Real-time Estimate
Tradegate
15:31:18 23/05/2024 BST
|
5-day change
|
1st Jan Change
|
453.9
EUR
|
-0.57%
|
|
-0.35%
|
+13.56%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
9,401
|
10,490
|
11,870
|
8,478
|
15,905
|
17,757
|
-
|
-
|
Enterprise Value (EV)
1 |
10,532
|
11,342
|
13,072
|
9,950
|
17,149
|
18,713
|
18,346
|
17,940
|
P/E ratio
|
23.5
x
|
29.6
x
|
26.2
x
|
17.2
x
|
27.1
x
|
25
x
|
22
x
|
19.6
x
|
Yield
|
1.21%
|
1.12%
|
1.09%
|
1.71%
|
-
|
0.91%
|
0.91%
|
0.93%
|
Capitalization / Revenue
|
2.49
x
|
2.89
x
|
2.83
x
|
1.8
x
|
3.19
x
|
3.47
x
|
3.2
x
|
3.01
x
|
EV / Revenue
|
2.79
x
|
3.12
x
|
3.12
x
|
2.11
x
|
3.44
x
|
3.65
x
|
3.31
x
|
3.04
x
|
EV / EBITDA
|
15.5
x
|
19.6
x
|
19.3
x
|
13.4
x
|
18.2
x
|
18.1
x
|
16
x
|
14.3
x
|
EV / FCF
|
36.3
x
|
21.2
x
|
32
x
|
49.5
x
|
35.1
x
|
33.8
x
|
26
x
|
21.3
x
|
FCF Yield
|
2.76%
|
4.71%
|
3.13%
|
2.02%
|
2.85%
|
2.96%
|
3.85%
|
4.69%
|
Price to Book
|
-55.3
x
|
-614
x
|
-44.2
x
|
-41.8
x
|
55.8
x
|
22.7
x
|
15
x
|
8.89
x
|
Nbr of stocks (in thousands)
|
38,532
|
38,289
|
36,597
|
35,439
|
35,540
|
35,624
|
-
|
-
|
Reference price
2 |
244.0
|
274.0
|
324.4
|
239.2
|
447.5
|
498.4
|
498.4
|
498.4
|
Announcement Date
|
04/02/20
|
02/02/21
|
01/02/22
|
31/01/23
|
31/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,773
|
3,634
|
4,194
|
4,718
|
4,982
|
5,121
|
5,541
|
5,903
|
EBITDA
1 |
681
|
579.3
|
676.3
|
743.7
|
943.1
|
1,035
|
1,150
|
1,255
|
EBIT
1 |
609.9
|
506.7
|
603.9
|
665.8
|
857.1
|
943.2
|
1,054
|
1,157
|
Operating Margin
|
16.17%
|
13.94%
|
14.4%
|
14.11%
|
17.2%
|
18.42%
|
19.02%
|
19.6%
|
Earnings before Tax (EBT)
1 |
507.9
|
445.2
|
560.1
|
615.8
|
737.5
|
891.4
|
1,008
|
1,121
|
Net income
1 |
408.8
|
357.1
|
464
|
497.1
|
590.1
|
712.8
|
805
|
896.5
|
Net margin
|
10.84%
|
9.83%
|
11.06%
|
10.54%
|
11.84%
|
13.92%
|
14.53%
|
15.19%
|
EPS
2 |
10.38
|
9.260
|
12.39
|
13.88
|
16.54
|
19.93
|
22.61
|
25.44
|
Free Cash Flow
1 |
290.5
|
533.9
|
408.7
|
201.2
|
488.1
|
553.8
|
706.3
|
840.8
|
FCF margin
|
7.7%
|
14.69%
|
9.74%
|
4.26%
|
9.8%
|
10.82%
|
12.75%
|
14.24%
|
FCF Conversion (EBITDA)
|
42.66%
|
92.16%
|
60.43%
|
27.05%
|
51.75%
|
53.51%
|
61.43%
|
67%
|
FCF Conversion (Net income)
|
71.06%
|
149.51%
|
88.08%
|
40.47%
|
82.71%
|
77.69%
|
87.73%
|
93.79%
|
Dividend per Share
2 |
2.950
|
3.080
|
3.530
|
4.100
|
-
|
4.548
|
4.533
|
4.637
|
Announcement Date
|
04/02/20
|
02/02/21
|
01/02/22
|
31/01/23
|
31/01/24
|
-
|
-
|
-
|
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 |
964.8
|
1,013
|
1,366
|
1,245
|
1,094
|
1,049
|
1,411
|
1,366
|
1,155
|
1,047
|
1,465
|
1,410
|
1,200
|
1,142
|
1,607
|
EBITDA
1 |
121
|
133.4
|
248.8
|
207.7
|
153.9
|
159.1
|
304
|
276.8
|
200.8
|
190.8
|
325.4
|
298.4
|
222.3
|
222.7
|
377.5
|
EBIT
1 |
101.9
|
114.6
|
229.8
|
189.3
|
132.2
|
139.5
|
283.1
|
255.3
|
176.8
|
166.8
|
303.4
|
275.1
|
198.6
|
192.6
|
346.4
|
Operating Margin
|
10.56%
|
11.31%
|
16.82%
|
15.21%
|
12.09%
|
13.29%
|
20.06%
|
18.69%
|
15.31%
|
15.93%
|
20.71%
|
19.51%
|
16.55%
|
16.86%
|
21.56%
|
Earnings before Tax (EBT)
1 |
90.2
|
104.4
|
217.3
|
174.6
|
119.5
|
125.1
|
263.7
|
175.2
|
173.4
|
154.2
|
291
|
261.7
|
186.3
|
189.3
|
344.8
|
Net income
1 |
83.5
|
83.6
|
177.2
|
141.9
|
94.4
|
98
|
217.2
|
130.4
|
144.5
|
124.3
|
232.9
|
209.1
|
147.7
|
150.7
|
274.7
|
Net margin
|
8.65%
|
8.25%
|
12.97%
|
11.4%
|
8.63%
|
9.34%
|
15.39%
|
9.54%
|
12.51%
|
11.87%
|
15.9%
|
14.83%
|
12.31%
|
13.19%
|
17.1%
|
EPS
2 |
2.270
|
2.290
|
4.960
|
3.990
|
2.650
|
2.750
|
6.100
|
3.650
|
4.040
|
3.470
|
6.508
|
5.840
|
4.136
|
4.207
|
7.685
|
Dividend per Share
2 |
0.9200
|
0.9200
|
1.060
|
1.060
|
1.060
|
1.060
|
1.100
|
-
|
-
|
-
|
1.150
|
1.150
|
1.150
|
1.098
|
1.156
|
Announcement Date
|
01/02/22
|
25/04/22
|
28/07/22
|
27/10/22
|
31/01/23
|
27/04/23
|
27/07/23
|
26/10/23
|
31/01/24
|
24/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
1,131
|
852
|
1,201
|
1,472
|
1,245
|
956
|
589
|
183
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.661
x
|
1.47
x
|
1.776
x
|
1.98
x
|
1.32
x
|
0.9241
x
|
0.5126
x
|
0.1459
x
|
Free Cash Flow
1 |
291
|
534
|
409
|
201
|
488
|
554
|
706
|
841
|
ROE (net income / shareholders' equity)
|
-
|
-
|
-
|
-
|
1,436%
|
116%
|
73.8%
|
57.3%
|
ROA (Net income/ Total Assets)
|
21.2%
|
17.6%
|
22.1%
|
21.3%
|
22%
|
22.9%
|
23%
|
22.2%
|
Assets
1 |
1,926
|
2,034
|
2,102
|
2,339
|
2,683
|
3,119
|
3,506
|
4,043
|
Book Value Per Share
2 |
-4.410
|
-0.4500
|
-7.340
|
-5.730
|
8.020
|
21.90
|
33.10
|
56.10
|
Cash Flow per Share
2 |
10.10
|
15.90
|
13.70
|
8.440
|
20.60
|
20.30
|
27.80
|
32.00
|
Capex
1 |
106
|
78.5
|
107
|
101
|
250
|
175
|
129
|
122
|
Capex / Sales
|
2.8%
|
2.16%
|
2.55%
|
2.14%
|
5.02%
|
3.43%
|
2.33%
|
2.07%
|
Announcement Date
|
04/02/20
|
02/02/21
|
01/02/22
|
31/01/23
|
31/01/24
|
-
|
-
|
-
|
Last Close Price
498.4
USD Average target price
495.7
USD Spread / Average Target -0.56% Consensus |