Real-time Estimate
Tradegate
13:58:20 21/06/2024 BST
|
5-day change
|
1st Jan Change
|
6.702
EUR
|
0.00%
|
|
-4.79%
|
-16.69%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
9,437
|
13,835
|
14,407
|
13,505
|
13,256
|
17,594
|
-
|
-
|
Enterprise Value (EV)
1 |
12,257
|
14,145
|
16,212
|
15,078
|
15,164
|
19,245
|
19,037
|
18,741
|
P/E ratio
|
36.9
x
|
-257
x
|
49
x
|
29
x
|
19.8
x
|
22.5
x
|
20
x
|
18.1
x
|
Yield
|
-
|
0.65%
|
1.24%
|
2.08%
|
2.64%
|
2.5%
|
2.75%
|
2.98%
|
Capitalization / Revenue
|
2.93
x
|
5.71
x
|
4.28
x
|
3.22
x
|
2.8
x
|
3.34
x
|
3.08
x
|
2.86
x
|
EV / Revenue
|
3.8
x
|
5.84
x
|
4.82
x
|
3.59
x
|
3.21
x
|
3.66
x
|
3.34
x
|
3.04
x
|
EV / EBITDA
|
12.3
x
|
17.6
x
|
14.5
x
|
10
x
|
8.72
x
|
9.73
x
|
8.83
x
|
8.03
x
|
EV / FCF
|
24.6
x
|
29.3
x
|
17.5
x
|
17.1
x
|
38.3
x
|
22.9
x
|
18.1
x
|
17.4
x
|
FCF Yield
|
4.07%
|
3.41%
|
5.7%
|
5.85%
|
2.61%
|
4.36%
|
5.52%
|
5.73%
|
Price to Book
|
3.18
x
|
4.89
x
|
4.63
x
|
3.88
x
|
3.44
x
|
4.11
x
|
3.74
x
|
3.35
x
|
Nbr of stocks (in thousands)
|
2,558,824
|
2,558,824
|
2,558,824
|
2,558,824
|
2,558,824
|
2,558,824
|
-
|
-
|
Reference price
2 |
3.688
|
5.407
|
5.630
|
5.278
|
5.180
|
6.876
|
6.876
|
6.876
|
Announcement Date
|
18/03/20
|
10/03/21
|
14/03/22
|
09/03/23
|
07/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,226
|
2,423
|
3,366
|
4,201
|
4,726
|
5,265
|
5,707
|
6,161
|
EBITDA
1 |
996.8
|
803.7
|
1,120
|
1,508
|
1,738
|
1,978
|
2,155
|
2,333
|
EBIT
1 |
306.8
|
20.06
|
489.5
|
845.2
|
1,062
|
1,215
|
1,363
|
1,505
|
Operating Margin
|
9.51%
|
0.83%
|
14.54%
|
20.12%
|
22.46%
|
23.07%
|
23.88%
|
24.42%
|
Earnings before Tax (EBT)
1 |
234.8
|
-51.81
|
421.7
|
711
|
971.5
|
1,138
|
1,277
|
1,406
|
Net income
1 |
255.8
|
-54.14
|
294.3
|
465.2
|
671
|
778.4
|
877.5
|
969.9
|
Net margin
|
7.93%
|
-2.23%
|
8.74%
|
11.07%
|
14.2%
|
14.78%
|
15.38%
|
15.74%
|
EPS
2 |
0.1000
|
-0.0210
|
0.1150
|
0.1820
|
0.2620
|
0.3058
|
0.3432
|
0.3803
|
Free Cash Flow
1 |
498.9
|
482.9
|
923.9
|
882.2
|
395.6
|
839.4
|
1,051
|
1,074
|
FCF margin
|
15.47%
|
19.93%
|
27.45%
|
21%
|
8.37%
|
15.94%
|
18.42%
|
17.44%
|
FCF Conversion (EBITDA)
|
50.05%
|
60.08%
|
82.48%
|
58.52%
|
22.76%
|
42.43%
|
48.77%
|
46.05%
|
FCF Conversion (Net income)
|
195.06%
|
-
|
313.98%
|
189.64%
|
58.96%
|
107.83%
|
119.77%
|
110.79%
|
Dividend per Share
2 |
-
|
0.0350
|
0.0700
|
0.1100
|
0.1370
|
0.1721
|
0.1889
|
0.2048
|
Announcement Date
|
18/03/20
|
10/03/21
|
14/03/22
|
09/03/23
|
07/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
---|
Net sales
1 |
1,655
|
937.7
|
1,485
|
1,501
|
1,865
|
1,901
|
2,300
|
1,065
|
1,167
|
2,232
|
1,111
|
1,383
|
2,542
|
1,187
|
1,295
|
2,487
|
1,229
|
1,496
|
2,740
|
EBITDA
|
506.2
|
267.3
|
536.4
|
478.2
|
642
|
655.2
|
852.4
|
-
|
-
|
821.5
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
156.3
|
-195.8
|
215.9
|
165.9
|
323.6
|
330.8
|
514.4
|
-
|
-
|
491.4
|
-
|
-
|
570.3
|
-
|
-
|
550.8
|
-
|
-
|
647
|
Operating Margin
|
9.44%
|
-20.88%
|
14.54%
|
11.05%
|
17.35%
|
17.4%
|
22.37%
|
-
|
-
|
22.01%
|
-
|
-
|
22.44%
|
-
|
-
|
22.15%
|
-
|
-
|
23.62%
|
Earnings before Tax (EBT)
|
114.7
|
-235.5
|
183.7
|
138.2
|
283.5
|
277.4
|
433.5
|
-
|
-
|
445
|
-
|
-
|
526.5
|
-
|
-
|
526.2
|
-
|
-
|
597.9
|
Net income
|
177.9
|
-180.3
|
126.2
|
97.24
|
197
|
188.3
|
276.9
|
-
|
-
|
305.2
|
-
|
-
|
365.9
|
-
|
-
|
358.9
|
-
|
-
|
407
|
Net margin
|
10.75%
|
-19.23%
|
8.5%
|
6.48%
|
10.57%
|
9.9%
|
12.04%
|
-
|
-
|
13.67%
|
-
|
-
|
14.4%
|
-
|
-
|
14.43%
|
-
|
-
|
14.86%
|
EPS
|
-
|
-0.0700
|
0.0490
|
0.0380
|
0.0770
|
0.0740
|
0.1080
|
-
|
-
|
0.1190
|
-
|
-
|
0.1430
|
-
|
-
|
0.1350
|
-
|
-
|
0.1650
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
18/03/20
|
29/07/20
|
10/03/21
|
29/07/21
|
14/03/22
|
29/07/22
|
09/03/23
|
27/04/23
|
27/07/23
|
27/07/23
|
31/10/23
|
07/03/24
|
07/03/24
|
24/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
2,820
|
309
|
1,806
|
1,572
|
1,908
|
1,651
|
1,442
|
1,147
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.829
x
|
0.3849
x
|
1.612
x
|
1.043
x
|
1.098
x
|
0.8344
x
|
0.6693
x
|
0.4913
x
|
Free Cash Flow
1 |
499
|
483
|
924
|
882
|
396
|
839
|
1,051
|
1,074
|
ROE (net income / shareholders' equity)
|
8.75%
|
-1.87%
|
9.9%
|
14.1%
|
18.3%
|
19.3%
|
19.8%
|
20.1%
|
ROA (Net income/ Total Assets)
|
4.37%
|
-0.8%
|
4.36%
|
6.49%
|
8.95%
|
10.1%
|
10.6%
|
10.9%
|
Assets
1 |
5,859
|
6,783
|
6,749
|
7,168
|
7,496
|
7,700
|
8,256
|
8,923
|
Book Value Per Share
2 |
1.160
|
1.110
|
1.220
|
1.360
|
1.510
|
1.670
|
1.840
|
2.050
|
Cash Flow per Share
2 |
0.3200
|
0.2300
|
0.4500
|
0.4400
|
0.4500
|
0.5400
|
0.6000
|
0.5700
|
Capex
1 |
311
|
110
|
220
|
241
|
760
|
358
|
363
|
374
|
Capex / Sales
|
9.64%
|
4.52%
|
6.53%
|
5.75%
|
16.07%
|
6.8%
|
6.35%
|
6.08%
|
Announcement Date
|
18/03/20
|
10/03/21
|
14/03/22
|
09/03/23
|
07/03/24
|
-
|
-
|
-
|
Last Close Price
6.876
EUR Average target price
8.184
EUR Spread / Average Target +19.03% Consensus |