Market Closed -
Borsa Italiana
16:44:59 26/04/2024 BST
|
5-day change
|
1st Jan Change
|
5.982
EUR
|
+0.67%
|
|
+2.85%
|
+21.41%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
5,140
|
4,433
|
6,108
|
4,004
|
4,927
|
5,982
|
-
|
-
|
Enterprise Value (EV)
1 |
8,647
|
7,691
|
9,015
|
6,557
|
4,927
|
8,070
|
7,694
|
7,308
|
P/E ratio
|
11.7
x
|
148
x
|
20.4
x
|
9.53
x
|
10.3
x
|
12.3
x
|
10.7
x
|
9.61
x
|
Yield
|
3.56%
|
1.8%
|
2.64%
|
5.44%
|
-
|
3.95%
|
4.67%
|
4.84%
|
Capitalization / Revenue
|
0.97
x
|
1.03
x
|
1.15
x
|
0.61
x
|
0.74
x
|
0.89
x
|
0.86
x
|
0.83
x
|
EV / Revenue
|
1.62
x
|
1.79
x
|
1.69
x
|
0.99
x
|
0.74
x
|
1.2
x
|
1.11
x
|
1.02
x
|
EV / EBITDA
|
6.6
x
|
8.61
x
|
7.45
x
|
4.66
x
|
3.41
x
|
5.45
x
|
4.95
x
|
4.54
x
|
EV / FCF
|
13.7
x
|
17.5
x
|
20.1
x
|
11.7
x
|
-
|
15.3
x
|
13.2
x
|
10.5
x
|
FCF Yield
|
7.31%
|
5.73%
|
4.97%
|
8.56%
|
-
|
6.54%
|
7.56%
|
9.57%
|
Price to Book
|
1.09
x
|
1
x
|
1.24
x
|
0.75
x
|
-
|
1.04
x
|
0.99
x
|
0.94
x
|
Nbr of stocks (in thousands)
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
-
|
-
|
Reference price
2 |
5.140
|
4.433
|
6.108
|
4.004
|
4.927
|
5.982
|
5.982
|
5.982
|
Announcement Date
|
19/02/20
|
10/03/21
|
23/02/22
|
22/02/23
|
06/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
5,323
|
4,302
|
5,332
|
6,616
|
6,650
|
6,712
|
6,946
|
7,193
|
EBITDA
1 |
1,310
|
893
|
1,211
|
1,408
|
1,446
|
1,482
|
1,554
|
1,609
|
EBIT
1 |
917
|
501
|
815.8
|
977.8
|
1,002
|
1,023
|
1,117
|
1,164
|
Operating Margin
|
17.23%
|
11.65%
|
15.3%
|
14.78%
|
15.06%
|
15.24%
|
16.07%
|
16.18%
|
Earnings before Tax (EBT)
1 |
622
|
57
|
436.8
|
595.6
|
630.1
|
692.8
|
798.3
|
882.3
|
Net income
1 |
438.1
|
29.78
|
302.8
|
435.9
|
479.1
|
492
|
570
|
633.6
|
Net margin
|
8.23%
|
0.69%
|
5.68%
|
6.59%
|
7.2%
|
7.33%
|
8.21%
|
8.81%
|
EPS
2 |
0.4380
|
0.0300
|
0.3000
|
0.4200
|
0.4800
|
0.4864
|
0.5615
|
0.6225
|
Free Cash Flow
1 |
632.2
|
440.5
|
448
|
561.4
|
-
|
528
|
581.4
|
699.2
|
FCF margin
|
11.88%
|
10.24%
|
8.4%
|
8.49%
|
-
|
7.87%
|
8.37%
|
9.72%
|
FCF Conversion (EBITDA)
|
48.26%
|
49.33%
|
37%
|
39.86%
|
-
|
35.64%
|
37.42%
|
43.46%
|
FCF Conversion (Net income)
|
144.29%
|
1,479.04%
|
147.95%
|
128.79%
|
-
|
107.32%
|
102%
|
110.36%
|
Dividend per Share
2 |
0.1830
|
0.0800
|
0.1610
|
0.2180
|
-
|
0.2363
|
0.2794
|
0.2895
|
Announcement Date
|
19/02/20
|
10/03/21
|
23/02/22
|
22/02/23
|
06/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
---|
Net sales
1 |
1,816
|
2,486
|
2,565
|
1,414
|
1,352
|
2,767
|
1,521
|
1,676
|
3,197
|
1,836
|
1,582
|
3,419
|
1,700
|
1,738
|
3,438
|
1,723
|
1,490
|
3,213
|
1,679
|
1,738
|
1,746
|
1,503
|
-
|
EBITDA
1 |
267.9
|
625.1
|
573.9
|
320
|
316.8
|
636.8
|
333
|
362.2
|
695.3
|
383.9
|
329.1
|
713
|
359.7
|
379.4
|
739.1
|
376.7
|
330.3
|
707
|
358
|
-
|
-
|
-
|
-
|
EBIT
1 |
66.7
|
434.3
|
377.4
|
221
|
217.4
|
438.4
|
229
|
253.1
|
481.6
|
271.9
|
224.3
|
496.2
|
248.1
|
269.3
|
517.4
|
265.1
|
219.3
|
484.4
|
240.9
|
268.5
|
266.2
|
223.1
|
-
|
Operating Margin
|
3.67%
|
17.47%
|
14.71%
|
15.63%
|
16.08%
|
15.85%
|
15.06%
|
15.1%
|
15.06%
|
14.81%
|
14.17%
|
14.51%
|
14.6%
|
15.5%
|
15.05%
|
15.39%
|
14.72%
|
15.08%
|
14.35%
|
15.45%
|
15.25%
|
14.85%
|
-
|
Earnings before Tax (EBT)
|
-
|
191.6
|
178.7
|
-
|
115.8
|
258.1
|
150
|
168.1
|
317.9
|
172.3
|
105.4
|
277.7
|
160.8
|
178.5
|
339.3
|
187.7
|
103.1
|
290.8
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
-103.3
|
-
|
123.1
|
105
|
78.84
|
-
|
107.5
|
113.9
|
221.4
|
126.3
|
76.6
|
-
|
111.6
|
127.6
|
242.6
|
161
|
86.1
|
-
|
103.1
|
100.3
|
150.4
|
150.4
|
-
|
Net margin
|
-5.69%
|
-
|
4.8%
|
7.43%
|
5.83%
|
-
|
7.07%
|
6.8%
|
6.93%
|
6.88%
|
4.84%
|
-
|
6.57%
|
7.34%
|
7.06%
|
9.34%
|
5.78%
|
-
|
6.14%
|
5.77%
|
8.61%
|
10.01%
|
-
|
EPS
2 |
-
|
-
|
0.1230
|
0.1010
|
0.0760
|
-
|
0.1100
|
0.1110
|
0.2210
|
0.1200
|
0.0800
|
-
|
0.1100
|
0.1200
|
-
|
0.1600
|
0.0900
|
-
|
0.1134
|
0.1051
|
0.1352
|
0.1252
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
0.1610
|
-
|
-
|
-
|
-
|
-
|
0.2180
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.0258
|
0.0516
|
0.0516
|
0.0516
|
0.0809
|
Announcement Date
|
05/08/20
|
10/03/21
|
05/08/21
|
11/11/21
|
23/02/22
|
23/02/22
|
10/05/22
|
04/08/22
|
04/08/22
|
03/11/22
|
22/02/23
|
22/02/23
|
11/05/23
|
27/07/23
|
27/07/23
|
09/11/23
|
06/03/24
|
06/03/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
3,507
|
3,258
|
2,907
|
2,553
|
-
|
2,088
|
1,712
|
1,326
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.677
x
|
3.648
x
|
2.401
x
|
1.813
x
|
-
|
1.409
x
|
1.102
x
|
0.8241
x
|
Free Cash Flow
1 |
632
|
440
|
448
|
561
|
-
|
528
|
581
|
699
|
ROE (net income / shareholders' equity)
|
9.53%
|
0.65%
|
6.88%
|
8.52%
|
-
|
9.11%
|
9.94%
|
10.8%
|
ROA (Net income/ Total Assets)
|
3.26%
|
1.78%
|
2.33%
|
3.14%
|
-
|
3.72%
|
4.21%
|
4.82%
|
Assets
1 |
13,454
|
1,676
|
12,987
|
13,890
|
-
|
13,230
|
13,534
|
13,149
|
Book Value Per Share
2 |
4.720
|
4.450
|
4.910
|
5.320
|
-
|
5.760
|
6.050
|
6.350
|
Cash Flow per Share
2 |
1.020
|
0.6200
|
0.7400
|
0.9700
|
-
|
1.040
|
1.110
|
0.9500
|
Capex
1 |
391
|
140
|
346
|
477
|
-
|
452
|
463
|
487
|
Capex / Sales
|
7.35%
|
3.25%
|
6.49%
|
7.22%
|
-
|
6.74%
|
6.67%
|
6.76%
|
Announcement Date
|
19/02/20
|
10/03/21
|
23/02/22
|
22/02/23
|
06/03/24
|
-
|
-
|
-
|
Last Close Price
5.982
EUR Average target price
6.294
EUR Spread / Average Target +5.21% Consensus |
1st Jan change
|
Capi.
|
---|
| +21.41% | 6.39B | | -7.58% | 5.5B | | +24.89% | 5.03B | | +2.23% | 4.56B | | +17.11% | 4.55B | | +8.45% | 3.75B | | +25.05% | 3.65B | | +43.04% | 3.08B | | +27.13% | 2.02B | | +41.67% | 1.52B |
Tire & Tube Manufacturers
|