Market Closed -
Xetra
16:35:12 26/04/2024 BST
|
5-day change
|
1st Jan Change
|
43.81
EUR
|
-0.75%
|
|
-7.04%
|
+13.29%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
7,257
|
9,327
|
12,647
|
3,510
|
5,071
|
5,745
|
-
|
-
|
Enterprise Value (EV)
1 |
9,224
|
10,636
|
13,215
|
5,724
|
6,281
|
6,689
|
6,368
|
5,904
|
P/E ratio
|
15.9
x
|
39.3
x
|
22.3
x
|
35.7
x
|
16.6
x
|
13.9
x
|
10.6
x
|
8.95
x
|
Yield
|
2.11%
|
0.58%
|
1.55%
|
0.71%
|
1.81%
|
2.3%
|
2.98%
|
3.54%
|
Capitalization / Revenue
|
0.82
x
|
1.12
x
|
1.23
x
|
0.32
x
|
0.44
x
|
0.5
x
|
0.48
x
|
0.45
x
|
EV / Revenue
|
1.05
x
|
1.28
x
|
1.28
x
|
0.51
x
|
0.55
x
|
0.58
x
|
0.53
x
|
0.46
x
|
EV / EBITDA
|
5.56
x
|
7.69
x
|
7.79
x
|
4.7
x
|
3.59
x
|
3.61
x
|
3.16
x
|
2.69
x
|
EV / FCF
|
16.5
x
|
43.7
x
|
24.1
x
|
-8
x
|
8.78
x
|
12.5
x
|
9.46
x
|
7.95
x
|
FCF Yield
|
6.06%
|
2.29%
|
4.15%
|
-12.5%
|
11.4%
|
8%
|
10.6%
|
12.6%
|
Price to Book
|
2.02
x
|
1.98
x
|
2.44
x
|
0.63
x
|
0.88
x
|
0.93
x
|
0.87
x
|
0.81
x
|
Nbr of stocks (in thousands)
|
117,878
|
131,075
|
131,086
|
131,102
|
131,125
|
131,125
|
-
|
-
|
Reference price
2 |
61.56
|
71.16
|
96.48
|
26.77
|
38.67
|
43.81
|
43.81
|
43.81
|
Announcement Date
|
03/03/20
|
02/03/21
|
03/03/22
|
02/03/23
|
29/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
8,806
|
8,342
|
10,294
|
11,136
|
11,434
|
11,470
|
12,060
|
12,803
|
EBITDA
1 |
1,658
|
1,384
|
1,697
|
1,219
|
1,749
|
1,853
|
2,016
|
2,191
|
EBIT
1 |
850.5
|
546.9
|
841.8
|
292.4
|
790.5
|
882
|
1,053
|
1,175
|
Operating Margin
|
9.66%
|
6.56%
|
8.18%
|
2.63%
|
6.91%
|
7.69%
|
8.73%
|
9.17%
|
Earnings before Tax (EBT)
1 |
621.6
|
301.6
|
759.7
|
138
|
459.8
|
617.1
|
790.5
|
932.2
|
Net income
1 |
454.8
|
215.3
|
568.3
|
105.8
|
305.8
|
416.7
|
541.8
|
638.9
|
Net margin
|
5.16%
|
2.58%
|
5.52%
|
0.95%
|
2.67%
|
3.63%
|
4.49%
|
4.99%
|
EPS
2 |
3.860
|
1.810
|
4.330
|
0.7500
|
2.330
|
3.145
|
4.122
|
4.898
|
Free Cash Flow
1 |
558.9
|
243.3
|
547.9
|
-715.6
|
715.2
|
535.4
|
673.6
|
742.3
|
FCF margin
|
6.35%
|
2.92%
|
5.32%
|
-6.43%
|
6.26%
|
4.67%
|
5.59%
|
5.8%
|
FCF Conversion (EBITDA)
|
33.72%
|
17.59%
|
32.29%
|
-
|
40.9%
|
28.89%
|
33.41%
|
33.88%
|
FCF Conversion (Net income)
|
122.89%
|
113.01%
|
96.41%
|
-
|
233.88%
|
128.48%
|
124.31%
|
116.19%
|
Dividend per Share
2 |
1.300
|
0.4100
|
1.500
|
0.1900
|
0.7000
|
1.008
|
1.308
|
1.550
|
Announcement Date
|
03/03/20
|
02/03/21
|
03/03/22
|
02/03/23
|
29/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 S1
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
3,927
|
4,968
|
2,761
|
2,734
|
2,802
|
5,537
|
2,706
|
2,892
|
2,781
|
2,836
|
5,617
|
2,730
|
3,086
|
2,859
|
2,898
|
2,802
|
3,054
|
-
|
-
|
EBITDA
1 |
-
|
-
|
375.5
|
391
|
368.2
|
-
|
134.6
|
324.9
|
389.6
|
436.5
|
-
|
462.9
|
459.7
|
474.3
|
469.9
|
460.1
|
505.9
|
-
|
-
|
EBIT
1 |
204.8
|
462.2
|
150.7
|
170.3
|
141.4
|
311.7
|
-101.1
|
81.8
|
156
|
192.3
|
348.3
|
223.6
|
218.6
|
226.7
|
212.4
|
201.4
|
229.1
|
-
|
-
|
Operating Margin
|
5.21%
|
9.3%
|
5.46%
|
6.23%
|
5.05%
|
5.63%
|
-3.74%
|
2.83%
|
5.61%
|
6.78%
|
6.2%
|
8.19%
|
7.08%
|
7.93%
|
7.33%
|
7.19%
|
7.5%
|
-
|
-
|
Earnings before Tax (EBT)
|
90.8
|
395.6
|
160.9
|
115
|
109.4
|
224.5
|
-133.2
|
46.7
|
93.7
|
123.9
|
217.6
|
141.6
|
100.6
|
169.7
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
53.9
|
290.1
|
141.5
|
79.5
|
78.9
|
158.4
|
-95.2
|
42.6
|
72.1
|
71.2
|
143.3
|
79.9
|
82.7
|
108.8
|
97.34
|
94.36
|
119.4
|
-
|
-
|
Net margin
|
1.37%
|
5.84%
|
5.13%
|
2.91%
|
2.82%
|
2.86%
|
-3.52%
|
1.47%
|
2.59%
|
2.51%
|
2.55%
|
2.93%
|
2.68%
|
3.81%
|
3.36%
|
3.37%
|
3.91%
|
-
|
-
|
EPS
2 |
-
|
-
|
1.070
|
0.6100
|
0.6000
|
-
|
-0.7300
|
0.2700
|
0.5500
|
0.5400
|
-
|
0.6100
|
0.6300
|
0.8300
|
0.7419
|
0.7192
|
0.9098
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
1.500
|
-
|
-
|
-
|
-
|
0.1900
|
-
|
-
|
0.5100
|
-
|
1.000
|
-
|
-
|
-
|
1.300
|
Announcement Date
|
30/07/20
|
29/07/21
|
03/03/22
|
28/04/22
|
28/07/22
|
28/07/22
|
27/10/22
|
02/03/23
|
27/04/23
|
27/07/23
|
27/07/23
|
26/10/23
|
29/02/24
|
25/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
1,967
|
1,308
|
568
|
2,215
|
1,211
|
944
|
624
|
160
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.187
x
|
0.9457
x
|
0.3345
x
|
1.817
x
|
0.6923
x
|
0.5094
x
|
0.3095
x
|
0.0729
x
|
Free Cash Flow
1 |
559
|
243
|
548
|
-716
|
715
|
535
|
674
|
742
|
ROE (net income / shareholders' equity)
|
13.2%
|
5.48%
|
12%
|
1.96%
|
6.94%
|
7.8%
|
9.36%
|
10.1%
|
ROA (Net income/ Total Assets)
|
3.4%
|
1.55%
|
3.8%
|
1.05%
|
2.32%
|
2.36%
|
2.85%
|
3.77%
|
Assets
1 |
13,367
|
13,910
|
14,953
|
10,052
|
13,169
|
17,695
|
19,014
|
16,934
|
Book Value Per Share
2 |
30.50
|
36.00
|
39.50
|
42.80
|
44.00
|
47.20
|
50.20
|
53.90
|
Cash Flow per Share
2 |
7.180
|
4.430
|
6.730
|
-2.640
|
8.730
|
5.840
|
7.670
|
6.490
|
Capex
1 |
287
|
284
|
334
|
383
|
443
|
504
|
470
|
495
|
Capex / Sales
|
3.26%
|
3.4%
|
3.24%
|
3.44%
|
3.87%
|
4.4%
|
3.9%
|
3.86%
|
Announcement Date
|
03/03/20
|
02/03/21
|
03/03/22
|
02/03/23
|
29/02/24
|
-
|
-
|
-
|
Last Close Price
43.81
EUR Average target price
53.35
EUR Spread / Average Target +21.77% Consensus |
1st Jan change
|
Capi.
|
---|
| +13.29% | 6.13B | | +14.65% | 58.67B | | +26.10% | 36.8B | | +26.70% | 28.74B | | +15.62% | 25.64B | | +11.71% | 23.31B | | +1.34% | 21.74B | | +15.97% | 18.38B | | -6.32% | 14.21B | | +18.96% | 12.04B |
Other Heavy Machinery & Vehicles
|