Financials INDITEX Wiener Boerse

Stocks

ITX

ES0148396007

Apparel & Accessories Retailers

Real-time Estimate Tradegate 11:53:04 16/09/2026 BST			5-day change	1st Jan Change
52.57 ^EUR	-4.28%		-3.24%	-2.62%

08:23am	The bond and oil reprieve lifts the IBEX ahead of the Fed announcement	RE
09-15	IBEX gives up ground as focus turns to the Fed and red-hot bonds	RE

Projected Income Statement: INDITEX

Fiscal Period: January	2022	2023	2024	2025	2026	2027	2028	2029
Net sales ¹	27,716	32,569	35,947	38,632	39,864	42,910	46,128	49,390
Change	-	17.51%	10.37%	7.47%	3.19%	7.64%	7.5%	7.07%
EBITDA ¹	7,183	8,649	9,850	10,728	11,267	12,057	13,060	14,069
Change	-	20.41%	13.89%	8.91%	5.02%	7.01%	8.32%	7.73%
EBIT ¹	4,282	5,520	6,809	7,554	7,997	8,675	9,458	10,246
Change	-	28.91%	23.35%	10.94%	5.87%	8.47%	9.03%	8.33%
Interest Paid ¹	-142	-214	-11	-77	-80	-95.35	-98.16	-95.29
Earnings before Tax (EBT) ¹	4,199	5,358	6,870	7,577	8,020	8,737	9,529	10,368
Change	-	27.6%	28.22%	10.29%	5.84%	8.94%	9.07%	8.8%
Net income ¹	3,243	4,130	5,381	5,866	6,220	6,746	7,374	8,004
Change	-	27.35%	30.29%	9.01%	6.04%	8.45%	9.32%	8.54%
Announcement Date	16/03/22	15/03/23	13/03/24	12/03/25	10/03/26	-	-	-

¹EUR in Million

Estimates

Fiscal Period: January	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	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2	2028 Q3	2028 Q4
Net sales ¹	7,389	8,391	6,742	8,103	8,210	9,514	7,611	9,240	8,758	10,338	8,150	9,915	9,357	11,210	8,274	10,083	9,800	11,693	8,750	11,005	10,605	12,580	9,576	11,670	11,358	13,533
Change	-	13.56%	-19.65%	20.19%	1.33%	15.88%	-20%	21.4%	-5.22%	18.04%	-21.16%	21.66%	-5.63%	19.8%	-26.19%	21.86%	-2.81%	19.32%	-25.17%	25.78%	-3.64%	18.62%	-23.88%	21.86%	-2.67%	19.15%
EBITDA ¹	2,330	1,752	1,917	2,112	2,063	2,129	2,195	2,468	2,766	2,421	2,370	2,670	2,927	2,762	2,393	2,721	3,200	2,965	2,568	2,945	3,455	3,220	-	-	-	-
Change	-	-24.81%	9.42%	10.17%	-2.31%	3.19%	3.1%	12.44%	12.07%	-12.47%	-2.11%	12.66%	9.63%	-5.64%	-13.36%	13.71%	17.6%	-7.34%	-13.39%	14.68%	17.33%	-6.82%	-	-	-	-
EBIT ¹	1,608	989	1,034	1,397	1,740	1,343	1,483	1,681	2,028	1,617	1,636	1,905	2,132	1,881	1,641	1,931	2,371	2,054	1,756	2,087	2,468	2,437	1,573	1,872	2,037	3,985
Change	-	-38.48%	4.55%	35.11%	24.54%	-22.81%	10.42%	13.35%	20.64%	-20.27%	1.18%	16.44%	11.92%	-11.77%	-12.76%	17.67%	22.79%	-13.37%	-14.51%	18.87%	18.23%	-1.23%	-35.47%	19.05%	8.79%	95.61%
Charge d'intérêts ¹	-32.5	-42	-49	-62.45	-	-43	-	43.99	-	-9	-21	-	-	-90	5	-17	-37	-31	-16	-35	-29	-26	-	-	-	-
Earnings before Tax (EBT) ¹	1,588	967	990	1,350	1,694	1,324	1,505	1,747	1,986	1,632	1,672	1,926	2,156	1,823	1,671	1,930	2,363	2,056	1,762	2,083	2,585	2,272	-	-	-	-
Change	-	-39.1%	2.38%	36.36%	25.45%	-21.82%	13.67%	16.08%	13.68%	-17.82%	2.45%	15.19%	11.94%	-15.45%	-8.34%	15.5%	22.44%	-12.99%	-14.3%	18.22%	24.11%	-12.12%	-	-	-	-
Net income ¹	1,228	744	760	1,034	1,301	1,035	1,168	1,345	1,589	1,279	1,294	1,474	1,681	1,417	1,305	1,486	1,800	1,598	1,375	1,605	2,006	1,768	-	-	-	-
Change	-	-39.43%	2.15%	36.05%	25.78%	-20.42%	12.85%	15.15%	18.14%	-19.51%	1.17%	13.91%	14.04%	-15.7%	-7.9%	13.87%	21.13%	-11.22%	-13.95%	16.72%	25.03%	-11.9%	-	-	-	-
Announcement Date	15/12/21	16/03/22	08/06/22	14/09/22	15/12/22	15/03/23	07/06/23	13/09/23	13/12/23	13/03/24	05/06/24	10/09/24	11/12/24	12/03/25	11/06/25	10/09/25	03/12/25	10/03/26	03/06/26	09/09/26	-	-	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: January	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2	2027 S1	2027 S2
Net sales ¹	14,845	17,724	16,851	19,096	18,065	20,567	18,357	21,507	19,755	23,207
Change	-	19.39%	-4.93%	13.32%	-5.4%	13.85%	-10.75%	17.16%	-8.15%	17.47%
EBITDA ¹	4,029	4,620	4,663	5,188	5,040	5,688	5,114	6,153	5,513	6,636
Change	-	14.67%	0.93%	11.26%	-2.85%	12.86%	-10.09%	20.32%	-10.4%	20.38%
EBIT ¹	2,431	3,089	3,164	3,645	3,541	4,013	3,572	4,426	3,843	4,764
Change	-	27.07%	2.43%	15.2%	-2.85%	13.33%	-10.99%	23.9%	-13.16%	23.95%
Charge d'intérêts ¹	-111.4	-102.6	53.99	43	-	-89	-12	-68	-51	-61.5
Earnings before Tax (EBT) ¹	2,340	3,018	3,252	3,617	3,598	3,979	3,601	4,419	3,845	4,816
Change	-	28.97%	7.75%	11.22%	-0.53%	10.59%	-9.5%	22.71%	-12.98%	25.27%
Net income ¹	1,794	2,336	2,513	2,867	2,768	3,098	2,791	3,429	2,980	3,730
Change	-	30.21%	7.58%	14.09%	-3.45%	11.92%	-9.91%	22.86%	-13.1%	25.19%
Announcement Date	14/09/22	15/03/23	13/09/23	13/03/24	10/09/24	12/03/25	10/09/25	10/03/26	09/09/26	-

¹EUR in Million

Estimates

Forecast Balance Sheet: INDITEX

Fiscal Period: January	2022	2023	2024	2025	2026	2027	2028	2029
Net Debt ¹	-9,359	-10,070	-11,406	-11,495	-10,958	-5,537	-6,547	-8,191
Change	-	-7.6%	-13.27%	-0.78%	4.67%	49.47%	-18.24%	-25.11%
Announcement Date	16/03/22	15/03/23	13/03/24	12/03/25	10/03/26	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: INDITEX

Fiscal Period: January	2022	2023	2024	2025	2026	2027	2028	2029
CAPEX ¹	1,126	1,415	1,872	2,672	2,712	2,426	2,484	2,614
Change	-	25.67%	32.3%	42.74%	1.5%	-10.54%	2.38%	5.25%
Free Cash Flow (FCF) ¹	5,628	3,638	6,795	6,616	4,686	6,097	6,960	7,610
Change	-	-35.36%	86.78%	-2.63%	-29.17%	30.11%	14.15%	9.35%
Announcement Date	16/03/22	15/03/23	13/03/24	12/03/25	10/03/26	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: INDITEX

Fiscal Period: January	2022	2023	2024	2025	2026	2027	2028	2029
Profitability
EBITDA Margin (%)	25.92%	26.56%	27.4%	27.77%	28.26%	28.1%	28.31%	28.49%
EBIT Margin (%)	15.45%	16.95%	18.94%	19.55%	20.06%	20.22%	20.5%	20.75%
EBT Margin (%)	15.15%	16.45%	19.11%	19.61%	20.12%	20.36%	20.66%	20.99%
Net margin (%)	11.7%	12.68%	14.97%	15.18%	15.6%	15.72%	15.99%	16.21%
FCF margin (%)	20.31%	11.17%	18.9%	17.13%	11.75%	14.21%	15.09%	15.41%
FCF / Net Income (%)	173.54%	88.09%	126.28%	112.79%	75.34%	90.38%	94.38%	95.09%
Profitability
ROA	11.72%	14.02%	17.16%	17.39%	17.68%	18.06%	18.63%	19.1%
ROE	21%	25%	30%	30.62%	31%	31.93%	33.66%	34.13%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	4.06%	4.34%	5.21%	6.92%	6.8%	5.65%	5.38%	5.29%
CAPEX / EBITDA (%)	15.68%	16.36%	19.01%	24.91%	24.07%	20.12%	19.02%	18.58%
CAPEX / FCF (%)	20.01%	38.89%	27.55%	40.39%	57.87%	39.79%	35.69%	34.35%
Items per share
Cash flow per share ¹	2.169	2.144	2.784	2.982	2.963	3.088	3.28	3.415
Change	-	-1.15%	29.85%	7.11%	-0.65%	4.22%	6.23%	4.13%
Dividend per Share ¹	0.93	1.2	1.54	1.68	1.75	1.927	2.09	2.265
Change	-	29.03%	28.33%	9.09%	4.17%	10.09%	8.47%	8.39%
Book Value Per Share ¹	5.053	5.466	5.989	6.318	6.545	6.817	7.317	7.615
Change	-	8.17%	9.57%	5.49%	3.6%	4.16%	7.33%	4.07%
EPS ¹	1.042	1.327	1.729	1.884	2	2.168	2.368	2.572
Change	-	27.35%	30.29%	8.96%	6.16%	8.38%	9.26%	8.6%
Nbr of stocks (in thousands)	3,114,926	3,111,719	3,113,070	3,114,746	3,114,746	3,115,009	3,115,009	3,115,009
Announcement Date	16/03/22	15/03/23	13/03/24	12/03/25	10/03/26	-	-	-