Real-time Estimate
Cboe Europe
14:47:11 02/05/2024 BST
|
5-day change
|
1st Jan Change
|
2,527
GBX
|
-0.51%
|
|
-1.79%
|
-9.46%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,000
|
2,757
|
3,293
|
2,164
|
3,157
|
2,867
|
-
|
-
|
Enterprise Value (EV)
1 |
1,980
|
2,569
|
3,051
|
1,919
|
2,698
|
2,383
|
2,287
|
2,177
|
P/E ratio
|
19.9
x
|
18.3
x
|
18.1
x
|
12
x
|
16.1
x
|
14.5
x
|
13.5
x
|
12.6
x
|
Yield
|
2.09%
|
2.07%
|
2.28%
|
3.55%
|
2.51%
|
2.88%
|
3.07%
|
3.26%
|
Capitalization / Revenue
|
0.4
x
|
0.51
x
|
0.49
x
|
0.33
x
|
0.46
x
|
0.42
x
|
0.4
x
|
0.38
x
|
EV / Revenue
|
0.39
x
|
0.47
x
|
0.45
x
|
0.3
x
|
0.39
x
|
0.35
x
|
0.32
x
|
0.29
x
|
EV / EBITDA
|
10.7
x
|
10.8
x
|
10.1
x
|
6.2
x
|
8.76
x
|
6.64
x
|
6.05
x
|
5.5
x
|
EV / FCF
|
11.5
x
|
12
x
|
14.8
x
|
8.79
x
|
7.19
x
|
13.1
x
|
11.2
x
|
8.82
x
|
FCF Yield
|
8.68%
|
8.32%
|
6.73%
|
11.4%
|
13.9%
|
7.62%
|
8.9%
|
11.3%
|
Price to Book
|
4.05
x
|
4.4
x
|
4.44
x
|
2.49
x
|
3.35
x
|
2.72
x
|
2.45
x
|
2.22
x
|
Nbr of stocks (in thousands)
|
112,817
|
112,634
|
113,153
|
113,221
|
113,081
|
112,866
|
-
|
-
|
Reference price
2 |
17.73
|
24.48
|
29.10
|
19.11
|
27.92
|
25.40
|
25.40
|
25.40
|
Announcement Date
|
12/03/20
|
16/03/21
|
16/03/22
|
31/03/23
|
20/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
5,053
|
5,441
|
6,726
|
6,470
|
6,923
|
6,807
|
7,173
|
7,575
|
EBITDA
1 |
184.5
|
237.7
|
302.9
|
309.5
|
308.1
|
358.8
|
378.1
|
395.7
|
EBIT
1 |
151.5
|
206.5
|
262.8
|
269.1
|
271.5
|
281.9
|
300.1
|
317.8
|
Operating Margin
|
3%
|
3.79%
|
3.91%
|
4.16%
|
3.92%
|
4.14%
|
4.18%
|
4.2%
|
Earnings before Tax (EBT)
1 |
141
|
206.6
|
248
|
249
|
272.1
|
275.7
|
293.9
|
311.7
|
Net income
1 |
101.7
|
153.8
|
186.5
|
184.2
|
197.6
|
198.3
|
213
|
228.2
|
Net margin
|
2.01%
|
2.83%
|
2.77%
|
2.85%
|
2.85%
|
2.91%
|
2.97%
|
3.01%
|
EPS
2 |
0.8900
|
1.338
|
1.609
|
1.591
|
1.732
|
1.747
|
1.882
|
2.010
|
Free Cash Flow
1 |
171.9
|
213.7
|
205.5
|
218.4
|
375.5
|
181.6
|
203.5
|
246.8
|
FCF margin
|
3.4%
|
3.93%
|
3.06%
|
3.38%
|
5.42%
|
2.67%
|
2.84%
|
3.26%
|
FCF Conversion (EBITDA)
|
93.16%
|
89.89%
|
67.84%
|
70.57%
|
121.88%
|
50.59%
|
53.83%
|
62.38%
|
FCF Conversion (Net income)
|
169.08%
|
138.97%
|
110.19%
|
118.57%
|
190.03%
|
91.55%
|
95.53%
|
108.14%
|
Dividend per Share
2 |
0.3700
|
0.5070
|
0.6630
|
0.6790
|
0.7000
|
0.7303
|
0.7806
|
0.8284
|
Announcement Date
|
12/03/20
|
16/03/21
|
16/03/22
|
31/03/23
|
20/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
2,462
|
3,180
|
3,546
|
2,827
|
3,644
|
3,585
|
3,338
|
3,334
|
3,423
|
3,568
|
3,660
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
158.8
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
77.3
|
-
|
140.3
|
114.2
|
154.9
|
118.5
|
153
|
100
|
185.8
|
129.9
|
181
|
Operating Margin
|
3.14%
|
-
|
3.96%
|
4.04%
|
4.25%
|
3.31%
|
4.58%
|
3%
|
5.43%
|
3.64%
|
4.94%
|
Earnings before Tax (EBT)
|
72.41
|
115.2
|
132.8
|
107.8
|
141.2
|
122.8
|
149.3
|
-
|
179.8
|
-
|
175
|
Net income
1 |
51.99
|
81.87
|
104.6
|
77.2
|
107
|
87.7
|
109.9
|
67
|
126.8
|
88.1
|
123.4
|
Net margin
|
2.11%
|
2.57%
|
2.95%
|
2.73%
|
2.94%
|
2.45%
|
3.29%
|
2.01%
|
3.7%
|
2.47%
|
3.37%
|
EPS
2 |
0.4530
|
0.7070
|
0.9020
|
0.6730
|
0.9180
|
0.7650
|
0.9670
|
0.5900
|
1.115
|
0.7740
|
1.083
|
Dividend per Share
|
0.1230
|
0.1690
|
0.4940
|
0.2210
|
-
|
0.2260
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
09/09/20
|
09/09/21
|
16/03/22
|
09/09/22
|
31/03/23
|
08/09/23
|
20/03/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
20.3
|
189
|
241
|
244
|
459
|
484
|
580
|
690
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
172
|
214
|
206
|
218
|
376
|
182
|
204
|
247
|
ROE (net income / shareholders' equity)
|
22.7%
|
27.4%
|
27.1%
|
24.5%
|
21.9%
|
19.9%
|
18.9%
|
18.1%
|
ROA (Net income/ Total Assets)
|
-
|
-
|
-
|
-
|
6.27%
|
6.4%
|
6.3%
|
6.3%
|
Assets
1 |
-
|
-
|
-
|
-
|
3,151
|
3,098
|
3,381
|
3,623
|
Book Value Per Share
2 |
4.380
|
5.560
|
6.550
|
7.670
|
8.340
|
9.340
|
10.40
|
11.40
|
Cash Flow per Share
2 |
1.770
|
2.060
|
1.950
|
2.110
|
3.600
|
1.830
|
2.130
|
2.600
|
Capex
1 |
30.1
|
23.1
|
18.8
|
23.7
|
35.1
|
40.9
|
37.9
|
41.4
|
Capex / Sales
|
0.6%
|
0.43%
|
0.28%
|
0.37%
|
0.51%
|
0.6%
|
0.53%
|
0.55%
|
Announcement Date
|
12/03/20
|
16/03/21
|
16/03/22
|
31/03/23
|
20/03/24
|
-
|
-
|
-
|
Last Close Price
25.4
GBP Average target price
32.29
GBP Spread / Average Target +27.11% Consensus |
1st Jan change
|
Capi.
|
---|
| -9.24% | 3.58B | | -14.89% | 188B | | +1.84% | 166B | | +0.46% | 151B | | +6.16% | 101B | | +5.08% | 77.06B | | +15.71% | 71.46B | | -8.33% | 70.46B | | -21.54% | 52.14B | | -7.19% | 44.34B |
Other IT Services & Consulting
|