Real-time Estimate
Cboe BZX
20:41:27 27/06/2024 BST
|
5-day change
|
1st Jan Change
|
117.2
USD
|
-0.73%
|
|
+1.05%
|
-5.72%
|
Fiscal Period: February |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
2027
|
---|
Capitalization
1 |
5,066
|
5,489
|
4,763
|
5,705
|
6,717
|
6,046
|
-
|
-
|
Enterprise Value (EV)
1 |
6,799
|
7,833
|
7,175
|
7,970
|
8,722
|
7,968
|
7,857
|
7,744
|
P/E ratio
|
22.9
x
|
26.5
x
|
17.5
x
|
19.4
x
|
14.5
x
|
18.7
x
|
16.5
x
|
14.8
x
|
Yield
|
1.69%
|
1.57%
|
1.77%
|
-
|
-
|
1.28%
|
1.33%
|
1.39%
|
Capitalization / Revenue
|
0.79
x
|
0.78
x
|
0.64
x
|
0.74
x
|
0.9
x
|
0.81
x
|
0.79
x
|
0.77
x
|
EV / Revenue
|
1.07
x
|
1.11
x
|
0.97
x
|
1.03
x
|
1.17
x
|
1.07
x
|
1.03
x
|
0.98
x
|
EV / EBITDA
|
12.6
x
|
12.5
x
|
10.5
x
|
11.7
x
|
13.1
x
|
11.5
x
|
10.9
x
|
10.3
x
|
EV / FCF
|
15.6
x
|
11
x
|
14.9
x
|
15.7
x
|
23.6
x
|
16.1
x
|
15.2
x
|
14.1
x
|
FCF Yield
|
6.43%
|
9.05%
|
6.72%
|
6.36%
|
4.23%
|
6.23%
|
6.56%
|
7.1%
|
Price to Book
|
3.59
x
|
3.55
x
|
2.89
x
|
-
|
-
|
3.38
x
|
3.25
x
|
-
|
Nbr of stocks (in thousands)
|
57,724
|
58,224
|
56,941
|
54,629
|
52,063
|
51,231
|
-
|
-
|
Reference price
2 |
87.77
|
94.27
|
83.65
|
104.4
|
129.0
|
118.0
|
118.0
|
118.0
|
Announcement Date
|
26/03/20
|
25/03/21
|
28/03/22
|
03/04/23
|
18/03/24
|
-
|
-
|
-
|
Fiscal Period: February |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
2027
|
---|
Net sales
1 |
6,379
|
7,056
|
7,394
|
7,704
|
7,444
|
7,440
|
7,663
|
7,900
|
EBITDA
1 |
538
|
627
|
686
|
680
|
668
|
690.4
|
720.1
|
753.9
|
EBIT
1 |
410
|
445
|
519
|
526
|
519
|
572.1
|
585.5
|
642
|
Operating Margin
|
6.43%
|
6.31%
|
7.02%
|
6.83%
|
6.97%
|
7.69%
|
7.64%
|
8.13%
|
Earnings before Tax (EBT)
1 |
286
|
271
|
358
|
375
|
620
|
419.5
|
454.4
|
488.9
|
Net income
1 |
226
|
209
|
277
|
300
|
477
|
324.2
|
350.9
|
378.1
|
Net margin
|
3.54%
|
2.96%
|
3.75%
|
3.89%
|
6.41%
|
4.36%
|
4.58%
|
4.79%
|
EPS
2 |
3.830
|
3.560
|
4.770
|
5.380
|
8.880
|
6.315
|
7.157
|
7.973
|
Free Cash Flow
1 |
437
|
709
|
482
|
507
|
369
|
496.3
|
515.2
|
549.5
|
FCF margin
|
6.85%
|
10.05%
|
6.52%
|
6.58%
|
4.96%
|
6.67%
|
6.72%
|
6.96%
|
FCF Conversion (EBITDA)
|
81.23%
|
113.08%
|
70.26%
|
74.56%
|
55.24%
|
71.88%
|
71.55%
|
72.89%
|
FCF Conversion (Net income)
|
193.36%
|
339.23%
|
174.01%
|
169%
|
77.36%
|
153.09%
|
146.83%
|
145.33%
|
Dividend per Share
2 |
1.480
|
1.480
|
1.480
|
-
|
-
|
1.506
|
1.565
|
1.635
|
Announcement Date
|
26/03/20
|
25/03/21
|
28/03/22
|
03/04/23
|
18/03/24
|
-
|
-
|
-
|
Fiscal Period: February |
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
2025 Q3
|
2025 Q4
|
2026 Q1
|
2026 Q2
|
---|
Net sales
1 |
1,782
|
1,996
|
1,831
|
1,909
|
1,968
|
2,028
|
1,784
|
1,895
|
1,737
|
1,847
|
1,787
|
1,960
|
1,845
|
1,905
|
1,847
|
EBITDA
1 |
146
|
173
|
166
|
170
|
171
|
189
|
174
|
178
|
127
|
166
|
161.5
|
186.8
|
175.7
|
175.9
|
170.8
|
EBIT
1 |
106
|
134
|
125
|
136
|
131
|
152
|
134
|
144
|
89
|
131
|
130.7
|
155.5
|
145.4
|
138.5
|
133.9
|
Operating Margin
|
5.95%
|
6.71%
|
6.83%
|
7.12%
|
6.66%
|
7.5%
|
7.51%
|
7.6%
|
5.12%
|
7.09%
|
7.31%
|
7.93%
|
7.88%
|
7.27%
|
7.25%
|
Earnings before Tax (EBT)
1 |
57
|
95
|
95
|
100
|
85
|
123
|
335
|
114
|
48
|
95
|
94.92
|
120.8
|
108.8
|
106.5
|
104.2
|
Net income
1 |
43
|
73
|
73
|
80
|
74
|
98
|
247
|
93
|
39
|
77
|
72.36
|
92.05
|
81.63
|
82.29
|
80.5
|
Net margin
|
2.41%
|
3.66%
|
3.99%
|
4.19%
|
3.76%
|
4.83%
|
13.85%
|
4.91%
|
2.25%
|
4.17%
|
4.05%
|
4.7%
|
4.42%
|
4.32%
|
4.36%
|
EPS
2 |
0.7600
|
1.290
|
1.300
|
1.450
|
1.340
|
1.790
|
4.560
|
1.760
|
0.7400
|
1.480
|
1.400
|
1.798
|
1.608
|
1.650
|
1.635
|
Dividend per Share
2 |
0.3700
|
0.3700
|
0.3700
|
0.3700
|
-
|
-
|
0.3700
|
-
|
-
|
0.3700
|
0.3850
|
0.3850
|
0.3850
|
0.3700
|
-
|
Announcement Date
|
28/03/22
|
06/06/22
|
01/09/22
|
05/12/22
|
03/04/23
|
05/06/23
|
07/09/23
|
04/12/23
|
18/03/24
|
03/06/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: February |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
2027
|
---|
Net Debt
1 |
1,733
|
2,344
|
2,412
|
2,265
|
2,005
|
1,922
|
1,810
|
1,698
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
3.221
x
|
3.738
x
|
3.516
x
|
3.331
x
|
3.001
x
|
2.784
x
|
2.514
x
|
2.253
x
|
Free Cash Flow
1 |
437
|
709
|
482
|
507
|
369
|
496
|
515
|
550
|
ROE (net income / shareholders' equity)
|
23%
|
24.9%
|
26.7%
|
25.4%
|
24.3%
|
23.9%
|
25.4%
|
28.5%
|
ROA (Net income/ Total Assets)
|
7.2%
|
7.06%
|
7.37%
|
7.46%
|
7.79%
|
7.87%
|
8.33%
|
-
|
Assets
1 |
3,138
|
2,962
|
3,761
|
4,019
|
6,121
|
4,117
|
4,211
|
-
|
Book Value Per Share
2 |
24.40
|
26.50
|
28.90
|
-
|
-
|
35.00
|
36.30
|
-
|
Cash Flow per Share
2 |
-
|
-
|
8.920
|
9.620
|
7.370
|
10.40
|
11.40
|
-
|
Capex
1 |
21
|
46
|
36
|
25
|
27
|
29.3
|
31.9
|
30.5
|
Capex / Sales
|
0.33%
|
0.65%
|
0.49%
|
0.32%
|
0.36%
|
0.39%
|
0.42%
|
0.39%
|
Announcement Date
|
26/03/20
|
25/03/21
|
28/03/22
|
03/04/23
|
18/03/24
|
-
|
-
|
-
|
Average target price
133.9
USD Spread / Average Target +13.45% Consensus |
1st Jan change
|
Capi.
|
---|
| -5.71% | 6.05B | | -13.55% | 191B | | +3.71% | 167B | | +4.73% | 158B | | +1.82% | 97.42B | | +52.62% | 92.57B | | +17.49% | 84.74B | | +1.97% | 76.34B | | -0.76% | 46.78B | | -32.71% | 43.24B |
Other IT Services & Consulting
|