Real-time Estimate
Cboe BZX
20:47:22 01/05/2024 BST
|
5-day change
|
1st Jan Change
|
97.68
USD
|
+0.81%
|
|
-2.13%
|
+21.58%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
21,903
|
17,551
|
23,498
|
24,121
|
24,176
|
28,656
|
-
|
-
|
Enterprise Value (EV)
1 |
26,566
|
21,752
|
28,237
|
24,121
|
28,412
|
33,353
|
33,352
|
33,353
|
P/E ratio
|
10.7
x
|
10.3
x
|
10.4
x
|
13.9
x
|
10.1
x
|
9.54
x
|
8.41
x
|
7.36
x
|
Yield
|
2.02%
|
2.65%
|
2.08%
|
2.08%
|
2.18%
|
1.94%
|
2.06%
|
2.15%
|
Capitalization / Revenue
|
1.06
x
|
0.86
x
|
1.05
x
|
1.08
x
|
0.99
x
|
1.08
x
|
1.02
x
|
0.97
x
|
EV / Revenue
|
1.28
x
|
1.06
x
|
1.26
x
|
1.08
x
|
1.16
x
|
1.26
x
|
1.18
x
|
1.13
x
|
EV / EBITDA
|
-
|
-
|
-
|
-
|
6.83
x
|
7.19
x
|
6.73
x
|
-
|
EV / FCF
|
-
|
-
|
-
|
-
|
7.09
x
|
5.94
x
|
5.84
x
|
-
|
FCF Yield
|
-
|
-
|
-
|
-
|
14.1%
|
16.8%
|
17.1%
|
-
|
Price to Book
|
1.39
x
|
0.97
x
|
1.34
x
|
1.83
x
|
1.63
x
|
1.74
x
|
1.54
x
|
1.35
x
|
Nbr of stocks (in thousands)
|
360,421
|
358,330
|
340,353
|
318,099
|
300,770
|
295,755
|
-
|
-
|
Reference price
2 |
60.77
|
48.98
|
69.04
|
75.83
|
80.38
|
96.89
|
96.89
|
96.89
|
Announcement Date
|
03/02/20
|
04/02/21
|
03/02/22
|
02/02/23
|
01/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
20,740
|
20,523
|
22,390
|
22,362
|
24,527
|
26,548
|
28,231
|
29,503
|
EBITDA
1 |
-
|
-
|
-
|
-
|
4,157
|
4,636
|
4,954
|
-
|
EBIT
1 |
2,815
|
2,356
|
2,930
|
3,369
|
3,647
|
3,927
|
4,330
|
4,713
|
Operating Margin
|
13.57%
|
11.48%
|
13.09%
|
15.07%
|
14.87%
|
14.79%
|
15.34%
|
15.97%
|
Earnings before Tax (EBT)
1 |
2,560
|
2,120
|
2,896
|
2,258
|
3,088
|
3,479
|
3,720
|
4,379
|
Net income
1 |
2,064
|
1,716
|
2,344
|
1,794
|
2,483
|
3,003
|
3,250
|
3,452
|
Net margin
|
9.95%
|
8.36%
|
10.47%
|
8.02%
|
10.12%
|
11.31%
|
11.51%
|
11.7%
|
EPS
2 |
5.660
|
4.760
|
6.620
|
5.440
|
7.970
|
10.16
|
11.52
|
13.17
|
Free Cash Flow
1 |
-
|
-
|
-
|
-
|
4,005
|
5,616
|
5,715
|
-
|
FCF margin
|
-
|
-
|
-
|
-
|
16.33%
|
21.15%
|
20.24%
|
-
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
96.34%
|
121.14%
|
115.35%
|
-
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
161.3%
|
186.98%
|
175.86%
|
-
|
Dividend per Share
2 |
1.225
|
1.300
|
1.435
|
1.580
|
1.750
|
1.882
|
1.999
|
2.084
|
Announcement Date
|
03/02/20
|
04/02/21
|
03/02/22
|
02/02/23
|
01/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
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
|
---|
Net sales
1 |
5,816
|
5,393
|
5,373
|
5,580
|
6,016
|
5,910
|
6,049
|
6,168
|
6,400
|
6,419
|
6,565
|
6,704
|
6,881
|
6,922
|
7,023
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
930
|
761
|
956
|
655
|
997
|
712
|
780
|
942
|
1,213
|
910
|
935.6
|
1,048
|
1,031
|
1,148
|
-
|
Operating Margin
|
15.99%
|
14.11%
|
17.79%
|
11.74%
|
16.57%
|
12.05%
|
12.89%
|
15.27%
|
18.95%
|
14.18%
|
14.25%
|
15.64%
|
14.99%
|
16.58%
|
-
|
Earnings before Tax (EBT)
1 |
900
|
543
|
552
|
431
|
732
|
653
|
672
|
813
|
950
|
911
|
687
|
742
|
835
|
876
|
803.5
|
Net income
1 |
724
|
440
|
437
|
333
|
584
|
530
|
542
|
645
|
766
|
748
|
737.9
|
765.2
|
765.2
|
782.4
|
805.3
|
Net margin
|
12.45%
|
8.16%
|
8.13%
|
5.97%
|
9.71%
|
8.97%
|
8.96%
|
10.46%
|
11.97%
|
11.65%
|
11.24%
|
11.41%
|
11.12%
|
11.3%
|
11.47%
|
EPS
2 |
2.100
|
1.300
|
1.320
|
1.020
|
1.810
|
1.660
|
1.730
|
2.090
|
2.510
|
2.470
|
2.460
|
2.576
|
2.658
|
2.777
|
2.861
|
Dividend per Share
2 |
0.3850
|
0.3850
|
0.3850
|
0.3850
|
0.4250
|
0.4250
|
0.4250
|
0.4250
|
0.4750
|
-
|
0.4596
|
0.4638
|
0.4902
|
0.4800
|
0.4800
|
Announcement Date
|
03/02/22
|
28/04/22
|
28/07/22
|
27/10/22
|
02/02/23
|
27/04/23
|
27/07/23
|
26/10/23
|
01/02/24
|
25/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
4,663
|
4,201
|
4,739
|
-
|
4,236
|
4,697
|
4,696
|
4,697
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
1.019
x
|
1.013
x
|
0.9479
x
|
-
|
Free Cash Flow
1 |
-
|
-
|
-
|
-
|
4,005
|
5,616
|
5,715
|
-
|
ROE (net income / shareholders' equity)
|
13.6%
|
12%
|
12%
|
14.4%
|
15.8%
|
17.1%
|
17%
|
16.5%
|
ROA (Net income/ Total Assets)
|
-
|
-
|
2.89%
|
13.3%
|
13%
|
19%
|
19.5%
|
-
|
Assets
1 |
-
|
-
|
81,088
|
13,489
|
19,100
|
15,808
|
16,708
|
-
|
Book Value Per Share
2 |
43.90
|
50.40
|
51.40
|
41.50
|
49.40
|
55.80
|
62.80
|
71.60
|
Cash Flow per Share
|
-
|
10.70
|
11.60
|
12.20
|
-
|
-
|
-
|
-
|
Capex
1 |
-
|
-
|
-
|
-
|
215
|
207
|
216
|
-
|
Capex / Sales
|
-
|
-
|
-
|
-
|
0.88%
|
0.78%
|
0.76%
|
-
|
Announcement Date
|
03/02/20
|
04/02/21
|
03/02/22
|
02/02/23
|
01/02/24
|
-
|
-
|
-
|
Last Close Price
96.89
USD Average target price
109.1
USD Spread / Average Target +12.63% Consensus |
1st Jan change
|
Capi.
|
---|
| +21.58% | 28.66B | | +11.01% | 101B | | +6.02% | 98.26B | | +1.05% | 69.77B | | +9.36% | 19.51B | | -4.31% | 12.3B | | +8.48% | 10.94B | | +10.00% | 10.59B | | +20.46% | 10.1B | | +4.16% | 9.08B |
Other Multiline Insurance & Brokers
|