Projected Income Statement: Legrand

Forecast Balance Sheet: Legrand

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 2,524 2,319 2,006 3,006 4,223 4,630 4,497 3,813
Change - -8.12% -13.5% 49.85% 40.49% 9.65% -2.87% -15.21%
Announcement Date 10/02/22 09/02/23 15/02/24 13/02/25 12/02/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Legrand

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 170.5 177.6 253.3 239.6 248.7 274.4 290.2 304.8
Change - 4.16% 42.62% -5.41% 3.8% 10.34% 5.75% 5.04%
Free Cash Flow (FCF) 1 952.4 1,036 1,585 1,290 1,331 1,563 1,705 1,861
Change - 8.73% 53.05% -18.57% 3.12% 17.46% 9.05% 9.15%
Announcement Date 10/02/22 09/02/23 15/02/24 13/02/25 12/02/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Legrand

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 23.6% 22.29% 23.31% 23.67% 23.78% 23.69% 23.85% 23.95%
EBIT Margin (%) 20.5% 20.4% 21.03% 20.53% 20.7% 20.68% 20.87% 21.06%
EBT Margin (%) 17.97% 16.59% 18.41% 18.24% 17.84% 18.33% 18.88% 19.14%
Net margin (%) 12.93% 11.99% 13.65% 13.49% 13.13% 13.48% 13.74% 14.07%
FCF margin (%) 13.62% 12.42% 18.83% 14.92% 14.04% 14.5% 14.5% 14.69%
FCF / Net Income (%) 105.3% 103.6% 137.99% 110.64% 106.93% 107.53% 105.6% 104.41%

Profitability

        
ROA 6.72% 7.03% 8.76% 7.56% 7.39% 8.35% 8.93% 9.37%
ROE 17.05% 16.18% 19.17% 16.37% 16.79% 20.03% 19.67% 19.29%

Financial Health

        
Leverage (Debt/EBITDA) 1.53x 1.25x 1.02x 1.47x 1.87x 1.81x 1.6x 1.26x
Debt / Free cash flow 2.65x 2.24x 1.27x 2.33x 3.17x 2.96x 2.64x 2.05x

Capital Intensity

        
CAPEX / Current Assets (%) 2.44% 2.13% 3.01% 2.77% 2.62% 2.55% 2.47% 2.41%
CAPEX / EBITDA (%) 10.33% 9.55% 12.91% 11.7% 11.03% 10.75% 10.35% 10.05%
CAPEX / FCF (%) 17.9% 17.15% 15.98% 18.57% 18.69% 17.55% 17.02% 16.38%

Items per share

        
Cash flow per share 1 4.141 4.608 6.882 5.776 5.961 6.684 7.468 8.172
Change - 11.27% 49.35% -16.06% 3.19% 12.14% 11.73% 9.42%
Dividend per Share 1 1.42 1.65 1.9 2.09 2.2 2.706 2.974 3.237
Change - 16.2% 15.15% 10% 5.26% 23.02% 9.9% 8.82%
Book Value Per Share 1 21.37 24.88 25.19 28.56 - 31.23 34.34 38.03
Change - 16.38% 1.28% 13.35% - - 9.95% 10.74%
EPS 1 3.366 3.726 4.304 4.423 4.705 5.489 6.089 6.635
Change - 10.7% 15.51% 2.76% 6.38% 16.66% 10.92% 8.98%
Nbr of stocks (in thousands) 266,749 266,669 262,133 262,145 261,662 261,395 261,395 261,395
Announcement Date 10/02/22 09/02/23 15/02/24 13/02/25 12/02/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 26.4x 23.8x
PBR 4.64x 4.22x
EV / Sales 3.94x 3.61x
Yield 1.87% 2.05%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
144.95EUR
Average target price
158.53EUR
Spread / Average Target
+9.37%

Quarterly revenue - Rate of surprise