Market Closed -
London S.E.
16:30:00 10/05/2024 BST
|
5-day change
|
1st Jan Change
|
14.84
EUR
|
+3.31%
|
|
+10.54%
|
-20.13%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
9,159
|
19,889
|
21,036
|
19,768
|
18,969
|
14,960
|
-
|
-
|
Enterprise Value (EV)
1 |
11,962
|
23,332
|
24,772
|
19,768
|
24,774
|
22,907
|
23,671
|
24,420
|
P/E ratio
|
19.8
x
|
36.2
x
|
31.8
x
|
32.7
x
|
-
|
31.2
x
|
24.6
x
|
20.8
x
|
Yield
|
0.75%
|
0.35%
|
0.4%
|
-
|
1.43%
|
1.26%
|
1.5%
|
1.74%
|
Capitalization / Revenue
|
5.02
x
|
11.5
x
|
12
x
|
8.34
x
|
8.47
x
|
6.12
x
|
5.47
x
|
5.09
x
|
EV / Revenue
|
6.56
x
|
13.5
x
|
14.1
x
|
8.34
x
|
11.1
x
|
9.37
x
|
8.65
x
|
8.3
x
|
EV / EBITDA
|
7.26
x
|
14.1
x
|
14.1
x
|
9.16
x
|
13.4
x
|
11.5
x
|
10.4
x
|
10.1
x
|
EV / FCF
|
-598
x
|
-19.6
x
|
-14.5
x
|
-
|
-
|
-8.28
x
|
-12.2
x
|
-20.2
x
|
FCF Yield
|
-0.17%
|
-5.1%
|
-6.9%
|
-
|
-
|
-12.1%
|
-8.17%
|
-4.94%
|
Price to Book
|
1.33
x
|
2.75
x
|
2.37
x
|
2.23
x
|
-
|
1.28
x
|
1.2
x
|
1.13
x
|
Nbr of stocks (in thousands)
|
872,308
|
872,308
|
960,558
|
960,558
|
1,023,978
|
1,023,978
|
-
|
-
|
Reference price
2 |
10.50
|
22.80
|
21.90
|
20.58
|
18.52
|
14.61
|
14.61
|
14.61
|
Announcement Date
|
20/02/20
|
24/02/21
|
16/02/22
|
01/03/23
|
28/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,824
|
1,731
|
1,758
|
2,371
|
2,239
|
2,444
|
2,735
|
2,941
|
EBITDA
1 |
1,648
|
1,655
|
1,760
|
2,157
|
1,845
|
1,987
|
2,272
|
2,430
|
EBIT
1 |
1,055
|
1,054
|
1,151
|
1,412
|
875
|
1,135
|
1,330
|
1,451
|
Operating Margin
|
57.86%
|
60.9%
|
65.47%
|
59.52%
|
39.08%
|
46.47%
|
48.63%
|
49.33%
|
Earnings before Tax (EBT)
1 |
709.1
|
768.9
|
903
|
962.4
|
561
|
757.6
|
920.2
|
1,069
|
Net income
1 |
475.1
|
555.7
|
655
|
616.2
|
309
|
479.4
|
611
|
719.5
|
Net margin
|
26.05%
|
32.11%
|
37.26%
|
25.99%
|
13.8%
|
19.62%
|
22.34%
|
24.47%
|
EPS
2 |
0.5316
|
0.6300
|
0.6891
|
0.6300
|
-
|
0.4681
|
0.5935
|
0.7034
|
Free Cash Flow
1 |
-20
|
-1,190
|
-1,711
|
-
|
-
|
-2,766
|
-1,933
|
-1,206
|
FCF margin
|
-1.1%
|
-68.75%
|
-97.3%
|
-
|
-
|
-113.21%
|
-70.69%
|
-41.01%
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
0.0788
|
0.0788
|
0.0886
|
-
|
0.2658
|
0.1837
|
0.2188
|
0.2541
|
Announcement Date
|
20/02/20
|
24/02/21
|
16/02/22
|
01/03/23
|
28/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
---|
Net sales
1 |
912.9
|
856
|
336
|
566.3
|
569
|
668
|
1,237
|
505.7
|
628.5
|
706
|
519
|
1,225
|
428.7
|
585
|
603.5
|
456.9
|
377.7
|
825.7
|
-
|
EBITDA
1 |
793.2
|
654.2
|
262.8
|
842.7
|
394
|
582
|
976
|
506
|
675
|
448
|
316
|
764
|
663
|
418
|
440
|
-
|
-
|
-
|
-
|
EBIT
1 |
501
|
363.6
|
108.4
|
679
|
232
|
408
|
640
|
323.4
|
448.5
|
266
|
113
|
379
|
477
|
19
|
234
|
-
|
-
|
-
|
-
|
Operating Margin
|
54.88%
|
42.48%
|
32.26%
|
119.9%
|
40.77%
|
61.08%
|
51.74%
|
63.95%
|
71.36%
|
37.68%
|
21.77%
|
30.93%
|
111.28%
|
3.25%
|
38.77%
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
1 |
337.3
|
252.5
|
32
|
618.5
|
158
|
297
|
455
|
212.5
|
295.4
|
140
|
70
|
210.1
|
388.9
|
-38
|
144
|
-
|
-
|
-
|
-
|
Net income
1 |
254.7
|
141.6
|
6.6
|
506.8
|
66
|
199
|
265
|
151.3
|
200.2
|
65
|
15
|
79.83
|
365.2
|
-136
|
67.5
|
81.81
|
-12.09
|
355.9
|
-
|
Net margin
|
27.9%
|
16.54%
|
1.96%
|
89.49%
|
11.6%
|
29.79%
|
21.42%
|
29.91%
|
31.86%
|
9.21%
|
2.89%
|
6.51%
|
85.19%
|
-23.25%
|
11.18%
|
17.91%
|
-3.2%
|
43.1%
|
-
|
EPS
2 |
0.2855
|
0.1575
|
0.009840
|
0.5217
|
0.0699
|
0.2067
|
-
|
0.1477
|
-
|
-
|
-
|
-
|
-
|
-
|
0.0708
|
0.0799
|
-0.0117
|
0.3452
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
0.0886
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.0483
|
0.0483
|
0.0483
|
0.0483
|
0.0630
|
Announcement Date
|
03/09/20
|
28/07/21
|
03/11/21
|
16/02/22
|
04/05/22
|
28/07/22
|
28/07/22
|
26/10/22
|
01/03/23
|
03/05/23
|
26/07/23
|
26/07/23
|
31/10/23
|
28/02/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
2,803
|
3,443
|
3,736
|
-
|
5,805
|
7,947
|
8,711
|
9,459
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.701
x
|
2.081
x
|
2.123
x
|
-
|
3.146
x
|
3.999
x
|
3.835
x
|
3.893
x
|
Free Cash Flow
1 |
-20
|
-1,190
|
-1,711
|
-
|
-
|
-2,766
|
-1,933
|
-1,206
|
ROE (net income / shareholders' equity)
|
7.05%
|
7.76%
|
8.13%
|
6.93%
|
3.08%
|
3.86%
|
4.69%
|
5.29%
|
ROA (Net income/ Total Assets)
|
2.7%
|
3.1%
|
3.26%
|
2.49%
|
1.07%
|
1.57%
|
1.7%
|
1.76%
|
Assets
1 |
17,616
|
17,928
|
20,084
|
24,762
|
28,771
|
30,459
|
35,889
|
40,971
|
Book Value Per Share
2 |
7.870
|
8.290
|
9.230
|
9.250
|
-
|
11.40
|
12.10
|
13.00
|
Cash Flow per Share
2 |
1.230
|
1.020
|
0.8500
|
1.070
|
-
|
1.280
|
1.370
|
1.530
|
Capex
1 |
1,109
|
2,098
|
2,522
|
2,350
|
4,556
|
3,484
|
3,394
|
3,076
|
Capex / Sales
|
60.81%
|
121.22%
|
143.46%
|
99.08%
|
203.48%
|
142.59%
|
124.09%
|
104.6%
|
Announcement Date
|
20/02/20
|
24/02/21
|
16/02/22
|
01/03/23
|
28/02/24
|
-
|
-
|
-
|
Last Close Price
14.61
EUR Average target price
17.32
EUR Spread / Average Target +18.54% Consensus |
1st Jan change
|
Capi.
|
---|
| +7.37% | 32.52B | | +9.04% | 23.44B | | -5.14% | 6.81B | | +0.66% | 4.98B | | -6.86% | 4.22B | | -9.93% | 4.06B | | -2.03% | 3.1B | | +8.72% | 2.94B | | -.--% | 2.89B |
Renewable IPPs
|