Market Closed -
London S.E.
16:35:29 26/04/2024 BST
|
5-day change
|
1st Jan Change
|
1,173
GBX
|
+1.08%
|
|
+2.85%
|
+0.04%
|
Fiscal Period: Settembre |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
7,530
|
7,877
|
7,401
|
7,077
|
10,112
|
11,733
|
-
|
-
|
Enterprise Value (EV)
1 |
7,923
|
8,028
|
7,648
|
7,810
|
10,673
|
12,343
|
12,094
|
11,714
|
P/E ratio
|
28.5
x
|
25.6
x
|
27.2
x
|
27.7
x
|
48.4
x
|
36.6
x
|
31
x
|
27.3
x
|
Yield
|
2.45%
|
2.39%
|
2.49%
|
2.64%
|
1.95%
|
1.75%
|
1.87%
|
1.93%
|
Capitalization / Revenue
|
3.89
x
|
4.14
x
|
4.01
x
|
3.63
x
|
4.63
x
|
4.94
x
|
4.51
x
|
4.12
x
|
EV / Revenue
|
4.09
x
|
4.22
x
|
4.14
x
|
4.01
x
|
4.89
x
|
5.2
x
|
4.65
x
|
4.11
x
|
EV / EBITDA
|
16.4
x
|
16.1
x
|
17.3
x
|
16.7
x
|
19.3
x
|
21.5
x
|
19.1
x
|
16.5
x
|
EV / FCF
|
18.4
x
|
21.9
x
|
22.7
x
|
26.5
x
|
26.4
x
|
25.7
x
|
23.4
x
|
20.6
x
|
FCF Yield
|
5.43%
|
4.56%
|
4.41%
|
3.78%
|
3.79%
|
3.89%
|
4.27%
|
4.85%
|
Price to Book
|
4.99
x
|
4.76
x
|
6.65
x
|
5.09
x
|
7.17
x
|
9.53
x
|
7.75
x
|
7
x
|
Nbr of stocks (in thousands)
|
1,089,054
|
1,092,754
|
1,043,006
|
1,015,010
|
1,022,463
|
1,000,293
|
-
|
-
|
Reference price
2 |
6.914
|
7.208
|
7.096
|
6.972
|
9.890
|
11.73
|
11.73
|
11.73
|
Announcement Date
|
20/11/19
|
20/11/20
|
17/11/21
|
16/11/22
|
22/11/23
|
-
|
-
|
-
|
Fiscal Period: September |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,936
|
1,903
|
1,846
|
1,947
|
2,184
|
2,375
|
2,602
|
2,848
|
EBITDA
1 |
483
|
498
|
443
|
468
|
553
|
574.2
|
632.6
|
709.2
|
EBIT
1 |
448
|
411
|
358
|
377
|
456
|
514.8
|
579.9
|
652.4
|
Operating Margin
|
23.14%
|
21.6%
|
19.39%
|
19.36%
|
20.88%
|
21.68%
|
22.29%
|
22.91%
|
Earnings before Tax (EBT)
1 |
361
|
373
|
347
|
337
|
282
|
422.3
|
499.2
|
569.2
|
Net income
1 |
266
|
310
|
285
|
260
|
211
|
320.1
|
377.7
|
432.3
|
Net margin
|
13.74%
|
16.29%
|
15.44%
|
13.35%
|
9.66%
|
13.48%
|
14.52%
|
15.18%
|
EPS
2 |
0.2429
|
0.2815
|
0.2608
|
0.2517
|
0.2043
|
0.3201
|
0.3783
|
0.4291
|
Free Cash Flow
1 |
430
|
366
|
337
|
295
|
404
|
479.9
|
516
|
568.5
|
FCF margin
|
22.21%
|
19.23%
|
18.26%
|
15.15%
|
18.5%
|
20.21%
|
19.83%
|
19.96%
|
FCF Conversion (EBITDA)
|
89.03%
|
73.49%
|
76.07%
|
63.03%
|
73.06%
|
83.58%
|
81.56%
|
80.16%
|
FCF Conversion (Net income)
|
161.65%
|
118.06%
|
118.25%
|
113.46%
|
191.47%
|
149.9%
|
136.59%
|
131.49%
|
Dividend per Share
2 |
0.1691
|
0.1725
|
0.1768
|
0.1840
|
0.1930
|
0.2055
|
0.2195
|
0.2264
|
Announcement Date
|
20/11/19
|
20/11/20
|
17/11/21
|
16/11/22
|
22/11/23
|
-
|
-
|
-
|
Fiscal Period: September |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
---|
Net sales
1 |
979
|
975
|
928
|
937
|
909
|
934
|
1,013
|
1,087
|
1,097
|
1,154
|
1,198
|
EBITDA
|
-
|
256
|
242
|
-
|
-
|
-
|
242
|
-
|
-
|
-
|
-
|
EBIT
1 |
230
|
218
|
193
|
191
|
167
|
183
|
194
|
227
|
229
|
248.2
|
258.9
|
Operating Margin
|
23.49%
|
22.36%
|
20.8%
|
20.38%
|
18.37%
|
19.59%
|
19.15%
|
20.88%
|
20.88%
|
21.51%
|
21.61%
|
Earnings before Tax (EBT)
1 |
163
|
275
|
98
|
190
|
157
|
189
|
148
|
139
|
142
|
203.2
|
213.9
|
Net income
1 |
112
|
224
|
86
|
146
|
139
|
152
|
108
|
100
|
111
|
152.4
|
160.4
|
Net margin
|
11.44%
|
22.97%
|
9.27%
|
15.58%
|
15.29%
|
16.27%
|
10.66%
|
9.2%
|
10.12%
|
13.21%
|
13.39%
|
EPS
2 |
-
|
0.2042
|
-
|
0.1319
|
0.1289
|
0.1468
|
0.1049
|
0.0966
|
0.1077
|
0.1497
|
0.1584
|
Dividend per Share
|
-
|
0.0593
|
-
|
-
|
-
|
0.0630
|
-
|
0.0655
|
-
|
-
|
-
|
Announcement Date
|
20/11/19
|
13/05/20
|
20/11/20
|
14/05/21
|
17/11/21
|
13/05/22
|
16/11/22
|
17/05/23
|
22/11/23
|
-
|
-
|
Fiscal Period: September |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
393
|
151
|
247
|
733
|
561
|
609
|
360
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
19.5
|
Leverage (Debt/EBITDA)
|
0.8137
x
|
0.3032
x
|
0.5576
x
|
1.566
x
|
1.014
x
|
1.061
x
|
0.5697
x
|
-
|
Free Cash Flow
1 |
430
|
366
|
337
|
295
|
404
|
480
|
516
|
568
|
ROE (net income / shareholders' equity)
|
18.8%
|
19.6%
|
20.6%
|
21%
|
23.5%
|
25.4%
|
28.6%
|
30.4%
|
ROA (Net income/ Total Assets)
|
9.27%
|
8.77%
|
8.09%
|
7.28%
|
8.4%
|
7.81%
|
9.29%
|
9.83%
|
Assets
1 |
2,870
|
3,534
|
3,522
|
3,571
|
2,512
|
4,100
|
4,064
|
4,399
|
Book Value Per Share
2 |
1.380
|
1.510
|
1.070
|
1.370
|
1.380
|
1.230
|
1.510
|
1.680
|
Cash Flow per Share
2 |
0.4300
|
0.3700
|
0.3400
|
0.2800
|
0.3700
|
0.4500
|
0.5600
|
0.5800
|
Capex
1 |
42
|
40
|
39
|
12
|
5
|
28
|
26.7
|
31
|
Capex / Sales
|
2.17%
|
2.1%
|
2.11%
|
0.62%
|
0.23%
|
1.18%
|
1.03%
|
1.09%
|
Announcement Date
|
20/11/19
|
20/11/20
|
17/11/21
|
16/11/22
|
22/11/23
|
-
|
-
|
-
|
Last Close Price
11.73
GBP Average target price
12.05
GBP Spread / Average Target +2.70% Consensus |
1st Jan change
|
Capi.
|
---|
| +0.04% | 14.61B | | +11.17% | 322B | | +24.75% | 216B | | +2.41% | 149B | | +10.65% | 56.27B | | +8.71% | 32.13B | | -4.57% | 27.45B | | +103.03% | 22.62B | | +20.57% | 19.55B | | +13.06% | 14.69B |
Enterprise Software
|