Real-time Estimate
Tradegate
16:15:50 21/06/2024 BST
|
5-day change
|
1st Jan Change
|
31.86
EUR
|
+0.50%
|
|
+2.39%
|
-8.50%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
42,693
|
40,981
|
42,980
|
25,695
|
19,613
|
17,326
|
-
|
-
|
Enterprise Value (EV)
1 |
44,708
|
43,443
|
57,689
|
40,613
|
30,217
|
27,173
|
26,381
|
25,787
|
P/E ratio
|
43.3
x
|
37.7
x
|
33.9
x
|
-10.6
x
|
7.36
x
|
18.5
x
|
15.2
x
|
14.5
x
|
Yield
|
1.02%
|
1.19%
|
1.26%
|
2.26%
|
3%
|
3.51%
|
3.65%
|
3.91%
|
Capitalization / Revenue
|
3.76
x
|
3.51
x
|
3.36
x
|
1.7
x
|
1.32
x
|
1.15
x
|
1.11
x
|
1.06
x
|
EV / Revenue
|
3.93
x
|
3.72
x
|
4.51
x
|
2.69
x
|
2.04
x
|
1.8
x
|
1.68
x
|
1.58
x
|
EV / EBITDA
|
16.4
x
|
16.1
x
|
19.2
x
|
12.6
x
|
11.1
x
|
9.16
x
|
8.43
x
|
7.68
x
|
EV / FCF
|
31.8
x
|
37.4
x
|
39
x
|
76.3
x
|
30
x
|
14.5
x
|
13.9
x
|
13.5
x
|
FCF Yield
|
3.15%
|
2.67%
|
2.56%
|
1.31%
|
3.33%
|
6.87%
|
7.17%
|
7.42%
|
Price to Book
|
5.37
x
|
4.77
x
|
4.74
x
|
4.41
x
|
2.33
x
|
1.92
x
|
1.76
x
|
1.74
x
|
Nbr of stocks (in thousands)
|
510,556
|
510,731
|
500,693
|
504,121
|
507,324
|
509,580
|
-
|
-
|
Reference price
2 |
83.62
|
80.24
|
85.84
|
50.97
|
38.66
|
34.00
|
34.00
|
34.00
|
Announcement Date
|
17/03/20
|
04/02/21
|
17/02/22
|
09/02/23
|
08/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,362
|
11,673
|
12,784
|
15,113
|
14,813
|
15,115
|
15,665
|
16,289
|
EBITDA
1 |
2,726
|
2,698
|
3,003
|
3,233
|
2,734
|
2,967
|
3,130
|
3,358
|
EBIT
1 |
2,120
|
2,097
|
2,400
|
2,583
|
2,123
|
2,268
|
2,440
|
2,655
|
Operating Margin
|
18.66%
|
17.96%
|
18.77%
|
17.09%
|
14.33%
|
15.01%
|
15.58%
|
16.3%
|
Earnings before Tax (EBT)
1 |
970
|
1,292
|
1,477
|
-2,353
|
-103
|
1,933
|
1,590
|
1,116
|
Net income
1 |
1,001
|
1,102
|
1,284
|
-2,433
|
2,656
|
702.9
|
950.2
|
1,179
|
Net margin
|
8.81%
|
9.44%
|
10.04%
|
-16.1%
|
17.93%
|
4.65%
|
6.07%
|
7.24%
|
EPS
2 |
1.930
|
2.130
|
2.530
|
-4.830
|
5.250
|
1.838
|
2.238
|
2.347
|
Free Cash Flow
1 |
1,408
|
1,161
|
1,479
|
532
|
1,007
|
1,868
|
1,893
|
1,914
|
FCF margin
|
12.39%
|
9.95%
|
11.57%
|
3.52%
|
6.8%
|
12.36%
|
12.08%
|
11.75%
|
FCF Conversion (EBITDA)
|
51.65%
|
43.03%
|
49.25%
|
16.46%
|
36.83%
|
62.94%
|
60.47%
|
56.99%
|
FCF Conversion (Net income)
|
140.66%
|
105.35%
|
115.19%
|
-
|
37.91%
|
265.71%
|
199.2%
|
162.36%
|
Dividend per Share
2 |
0.8500
|
0.9550
|
1.085
|
1.150
|
1.160
|
1.195
|
1.241
|
1.329
|
Announcement Date
|
17/03/20
|
04/02/21
|
17/02/22
|
09/02/23
|
08/02/24
|
-
|
-
|
-
|
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
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
3,514
|
3,707
|
3,746
|
3,773
|
3,887
|
3,649
|
3,707
|
3,708
|
3,885
|
3,592
|
3,752
|
3,788
|
3,982
|
3,716
|
3,892
|
EBITDA
1 |
821
|
829
|
1,147
|
815
|
822
|
660
|
798
|
714
|
783
|
684
|
693.7
|
739.3
|
827
|
694.7
|
-
|
EBIT
1 |
714
|
666
|
605
|
649
|
663
|
503
|
489
|
565
|
630
|
515
|
519.7
|
578.5
|
655.2
|
546.9
|
591.8
|
Operating Margin
|
20.32%
|
17.97%
|
16.15%
|
17.2%
|
17.06%
|
13.78%
|
13.19%
|
15.24%
|
16.22%
|
14.34%
|
13.85%
|
15.27%
|
16.45%
|
14.72%
|
15.2%
|
Earnings before Tax (EBT)
1 |
283
|
94
|
295
|
-2,966
|
224
|
70
|
-183
|
-172
|
238
|
116
|
432
|
491.2
|
565.5
|
-
|
-
|
Net income
1 |
238
|
71
|
252
|
-2,937
|
181
|
44
|
335
|
2,508
|
-
|
37
|
186
|
225.5
|
279
|
-
|
-
|
Net margin
|
6.77%
|
1.92%
|
6.73%
|
-77.84%
|
4.66%
|
1.21%
|
9.04%
|
67.64%
|
-
|
1.03%
|
4.96%
|
5.95%
|
7.01%
|
-
|
-
|
EPS
2 |
0.4700
|
0.1400
|
0.5000
|
-5.830
|
0.3600
|
0.0900
|
0.6600
|
4.930
|
0.4800
|
0.0700
|
0.3600
|
0.4400
|
0.5400
|
-
|
-
|
Dividend per Share
2 |
0.2800
|
0.2800
|
0.2900
|
0.2900
|
0.2900
|
0.2900
|
0.2900
|
0.2900
|
0.2900
|
0.2900
|
0.2993
|
0.3140
|
0.3138
|
0.2872
|
0.2868
|
Announcement Date
|
17/02/22
|
28/04/22
|
28/07/22
|
27/10/22
|
09/02/23
|
27/04/23
|
27/07/23
|
02/11/23
|
08/02/24
|
02/05/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
2,015
|
2,462
|
14,709
|
14,918
|
10,604
|
9,847
|
9,056
|
8,461
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.7392
x
|
0.9125
x
|
4.898
x
|
4.614
x
|
3.879
x
|
3.318
x
|
2.893
x
|
2.519
x
|
Free Cash Flow
1 |
1,408
|
1,161
|
1,479
|
532
|
1,007
|
1,868
|
1,893
|
1,914
|
ROE (net income / shareholders' equity)
|
21.8%
|
19.3%
|
20.7%
|
23.8%
|
18.6%
|
17.2%
|
17.3%
|
18%
|
ROA (Net income/ Total Assets)
|
10.1%
|
8.4%
|
6.86%
|
5.73%
|
4.69%
|
5.52%
|
6.44%
|
7.41%
|
Assets
1 |
9,886
|
13,119
|
18,722
|
-42,432
|
56,606
|
12,739
|
14,753
|
15,901
|
Book Value Per Share
2 |
15.60
|
16.80
|
18.10
|
11.60
|
16.60
|
17.70
|
19.30
|
19.50
|
Cash Flow per Share
2 |
4.050
|
3.620
|
4.370
|
2.400
|
3.410
|
4.930
|
6.450
|
-
|
Capex
1 |
696
|
709
|
743
|
679
|
719
|
710
|
738
|
1,036
|
Capex / Sales
|
6.13%
|
6.07%
|
5.81%
|
4.49%
|
4.85%
|
4.7%
|
4.71%
|
6.36%
|
Announcement Date
|
17/03/20
|
04/02/21
|
17/02/22
|
09/02/23
|
08/02/24
|
-
|
-
|
-
|
Average target price
45.44
USD Spread / Average Target +33.64% Consensus |