Market Closed -
Börse Stuttgart
09:31:48 10/05/2024 BST
|
5-day change
|
1st Jan Change
|
71.65
EUR
|
+3.17%
|
|
-4.34%
|
-15.06%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
15,543
|
24,267
|
34,359
|
27,324
|
29,200
|
24,719
|
-
|
-
|
Enterprise Value (EV)
1 |
17,066
|
25,504
|
37,870
|
31,223
|
29,200
|
26,647
|
27,469
|
28,341
|
P/E ratio
|
28
x
|
38.4
x
|
39.4
x
|
15.9
x
|
12.9
x
|
15.3
x
|
15.8
x
|
22.5
x
|
Yield
|
1.54%
|
1.07%
|
1.06%
|
4.58%
|
-
|
3.51%
|
3.33%
|
2.41%
|
Capitalization / Revenue
|
3.99
x
|
7.5
x
|
38.3
x
|
2.64
x
|
2.79
x
|
2.56
x
|
3.54
x
|
3.84
x
|
EV / Revenue
|
4.38
x
|
7.88
x
|
42.2
x
|
3.02
x
|
2.79
x
|
2.76
x
|
3.93
x
|
4.4
x
|
EV / EBITDA
|
14.4
x
|
19.7
x
|
24
x
|
9.88
x
|
6.5
x
|
8.52
x
|
9.04
x
|
11.8
x
|
EV / FCF
|
21
x
|
43.3
x
|
-50.1
x
|
33.6
x
|
-
|
38.1
x
|
25.9
x
|
132
x
|
FCF Yield
|
4.76%
|
2.31%
|
-2%
|
2.97%
|
-
|
2.62%
|
3.86%
|
0.76%
|
Price to Book
|
2.93
x
|
3.95
x
|
6.29
x
|
3.76
x
|
-
|
2.45
x
|
2.31
x
|
2.17
x
|
Nbr of stocks (in thousands)
|
347,416
|
347,416
|
347,416
|
347,416
|
347,416
|
347,416
|
-
|
-
|
Reference price
2 |
44.74
|
69.85
|
98.90
|
78.65
|
84.05
|
71.15
|
71.15
|
71.15
|
Announcement Date
|
18/03/20
|
16/03/21
|
17/03/22
|
16/03/23
|
14/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,895
|
3,235
|
896.9
|
10,346
|
10,450
|
9,670
|
6,991
|
6,441
|
EBITDA
1 |
1,184
|
1,293
|
1,579
|
3,161
|
4,490
|
3,129
|
3,040
|
2,395
|
EBIT
1 |
819.3
|
914
|
1,162
|
2,626
|
3,502
|
2,602
|
2,435
|
1,817
|
Operating Margin
|
21.03%
|
28.26%
|
129.52%
|
25.38%
|
33.51%
|
26.91%
|
34.83%
|
28.2%
|
Earnings before Tax (EBT)
1 |
812.5
|
962.8
|
1,264
|
2,532
|
3,557
|
2,516
|
2,377
|
1,614
|
Net income
1 |
554.8
|
631.4
|
873.6
|
1,717
|
2,266
|
1,618
|
1,564
|
1,102
|
Net margin
|
14.24%
|
19.52%
|
97.4%
|
16.6%
|
21.69%
|
16.73%
|
22.38%
|
17.11%
|
EPS
2 |
1.600
|
1.820
|
2.510
|
4.940
|
6.520
|
4.653
|
4.499
|
3.168
|
Free Cash Flow
1 |
813.1
|
588.6
|
-755.9
|
928.6
|
-
|
699.4
|
1,060
|
214.1
|
FCF margin
|
20.88%
|
18.2%
|
-84.28%
|
8.98%
|
-
|
7.23%
|
15.16%
|
3.32%
|
FCF Conversion (EBITDA)
|
68.71%
|
45.53%
|
-
|
29.38%
|
-
|
22.36%
|
34.87%
|
8.94%
|
FCF Conversion (Net income)
|
146.56%
|
93.22%
|
-
|
54.08%
|
-
|
43.23%
|
67.76%
|
19.43%
|
Dividend per Share
2 |
0.6900
|
0.7500
|
1.050
|
3.600
|
-
|
2.501
|
2.371
|
1.717
|
Announcement Date
|
18/03/20
|
16/03/21
|
17/03/22
|
16/03/23
|
14/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 S1
|
2021 Q4
|
2022 Q1
|
2022 S1
|
2022 Q3
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
|
-
|
1,001
|
-
|
-
|
-
|
-
|
3,263
|
3,424
|
6,686
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBITDA
|
639
|
654.9
|
428.4
|
814.9
|
1,379
|
554.4
|
967.3
|
1,288
|
2,255
|
1,294
|
883.4
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
435.2
|
459.1
|
-
|
705.7
|
1,184
|
437.5
|
841.4
|
1,147
|
1,988
|
1,158
|
744.7
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
45.85%
|
-
|
-
|
-
|
-
|
25.79%
|
33.49%
|
29.73%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
454.5
|
484.8
|
-
|
-
|
1,168
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
310.4
|
324.5
|
286.2
|
514.4
|
817.1
|
248.1
|
529
|
758.2
|
1,287
|
693.4
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
32.4%
|
-
|
-
|
-
|
-
|
16.21%
|
22.14%
|
19.25%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
0.8900
|
0.9300
|
-
|
-
|
2.350
|
-
|
1.520
|
2.190
|
-
|
2.000
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.6189
|
0.6189
|
0.6189
|
0.5604
|
0.5604
|
Announcement Date
|
30/07/20
|
29/07/21
|
17/03/22
|
12/05/22
|
28/07/22
|
09/11/22
|
11/05/23
|
29/07/23
|
29/07/23
|
02/11/23
|
08/05/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
1,523
|
1,237
|
3,511
|
3,898
|
-
|
1,928
|
2,751
|
3,622
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.287
x
|
0.9568
x
|
2.223
x
|
1.233
x
|
-
|
0.6164
x
|
0.9048
x
|
1.512
x
|
Free Cash Flow
1 |
813
|
589
|
-756
|
929
|
-
|
699
|
1,060
|
214
|
ROE (net income / shareholders' equity)
|
10.2%
|
10.8%
|
15%
|
26.5%
|
-
|
17.3%
|
15.3%
|
10.3%
|
ROA (Net income/ Total Assets)
|
3.68%
|
5.29%
|
6%
|
9.42%
|
-
|
7.58%
|
5.56%
|
4.14%
|
Assets
1 |
15,077
|
11,946
|
14,550
|
18,219
|
-
|
21,340
|
28,135
|
26,611
|
Book Value Per Share
2 |
15.30
|
17.70
|
15.70
|
20.90
|
-
|
29.10
|
30.80
|
32.80
|
Cash Flow per Share
2 |
3.470
|
3.430
|
0.2800
|
5.810
|
-
|
7.640
|
6.860
|
5.330
|
Capex
1 |
391
|
602
|
854
|
1,091
|
-
|
1,750
|
2,172
|
1,766
|
Capex / Sales
|
10.04%
|
18.62%
|
95.22%
|
10.55%
|
-
|
18.1%
|
31.07%
|
27.42%
|
Announcement Date
|
18/03/20
|
16/03/21
|
17/03/22
|
16/03/23
|
14/03/24
|
-
|
-
|
-
|
Mean consensus UNDERPERFORM Last Close Price
71.15
EUR Average target price
65.49
EUR Spread / Average Target -7.95% Consensus |
1st Jan change
|
Capi.
|
---|
| +21.49% | 152B | | +11.44% | 85.44B | | +2.86% | 82.74B | | +5.80% | 79.24B | | +0.37% | 73.89B | | +83.87% | 67.75B | | +12.79% | 48.29B | | 0.00% | 45.85B | | +12.91% | 44.48B |
Other Electric Utilities
|