Financials Brenntag SE

Equities

BNR

DE000A1DAHH0

Diversified Chemicals

Market Closed - Xetra 16:35:29 12/07/2024 BST 5-day change 1st Jan Change
63.92 EUR +0.92% Intraday chart for Brenntag SE -0.12% -23.19%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,490 9,786 12,295 9,227 12,287 9,229 - -
Enterprise Value (EV) 1 9,130 10,799 14,166 11,276 14,474 11,286 11,112 10,874
P/E ratio 16.1 x 21 x 27.5 x 10.4 x 17.6 x 13.1 x 12.4 x 11.1 x
Yield 2.58% 2.13% 1.82% 3.35% 2.52% 3.34% 3.54% 3.79%
Capitalization / Revenue 0.58 x 0.83 x 0.85 x 0.47 x 0.73 x 0.55 x 0.52 x 0.5 x
EV / Revenue 0.71 x 0.92 x 0.98 x 0.58 x 0.86 x 0.67 x 0.62 x 0.58 x
EV / EBITDA 9.12 x 10.2 x 10.5 x 6.23 x 9.13 x 7.28 x 6.72 x 6.16 x
EV / FCF 13.5 x 10.6 x 74.8 x 16.4 x 10.8 x 15.9 x 15.6 x 13.5 x
FCF Yield 7.4% 9.44% 1.34% 6.11% 9.28% 6.3% 6.42% 7.42%
Price to Book 2.13 x 2.75 x 3.15 x 1.94 x 2.85 x 2.04 x 1.87 x 1.7 x
Nbr of stocks (in thousands) 154,500 154,500 154,500 154,500 147,643 144,385 - -
Reference price 2 48.48 63.34 79.58 59.72 83.22 63.92 63.92 63.92
Announcement Date 04/03/20 10/03/21 09/03/22 08/03/23 07/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 12,822 11,776 14,383 19,429 16,815 16,898 17,841 18,607
EBITDA 1 1,002 1,058 1,345 1,809 1,585 1,550 1,654 1,766
EBIT 1 708.3 760.2 971.1 1,402 1,201 1,173 1,274 1,374
Operating Margin 5.52% 6.46% 6.75% 7.22% 7.14% 6.94% 7.14% 7.38%
Earnings before Tax (EBT) 1 633.4 633.3 650.3 1,235 1,003 1,027 1,047 1,182
Net income 1 466.7 466.5 448.3 886.8 714.9 727.3 759.4 854.9
Net margin 3.64% 3.96% 3.12% 4.56% 4.25% 4.3% 4.26% 4.59%
EPS 2 3.020 3.020 2.890 5.740 4.730 4.883 5.155 5.766
Free Cash Flow 1 675.3 1,020 189.3 689.5 1,343 710.9 713.7 806.6
FCF margin 5.27% 8.66% 1.32% 3.55% 7.99% 4.21% 4% 4.34%
FCF Conversion (EBITDA) 67.43% 96.43% 14.07% 38.12% 84.74% 45.88% 43.15% 45.67%
FCF Conversion (Net income) 144.7% 218.63% 42.23% 77.75% 187.83% 97.75% 93.99% 94.36%
Dividend per Share 2 1.250 1.350 1.450 2.000 2.100 2.134 2.262 2.422
Announcement Date 04/03/20 10/03/21 09/03/22 08/03/23 07/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2022 Q1 2022 Q2 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 6,603 4,042 4,533 5,061 5,100 4,734 4,527 4,257 8,784 4,088 3,943 4,003 4,197 4,081 3,982 4,350 -
EBITDA 1 655.4 346.3 463 533.8 459.7 352.1 420.4 409.7 830.1 380.9 373.6 341.6 359.2 389.3 391.5 - -
EBIT 1 364 256.4 376.1 441.2 376.8 208.1 336.8 315.3 642.7 263.7 285.2 239.1 291.5 321.2 303.8 - -
Operating Margin 5.51% 6.34% 8.3% 8.72% 7.39% 4.4% 7.44% 7.41% 7.32% 6.45% 7.23% 5.97% 6.94% 7.87% 7.63% - -
Earnings before Tax (EBT) - - - - 336.8 146 - - - 238.9 - - - - - - -
Net income 1 - - 249.3 287.5 248.8 101.2 215.9 186.9 - 176.3 135.8 141.4 178.6 205.5 194.3 - -
Net margin - - 5.5% 5.68% 4.88% 2.14% 4.77% 4.39% - 4.31% 3.44% 3.53% 4.25% 5.04% 4.88% - -
EPS 2 1.500 0.3800 1.610 1.860 1.600 0.6700 1.400 1.230 - 1.180 0.9300 0.9700 1.044 1.240 1.118 - -
Dividend per Share 2 - 1.450 - 1.450 - 0.5500 - 2.000 - - 0.5250 - 0.4871 0.4871 0.4871 0.5302 0.5302
Announcement Date 10/08/21 09/03/22 12/05/22 10/08/22 10/11/22 08/03/23 10/05/23 10/08/23 10/08/23 09/11/23 07/03/24 13/05/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,640 1,013 1,871 2,050 2,187 2,057 1,883 1,645
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.638 x 0.9576 x 1.391 x 1.133 x 1.38 x 1.327 x 1.138 x 0.9313 x
Free Cash Flow 1 675 1,020 189 690 1,343 711 714 807
ROE (net income / shareholders' equity) 13.7% 13.2% 16.4% 20.8% 15.8% 17.1% 17% 17.1%
ROA (Net income/ Total Assets) 5.74% 5.58% 6.66% 8.36% 6.59% 6.32% 6.57% 7.12%
Assets 1 8,129 8,354 6,732 10,611 10,855 11,506 11,562 12,004
Book Value Per Share 2 22.80 23.00 25.30 30.80 29.20 31.30 34.20 37.60
Cash Flow per Share 2 5.690 7.890 2.510 6.190 11.00 6.100 5.940 6.740
Capex 1 204 199 199 267 321 336 330 333
Capex / Sales 1.59% 1.69% 1.39% 1.38% 1.91% 1.99% 1.85% 1.79%
Announcement Date 04/03/20 10/03/21 09/03/22 08/03/23 07/03/24 - - -
1EUR in Million2EUR
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
63.92 EUR
Average target price
81.77 EUR
Spread / Average Target
+27.92%
Consensus
  1. Stock Market
  2. Equities
  3. BNR Stock
  4. Financials Brenntag SE