x
|
148
x
|
28.2
x
|
28.2
x
|
FCF Yield
|
2.69%
|
5.24%
|
5.54%
|
3.8%
|
1.55%
|
0.68%
|
3.54%
|
3.54%
|
Price to Book
|
3.55
x
|
3.29
x
|
6.39
x
|
4.49
x
|
4.22
x
|
4.77
x
|
3.87
x
|
3.49
x
|
Nbr of stocks (in thousands)
|
467,371
|
447,810
|
445,910
|
442,473
|
437,493
|
436,399
|
-
|
-
|
Reference price
2 |
21.22
|
21.75
|
46.51
|
41.79
|
45.77
|
56.74
|
56.74
|
56.74
|
Announcement Date
|
18/06/19
|
16/06/20
|
15/06/21
|
14/06/22
|
13/06/23
|
-
|
-
|
-
|
Fiscal Period: April |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
4,500
|
5,054
|
5,031
|
6,549
|
7,730
|
8,636
|
9,154
|
9,878
|
EBITDA
1 |
2,107
|
2,376
|
2,301
|
2,968
|
3,528
|
3,916
|
4,194
|
4,558
|
EBIT
1 |
1,264
|
1,285
|
1,197
|
1,691
|
2,111
|
2,206
|
2,329
|
2,584
|
Operating Margin
|
28.08%
|
25.43%
|
23.79%
|
25.83%
|
27.31%
|
25.54%
|
25.44%
|
26.16%
|
Earnings before Tax (EBT)
1 |
1,060
|
983
|
936
|
1,372
|
1,724
|
1,689
|
1,799
|
2,027
|
Net income
1 |
796.9
|
739.7
|
697.4
|
1,029
|
1,293
|
1,268
|
1,345
|
1,527
|
Net margin
|
17.71%
|
14.64%
|
13.86%
|
15.71%
|
16.73%
|
14.68%
|
14.69%
|
15.46%
|
EPS
2 |
1.654
|
1.615
|
1.552
|
2.301
|
2.927
|
2.908
|
3.085
|
3.585
|
Free Cash Flow
1 |
368
|
792.1
|
1,382
|
925.7
|
421.5
|
222.5
|
1,158
|
1,147
|
FCF margin
|
8.18%
|
15.67%
|
27.46%
|
14.13%
|
5.45%
|
2.58%
|
12.65%
|
11.62%
|
FCF Conversion (EBITDA)
|
17.47%
|
33.34%
|
60.05%
|
31.18%
|
11.95%
|
5.68%
|
27.61%
|
25.18%
|
FCF Conversion (Net income)
|
46.18%
|
107.08%
|
198.12%
|
89.95%
|
32.59%
|
17.55%
|
86.09%
|
75.12%
|
Dividend per Share
2 |
0.4000
|
0.4065
|
0.4215
|
0.6580
|
0.7930
|
0.8238
|
0.8846
|
0.9692
|
Announcement Date
|
18/06/19
|
16/06/20
|
15/06/21
|
14/06/22
|
13/06/23
|
-
|
-
|
-
|
Fiscal Period: April |
2020 S1
|
2020 S2
|
2021 S1
|
2022 Q2
|
2022 S1
|
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
|
2025 Q4
|
---|
Net sales
1 |
2,681
|
2,373
|
2,554
|
2,032
|
3,884
|
1,525
|
1,709
|
1,963
|
2,537
|
2,018
|
1,954
|
2,146
|
2,279
|
2,093
|
2,093
|
2,238
|
2,411
|
2,181
|
-
|
EBITDA
1 |
1,327
|
1,049
|
1,211
|
971.9
|
1,832
|
668.5
|
740.3
|
902.9
|
1,207
|
907.9
|
858.4
|
978.5
|
1,073
|
919.9
|
915.8
|
-
|
-
|
-
|
-
|
EBIT
1 |
801
|
484.3
|
645.6
|
597.6
|
1,095
|
368.7
|
392.9
|
-
|
775.1
|
530.4
|
483.7
|
583.6
|
657.8
|
489.6
|
477.9
|
-
|
-
|
-
|
-
|
Operating Margin
|
29.87%
|
20.41%
|
25.28%
|
29.41%
|
28.2%
|
24.18%
|
22.99%
|
-
|
30.55%
|
26.29%
|
24.75%
|
27.19%
|
28.86%
|
23.39%
|
22.84%
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
-
|
-
|
-
|
-
|
-
|
226.7
|
242.6
|
344
|
-
|
-
|
-
|
-
|
-
|
261.2
|
265.6
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
-
|
-
|
-
|
-
|
14.87%
|
14.2%
|
17.52%
|
-
|
-
|
-
|
-
|
-
|
12.48%
|
12.69%
|
-
|
-
|
-
|
-
|
EPS
2 |
-
|
-
|
-
|
-
|
-
|
0.5077
|
0.5445
|
0.7760
|
-
|
-
|
-
|
-
|
-
|
0.5954
|
0.6028
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
0.0945
|
-
|
-
|
0.5552
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.3390
|
-
|
0.3640
|
-
|
0.3640
|
Announcement Date
|
10/12/19
|
16/06/20
|
08/12/20
|
07/12/21
|
07/12/21
|
08/03/22
|
14/06/22
|
06/09/22
|
06/12/22
|
07/03/23
|
13/06/23
|
05/09/23
|
05/12/23
|
05/03/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: April |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
3,745
|
5,363
|
4,190
|
5,889
|
7,105
|
8,182
|
7,911
|
7,614
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.778
x
|
2.257
x
|
1.821
x
|
1.984
x
|
2.014
x
|
2.089
x
|
1.886
x
|
1.671
x
|
Free Cash Flow
1 |
368
|
792
|
1,382
|
926
|
422
|
223
|
1,158
|
1,147
|
ROE (net income / shareholders' equity)
|
29.9%
|
25.6%
|
22.3%
|
26.2%
|
30.9%
|
25.8%
|
24.6%
|
24.4%
|
ROA (Net income/ Total Assets)
|
10.6%
|
7.83%
|
7.04%
|
8.9%
|
10%
|
8.45%
|
8.6%
|
9.35%
|
Assets
1 |
7,550
|
9,445
|
9,903
|
11,568
|
12,898
|
15,001
|
15,638
|
16,336
|
Book Value Per Share
2 |
5.970
|
6.620
|
7.270
|
9.300
|
10.90
|
11.90
|
14.70
|
16.30
|
Cash Flow per Share
2 |
4.240
|
2.160
|
3.290
|
2.760
|
1.790
|
7.830
|
7.480
|
8.730
|
Capex
1 |
1,385
|
1,208
|
410
|
1,671
|
2,504
|
2,689
|
2,042
|
2,496
|
Capex / Sales
|
30.78%
|
23.9%
|
8.15%
|
25.52%
|
32.39%
|
31.13%
|
22.3%
|
25.27%
|
Announcement Date
|
18/06/19
|
16/06/20
|
15/06/21
|
14/06/22
|
13/06/23
|
-
|
-
|
-
|
Last Close Price
56.74
GBP Average target price
61.96
GBP Spread / Average Target +9.20% Consensus |
1st Jan change
|
Capi.
|
---|
| +3.88% | 30.92B | | +15.07% | 16.58B | | -17.73% | 6.98B | | +19.91% | 5.6B | | -3.01% | 4.1B | | -4.18% | 3.63B | | -10.78% | 2.62B | | +16.36% | 2.13B | | -14.39% | 1.62B | | -2.97% | 1.68B |
Commercial Equipment Rental
|