Market Closed -
Nyse
21:00:02 02/05/2024 BST
|
5-day change
|
1st Jan Change
|
113.4
USD
|
+0.52%
|
|
-4.49%
|
+4.57%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
6,461
|
5,879
|
7,606
|
5,767
|
7,091
|
7,414
|
-
|
-
|
Enterprise Value (EV)
1 |
6,831
|
6,114
|
7,430
|
5,566
|
7,639
|
7,806
|
7,685
|
7,836
|
P/E ratio
|
11.5
x
|
18.2
x
|
19
x
|
33.5
x
|
11.9
x
|
10.4
x
|
9.8
x
|
9.19
x
|
Yield
|
1.17%
|
1.39%
|
1.31%
|
1.68%
|
1.51%
|
1.63%
|
1.71%
|
1.81%
|
Capitalization / Revenue
|
0.77
x
|
0.86
x
|
0.96
x
|
0.7
x
|
0.73
x
|
0.7
x
|
0.69
x
|
0.67
x
|
EV / Revenue
|
0.81
x
|
0.89
x
|
0.93
x
|
0.67
x
|
0.79
x
|
0.74
x
|
0.72
x
|
0.71
x
|
EV / EBITDA
|
7.49
x
|
10.2
x
|
12.9
x
|
11.3
x
|
7.15
x
|
6.28
x
|
6.02
x
|
6.09
x
|
EV / FCF
|
17.3
x
|
31
x
|
-
|
16.8
x
|
27.9
x
|
17.7
x
|
12.6
x
|
13
x
|
FCF Yield
|
5.77%
|
3.22%
|
-
|
5.96%
|
3.59%
|
5.67%
|
7.94%
|
7.67%
|
Price to Book
|
2.54
x
|
2.06
x
|
-
|
1.81
x
|
1.92
x
|
1.75
x
|
1.53
x
|
1.35
x
|
Nbr of stocks (in thousands)
|
68,258
|
68,305
|
67,487
|
65,394
|
65,414
|
65,401
|
-
|
-
|
Reference price
2 |
94.65
|
86.07
|
112.7
|
88.19
|
108.4
|
113.4
|
113.4
|
113.4
|
Announcement Date
|
30/10/19
|
29/10/20
|
26/01/22
|
31/01/23
|
30/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
8,382
|
6,857
|
7,952
|
8,282
|
9,658
|
10,563
|
10,687
|
11,103
|
EBITDA
1 |
912.2
|
599.8
|
575
|
492.2
|
1,069
|
1,242
|
1,277
|
1,287
|
EBIT
1 |
797
|
495.6
|
470.6
|
384.6
|
909
|
1,065
|
1,080
|
1,100
|
Operating Margin
|
9.51%
|
7.23%
|
5.92%
|
4.64%
|
9.41%
|
10.08%
|
10.1%
|
9.9%
|
Earnings before Tax (EBT)
1 |
750.7
|
439.1
|
415.5
|
275.6
|
797.6
|
969.7
|
1,023
|
1,069
|
Net income
1 |
579.4
|
324.5
|
409.4
|
173.9
|
598
|
727.4
|
770.8
|
809.6
|
Net margin
|
6.91%
|
4.73%
|
5.15%
|
2.1%
|
6.19%
|
6.89%
|
7.21%
|
7.29%
|
EPS
2 |
8.210
|
4.720
|
5.930
|
2.630
|
9.080
|
10.95
|
11.56
|
12.33
|
Free Cash Flow
1 |
394.1
|
197.1
|
-
|
331.8
|
274.3
|
442.2
|
610.3
|
601.3
|
FCF margin
|
4.7%
|
2.87%
|
-
|
4.01%
|
2.84%
|
4.19%
|
5.71%
|
5.42%
|
FCF Conversion (EBITDA)
|
43.2%
|
32.86%
|
-
|
67.41%
|
25.66%
|
35.6%
|
47.79%
|
46.72%
|
FCF Conversion (Net income)
|
68.02%
|
60.74%
|
-
|
190.8%
|
45.87%
|
60.79%
|
79.17%
|
74.26%
|
Dividend per Share
2 |
1.110
|
1.200
|
1.480
|
1.480
|
1.640
|
1.844
|
1.940
|
2.051
|
Announcement Date
|
30/10/19
|
29/10/20
|
26/01/22
|
31/01/23
|
30/01/24
|
-
|
-
|
-
|
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 |
1,792
|
1,946
|
2,066
|
2,067
|
2,204
|
2,268
|
2,413
|
2,510
|
2,467
|
2,544
|
2,770
|
2,756
|
2,576
|
2,541
|
2,782
|
EBITDA
1 |
45
|
55.7
|
96.3
|
140.9
|
180
|
178.3
|
270.7
|
316.6
|
295.2
|
321.9
|
327
|
330.3
|
270.5
|
305
|
355.1
|
EBIT
1 |
18
|
29.3
|
69.4
|
114
|
152.6
|
147.8
|
236.9
|
276.3
|
239.9
|
275.3
|
284.1
|
286.2
|
230.9
|
253.9
|
304.9
|
Operating Margin
|
1%
|
1.51%
|
3.36%
|
5.52%
|
6.93%
|
6.52%
|
9.82%
|
11.01%
|
9.73%
|
10.82%
|
10.26%
|
10.39%
|
8.96%
|
9.99%
|
10.96%
|
Earnings before Tax (EBT)
1 |
0.6
|
18.8
|
42.4
|
89.6
|
105.5
|
129.4
|
231.6
|
241.4
|
195.2
|
236.9
|
261.1
|
259.4
|
206.3
|
226.4
|
285.8
|
Net income
1 |
6.2
|
-2.1
|
26.9
|
59.3
|
75.1
|
88.5
|
175
|
183.7
|
150.8
|
179.4
|
193.7
|
192.5
|
154.1
|
168.1
|
212.6
|
Net margin
|
0.35%
|
-0.11%
|
1.3%
|
2.87%
|
3.41%
|
3.9%
|
7.25%
|
7.32%
|
6.11%
|
7.05%
|
6.99%
|
6.99%
|
5.98%
|
6.61%
|
7.64%
|
EPS
2 |
0.0900
|
-0.0300
|
0.4100
|
0.9000
|
1.140
|
1.340
|
2.670
|
2.790
|
2.280
|
2.710
|
2.949
|
2.949
|
2.300
|
2.672
|
3.258
|
Dividend per Share
2 |
0.3700
|
0.3700
|
0.3700
|
0.3700
|
0.3700
|
0.4100
|
0.4100
|
0.4100
|
0.4100
|
-
|
0.4588
|
0.4588
|
0.4588
|
0.4569
|
0.4569
|
Announcement Date
|
26/01/22
|
27/04/22
|
28/07/22
|
27/10/22
|
31/01/23
|
27/04/23
|
01/08/23
|
26/10/23
|
30/01/24
|
25/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
371
|
235
|
-
|
-
|
548
|
392
|
271
|
423
|
Net Cash position
1 |
-
|
-
|
177
|
201
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.4063
x
|
0.3918
x
|
-
|
-
|
0.5126
x
|
0.3154
x
|
0.2121
x
|
0.3284
x
|
Free Cash Flow
1 |
394
|
197
|
-
|
332
|
274
|
442
|
610
|
601
|
ROE (net income / shareholders' equity)
|
22.7%
|
11.9%
|
13.6%
|
7.16%
|
19.1%
|
17.9%
|
16.9%
|
15.3%
|
ROA (Net income/ Total Assets)
|
10.7%
|
5.7%
|
-
|
3.14%
|
7.8%
|
7.81%
|
7.81%
|
7.01%
|
Assets
1 |
5,430
|
5,691
|
-
|
5,543
|
7,670
|
9,312
|
9,865
|
11,551
|
Book Value Per Share
2 |
37.20
|
41.80
|
-
|
48.70
|
56.60
|
64.80
|
74.10
|
83.90
|
Cash Flow per Share
2 |
8.350
|
4.760
|
-
|
9.090
|
9.100
|
11.10
|
13.20
|
14.70
|
Capex
1 |
195
|
130
|
-
|
270
|
325
|
303
|
312
|
326
|
Capex / Sales
|
2.33%
|
1.9%
|
-
|
3.25%
|
3.37%
|
2.87%
|
2.92%
|
2.94%
|
Announcement Date
|
30/10/19
|
29/10/20
|
26/01/22
|
31/01/23
|
30/01/24
|
-
|
-
|
-
|
Last Close Price
113.4
USD Average target price
130.7
USD Spread / Average Target +15.30% Consensus |
1st Jan change
|
Capi.
|
---|
| +4.57% | 7.41B | | +9.02% | 55.8B | | +19.05% | 36.59B | | +30.78% | 30.36B | | +24.11% | 28.16B | | +13.26% | 23.71B | | +1.29% | 21.92B | | +18.12% | 19.16B | | -4.11% | 14.55B | | +16.92% | 11.81B |
Other Heavy Machinery & Vehicles
|