Real-time Estimate
Tradegate
15:00:01 03/07/2024 BST
|
5-day change
|
1st Jan Change
|
84.25
EUR
|
+1.51%
|
|
-6.18%
|
-7.73%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Capitalization
1 |
3,568
|
3,613
|
4,878
|
2,910
|
3,166
|
2,887
|
-
|
Enterprise Value (EV)
1 |
4,227
|
4,090
|
5,474
|
3,814
|
3,329
|
2,887
|
2,887
|
P/E ratio
|
28
x
|
33.6
x
|
41.6
x
|
22.4
x
|
5.49
x
|
19.7
x
|
16.9
x
|
Yield
|
0.36%
|
0.35%
|
0.26%
|
0.44%
|
0.4%
|
0.44%
|
0.44%
|
Capitalization / Revenue
|
1.83
x
|
2.09
x
|
2.61
x
|
1.34
x
|
1.9
x
|
1.67
x
|
1.59
x
|
EV / Revenue
|
1.83
x
|
2.09
x
|
2.61
x
|
1.34
x
|
1.9
x
|
1.67
x
|
1.59
x
|
EV / EBITDA
|
12.2
x
|
13.9
x
|
19.4
x
|
10.4
x
|
11.6
x
|
9.55
x
|
9.16
x
|
EV / FCF
|
49,343,835
x
|
16,596,254
x
|
28,428,404
x
|
53,192,475
x
|
-
|
-
|
-
|
FCF Yield
|
0%
|
0%
|
0%
|
0%
|
-
|
-
|
-
|
Price to Book
|
6.26
x
|
5.67
x
|
6.55
x
|
3.39
x
|
2.12
x
|
-
|
-
|
Nbr of stocks (in thousands)
|
31,667
|
31,729
|
31,768
|
31,858
|
31,839
|
31,840
|
-
|
Reference price
2 |
112.7
|
113.9
|
153.6
|
91.33
|
99.45
|
90.68
|
90.68
|
Announcement Date
|
19/02/20
|
22/02/21
|
22/02/22
|
21/02/23
|
20/02/24
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net sales
1 |
1,946
|
1,728
|
1,868
|
2,166
|
1,664
|
1,732
|
1,820
|
EBITDA
1 |
292
|
259.5
|
251.9
|
279.7
|
273.1
|
302.5
|
315.2
|
EBIT
1 |
226.4
|
187.7
|
175.1
|
168.4
|
164.7
|
216.5
|
228.9
|
Operating Margin
|
11.64%
|
10.86%
|
9.37%
|
7.77%
|
9.9%
|
12.49%
|
12.58%
|
Earnings before Tax (EBT)
1 |
166.9
|
145.5
|
152.7
|
154.2
|
153.1
|
184.2
|
216.9
|
Net income
1 |
129
|
108.8
|
118.4
|
130.7
|
582.6
|
150
|
168.1
|
Net margin
|
6.63%
|
6.3%
|
6.34%
|
6.03%
|
35%
|
8.66%
|
9.24%
|
EPS
2 |
4.020
|
3.390
|
3.690
|
4.070
|
18.13
|
4.600
|
5.353
|
Free Cash Flow
|
72.3
|
217.7
|
171.6
|
54.7
|
-
|
-
|
-
|
FCF margin
|
3.72%
|
12.6%
|
9.18%
|
2.53%
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
24.76%
|
83.89%
|
68.12%
|
19.56%
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
56.05%
|
200.09%
|
144.93%
|
41.85%
|
-
|
-
|
-
|
Dividend per Share
2 |
0.4000
|
0.4000
|
0.4000
|
0.4000
|
0.4000
|
0.4000
|
0.4000
|
Announcement Date
|
19/02/20
|
22/02/21
|
22/02/22
|
21/02/23
|
20/02/24
|
-
|
-
|
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 |
497.6
|
469.2
|
542.3
|
555.4
|
599
|
529.5
|
427.7
|
403.6
|
444.6
|
392.3
|
432.9
|
430
|
477.2
|
409.2
|
455.7
|
EBITDA
1 |
58.1
|
53.8
|
65.3
|
74.7
|
85.6
|
70.1
|
71.4
|
66.3
|
81
|
57.4
|
72.88
|
77.9
|
95.02
|
-
|
-
|
EBIT
1 |
37.9
|
33.9
|
42.2
|
54.6
|
49.7
|
40
|
43.4
|
36
|
55.1
|
35.3
|
51.31
|
56.34
|
73.46
|
-
|
-
|
Operating Margin
|
7.62%
|
7.23%
|
7.78%
|
9.83%
|
8.3%
|
7.55%
|
10.15%
|
8.92%
|
12.39%
|
9%
|
11.85%
|
13.1%
|
15.39%
|
-
|
-
|
Earnings before Tax (EBT)
1 |
33.5
|
28.5
|
39.7
|
42.2
|
43.8
|
32.6
|
36.1
|
34.9
|
58.6
|
30.9
|
37.3
|
48.9
|
67.1
|
-
|
-
|
Net income
1 |
31.6
|
25.6
|
33.4
|
34.2
|
37.5
|
25.6
|
27.7
|
30.5
|
81.1
|
22.8
|
37.4
|
37.9
|
52
|
-
|
-
|
Net margin
|
6.35%
|
5.46%
|
6.16%
|
6.16%
|
6.26%
|
4.83%
|
6.48%
|
7.56%
|
18.24%
|
5.81%
|
8.64%
|
8.81%
|
10.9%
|
-
|
-
|
EPS
2 |
0.9900
|
0.8000
|
1.040
|
1.070
|
1.170
|
0.8000
|
0.8700
|
0.9500
|
2.520
|
0.7100
|
1.203
|
1.137
|
1.560
|
0.9900
|
1.440
|
Dividend per Share
|
0.1000
|
0.1000
|
0.1000
|
0.1000
|
0.1000
|
0.1000
|
0.1000
|
-
|
0.1000
|
0.1000
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
22/02/22
|
26/04/22
|
27/07/22
|
26/10/22
|
21/02/23
|
25/04/23
|
01/08/23
|
24/10/23
|
20/02/24
|
01/05/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net Debt
|
660
|
477
|
596
|
904
|
163
|
-
|
-
|
Net Cash position
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.259
x
|
1.84
x
|
2.364
x
|
3.233
x
|
0.5972
x
|
-
|
-
|
Free Cash Flow
|
72.3
|
218
|
172
|
54.7
|
-
|
-
|
-
|
ROE (net income / shareholders' equity)
|
25.1%
|
18%
|
17.1%
|
16.2%
|
-
|
10.7%
|
-
|
ROA (Net income/ Total Assets)
|
7.68%
|
5.84%
|
6%
|
5.53%
|
10.1%
|
-
|
-
|
Assets
1 |
1,679
|
1,863
|
1,974
|
2,363
|
5,779
|
-
|
-
|
Book Value Per Share
|
18.00
|
20.10
|
23.50
|
27.00
|
46.80
|
-
|
-
|
Cash Flow per Share
2 |
3.440
|
7.850
|
7.030
|
4.450
|
2.310
|
6.460
|
6.790
|
Capex
|
37.9
|
34.3
|
54.1
|
87.6
|
55.1
|
-
|
-
|
Capex / Sales
|
1.95%
|
1.99%
|
2.9%
|
4.04%
|
3.31%
|
-
|
-
|
Announcement Date
|
19/02/20
|
22/02/21
|
22/02/22
|
21/02/23
|
20/02/24
|
-
|
-
|
Last Close Price
90.68
USD Average target price
110.3
USD Spread / Average Target +21.67% Consensus |
1st Jan change
|
Capi.
|
---|
| -32.13% | 4.16B | | +30.73% | 1.9B | | -28.08% | 489M | | +11.91% | 300M | | -17.94% | 293M | | -25.50% | 270M | | +4.58% | 246M | | -36.90% | 197M |
Commercial Equipment
|