Market Closed -
London S.E.
16:35:23 14/05/2024 BST
|
5-day change
|
1st Jan Change
|
3,732
GBX
|
-0.11%
|
|
-0.37%
|
+19.62%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
8,113
|
9,753
|
12,464
|
8,884
|
9,283
|
11,285
|
-
|
-
|
Enterprise Value (EV)
1 |
11,610
|
12,128
|
15,349
|
11,876
|
12,123
|
13,938
|
13,535
|
13,085
|
P/E ratio
|
17.1
x
|
16.9
x
|
18.6
x
|
9.55
x
|
12.3
x
|
13.2
x
|
11.5
x
|
10.5
x
|
Yield
|
3.18%
|
4.42%
|
2.59%
|
4.03%
|
4.23%
|
3.72%
|
3.99%
|
4.14%
|
Capitalization / Revenue
|
0.9
x
|
1.14
x
|
1.23
x
|
0.69
x
|
0.82
x
|
1
x
|
0.95
x
|
0.92
x
|
EV / Revenue
|
1.28
x
|
1.42
x
|
1.52
x
|
0.93
x
|
1.08
x
|
1.23
x
|
1.14
x
|
1.07
x
|
EV / EBITDA
|
7.04
x
|
8.03
x
|
9.02
x
|
5.04
x
|
5.83
x
|
6.81
x
|
6.05
x
|
5.6
x
|
EV / FCF
|
21.1
x
|
16.1
x
|
33.7
x
|
21.8
x
|
19.3
x
|
24.9
x
|
16.9
x
|
14.2
x
|
FCF Yield
|
4.75%
|
6.22%
|
2.96%
|
4.59%
|
5.18%
|
4.01%
|
5.92%
|
7.04%
|
Price to Book
|
2.74
x
|
2.41
x
|
2.84
x
|
1.8
x
|
1.66
x
|
1.89
x
|
1.72
x
|
1.58
x
|
Nbr of stocks (in thousands)
|
236,817
|
256,388
|
257,299
|
257,059
|
258,721
|
259,188
|
-
|
-
|
Reference price
2 |
34.26
|
38.04
|
48.44
|
34.56
|
35.88
|
43.54
|
43.54
|
43.54
|
Announcement Date
|
05/02/20
|
10/02/21
|
09/02/22
|
08/02/23
|
07/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
9,048
|
8,530
|
10,107
|
12,815
|
11,272
|
11,308
|
11,828
|
12,236
|
EBITDA
1 |
1,650
|
1,510
|
1,702
|
2,355
|
2,080
|
2,048
|
2,236
|
2,337
|
EBIT
1 |
1,062
|
922
|
1,073
|
1,662
|
1,403
|
1,355
|
1,520
|
1,589
|
Operating Margin
|
11.74%
|
10.81%
|
10.62%
|
12.97%
|
12.45%
|
11.98%
|
12.85%
|
12.99%
|
Earnings before Tax (EBT)
1 |
677
|
748
|
913
|
1,293
|
1,055
|
1,196
|
1,328
|
1,400
|
Net income
1 |
476
|
545
|
679
|
944
|
758
|
865.1
|
978.3
|
1,052
|
Net margin
|
5.26%
|
6.39%
|
6.72%
|
7.37%
|
6.72%
|
7.65%
|
8.27%
|
8.59%
|
EPS
2 |
2.000
|
2.257
|
2.611
|
3.618
|
2.912
|
3.302
|
3.774
|
4.135
|
Free Cash Flow
1 |
551
|
754
|
455
|
545
|
628
|
558.8
|
801.1
|
920.8
|
FCF margin
|
6.09%
|
8.84%
|
4.5%
|
4.25%
|
5.57%
|
4.94%
|
6.77%
|
7.53%
|
FCF Conversion (EBITDA)
|
33.39%
|
49.93%
|
26.73%
|
23.14%
|
30.19%
|
27.29%
|
35.83%
|
39.4%
|
FCF Conversion (Net income)
|
115.76%
|
138.35%
|
67.01%
|
57.73%
|
82.85%
|
64.6%
|
81.89%
|
87.56%
|
Dividend per Share
2 |
1.088
|
1.683
|
1.254
|
1.392
|
1.519
|
1.618
|
1.739
|
1.802
|
Announcement Date
|
05/02/20
|
10/02/21
|
09/02/22
|
08/02/23
|
07/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q4
|
2022 S2
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 S2
|
2024 S1
|
2024 S2
|
---|
Net sales
|
4,426
|
4,203
|
4,327
|
4,679
|
2,820
|
5,428
|
-
|
3,361
|
6,385
|
3,091
|
6,430
|
2,842
|
5,837
|
-
|
5,435
|
5,390
|
5,761
|
EBITDA
1 |
803
|
735
|
775
|
781
|
467
|
921
|
514
|
660
|
1,174
|
588
|
1,181
|
534
|
1,113
|
512
|
967
|
937
|
1,063
|
EBIT
|
504
|
450
|
472
|
477
|
-
|
596
|
-
|
-
|
839
|
-
|
823
|
-
|
779
|
-
|
624
|
587
|
713
|
Operating Margin
|
11.39%
|
10.71%
|
10.91%
|
10.19%
|
-
|
10.98%
|
-
|
-
|
13.14%
|
-
|
12.8%
|
-
|
13.35%
|
-
|
11.48%
|
10.89%
|
12.38%
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
-
|
-
|
1.093
|
1.192
|
-
|
1.419
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
0.8090
|
0.8090
|
0.8740
|
0.2930
|
-
|
0.9610
|
-
|
-
|
0.3160
|
-
|
-
|
-
|
0.3350
|
-
|
1.184
|
0.3400
|
1.180
|
Announcement Date
|
05/02/20
|
29/07/20
|
10/02/21
|
28/07/21
|
09/02/22
|
09/02/22
|
27/04/22
|
27/07/22
|
27/07/22
|
08/02/23
|
08/02/23
|
02/08/23
|
02/08/23
|
05/11/23
|
07/02/24
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
3,497
|
2,375
|
2,885
|
2,992
|
2,840
|
2,653
|
2,250
|
1,800
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.119
x
|
1.573
x
|
1.695
x
|
1.27
x
|
1.365
x
|
1.295
x
|
1.006
x
|
0.7704
x
|
Free Cash Flow
1 |
551
|
754
|
455
|
545
|
628
|
559
|
801
|
921
|
ROE (net income / shareholders' equity)
|
22.7%
|
16.9%
|
16.7%
|
20.1%
|
14.3%
|
14.8%
|
15.4%
|
15.4%
|
ROA (Net income/ Total Assets)
|
-
|
-
|
6.17%
|
7.81%
|
6.04%
|
6.77%
|
7.41%
|
7.72%
|
Assets
1 |
-
|
-
|
10,998
|
12,095
|
12,550
|
12,787
|
13,211
|
13,628
|
Book Value Per Share
2 |
12.50
|
15.80
|
17.00
|
19.30
|
21.60
|
23.10
|
25.30
|
27.50
|
Cash Flow per Share
2 |
4.930
|
5.170
|
3.790
|
5.560
|
5.830
|
5.910
|
6.700
|
7.330
|
Capex
1 |
612
|
493
|
693
|
970
|
1,056
|
904
|
807
|
775
|
Capex / Sales
|
6.76%
|
5.78%
|
6.86%
|
7.57%
|
9.37%
|
7.99%
|
6.83%
|
6.33%
|
Announcement Date
|
05/02/20
|
10/02/21
|
09/02/22
|
08/02/23
|
07/02/24
|
-
|
-
|
-
|
Last Close Price
43.54
EUR Average target price
48.11
EUR Spread / Average Target +10.50% Consensus |
1st Jan change
|
Capi.
|
---|
| +11.50% | 16.17B | | +10.24% | 13.73B | | +8.54% | 11.19B | | -5.84% | 8.74B | | +15.54% | 8.63B | | +0.16% | 8.02B | | +20.40% | 6.35B | | +8.47% | 5.87B | | +7.51% | 5.11B |
Other Paper Packaging
|