Market Closed -
BOERSE MUENCHEN
20:43:15 03/07/2024 BST
|
5-day change
|
1st Jan Change
|
3.64
EUR
|
-1.09%
|
|
-1.06%
|
+13.33%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
901.6
|
883.6
|
1,020
|
893.2
|
804.3
|
880.7
|
-
|
-
|
Enterprise Value (EV)
1 |
1,123
|
1,039
|
1,117
|
1,094
|
1,037
|
1,151
|
1,153
|
1,152
|
P/E ratio
|
12.4
x
|
-39.4
x
|
13.9
x
|
10.2
x
|
17.2
x
|
11.6
x
|
9.37
x
|
8.63
x
|
Yield
|
1.26%
|
1.77%
|
2.54%
|
3.82%
|
4.24%
|
4%
|
4.32%
|
4.65%
|
Capitalization / Revenue
|
0.86
x
|
0.97
x
|
1.07
x
|
0.8
x
|
0.72
x
|
0.77
x
|
0.73
x
|
0.7
x
|
EV / Revenue
|
1.07
x
|
1.14
x
|
1.17
x
|
0.98
x
|
0.93
x
|
1
x
|
0.96
x
|
0.91
x
|
EV / EBITDA
|
6.36
x
|
7.78
x
|
6.87
x
|
5.78
x
|
6.49
x
|
6.25
x
|
5.67
x
|
5.18
x
|
EV / FCF
|
17.1
x
|
13
x
|
15.1
x
|
-28.5
x
|
71
x
|
142
x
|
26
x
|
16.7
x
|
FCF Yield
|
5.86%
|
7.68%
|
6.61%
|
-3.51%
|
1.41%
|
0.7%
|
3.85%
|
6%
|
Price to Book
|
3.33
x
|
4.38
x
|
3.28
x
|
2.3
x
|
2.24
x
|
2.18
x
|
1.91
x
|
1.74
x
|
Nbr of stocks (in thousands)
|
284,402
|
284,129
|
284,528
|
284,010
|
284,206
|
284,562
|
-
|
-
|
Reference price
2 |
3.170
|
3.110
|
3.585
|
3.145
|
2.830
|
3.095
|
3.095
|
3.095
|
Announcement Date
|
25/02/20
|
04/03/21
|
04/03/22
|
28/04/23
|
12/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,050
|
910.7
|
950.5
|
1,112
|
1,115
|
1,149
|
1,204
|
1,261
|
EBITDA
1 |
176.6
|
133.6
|
162.5
|
189.1
|
159.8
|
184.2
|
203.1
|
222.3
|
EBIT
1 |
134.2
|
91.7
|
124.5
|
151
|
120.3
|
141.6
|
160.6
|
176.4
|
Operating Margin
|
12.79%
|
10.07%
|
13.1%
|
13.58%
|
10.79%
|
12.33%
|
13.34%
|
13.99%
|
Earnings before Tax (EBT)
1 |
109.7
|
-13.1
|
104.3
|
131.6
|
77.8
|
116.7
|
142.8
|
154.3
|
Net income
1 |
73.1
|
-22.5
|
73.8
|
88
|
47.3
|
76.89
|
95.29
|
103.2
|
Net margin
|
6.97%
|
-2.47%
|
7.76%
|
7.91%
|
4.24%
|
6.69%
|
7.91%
|
8.18%
|
EPS
2 |
0.2550
|
-0.0790
|
0.2570
|
0.3070
|
0.1650
|
0.2660
|
0.3303
|
0.3585
|
Free Cash Flow
1 |
65.8
|
79.8
|
73.8
|
-38.4
|
14.6
|
8.092
|
44.36
|
69.19
|
FCF margin
|
6.27%
|
8.76%
|
7.76%
|
-3.45%
|
1.31%
|
0.7%
|
3.68%
|
5.49%
|
FCF Conversion (EBITDA)
|
37.26%
|
59.73%
|
45.42%
|
-
|
9.14%
|
4.39%
|
21.84%
|
31.12%
|
FCF Conversion (Net income)
|
90.01%
|
-
|
100%
|
-
|
30.87%
|
10.52%
|
46.55%
|
67.07%
|
Dividend per Share
2 |
0.0400
|
0.0550
|
0.0910
|
0.1200
|
0.1200
|
0.1237
|
0.1336
|
0.1440
|
Announcement Date
|
25/02/20
|
04/03/21
|
04/03/22
|
28/04/23
|
12/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2023 S1
|
2024 S1
|
---|
Net sales
1 |
523.7
|
477.8
|
432.9
|
-
|
489.3
|
530.2
|
553.9
|
553
|
EBITDA
|
88.6
|
75.3
|
58.3
|
77.5
|
85
|
-
|
-
|
-
|
EBIT
|
66.8
|
52.9
|
38.8
|
-
|
65.4
|
72.5
|
50
|
-
|
Operating Margin
|
12.76%
|
11.07%
|
8.96%
|
-
|
13.37%
|
13.67%
|
9.03%
|
-
|
Earnings before Tax (EBT)
|
55
|
-25.5
|
12.4
|
-
|
48.1
|
-
|
-
|
-
|
Net income
|
37.8
|
-27.4
|
4.9
|
-
|
36.2
|
-
|
-
|
-
|
Net margin
|
7.22%
|
-5.73%
|
1.13%
|
-
|
7.4%
|
-
|
-
|
-
|
EPS
|
-
|
-
|
-
|
-
|
0.1260
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
0.0550
|
-
|
0.0590
|
0.0530
|
0.0530
|
-
|
Announcement Date
|
25/02/20
|
30/07/20
|
04/03/21
|
29/07/21
|
04/03/22
|
29/07/22
|
04/08/23
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
221
|
156
|
96.5
|
200
|
232
|
270
|
272
|
272
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.252
x
|
1.165
x
|
0.5938
x
|
1.06
x
|
1.454
x
|
1.467
x
|
1.339
x
|
1.222
x
|
Free Cash Flow
1 |
65.8
|
79.8
|
73.8
|
-38.4
|
14.6
|
8.09
|
44.4
|
69.2
|
ROE (net income / shareholders' equity)
|
31.7%
|
20.4%
|
30.2%
|
25.2%
|
18.1%
|
21%
|
21.9%
|
21.2%
|
ROA (Net income/ Total Assets)
|
-
|
-
|
-
|
-
|
-
|
6.91%
|
7.97%
|
7.74%
|
Assets
1 |
-
|
-
|
-
|
-
|
-
|
1,112
|
1,195
|
1,332
|
Book Value Per Share
2 |
0.9500
|
0.7100
|
1.090
|
1.370
|
1.270
|
1.420
|
1.620
|
1.780
|
Cash Flow per Share
2 |
0.4300
|
0.3800
|
0.3700
|
-
|
-
|
0.4200
|
0.4800
|
0.5200
|
Capex
1 |
56.4
|
30
|
31.6
|
57.4
|
58.5
|
120
|
98.6
|
94.6
|
Capex / Sales
|
5.37%
|
3.29%
|
3.32%
|
5.16%
|
5.25%
|
10.45%
|
8.19%
|
7.5%
|
Announcement Date
|
25/02/20
|
04/03/21
|
04/03/22
|
28/04/23
|
12/03/24
|
-
|
-
|
-
|
Last Close Price
3.095
GBP Average target price
3.683
GBP Spread / Average Target +19.01% Consensus |