Real-time Estimate
Cboe BZX
19:35:10 03/05/2024 BST
|
5-day change
|
1st Jan Change
|
86.38
USD
|
-0.50%
|
|
+2.16%
|
+6.76%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
13,776
|
11,639
|
38,348
|
26,730
|
20,670
|
22,164
|
-
|
-
|
Enterprise Value (EV)
1 |
17,535
|
15,403
|
49,033
|
37,207
|
30,037
|
30,800
|
30,212
|
29,323
|
P/E ratio
|
32.3
x
|
33.9
x
|
137
x
|
-14.5
x
|
-8.06
x
|
59.6
x
|
44.3
x
|
34.4
x
|
Yield
|
2.29%
|
2.79%
|
2.07%
|
3.05%
|
4%
|
1.84%
|
1.85%
|
1.87%
|
Capitalization / Revenue
|
2.68
x
|
2.29
x
|
3.29
x
|
2.15
x
|
1.8
x
|
2.02
x
|
1.99
x
|
1.94
x
|
EV / Revenue
|
3.41
x
|
3.03
x
|
4.21
x
|
2.99
x
|
2.62
x
|
2.8
x
|
2.71
x
|
2.57
x
|
EV / EBITDA
|
15.7
x
|
14.6
x
|
20.2
x
|
15.2
x
|
15.2
x
|
15.1
x
|
13.8
x
|
12.7
x
|
EV / FCF
|
37.9
x
|
29.5
x
|
47
x
|
-234
x
|
32.1
x
|
61.8
x
|
35.1
x
|
28.6
x
|
FCF Yield
|
2.64%
|
3.39%
|
2.13%
|
-0.43%
|
3.12%
|
1.62%
|
2.85%
|
3.5%
|
Price to Book
|
2.32
x
|
1.93
x
|
1.82
x
|
1.51
x
|
1.41
x
|
1.51
x
|
1.49
x
|
1.46
x
|
Nbr of stocks (in thousands)
|
106,776
|
106,933
|
254,547
|
254,962
|
255,279
|
255,319
|
-
|
-
|
Reference price
2 |
129.0
|
108.8
|
150.6
|
104.8
|
80.97
|
86.81
|
86.81
|
86.81
|
Announcement Date
|
12/02/20
|
10/02/21
|
09/02/22
|
08/02/23
|
20/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
5,140
|
5,084
|
11,656
|
12,440
|
11,479
|
10,988
|
11,155
|
11,412
|
EBITDA
1 |
1,116
|
1,055
|
2,425
|
2,455
|
1,980
|
2,039
|
2,188
|
2,314
|
EBIT
1 |
986.2
|
922.3
|
1,269
|
1,276
|
838
|
843.3
|
1,001
|
1,131
|
Operating Margin
|
19.19%
|
18.14%
|
10.89%
|
10.26%
|
7.3%
|
7.67%
|
8.97%
|
9.91%
|
Earnings before Tax (EBT)
1 |
557.5
|
441.4
|
354
|
-1,625
|
-2,518
|
502.7
|
683.8
|
920.9
|
Net income
1 |
455.9
|
363.2
|
270
|
-1,843
|
-2,567
|
335
|
503.9
|
647.1
|
Net margin
|
8.87%
|
7.14%
|
2.32%
|
-14.82%
|
-22.36%
|
3.05%
|
4.52%
|
5.67%
|
EPS
2 |
4.000
|
3.210
|
1.100
|
-7.210
|
-10.05
|
1.455
|
1.960
|
2.521
|
Free Cash Flow
1 |
463
|
522.3
|
1,044
|
-159
|
936
|
498.2
|
861.9
|
1,026
|
FCF margin
|
9.01%
|
10.27%
|
8.96%
|
-1.28%
|
8.15%
|
4.53%
|
7.73%
|
8.99%
|
FCF Conversion (EBITDA)
|
41.47%
|
49.51%
|
43.05%
|
-
|
47.27%
|
24.43%
|
39.39%
|
44.33%
|
FCF Conversion (Net income)
|
101.56%
|
143.8%
|
386.67%
|
-
|
-
|
148.7%
|
171.07%
|
158.54%
|
Dividend per Share
2 |
2.960
|
3.040
|
3.120
|
3.200
|
3.240
|
1.598
|
1.607
|
1.620
|
Announcement Date
|
12/02/20
|
10/02/21
|
09/02/22
|
08/02/23
|
20/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q3
|
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
|
---|
Net sales
1 |
3,071
|
3,031
|
3,226
|
3,307
|
3,063
|
2,844
|
3,027
|
2,929
|
2,820
|
2,703
|
2,779
|
2,769
|
2,784
|
2,694
|
2,815
|
EBITDA
1 |
648
|
529
|
702
|
700
|
612
|
441
|
503
|
510
|
506
|
461
|
492.1
|
514.7
|
531.8
|
497
|
548.4
|
EBIT
1 |
335
|
234
|
399
|
399
|
319
|
159
|
227
|
223
|
214
|
174
|
205.5
|
220.3
|
228.4
|
198.8
|
-
|
Operating Margin
|
10.91%
|
7.72%
|
12.37%
|
12.07%
|
10.41%
|
5.59%
|
7.5%
|
7.61%
|
7.59%
|
6.44%
|
7.39%
|
7.95%
|
8.2%
|
7.38%
|
-
|
Earnings before Tax (EBT)
1 |
250
|
114
|
285
|
130
|
-2,035
|
-5
|
14
|
50
|
59
|
-2,641
|
138.6
|
164.7
|
184.2
|
141.8
|
-
|
Net income
1 |
194
|
90
|
244
|
107
|
-2,197
|
3
|
-9
|
27
|
25
|
-2,610
|
44.18
|
76.47
|
108.6
|
63.71
|
91.92
|
Net margin
|
6.32%
|
2.97%
|
7.56%
|
3.24%
|
-71.73%
|
0.11%
|
-0.3%
|
0.92%
|
0.89%
|
-96.56%
|
1.59%
|
2.76%
|
3.9%
|
2.37%
|
3.27%
|
EPS
2 |
0.7600
|
0.3500
|
0.9600
|
0.4300
|
-8.600
|
0.0100
|
-0.0400
|
0.1100
|
0.1000
|
-10.21
|
0.2766
|
0.4348
|
0.4976
|
0.3247
|
0.3598
|
Dividend per Share
2 |
0.7900
|
0.7900
|
0.7900
|
0.7900
|
0.7900
|
0.8100
|
0.8100
|
0.8100
|
-
|
0.8100
|
0.4000
|
0.4000
|
0.4000
|
0.4000
|
0.4000
|
Announcement Date
|
08/11/21
|
09/02/22
|
09/05/22
|
08/08/22
|
07/11/22
|
08/02/23
|
08/05/23
|
07/08/23
|
06/11/23
|
20/02/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
3,758
|
3,764
|
10,685
|
10,477
|
9,367
|
8,636
|
8,048
|
7,158
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
3.367
x
|
3.568
x
|
4.406
x
|
4.268
x
|
4.731
x
|
4.235
x
|
3.678
x
|
3.093
x
|
Free Cash Flow
1 |
463
|
522
|
1,044
|
-159
|
936
|
498
|
862
|
1,026
|
ROE (net income / shareholders' equity)
|
11.4%
|
10.4%
|
10%
|
7.3%
|
5.28%
|
6.77%
|
7.74%
|
8.17%
|
ROA (Net income/ Total Assets)
|
5.33%
|
4.84%
|
5.16%
|
3.78%
|
2.57%
|
3.04%
|
3.34%
|
3.73%
|
Assets
1 |
8,546
|
7,510
|
5,234
|
-48,736
|
-100,062
|
11,039
|
15,090
|
17,359
|
Book Value Per Share
2 |
55.60
|
56.30
|
82.80
|
69.50
|
57.40
|
57.30
|
58.30
|
59.60
|
Cash Flow per Share
2 |
6.170
|
6.280
|
5.910
|
1.350
|
5.640
|
4.500
|
5.530
|
6.150
|
Capex
1 |
236
|
192
|
393
|
504
|
503
|
527
|
538
|
542
|
Capex / Sales
|
4.59%
|
3.77%
|
3.37%
|
4.05%
|
4.38%
|
4.79%
|
4.82%
|
4.75%
|
Announcement Date
|
12/02/20
|
10/02/21
|
09/02/22
|
08/02/23
|
20/02/24
|
-
|
-
|
-
|
Last Close Price
86.81
USD Average target price
89.28
USD Spread / Average Target +2.85% Consensus |
1st Jan change
|
Capi.
|
---|
| +6.76% | 22.16B | | +3.45% | 30.12B | | +10.44% | 11.8B | | +15.00% | 5.28B | | +16.44% | 4.38B | | -15.24% | 3.53B | | -0.61% | 3.26B | | +4.98% | 3.13B | | +28.84% | 2.89B | | -5.94% | 2.57B |
Food Ingredients
|