Real-time Estimate
Tradegate
17:36:13 27/06/2024 BST
|
5-day change
|
1st Jan Change
|
18.46
EUR
|
+62.24%
|
|
0.00%
|
0.00%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
9,216
|
8,685
|
12,632
|
12,682
|
14,479
|
11,909
|
-
|
-
|
Enterprise Value (EV)
1 |
11,403
|
10,437
|
13,952
|
14,042
|
16,576
|
14,300
|
14,200
|
14,180
|
P/E ratio
|
23.7
x
|
27.6
x
|
27.2
x
|
21.5
x
|
19.2
x
|
16.4
x
|
14.4
x
|
13.2
x
|
Yield
|
2.35%
|
2.08%
|
3.91%
|
-
|
2.84%
|
3.42%
|
3.96%
|
4.21%
|
Capitalization / Revenue
|
0.49
x
|
0.45
x
|
0.6
x
|
0.5
x
|
0.47
x
|
0.35
x
|
0.33
x
|
0.31
x
|
EV / Revenue
|
0.61
x
|
0.54
x
|
0.67
x
|
0.55
x
|
0.54
x
|
0.42
x
|
0.39
x
|
0.37
x
|
EV / EBITDA
|
7.94
x
|
7.33
x
|
8.8
x
|
7.57
x
|
7.65
x
|
6.17
x
|
5.65
x
|
5.24
x
|
EV / FCF
|
12.4
x
|
11.2
x
|
11.9
x
|
-
|
48
x
|
25.2
x
|
20.8
x
|
16.2
x
|
FCF Yield
|
8.04%
|
8.96%
|
8.4%
|
-
|
2.08%
|
3.97%
|
4.81%
|
6.17%
|
Price to Book
|
4.67
x
|
4.33
x
|
5.54
x
|
-
|
5.15
x
|
3.71
x
|
3.29
x
|
3.05
x
|
Nbr of stocks (in thousands)
|
628,434
|
628,434
|
628,434
|
628,434
|
628,434
|
628,434
|
-
|
-
|
Reference price
2 |
14.66
|
13.82
|
20.10
|
20.18
|
23.04
|
18.95
|
18.95
|
18.95
|
Announcement Date
|
20/02/20
|
03/03/21
|
09/03/22
|
22/03/23
|
06/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
18,638
|
19,293
|
20,889
|
25,385
|
30,608
|
34,065
|
36,363
|
38,727
|
EBITDA
1 |
1,437
|
1,423
|
1,585
|
1,854
|
2,168
|
2,317
|
2,512
|
2,705
|
EBIT
1 |
722
|
689
|
840
|
1,071
|
1,266
|
1,269
|
1,398
|
1,517
|
Operating Margin
|
3.87%
|
3.57%
|
4.02%
|
4.22%
|
4.14%
|
3.72%
|
3.85%
|
3.92%
|
Earnings before Tax (EBT)
1 |
549
|
459
|
652
|
814
|
1,012
|
988.7
|
1,155
|
1,227
|
Net income
1 |
390
|
312
|
463
|
590
|
756
|
723.1
|
822.3
|
901.2
|
Net margin
|
2.09%
|
1.62%
|
2.22%
|
2.32%
|
2.47%
|
2.12%
|
2.26%
|
2.33%
|
EPS
2 |
0.6200
|
0.5000
|
0.7400
|
0.9400
|
1.200
|
1.154
|
1.316
|
1.434
|
Free Cash Flow
1 |
916.6
|
935.2
|
1,172
|
-
|
345
|
568.3
|
683
|
874.8
|
FCF margin
|
4.92%
|
4.85%
|
5.61%
|
-
|
1.13%
|
1.67%
|
1.88%
|
2.26%
|
FCF Conversion (EBITDA)
|
63.78%
|
65.72%
|
73.94%
|
-
|
15.91%
|
24.53%
|
27.19%
|
32.34%
|
FCF Conversion (Net income)
|
235.02%
|
299.73%
|
253.13%
|
-
|
45.63%
|
78.59%
|
83.06%
|
97.07%
|
Dividend per Share
2 |
0.3450
|
0.2880
|
0.7850
|
-
|
0.6550
|
0.6473
|
0.7500
|
0.7979
|
Announcement Date
|
20/02/20
|
03/03/21
|
09/03/22
|
22/03/23
|
06/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2021 S1
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
9,730
|
9,902
|
5,683
|
5,513
|
6,370
|
11,883
|
6,509
|
6,992
|
6,804
|
7,709
|
14,513
|
7,938
|
8,157
|
16,095
|
8,066
|
8,564
|
16,484
|
8,800
|
9,014
|
17,462
|
-
|
-
|
EBITDA
1 |
770
|
715
|
441
|
265
|
479
|
851
|
496
|
506
|
446
|
559
|
1,005
|
586
|
578
|
1,163
|
508
|
566.1
|
1,019
|
631.9
|
648.9
|
1,272
|
-
|
-
|
EBIT
1 |
446
|
343
|
252
|
182
|
284
|
466
|
301
|
305
|
239
|
337
|
-
|
355
|
335
|
690
|
258
|
314.2
|
525
|
372.7
|
375
|
732
|
-
|
-
|
Operating Margin
|
4.58%
|
3.46%
|
4.43%
|
3.3%
|
4.46%
|
3.92%
|
4.62%
|
4.36%
|
3.51%
|
4.37%
|
-
|
4.47%
|
4.11%
|
4.29%
|
3.2%
|
3.67%
|
3.18%
|
4.23%
|
4.16%
|
4.19%
|
-
|
-
|
Earnings before Tax (EBT)
|
292
|
264
|
191
|
124
|
232
|
356
|
220
|
238
|
192
|
288
|
480
|
272
|
259
|
-
|
148
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
209
|
186
|
139
|
88
|
173
|
261
|
157
|
171
|
140
|
217
|
356
|
202
|
198
|
-
|
97
|
202
|
-
|
230.8
|
233
|
-
|
-
|
-
|
Net margin
|
2.15%
|
1.88%
|
2.45%
|
1.6%
|
2.72%
|
2.2%
|
2.41%
|
2.45%
|
2.06%
|
2.81%
|
2.45%
|
2.54%
|
2.43%
|
-
|
1.2%
|
2.36%
|
-
|
2.62%
|
2.58%
|
-
|
-
|
-
|
EPS
2 |
0.3300
|
-
|
0.2200
|
0.1400
|
0.2800
|
-
|
0.2500
|
0.2700
|
0.2200
|
0.3400
|
-
|
0.3200
|
0.3200
|
-
|
0.1500
|
0.3214
|
-
|
0.3672
|
0.3707
|
-
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
0.7850
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.6550
|
-
|
-
|
-
|
-
|
-
|
0.6907
|
-
|
-
|
-
|
Announcement Date
|
20/02/20
|
28/07/21
|
09/03/22
|
28/04/22
|
26/07/22
|
26/07/22
|
26/10/22
|
22/03/23
|
26/04/23
|
26/07/23
|
26/07/23
|
25/10/23
|
06/03/24
|
06/03/24
|
26/04/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
2,187
|
1,752
|
1,320
|
1,360
|
2,097
|
2,392
|
2,291
|
2,271
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.522
x
|
1.231
x
|
0.8328
x
|
0.7335
x
|
0.9673
x
|
1.032
x
|
0.9122
x
|
0.8395
x
|
Free Cash Flow
1 |
917
|
935
|
1,172
|
-
|
345
|
568
|
683
|
875
|
ROE (net income / shareholders' equity)
|
20.8%
|
15.7%
|
21.6%
|
-
|
29.4%
|
25.2%
|
25.1%
|
25.3%
|
ROA (Net income/ Total Assets)
|
4.75%
|
3.43%
|
4.68%
|
-
|
5.78%
|
4.53%
|
4.8%
|
5.04%
|
Assets
1 |
8,211
|
9,092
|
9,898
|
-
|
13,071
|
15,958
|
17,123
|
17,869
|
Book Value Per Share
2 |
3.140
|
3.200
|
3.620
|
-
|
4.480
|
5.110
|
5.750
|
6.210
|
Cash Flow per Share
2 |
2.320
|
2.000
|
2.470
|
-
|
3.350
|
2.790
|
2.810
|
3.110
|
Capex
1 |
576
|
514
|
584
|
-
|
1,209
|
1,169
|
1,132
|
1,155
|
Capex / Sales
|
3.09%
|
2.66%
|
2.8%
|
-
|
3.95%
|
3.43%
|
3.11%
|
2.98%
|
Announcement Date
|
20/02/20
|
03/03/21
|
09/03/22
|
22/03/23
|
06/03/24
|
-
|
-
|
-
|
Last Close Price
18.95
EUR Average target price
23.59
EUR Spread / Average Target +24.49% Consensus |
1st Jan change
|
Capi.
|
---|
| +20.02% | 37.38B | | -11.96% | 34.11B | | +5.09% | 32.01B | | -6.31% | 16.78B | | +6.77% | 15.25B | | +38.00% | 14.17B | | -.--% | 11.82B | | -12.83% | 10.1B | | -19.23% | 9.82B |
Supermarkets & Convenience Stores
|