Real-time Estimate
Cboe BZX
20:22:07 03/05/2024 BST
|
5-day change
|
1st Jan Change
|
174.4
USD
|
+2.25%
|
|
-0.56%
|
+0.22%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
17,065
|
16,060
|
31,083
|
33,815
|
42,786
|
40,921
|
-
|
-
|
Enterprise Value (EV)
1 |
19,613
|
18,353
|
34,150
|
35,649
|
42,497
|
42,315
|
41,090
|
38,794
|
P/E ratio
|
13.6
x
|
22.5
x
|
4.93
x
|
4.58
x
|
9.67
x
|
14
x
|
12.8
x
|
12.8
x
|
Yield
|
2.85%
|
3.03%
|
1.5%
|
1.52%
|
1.19%
|
1.27%
|
1.28%
|
1.28%
|
Capitalization / Revenue
|
0.76
x
|
0.8
x
|
0.85
x
|
0.81
x
|
1.23
x
|
1.3
x
|
1.26
x
|
1.19
x
|
EV / Revenue
|
0.87
x
|
0.91
x
|
0.94
x
|
0.86
x
|
1.22
x
|
1.34
x
|
1.27
x
|
1.12
x
|
EV / EBITDA
|
7.25
x
|
10.3
x
|
3.34
x
|
3.11
x
|
5.73
x
|
7.73
x
|
7.25
x
|
6.44
x
|
EV / FCF
|
14.7
x
|
15.9
x
|
7.41
x
|
4.39
x
|
8.68
x
|
32.6
x
|
20.2
x
|
11.8
x
|
FCF Yield
|
6.79%
|
6.29%
|
13.5%
|
22.8%
|
11.5%
|
3.07%
|
4.94%
|
8.44%
|
Price to Book
|
1.64
x
|
1.5
x
|
2.39
x
|
1.81
x
|
2.04
x
|
1.84
x
|
1.64
x
|
1.5
x
|
Nbr of stocks (in thousands)
|
303,215
|
301,929
|
272,299
|
256,544
|
245,839
|
239,980
|
-
|
-
|
Reference price
2 |
56.28
|
53.19
|
114.2
|
131.8
|
174.0
|
170.5
|
170.5
|
170.5
|
Announcement Date
|
28/01/20
|
28/01/21
|
27/01/22
|
26/01/23
|
29/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
22,589
|
20,140
|
36,484
|
41,512
|
34,714
|
31,590
|
32,368
|
34,490
|
EBITDA
1 |
2,706
|
1,774
|
10,224
|
11,477
|
7,411
|
5,477
|
5,665
|
6,023
|
EBIT
1 |
1,971
|
988.7
|
9,360
|
10,415
|
6,243
|
4,345
|
4,524
|
4,536
|
Operating Margin
|
8.73%
|
4.91%
|
25.65%
|
25.09%
|
17.98%
|
13.75%
|
13.98%
|
13.15%
|
Earnings before Tax (EBT)
1 |
1,783
|
835.5
|
9,201
|
10,245
|
6,273
|
4,437
|
4,481
|
4,519
|
Net income
1 |
1,271
|
721.5
|
6,827
|
7,607
|
4,525
|
3,039
|
3,337
|
3,236
|
Net margin
|
5.63%
|
3.58%
|
18.71%
|
18.33%
|
13.03%
|
9.62%
|
10.31%
|
9.38%
|
EPS
2 |
4.140
|
2.360
|
23.16
|
28.79
|
18.00
|
12.18
|
13.34
|
13.37
|
Free Cash Flow
1 |
1,332
|
1,154
|
4,609
|
8,124
|
4,898
|
1,298
|
2,032
|
3,274
|
FCF margin
|
5.9%
|
5.73%
|
12.63%
|
19.57%
|
14.11%
|
4.11%
|
6.28%
|
9.49%
|
FCF Conversion (EBITDA)
|
49.23%
|
65.02%
|
45.08%
|
70.79%
|
66.09%
|
23.7%
|
35.87%
|
54.36%
|
FCF Conversion (Net income)
|
104.8%
|
159.9%
|
67.5%
|
106.79%
|
108.25%
|
42.72%
|
60.88%
|
101.18%
|
Dividend per Share
2 |
1.602
|
1.612
|
1.715
|
2.010
|
2.070
|
2.160
|
2.186
|
2.190
|
Announcement Date
|
28/01/20
|
28/01/21
|
27/01/22
|
26/01/23
|
29/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q3
|
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
|
---|
Net sales
1 |
10,313
|
10,364
|
10,493
|
11,794
|
10,501
|
8,724
|
8,710
|
9,523
|
8,776
|
7,705
|
8,137
|
8,016
|
7,863
|
7,552
|
8,415
|
EBITDA
1 |
3,131
|
3,289
|
3,178
|
3,796
|
2,655
|
1,848
|
1,887
|
2,215
|
1,825
|
1,359
|
1,503
|
1,405
|
1,346
|
1,226
|
1,407
|
EBIT
1 |
2,912
|
3,048
|
2,810
|
3,382
|
2,261
|
1,560
|
1,607
|
2,048
|
1,534
|
1,048
|
1,188
|
1,065
|
1,069
|
958.4
|
1,249
|
Operating Margin
|
28.24%
|
29.41%
|
26.78%
|
28.68%
|
21.53%
|
17.89%
|
18.45%
|
21.51%
|
17.48%
|
13.6%
|
14.59%
|
13.29%
|
13.6%
|
12.69%
|
14.84%
|
Earnings before Tax (EBT)
1 |
2,869
|
3,008
|
2,898
|
3,490
|
2,323
|
1,533
|
1,597
|
2,050
|
1,548
|
1,078
|
1,225
|
1,065
|
1,049
|
944.6
|
1,246
|
Net income
1 |
2,128
|
2,250
|
2,096
|
2,561
|
1,695
|
1,256
|
1,137
|
1,461
|
1,142
|
785.4
|
844.8
|
726.6
|
724.4
|
648.4
|
881.7
|
Net margin
|
20.63%
|
21.71%
|
19.97%
|
21.72%
|
16.14%
|
14.39%
|
13.05%
|
15.35%
|
13.01%
|
10.19%
|
10.38%
|
9.06%
|
9.21%
|
8.59%
|
10.48%
|
EPS
2 |
7.280
|
7.970
|
7.670
|
9.670
|
6.500
|
4.890
|
4.450
|
5.810
|
4.570
|
3.160
|
3.460
|
3.125
|
2.937
|
2.418
|
2.988
|
Dividend per Share
2 |
0.4050
|
0.5000
|
0.5000
|
0.5000
|
0.5000
|
0.5100
|
0.5100
|
0.5100
|
0.5100
|
0.5400
|
0.5331
|
0.5400
|
0.5400
|
0.5400
|
0.5600
|
Announcement Date
|
21/10/21
|
27/01/22
|
21/04/22
|
21/07/22
|
20/10/22
|
26/01/23
|
20/04/23
|
24/07/23
|
23/10/23
|
29/01/24
|
22/04/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
2,548
|
2,293
|
3,067
|
1,834
|
-
|
1,394
|
168
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
289
|
-
|
-
|
2,128
|
Leverage (Debt/EBITDA)
|
0.9418
x
|
1.292
x
|
0.3
x
|
0.1598
x
|
-
|
0.2545
x
|
0.0297
x
|
-
|
Free Cash Flow
1 |
1,332
|
1,154
|
4,609
|
8,124
|
4,898
|
1,298
|
2,032
|
3,274
|
ROE (net income / shareholders' equity)
|
12.6%
|
6.82%
|
55%
|
46.9%
|
23%
|
13.6%
|
12.6%
|
11.4%
|
ROA (Net income/ Total Assets)
|
7.01%
|
3.75%
|
29.7%
|
-
|
13.3%
|
8.29%
|
8.58%
|
-
|
Assets
1 |
18,133
|
19,235
|
22,974
|
-
|
33,910
|
36,646
|
38,911
|
-
|
Book Value Per Share
2 |
34.30
|
35.60
|
47.80
|
72.80
|
85.50
|
92.80
|
104.0
|
114.0
|
Cash Flow per Share
2 |
9.200
|
8.890
|
21.20
|
38.30
|
28.40
|
21.70
|
20.30
|
21.70
|
Capex
1 |
1,477
|
1,543
|
1,622
|
1,948
|
2,214
|
3,442
|
2,593
|
2,118
|
Capex / Sales
|
6.54%
|
7.66%
|
4.45%
|
4.69%
|
6.38%
|
10.9%
|
8.01%
|
6.14%
|
Announcement Date
|
28/01/20
|
28/01/21
|
27/01/22
|
26/01/23
|
29/01/24
|
-
|
-
|
-
|
Last Close Price
170.5
USD Average target price
204.2
USD Spread / Average Target +19.73% Consensus |
1st Jan change
|
Capi.
|
---|
| +0.22% | 40.92B | | +19.32% | 25.03B | | -19.22% | 22.09B | | -5.36% | 21.33B | | +14.76% | 20.66B | | +7.20% | 9.7B | | -24.65% | 8.33B | | -13.89% | 8.22B | | +35.83% | 8.19B | | -.--% | 7.48B |
Other Steel
|