Real-time Estimate
Cboe Europe
16:30:00 16/07/2024 BST
|
5-day change
|
1st Jan Change
|
39.41
EUR
|
-0.28%
|
|
-0.75%
|
-14.57%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
1,498
|
1,537
|
2,241
|
1,913
|
2,646
|
2,034
|
-
|
-
|
Enterprise Value (EV)
1 |
2,490
|
2,156
|
2,675
|
2,416
|
2,912
|
2,229
|
2,150
|
1,982
|
P/E ratio
|
36.3
x
|
11.4
x
|
5.48
x
|
7.65
x
|
9.86
x
|
7.62
x
|
6.99
x
|
6.37
x
|
Yield
|
2.64%
|
3.68%
|
3.83%
|
4.55%
|
3.87%
|
4.89%
|
5.2%
|
5.46%
|
Capitalization / Revenue
|
0.35
x
|
0.41
x
|
0.46
x
|
0.34
x
|
0.61
x
|
0.48
x
|
0.46
x
|
0.44
x
|
EV / Revenue
|
0.58
x
|
0.57
x
|
0.55
x
|
0.43
x
|
0.67
x
|
0.52
x
|
0.48
x
|
0.43
x
|
EV / EBITDA
|
5.32
x
|
4.5
x
|
3.88
x
|
3.69
x
|
5.19
x
|
3.88
x
|
3.51
x
|
3.02
x
|
EV / FCF
|
5.79
x
|
5.39
x
|
10.1
x
|
13.9
x
|
12.7
x
|
10.4
x
|
9.55
x
|
7.24
x
|
FCF Yield
|
17.3%
|
18.6%
|
9.9%
|
7.17%
|
7.89%
|
9.58%
|
10.5%
|
13.8%
|
Price to Book
|
1.04
x
|
1.21
x
|
1.13
x
|
1.02
x
|
1.21
x
|
0.93
x
|
0.86
x
|
0.79
x
|
Nbr of stocks (in thousands)
|
56,520
|
56,599
|
57,260
|
52,730
|
56,889
|
51,748
|
-
|
-
|
Reference price
2 |
26.50
|
27.16
|
39.14
|
36.28
|
46.52
|
39.30
|
39.30
|
39.30
|
Announcement Date
|
04/03/20
|
03/03/21
|
25/02/22
|
01/03/23
|
01/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
4,322
|
3,772
|
4,840
|
5,652
|
4,328
|
4,269
|
4,444
|
4,635
|
EBITDA
1 |
468
|
479
|
689
|
654
|
561.1
|
574
|
612.1
|
657.2
|
EBIT
1 |
242
|
272
|
514.6
|
458.6
|
388.3
|
389.7
|
422.2
|
460.3
|
Operating Margin
|
5.6%
|
7.21%
|
10.63%
|
8.11%
|
8.97%
|
9.13%
|
9.5%
|
9.93%
|
Earnings before Tax (EBT)
1 |
70.32
|
170
|
476.3
|
-
|
268.4
|
344.4
|
389.7
|
439.6
|
Net income
1 |
41.33
|
135
|
407
|
268.9
|
252.9
|
275.7
|
297.2
|
325.8
|
Net margin
|
0.96%
|
3.58%
|
8.41%
|
4.76%
|
5.84%
|
6.46%
|
6.69%
|
7.03%
|
EPS
2 |
0.7300
|
2.380
|
7.140
|
4.740
|
4.720
|
5.157
|
5.623
|
6.167
|
Free Cash Flow
1 |
429.8
|
400.4
|
264.8
|
173.2
|
229.8
|
213.5
|
225
|
274
|
FCF margin
|
9.94%
|
10.62%
|
5.47%
|
3.07%
|
5.31%
|
5%
|
5.06%
|
5.91%
|
FCF Conversion (EBITDA)
|
91.84%
|
83.6%
|
38.43%
|
26.49%
|
40.96%
|
37.19%
|
36.76%
|
41.69%
|
FCF Conversion (Net income)
|
1,040%
|
296.63%
|
65.05%
|
64.43%
|
90.88%
|
77.43%
|
75.69%
|
84.07%
|
Dividend per Share
2 |
0.7000
|
1.000
|
1.500
|
1.650
|
1.800
|
1.922
|
2.045
|
2.145
|
Announcement Date
|
04/03/20
|
03/03/21
|
25/02/22
|
01/03/23
|
01/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q3
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
---|
Net sales
1 |
2,104
|
1,770
|
2,002
|
2,306
|
1,253
|
2,534
|
2,859
|
2,793
|
2,318
|
2,010
|
EBITDA
|
230
|
194
|
285
|
-
|
-
|
312
|
381
|
273
|
-
|
-
|
EBIT
|
116
|
92
|
181
|
285
|
-
|
229
|
283
|
176
|
-
|
-
|
Operating Margin
|
5.51%
|
5.2%
|
9.04%
|
12.36%
|
-
|
9.04%
|
9.9%
|
6.3%
|
-
|
-
|
Earnings before Tax (EBT)
|
-10.29
|
43.91
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-16.67
|
33.35
|
-
|
208.1
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-0.79%
|
1.88%
|
-
|
9.02%
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
04/03/20
|
31/07/20
|
03/03/21
|
30/07/21
|
19/11/21
|
25/02/22
|
29/07/22
|
01/03/23
|
28/07/23
|
01/03/24
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
992
|
619
|
434
|
503
|
266
|
195
|
116
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
51.3
|
Leverage (Debt/EBITDA)
|
2.12
x
|
1.293
x
|
0.6299
x
|
0.7693
x
|
0.4741
x
|
0.3404
x
|
0.1897
x
|
-
|
Free Cash Flow
1 |
430
|
400
|
265
|
173
|
230
|
213
|
225
|
274
|
ROE (net income / shareholders' equity)
|
4.6%
|
10.1%
|
23.8%
|
13.2%
|
12.1%
|
12.4%
|
12.4%
|
13.3%
|
ROA (Net income/ Total Assets)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Assets
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Book Value Per Share
2 |
25.40
|
22.40
|
34.60
|
35.50
|
38.60
|
42.40
|
45.90
|
49.80
|
Cash Flow per Share
2 |
9.270
|
7.870
|
6.670
|
6.010
|
8.160
|
7.760
|
8.290
|
8.860
|
Capex
1 |
98.9
|
108
|
120
|
167
|
210
|
240
|
241
|
226
|
Capex / Sales
|
2.29%
|
2.86%
|
2.48%
|
2.96%
|
4.85%
|
5.62%
|
5.43%
|
4.88%
|
Announcement Date
|
04/03/20
|
03/03/21
|
25/02/22
|
01/03/23
|
01/03/24
|
-
|
-
|
-
|
Last Close Price
39.3
EUR Average target price
53.62
EUR Spread / Average Target +36.45% Consensus |
1st Jan change
|
Capi.
|
---|
| +6.15% | 27.14B | | +18.21% | 20.94B | | +35.02% | 12.31B | | -14.44% | 10.95B | | -8.19% | 9.13B | | +33.65% | 9.11B | | -2.74% | 8.82B | | +39.49% | 7.78B | | -11.98% | 7.35B |
Iron, Steel Mills & Foundries
|