Real-time Estimate
Cboe BZX
19:02:29 01/05/2024 BST
|
5-day change
|
1st Jan Change
|
102
USD
|
-0.03%
|
|
-1.08%
|
-23.43%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
56,316
|
73,671
|
124,473
|
104,059
|
123,165
|
94,482
|
-
|
-
|
Enterprise Value (EV)
1 |
67,133
|
89,922
|
141,632
|
127,656
|
151,635
|
125,202
|
126,317
|
126,814
|
P/E ratio
|
36.2
x
|
49.6
x
|
42.7
x
|
27.2
x
|
40.5
x
|
39.8
x
|
34.3
x
|
29.1
x
|
Yield
|
2.38%
|
2.33%
|
1.5%
|
2.8%
|
2.61%
|
3.71%
|
3.96%
|
4.19%
|
Capitalization / Revenue
|
19.9
x
|
19.4
x
|
30
x
|
21.2
x
|
18.1
x
|
12.5
x
|
11.4
x
|
10.1
x
|
EV / Revenue
|
23.7
x
|
23.7
x
|
34.1
x
|
26
x
|
22.2
x
|
16.6
x
|
15.3
x
|
13.5
x
|
EV / EBITDA
|
31.5
x
|
30.3
x
|
44.3
x
|
31.2
x
|
27.2
x
|
21.1
x
|
18.7
x
|
16.7
x
|
EV / FCF
|
45,601,565
x
|
-14,780,071,364
x
|
47,273,077
x
|
279,054,792
x
|
-
|
-
|
-
|
-
|
FCF Yield
|
0%
|
-0%
|
0%
|
0%
|
-
|
-
|
-
|
-
|
Price to Book
|
2.53
x
|
2.31
x
|
3.73
x
|
1.96
x
|
2.32
x
|
1.56
x
|
1.69
x
|
1.82
x
|
Nbr of stocks (in thousands)
|
631,775
|
739,223
|
739,327
|
923,079
|
923,971
|
925,844
|
-
|
-
|
Reference price
2 |
89.14
|
99.66
|
168.4
|
112.7
|
133.3
|
102.0
|
102.0
|
102.0
|
Announcement Date
|
22/01/20
|
26/01/21
|
19/01/22
|
18/01/23
|
17/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
2,832
|
3,791
|
4,148
|
4,913
|
6,819
|
7,564
|
8,282
|
9,363
|
EBITDA
1 |
2,132
|
2,964
|
3,195
|
4,093
|
5,569
|
5,920
|
6,739
|
7,582
|
EBIT
1 |
991.9
|
1,402
|
1,617
|
2,280
|
3,084
|
3,294
|
3,837
|
4,912
|
Operating Margin
|
35.03%
|
36.98%
|
38.99%
|
46.41%
|
45.24%
|
43.55%
|
46.34%
|
52.46%
|
Earnings before Tax (EBT)
1 |
1,776
|
1,747
|
3,323
|
3,691
|
3,464
|
2,736
|
3,376
|
3,846
|
Net income
1 |
1,567
|
1,473
|
2,934
|
3,359
|
3,053
|
2,553
|
3,101
|
3,366
|
Net margin
|
55.33%
|
38.86%
|
70.72%
|
68.36%
|
44.78%
|
33.75%
|
37.45%
|
35.95%
|
EPS
2 |
2.460
|
2.010
|
3.940
|
4.140
|
3.290
|
2.564
|
2.971
|
3.510
|
Free Cash Flow
|
1,472
|
-6.084
|
2,996
|
457.5
|
-
|
-
|
-
|
-
|
FCF margin
|
51.99%
|
-0.16%
|
72.23%
|
9.31%
|
-
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
69.06%
|
-
|
93.76%
|
11.18%
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
93.95%
|
-
|
102.13%
|
13.62%
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
2.120
|
2.320
|
2.520
|
3.160
|
3.480
|
3.791
|
4.044
|
4.272
|
Announcement Date
|
22/01/20
|
26/01/21
|
19/01/22
|
18/01/23
|
17/01/24
|
-
|
-
|
-
|
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 |
1,074
|
1,077
|
1,093
|
1,152
|
1,591
|
1,634
|
1,651
|
1,777
|
1,756
|
1,828
|
1,865
|
1,916
|
1,960
|
2,042
|
2,057
|
EBITDA
1 |
874.1
|
807.4
|
829.8
|
1,241
|
1,215
|
1,177
|
1,804
|
1,306
|
1,282
|
1,300
|
1,443
|
1,482
|
1,533
|
1,567
|
1,631
|
EBIT
1 |
477.3
|
410.8
|
427.5
|
839.3
|
602.9
|
575
|
1,202
|
663.5
|
643.8
|
662.5
|
803.9
|
844.6
|
877.4
|
944.1
|
1,049
|
Operating Margin
|
44.43%
|
38.14%
|
39.1%
|
72.86%
|
37.89%
|
35.19%
|
72.79%
|
37.33%
|
36.67%
|
36.25%
|
43.1%
|
44.08%
|
44.78%
|
46.24%
|
51.03%
|
Earnings before Tax (EBT)
1 |
1,341
|
1,249
|
696.3
|
1,108
|
637.8
|
530.7
|
1,359
|
840.4
|
734.4
|
663.6
|
694.8
|
733.6
|
762.1
|
755.8
|
830.5
|
Net income
1 |
1,247
|
1,149
|
609.9
|
1,014
|
585.8
|
463.2
|
1,215
|
746.2
|
629.5
|
584.3
|
640.5
|
698.9
|
734.9
|
747.1
|
808.8
|
Net margin
|
116.09%
|
106.72%
|
55.77%
|
88.03%
|
36.82%
|
28.35%
|
73.54%
|
41.98%
|
35.85%
|
31.97%
|
34.34%
|
36.48%
|
37.5%
|
36.59%
|
39.33%
|
EPS
2 |
1.670
|
1.500
|
0.8000
|
1.320
|
0.6200
|
0.5000
|
1.310
|
0.8000
|
0.6800
|
0.6300
|
0.6527
|
0.7282
|
0.7212
|
0.7600
|
0.8500
|
Dividend per Share
2 |
0.6300
|
0.7900
|
0.7900
|
0.7900
|
0.7900
|
0.8700
|
0.8700
|
0.8700
|
0.8700
|
-
|
0.9548
|
0.9548
|
0.9548
|
1.006
|
0.9984
|
Announcement Date
|
19/01/22
|
19/04/22
|
18/07/22
|
19/10/22
|
18/01/23
|
18/04/23
|
18/07/23
|
17/10/23
|
17/01/24
|
17/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
10,817
|
16,251
|
17,159
|
23,597
|
28,470
|
30,719
|
31,835
|
32,332
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
5.074
x
|
5.483
x
|
5.37
x
|
5.765
x
|
5.112
x
|
5.189
x
|
4.724
x
|
4.264
x
|
Free Cash Flow
|
1,472
|
-6.08
|
2,996
|
457
|
-
|
-
|
-
|
-
|
ROE (net income / shareholders' equity)
|
6.97%
|
5.39%
|
8.97%
|
7.75%
|
5.74%
|
4.36%
|
4.87%
|
6.07%
|
ROA (Net income/ Total Assets)
|
3.99%
|
3.07%
|
5.12%
|
4.59%
|
3.38%
|
2.23%
|
2.52%
|
3%
|
Assets
1 |
39,225
|
48,049
|
57,306
|
73,192
|
90,460
|
114,680
|
123,171
|
112,210
|
Book Value Per Share
2 |
35.30
|
43.20
|
45.20
|
57.60
|
57.50
|
65.50
|
60.30
|
56.10
|
Cash Flow per Share
|
3.460
|
3.000
|
3.920
|
5.080
|
5.650
|
-
|
-
|
-
|
Capex
1 |
1,185
|
2,943
|
3,139
|
3,669
|
4,091
|
4,805
|
4,665
|
3,942
|
Capex / Sales
|
41.86%
|
77.63%
|
75.67%
|
74.68%
|
60%
|
63.53%
|
56.33%
|
42.1%
|
Announcement Date
|
22/01/20
|
26/01/21
|
19/01/22
|
18/01/23
|
17/01/24
|
-
|
-
|
-
|
Average target price
133.8
USD Spread / Average Target +31.07% Consensus |
1st Jan change
|
Capi.
|
---|
| -23.44% | 94.48B | | +24.55% | 39.08B | | -23.69% | 9.31B | | -15.35% | 7.47B | | -27.42% | 6.24B | | -12.40% | 6.25B | | -13.76% | 6.01B | | -12.49% | 5.85B | | -12.56% | 5.23B | | -13.28% | 5.25B |
Industrial REITs
|