Market Closed -
Borsa Italiana
16:44:59 26/04/2024 BST
|
5-day change
|
1st Jan Change
|
4.309
EUR
|
+0.84%
|
|
+0.58%
|
-7.43%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
15,468
|
14,886
|
17,332
|
15,173
|
15,607
|
14,451
|
-
|
-
|
Enterprise Value (EV)
1 |
27,391
|
27,778
|
31,353
|
27,096
|
30,877
|
31,660
|
32,481
|
33,217
|
P/E ratio
|
14.2
x
|
14
x
|
11.8
x
|
22.5
x
|
-
|
12.2
x
|
11.8
x
|
11.5
x
|
Yield
|
5.07%
|
5.42%
|
4.94%
|
6.08%
|
-
|
6.73%
|
6.92%
|
7.14%
|
Capitalization / Revenue
|
5.8
x
|
5.37
x
|
5.26
x
|
4.32
x
|
3.64
x
|
3.42
x
|
3.21
x
|
3.02
x
|
EV / Revenue
|
10.3
x
|
10
x
|
9.51
x
|
7.71
x
|
7.2
x
|
7.48
x
|
7.21
x
|
6.93
x
|
EV / EBITDA
|
12.6
x
|
12.6
x
|
13.9
x
|
12.1
x
|
12.8
x
|
11.7
x
|
11.4
x
|
11
x
|
EV / FCF
|
55
x
|
64.5
x
|
334
x
|
9.72
x
|
-17.8
x
|
-24.7
x
|
151
x
|
120
x
|
FCF Yield
|
1.82%
|
1.55%
|
0.3%
|
10.3%
|
-5.6%
|
-4.05%
|
0.66%
|
0.83%
|
Price to Book
|
2.47
x
|
2.33
x
|
2.41
x
|
2.05
x
|
-
|
1.83
x
|
1.8
x
|
1.74
x
|
Nbr of stocks (in thousands)
|
3,300,800
|
3,235,375
|
3,270,216
|
3,351,746
|
3,352,756
|
3,353,613
|
-
|
-
|
Reference price
2 |
4.686
|
4.601
|
5.300
|
4.527
|
4.655
|
4.309
|
4.309
|
4.309
|
Announcement Date
|
19/03/20
|
18/03/21
|
17/03/22
|
16/03/23
|
14/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
2,665
|
2,770
|
3,297
|
3,515
|
4,288
|
4,232
|
4,505
|
4,790
|
EBITDA
1 |
2,169
|
2,197
|
2,250
|
2,237
|
2,417
|
2,696
|
2,859
|
3,029
|
EBIT
1 |
1,417
|
1,424
|
1,430
|
1,364
|
1,477
|
1,695
|
1,778
|
1,857
|
Operating Margin
|
53.17%
|
51.41%
|
43.37%
|
38.81%
|
34.44%
|
40.07%
|
39.47%
|
38.76%
|
Earnings before Tax (EBT)
1 |
1,465
|
1,471
|
1,615
|
1,050
|
1,534
|
1,603
|
1,650
|
1,683
|
Net income
1 |
1,090
|
1,101
|
1,496
|
671
|
1,135
|
1,192
|
1,231
|
1,270
|
Net margin
|
40.9%
|
39.75%
|
45.37%
|
19.09%
|
26.47%
|
28.17%
|
27.32%
|
26.51%
|
EPS
2 |
0.3300
|
0.3290
|
0.4480
|
0.2010
|
-
|
0.3544
|
0.3651
|
0.3756
|
Free Cash Flow
1 |
498
|
431
|
94
|
2,787
|
-1,730
|
-1,283
|
215.3
|
276.8
|
FCF margin
|
18.69%
|
15.56%
|
2.85%
|
79.29%
|
-40.35%
|
-30.31%
|
4.78%
|
5.78%
|
FCF Conversion (EBITDA)
|
22.96%
|
19.62%
|
4.18%
|
124.59%
|
-
|
-
|
7.53%
|
9.14%
|
FCF Conversion (Net income)
|
45.69%
|
39.15%
|
6.28%
|
415.35%
|
-
|
-
|
17.49%
|
21.79%
|
Dividend per Share
2 |
0.2376
|
0.2495
|
0.2620
|
0.2751
|
-
|
0.2899
|
0.2981
|
0.3074
|
Announcement Date
|
19/03/20
|
18/03/21
|
17/03/22
|
16/03/23
|
14/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
---|
Net sales
1 |
1,346
|
1,527
|
807
|
963
|
838
|
842
|
1,680
|
868
|
967
|
979
|
1,115
|
2,094
|
1,051
|
1,143
|
1,136
|
1,235
|
1,235
|
1,070
|
-
|
EBITDA
|
1,107
|
1,163
|
553
|
534
|
588
|
567
|
1,155
|
551
|
531
|
597
|
624
|
1,221
|
641
|
555
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
733
|
762
|
353
|
315
|
376
|
352
|
728
|
337
|
299
|
372
|
394
|
766
|
405
|
306
|
393
|
472.5
|
472.5
|
340.1
|
-
|
Operating Margin
|
54.46%
|
49.9%
|
43.74%
|
32.71%
|
44.87%
|
41.81%
|
43.33%
|
38.82%
|
30.92%
|
38%
|
35.34%
|
36.58%
|
38.53%
|
26.77%
|
34.6%
|
38.25%
|
38.25%
|
31.78%
|
-
|
Earnings before Tax (EBT)
|
767
|
847
|
398
|
370
|
409
|
479
|
888
|
372
|
-210
|
407
|
-
|
-
|
455
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
572
|
878
|
339
|
279
|
312
|
374
|
686
|
286
|
-301
|
304
|
394
|
698
|
349
|
88
|
323.3
|
343.8
|
336.6
|
177.3
|
-
|
Net margin
|
42.5%
|
57.5%
|
42.01%
|
28.97%
|
37.23%
|
44.42%
|
40.83%
|
32.95%
|
-31.13%
|
31.05%
|
35.34%
|
33.33%
|
33.21%
|
7.7%
|
28.46%
|
27.83%
|
27.25%
|
16.57%
|
-
|
EPS
2 |
-
|
-
|
-
|
0.0900
|
0.0950
|
0.1100
|
-
|
0.0800
|
-0.0840
|
-
|
-
|
-
|
-
|
-
|
0.0962
|
0.1023
|
0.1002
|
0.0528
|
-
|
Dividend per Share
2 |
-
|
0.1000
|
-
|
0.1572
|
-
|
0.1048
|
-
|
-
|
0.1651
|
-
|
-
|
0.1100
|
-
|
-
|
0.0726
|
0.0726
|
0.0726
|
0.0726
|
0.0748
|
Announcement Date
|
30/07/20
|
29/07/21
|
04/11/21
|
17/03/22
|
12/05/22
|
27/07/22
|
27/07/22
|
10/11/22
|
16/03/23
|
11/05/23
|
27/07/23
|
27/07/23
|
09/11/23
|
14/03/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
11,923
|
12,892
|
14,021
|
11,923
|
15,270
|
17,209
|
18,030
|
18,766
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
5.497
x
|
5.868
x
|
6.232
x
|
5.33
x
|
6.318
x
|
6.383
x
|
6.307
x
|
6.194
x
|
Free Cash Flow
1 |
498
|
431
|
94
|
2,787
|
-1,730
|
-1,283
|
215
|
277
|
ROE (net income / shareholders' equity)
|
17.9%
|
17.3%
|
17.8%
|
15.9%
|
15%
|
15.2%
|
15.3%
|
15.5%
|
ROA (Net income/ Total Assets)
|
4.69%
|
4.43%
|
4.61%
|
3.91%
|
4.94%
|
3.48%
|
3.54%
|
3.57%
|
Assets
1 |
23,224
|
24,871
|
32,448
|
17,180
|
22,983
|
34,249
|
34,758
|
35,594
|
Book Value Per Share
2 |
1.890
|
1.980
|
2.200
|
2.210
|
-
|
2.350
|
2.400
|
2.480
|
Cash Flow per Share
2 |
0.4500
|
0.4800
|
0.4000
|
1.220
|
-
|
0.5700
|
0.7400
|
0.7200
|
Capex
1 |
988
|
1,166
|
1,244
|
1,322
|
1,796
|
2,879
|
2,324
|
2,135
|
Capex / Sales
|
37.07%
|
42.09%
|
37.73%
|
37.61%
|
41.88%
|
68.05%
|
51.59%
|
44.56%
|
Announcement Date
|
19/03/20
|
18/03/21
|
17/03/22
|
16/03/23
|
14/03/24
|
-
|
-
|
-
|
Last Close Price
4.309
EUR Average target price
5.074
EUR Spread / Average Target +17.75% Consensus |
1st Jan change
|
Capi.
|
---|
| -7.43% | 15.43B | | +15.65% | 53.75B | | +16.86% | 6.22B | | +34.97% | 5.96B | | 0.00% | 2.22B | | +34.17% | 1.65B | | -5.23% | 1.63B | | -1.23% | 1.11B | | -0.11% | 761M | | -.--% | 328M |
Natural Gas Pipeline
|