Market Closed -
London S.E.
15:33:29 22/05/2024 BST
|
After market
19:59:30
|
41.16
USD
|
-2.01%
|
|
44.08
|
+7.11%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
18,057
|
19,545
|
18,194
|
12,317
|
12,509
|
14,622
|
-
|
-
|
Enterprise Value (EV)
1 |
27,311
|
27,043
|
22,478
|
18,435
|
16,989
|
19,294
|
19,018
|
18,733
|
P/E ratio
|
15
x
|
40.8
x
|
10.5
x
|
8.45
x
|
44.1
x
|
20.5
x
|
15.7
x
|
13.8
x
|
Yield
|
4.37%
|
4.12%
|
4.26%
|
5.34%
|
5.12%
|
4.38%
|
4.41%
|
4.63%
|
Capitalization / Revenue
|
0.81
x
|
0.95
x
|
0.94
x
|
0.58
x
|
0.66
x
|
0.77
x
|
0.74
x
|
0.73
x
|
EV / Revenue
|
1.22
x
|
1.31
x
|
1.16
x
|
0.87
x
|
0.9
x
|
1.02
x
|
0.96
x
|
0.94
x
|
EV / EBITDA
|
7.29
x
|
9.56
x
|
8.29
x
|
6.46
x
|
7.61
x
|
8.68
x
|
7.45
x
|
7.1
x
|
EV / FCF
|
11.7
x
|
11.7
x
|
15.2
x
|
14.8
x
|
24.5
x
|
23.4
x
|
18.6
x
|
17.3
x
|
FCF Yield
|
8.55%
|
8.55%
|
6.59%
|
6.74%
|
4.07%
|
4.26%
|
5.37%
|
5.79%
|
Price to Book
|
2.38
x
|
2.5
x
|
2.03
x
|
1.43
x
|
1.5
x
|
1.77
x
|
1.75
x
|
1.62
x
|
Nbr of stocks (in thousands)
|
392,116
|
393,095
|
387,263
|
355,670
|
346,017
|
347,322
|
-
|
-
|
Reference price
2 |
46.05
|
49.72
|
46.98
|
34.63
|
36.15
|
42.10
|
42.10
|
42.10
|
Announcement Date
|
30/01/20
|
04/02/21
|
27/01/22
|
31/01/23
|
01/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
22,376
|
20,580
|
19,363
|
21,161
|
18,916
|
18,995
|
19,793
|
19,964
|
EBITDA
1 |
3,747
|
2,830
|
2,711
|
2,854
|
2,232
|
2,223
|
2,553
|
2,639
|
EBIT
1 |
2,441
|
1,543
|
1,501
|
1,814
|
1,222
|
1,169
|
1,529
|
1,634
|
Operating Margin
|
10.91%
|
7.5%
|
7.75%
|
8.57%
|
6.46%
|
6.16%
|
7.72%
|
8.18%
|
Earnings before Tax (EBT)
1 |
1,604
|
650
|
999
|
1,511
|
382
|
951.7
|
1,246
|
1,390
|
Net income
1 |
1,225
|
482
|
1,752
|
1,504
|
288
|
711.6
|
935.9
|
1,049
|
Net margin
|
5.47%
|
2.34%
|
9.05%
|
7.11%
|
1.52%
|
3.75%
|
4.73%
|
5.25%
|
EPS
2 |
3.070
|
1.220
|
4.470
|
4.100
|
0.8200
|
2.052
|
2.690
|
3.050
|
Free Cash Flow
1 |
2,334
|
2,312
|
1,481
|
1,243
|
692
|
822.8
|
1,020
|
1,085
|
FCF margin
|
10.43%
|
11.23%
|
7.65%
|
5.87%
|
3.66%
|
4.33%
|
5.16%
|
5.44%
|
FCF Conversion (EBITDA)
|
62.29%
|
81.7%
|
54.63%
|
43.55%
|
31%
|
37.01%
|
39.97%
|
41.11%
|
FCF Conversion (Net income)
|
190.53%
|
479.67%
|
84.53%
|
82.65%
|
240.28%
|
115.63%
|
109.04%
|
103.43%
|
Dividend per Share
2 |
2.013
|
2.050
|
2.000
|
1.850
|
1.850
|
1.846
|
1.855
|
1.950
|
Announcement Date
|
30/01/20
|
04/02/21
|
27/01/22
|
31/01/23
|
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 |
5,086
|
5,237
|
5,389
|
5,402
|
5,133
|
5,020
|
4,682
|
4,613
|
4,601
|
4,619
|
4,758
|
4,837
|
4,868
|
4,734
|
4,774
|
EBITDA
1 |
643
|
597
|
825
|
710
|
722
|
539
|
570
|
590
|
533
|
423
|
514.8
|
601.9
|
660.7
|
552.1
|
670.6
|
EBIT
1 |
366
|
336
|
558
|
449
|
471
|
298
|
326
|
332
|
266
|
145
|
257.2
|
344.1
|
402
|
288.6
|
407.1
|
Operating Margin
|
7.2%
|
6.42%
|
10.35%
|
8.31%
|
9.18%
|
5.94%
|
6.96%
|
7.2%
|
5.78%
|
3.14%
|
5.4%
|
7.11%
|
8.26%
|
6.1%
|
8.53%
|
Earnings before Tax (EBT)
1 |
44
|
362
|
514
|
313
|
322
|
221
|
255
|
232
|
-326
|
85
|
191.4
|
265.3
|
343.7
|
222.7
|
341.1
|
Net income
1 |
107
|
360
|
511
|
951
|
-318
|
172
|
235
|
165
|
-284
|
56
|
142.5
|
198.5
|
257.6
|
167
|
255.9
|
Net margin
|
2.1%
|
6.87%
|
9.48%
|
17.6%
|
-6.2%
|
3.43%
|
5.02%
|
3.58%
|
-6.17%
|
1.21%
|
3%
|
4.1%
|
5.29%
|
3.53%
|
5.36%
|
EPS
2 |
0.2800
|
0.9500
|
1.380
|
2.640
|
-0.9000
|
0.4900
|
0.6800
|
0.4700
|
-0.8200
|
0.1600
|
0.4067
|
0.5700
|
0.7400
|
0.4800
|
0.7400
|
Dividend per Share
2 |
0.4625
|
0.4625
|
0.4625
|
0.4625
|
0.4625
|
0.4625
|
0.4625
|
0.4625
|
0.4625
|
-
|
0.4600
|
0.4600
|
0.4600
|
-
|
-
|
Announcement Date
|
27/01/22
|
28/04/22
|
28/07/22
|
27/10/22
|
31/01/23
|
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 |
9,254
|
7,498
|
4,284
|
6,118
|
4,480
|
4,671
|
4,396
|
4,111
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.47
x
|
2.649
x
|
1.58
x
|
2.144
x
|
2.007
x
|
2.101
x
|
1.722
x
|
1.558
x
|
Free Cash Flow
1 |
2,334
|
2,312
|
1,481
|
1,243
|
692
|
823
|
1,020
|
1,085
|
ROE (net income / shareholders' equity)
|
23.5%
|
14.2%
|
14.8%
|
13.3%
|
8.96%
|
7.8%
|
10.1%
|
11%
|
ROA (Net income/ Total Assets)
|
5.27%
|
3.4%
|
4.41%
|
4.75%
|
3.2%
|
3.2%
|
4.1%
|
-
|
Assets
1 |
23,228
|
14,192
|
39,759
|
31,666
|
9,003
|
22,236
|
22,826
|
-
|
Book Value Per Share
2 |
19.30
|
19.80
|
23.10
|
24.30
|
24.10
|
23.70
|
24.10
|
26.00
|
Cash Flow per Share
2 |
9.050
|
7.740
|
5.170
|
5.920
|
5.250
|
5.170
|
5.530
|
5.670
|
Capex
1 |
1,276
|
751
|
549
|
931
|
1,141
|
912
|
977
|
1,030
|
Capex / Sales
|
5.7%
|
3.65%
|
2.84%
|
4.4%
|
6.03%
|
4.8%
|
4.94%
|
5.16%
|
Announcement Date
|
30/01/20
|
04/02/21
|
27/01/22
|
31/01/23
|
01/02/24
|
-
|
-
|
-
|
Last Close Price
42.1
USD Average target price
39.72
USD Spread / Average Target -5.66% Consensus |
1st Jan change
|
Capi.
|
---|
| +10.81% | 16.16B | | +27.75% | 13.67B | | +25.84% | 12.56B | | +7.35% | 11.62B | | -6.87% | 8.89B | | +11.52% | 8.53B | | -0.93% | 8.07B | | +22.49% | 6.61B | | +8.95% | 6.02B |
Other Paper Packaging
|