Real-time Estimate
Cboe Europe
16:17:27 15/05/2024 BST
|
5-day change
|
1st Jan Change
|
8.11
EUR
|
+1.37%
|
|
+3.29%
|
+4.62%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,136
|
3,065
|
3,086
|
3,153
|
2,571
|
2,623
|
-
|
-
|
Enterprise Value (EV)
1 |
2,447
|
3,304
|
3,009
|
3,250
|
2,718
|
2,912
|
2,831
|
2,772
|
P/E ratio
|
14.6
x
|
18
x
|
10.5
x
|
7.62
x
|
26.6
x
|
20.2
x
|
12.1
x
|
9.93
x
|
Yield
|
4%
|
3.02%
|
4.76%
|
6.62%
|
3.48%
|
3.5%
|
4.54%
|
5.35%
|
Capitalization / Revenue
|
1.11
x
|
1.62
x
|
1.48
x
|
1.27
x
|
1.32
x
|
1.25
x
|
1.12
x
|
1.07
x
|
EV / Revenue
|
1.27
x
|
1.75
x
|
1.44
x
|
1.31
x
|
1.4
x
|
1.39
x
|
1.21
x
|
1.13
x
|
EV / EBITDA
|
8.77
x
|
10.5
x
|
6.37
x
|
5.39
x
|
12.6
x
|
10.1
x
|
6.71
x
|
6.02
x
|
EV / FCF
|
18.2
x
|
19.9
x
|
20.5
x
|
122
x
|
21.8
x
|
422
x
|
15.9
x
|
9.99
x
|
FCF Yield
|
5.48%
|
5.02%
|
4.87%
|
0.82%
|
4.58%
|
0.24%
|
6.27%
|
10%
|
Price to Book
|
1.59
x
|
2.22
x
|
1.8
x
|
1.5
x
|
1.34
x
|
1.29
x
|
1.23
x
|
1.15
x
|
Nbr of stocks (in thousands)
|
355,513
|
355,513
|
355,513
|
354,513
|
354,812
|
355,035
|
-
|
-
|
Reference price
2 |
5.995
|
8.620
|
8.610
|
8.765
|
7.190
|
7.325
|
7.325
|
7.325
|
Announcement Date
|
12/02/20
|
11/02/21
|
10/02/22
|
09/02/23
|
08/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,932
|
1,889
|
2,084
|
2,480
|
1,942
|
2,094
|
2,332
|
2,451
|
EBITDA
1 |
279
|
316
|
472.2
|
602.8
|
216
|
288.8
|
421.6
|
460.3
|
EBIT
1 |
184.4
|
221
|
386.6
|
520.7
|
122.2
|
177.7
|
308.6
|
342
|
Operating Margin
|
9.55%
|
11.7%
|
18.55%
|
21%
|
6.29%
|
8.49%
|
13.23%
|
13.96%
|
Earnings before Tax (EBT)
1 |
165.6
|
212.3
|
365.8
|
524.9
|
120.9
|
159
|
298.9
|
333.2
|
Net income
1 |
144.6
|
170.1
|
314
|
461.3
|
101.6
|
128.4
|
215
|
262
|
Net margin
|
7.49%
|
9%
|
15.07%
|
18.6%
|
5.23%
|
6.13%
|
9.22%
|
10.69%
|
EPS
2 |
0.4100
|
0.4800
|
0.8200
|
1.150
|
0.2700
|
0.3627
|
0.6050
|
0.7373
|
Free Cash Flow
1 |
134.2
|
165.7
|
146.6
|
26.7
|
124.4
|
6.9
|
177.5
|
277.5
|
FCF margin
|
6.95%
|
8.77%
|
7.03%
|
1.08%
|
6.41%
|
0.33%
|
7.61%
|
11.32%
|
FCF Conversion (EBITDA)
|
48.1%
|
52.44%
|
31.05%
|
4.43%
|
57.59%
|
2.39%
|
42.11%
|
60.29%
|
FCF Conversion (Net income)
|
92.81%
|
97.41%
|
46.69%
|
5.79%
|
122.44%
|
5.37%
|
82.56%
|
105.9%
|
Dividend per Share
2 |
0.2400
|
0.2600
|
0.4100
|
0.5800
|
0.2500
|
0.2561
|
0.3329
|
0.3916
|
Announcement Date
|
12/02/20
|
11/02/21
|
10/02/22
|
09/02/23
|
08/02/24
|
-
|
-
|
-
|
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 |
518.5
|
582
|
650.5
|
647.3
|
599.8
|
542.1
|
498.2
|
479
|
422.6
|
483.7
|
477
|
571.3
|
578.7
|
572
|
577
|
EBITDA
1 |
109.1
|
142.7
|
167.2
|
176.1
|
116.8
|
113.7
|
52.7
|
23.5
|
26
|
57.8
|
33.87
|
94
|
103.2
|
100
|
105
|
EBIT
1 |
91.3
|
121.5
|
145.9
|
152.5
|
100.8
|
88.7
|
27.3
|
5.5
|
0.7
|
31.5
|
-1.68
|
69
|
77.8
|
72
|
77
|
Operating Margin
|
17.61%
|
20.88%
|
22.43%
|
23.56%
|
16.81%
|
16.36%
|
5.48%
|
1.15%
|
0.17%
|
6.51%
|
-0.35%
|
12.08%
|
13.44%
|
12.59%
|
13.34%
|
Earnings before Tax (EBT)
1 |
90.7
|
139.1
|
140
|
152.4
|
93.4
|
87.7
|
27.5
|
4.3
|
1.4
|
20.1
|
3.033
|
63.5
|
72.7
|
70
|
75
|
Net income
1 |
78.5
|
110.7
|
106.4
|
132.9
|
89.6
|
75.9
|
19.8
|
2.8
|
0.9
|
14.8
|
1.893
|
53.36
|
61.06
|
58
|
62
|
Net margin
|
15.14%
|
19.02%
|
16.36%
|
20.53%
|
14.94%
|
14%
|
3.97%
|
0.58%
|
0.21%
|
3.06%
|
0.4%
|
9.34%
|
10.55%
|
10.14%
|
10.75%
|
EPS
2 |
0.1900
|
0.3100
|
0.3000
|
0.3300
|
0.2100
|
0.1900
|
0.0600
|
0.0100
|
0.0100
|
0.0400
|
-0.0148
|
0.1554
|
0.1782
|
-
|
-
|
Dividend per Share
2 |
0.4100
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.1766
|
-
|
-
|
-
|
0.2873
|
Announcement Date
|
10/02/22
|
28/04/22
|
28/07/22
|
27/10/22
|
09/02/23
|
27/04/23
|
27/07/23
|
26/10/23
|
08/02/24
|
25/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
311
|
238
|
-
|
96.8
|
147
|
289
|
208
|
150
|
Net Cash position
1 |
-
|
-
|
77.2
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.114
x
|
0.7544
x
|
-
|
0.1606
x
|
0.6782
x
|
1.002
x
|
0.4934
x
|
0.3251
x
|
Free Cash Flow
1 |
134
|
166
|
147
|
26.7
|
124
|
6.9
|
178
|
278
|
ROE (net income / shareholders' equity)
|
10.9%
|
12.5%
|
19.4%
|
22.5%
|
4.7%
|
6.47%
|
10.2%
|
12.2%
|
ROA (Net income/ Total Assets)
|
6.35%
|
7.44%
|
12%
|
14.3%
|
3.21%
|
4.4%
|
7.08%
|
9.7%
|
Assets
1 |
2,277
|
2,287
|
2,612
|
3,232
|
3,161
|
2,918
|
3,037
|
2,701
|
Book Value Per Share
2 |
3.760
|
3.890
|
4.780
|
5.860
|
5.350
|
5.680
|
5.960
|
6.400
|
Cash Flow per Share
2 |
0.5700
|
0.8700
|
0.8600
|
0.6500
|
0.9100
|
0.5700
|
0.9200
|
1.200
|
Capex
1 |
94.3
|
154
|
214
|
274
|
218
|
199
|
143
|
124
|
Capex / Sales
|
4.88%
|
8.16%
|
10.25%
|
11.06%
|
11.25%
|
9.49%
|
6.12%
|
5.07%
|
Announcement Date
|
12/02/20
|
11/02/21
|
10/02/22
|
09/02/23
|
08/02/24
|
-
|
-
|
-
|
Last Close Price
7.325
EUR Average target price
7.7
EUR Spread / Average Target +5.12% Consensus |
1st Jan change
|
Capi.
|
---|
| +11.75% | 16.19B | | +11.13% | 13.84B | | +26.72% | 13.34B | | +23.55% | 12.21B | | +9.78% | 11.6B | | -5.72% | 8.83B | | +13.91% | 8.75B | | -0.47% | 8.17B | | +20.40% | 6.42B |
Other Paper Packaging
|