Market Closed -
London S.E.
14:30:00 08/06/2023 BST
|
5-day change
|
1st Jan Change
|
46.17
USD
|
-7.12%
|
|
+7.10%
|
+6.96%
|
Fiscal Period: July |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
12,546
|
14,900
|
13,249
|
14,833
|
13,787
|
13,133
|
-
|
-
|
Enterprise Value (EV)
1 |
21,079
|
20,237
|
18,238
|
19,534
|
18,287
|
20,184
|
19,815
|
19,339
|
P/E ratio
|
59.5
x
|
25.3
x
|
13.3
x
|
19.7
x
|
16.2
x
|
17.2
x
|
13.7
x
|
12.7
x
|
Yield
|
3.36%
|
2.84%
|
3.34%
|
3%
|
-
|
3.38%
|
3.52%
|
3.72%
|
Capitalization / Revenue
|
1.55
x
|
1.71
x
|
1.56
x
|
1.73
x
|
1.47
x
|
1.36
x
|
1.24
x
|
1.23
x
|
EV / Revenue
|
2.6
x
|
2.33
x
|
2.15
x
|
2.28
x
|
1.95
x
|
2.09
x
|
1.88
x
|
1.81
x
|
EV / EBITDA
|
12.3
x
|
11.5
x
|
10.6
x
|
12
x
|
10.4
x
|
10.9
x
|
9.76
x
|
9.23
x
|
EV / FCF
|
20.8
x
|
18.4
x
|
24
x
|
20.8
x
|
23.7
x
|
25.6
x
|
22
x
|
20.2
x
|
FCF Yield
|
4.81%
|
5.42%
|
4.17%
|
4.81%
|
4.23%
|
3.9%
|
4.54%
|
4.95%
|
Price to Book
|
11.3
x
|
5.8
x
|
4.2
x
|
4.43
x
|
-
|
3.28
x
|
2.97
x
|
2.66
x
|
Nbr of stocks (in thousands)
|
301,150
|
302,164
|
303,051
|
300,576
|
298,092
|
298,554
|
-
|
-
|
Reference price
2 |
41.66
|
49.31
|
43.72
|
49.35
|
46.25
|
43.99
|
43.99
|
43.99
|
Announcement Date
|
30/08/19
|
03/09/20
|
01/09/21
|
01/09/22
|
31/08/23
|
-
|
-
|
-
|
Fiscal Period: July |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
8,107
|
8,691
|
8,476
|
8,562
|
9,357
|
9,679
|
10,565
|
10,710
|
EBITDA
1 |
1,712
|
1,756
|
1,723
|
1,634
|
1,754
|
1,852
|
2,030
|
2,096
|
EBIT
1 |
1,266
|
1,449
|
1,406
|
1,297
|
1,367
|
1,451
|
1,602
|
1,661
|
Operating Margin
|
15.62%
|
16.67%
|
16.59%
|
15.15%
|
14.61%
|
14.99%
|
15.16%
|
15.51%
|
Earnings before Tax (EBT)
1 |
625
|
766
|
-
|
975
|
1,128
|
1,123
|
1,263
|
1,357
|
Net income
1 |
211
|
1,628
|
1,002
|
757
|
858
|
766.1
|
957.8
|
1,025
|
Net margin
|
2.6%
|
18.73%
|
11.82%
|
8.84%
|
9.17%
|
7.91%
|
9.07%
|
9.57%
|
EPS
2 |
0.7000
|
1.950
|
3.290
|
2.510
|
2.850
|
2.558
|
3.216
|
3.476
|
Free Cash Flow
1 |
1,014
|
1,097
|
760
|
939
|
773
|
787.1
|
899.6
|
956.8
|
FCF margin
|
12.51%
|
12.62%
|
8.97%
|
10.97%
|
8.26%
|
8.13%
|
8.52%
|
8.93%
|
FCF Conversion (EBITDA)
|
59.23%
|
62.47%
|
44.11%
|
57.47%
|
44.07%
|
42.51%
|
44.31%
|
45.64%
|
FCF Conversion (Net income)
|
480.57%
|
67.38%
|
75.85%
|
124.04%
|
90.09%
|
102.74%
|
93.92%
|
93.32%
|
Dividend per Share
2 |
1.400
|
1.400
|
1.460
|
1.480
|
-
|
1.486
|
1.549
|
1.635
|
Announcement Date
|
30/08/19
|
03/09/20
|
01/09/21
|
01/09/22
|
31/08/23
|
-
|
-
|
-
|
Fiscal Period: July |
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
|
2025 Q3
|
2025 Q4
|
---|
Net sales
1 |
2,209
|
2,130
|
1,987
|
2,575
|
2,485
|
2,229
|
2,068
|
2,518
|
2,456
|
2,369
|
2,324
|
2,825
|
2,772
|
2,526
|
2,389
|
EBITDA
1 |
401
|
406
|
355
|
540
|
447
|
421
|
345
|
503
|
460
|
460
|
433.9
|
571
|
522.2
|
486.3
|
452.3
|
EBIT
1 |
318
|
321
|
269
|
449
|
362
|
313
|
242
|
407
|
364
|
354
|
330.8
|
461.1
|
414.1
|
382
|
344
|
Operating Margin
|
14.4%
|
15.07%
|
13.54%
|
17.44%
|
14.57%
|
14.04%
|
11.7%
|
16.16%
|
14.82%
|
14.94%
|
14.24%
|
16.32%
|
14.94%
|
15.12%
|
14.4%
|
Earnings before Tax (EBT)
1 |
277
|
244
|
125
|
390
|
305
|
208
|
225
|
310
|
271
|
182
|
245.7
|
381.3
|
332
|
300.5
|
262.8
|
Net income
1 |
212
|
188
|
96
|
297
|
232
|
160
|
169
|
234
|
203
|
133
|
174.1
|
284.7
|
244.8
|
219.5
|
192.4
|
Net margin
|
9.6%
|
8.83%
|
4.83%
|
11.53%
|
9.34%
|
7.18%
|
8.17%
|
9.29%
|
8.27%
|
5.61%
|
7.49%
|
10.08%
|
8.83%
|
8.69%
|
8.05%
|
EPS
2 |
0.7000
|
0.6200
|
0.3200
|
0.9900
|
0.7700
|
0.5300
|
0.5700
|
0.7800
|
0.6800
|
0.4400
|
0.5833
|
0.9580
|
0.8260
|
0.7420
|
0.6480
|
Dividend per Share
2 |
0.3700
|
0.3700
|
0.3700
|
0.3700
|
-
|
0.3700
|
-
|
0.3700
|
-
|
-
|
0.3700
|
0.3737
|
0.3862
|
0.3862
|
0.3916
|
Announcement Date
|
09/03/22
|
08/06/22
|
01/09/22
|
07/12/22
|
08/03/23
|
07/06/23
|
31/08/23
|
06/12/23
|
06/03/24
|
05/06/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: July |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
8,533
|
5,337
|
4,989
|
4,701
|
4,500
|
7,051
|
6,682
|
6,206
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
4.984
x
|
3.039
x
|
2.896
x
|
2.877
x
|
2.566
x
|
3.808
x
|
3.291
x
|
2.96
x
|
Free Cash Flow
1 |
1,014
|
1,097
|
760
|
939
|
773
|
787
|
900
|
957
|
ROE (net income / shareholders' equity)
|
56%
|
50.7%
|
31.8%
|
23.4%
|
25.8%
|
23.8%
|
23.5%
|
22.8%
|
ROA (Net income/ Total Assets)
|
5.03%
|
7.32%
|
7.54%
|
7.25%
|
7.54%
|
6.92%
|
6.91%
|
7.19%
|
Assets
1 |
4,195
|
22,241
|
13,286
|
10,436
|
11,378
|
11,070
|
13,866
|
14,263
|
Book Value Per Share
2 |
3.690
|
8.510
|
10.40
|
11.10
|
-
|
13.40
|
14.80
|
16.50
|
Cash Flow per Share
2 |
4.630
|
4.590
|
3.390
|
3.910
|
3.800
|
4.150
|
4.770
|
5.190
|
Capex
1 |
384
|
299
|
275
|
242
|
370
|
498
|
479
|
476
|
Capex / Sales
|
4.74%
|
3.44%
|
3.24%
|
2.83%
|
3.95%
|
5.14%
|
4.54%
|
4.45%
|
Announcement Date
|
30/08/19
|
03/09/20
|
01/09/21
|
01/09/22
|
31/08/23
|
-
|
-
|
-
|
Last Close Price
43.99
USD Average target price
47.37
USD Spread / Average Target +7.67% Consensus |
1st Jan change
|
Capi.
|
---|
| -2.29% | 280B | | -9.08% | 88.33B | | +0.20% | 40.46B | | -12.44% | 39.32B | | +0.29% | 37.81B | | +0.55% | 36.98B | | -17.61% | 29.42B | | -4.37% | 29.35B | | +4.90% | 23.44B |
Other Food Processing
|