Real-time Estimate
Tradegate
03:07:45 2024-06-17 EDT
|
5-day change
|
1st Jan Change
|
241.4
EUR
|
-0.21%
|
|
+3.02%
|
+20.41%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
17,763
|
23,792
|
35,169
|
39,752
|
48,554
|
56,430
|
-
|
-
|
Enterprise Value (EV)
1 |
21,764
|
27,672
|
40,821
|
45,524
|
55,548
|
63,301
|
62,889
|
65,986
|
P/E ratio
|
27.1
x
|
29.5
x
|
38.8
x
|
36.3
x
|
50.9
x
|
34.8
x
|
30.3
x
|
26.6
x
|
Yield
|
1.81%
|
1.46%
|
1.13%
|
1.08%
|
0.98%
|
0.93%
|
0.99%
|
1.06%
|
Capitalization / Revenue
|
2.52
x
|
3.47
x
|
4.35
x
|
4.72
x
|
4.89
x
|
4.87
x
|
4.4
x
|
3.91
x
|
EV / Revenue
|
3.08
x
|
4.04
x
|
5.05
x
|
5.41
x
|
5.6
x
|
5.46
x
|
4.9
x
|
4.58
x
|
EV / EBITDA
|
16.2
x
|
16.3
x
|
20.1
x
|
17.8
x
|
18.5
x
|
17.5
x
|
15.5
x
|
14.3
x
|
EV / FCF
|
22.2
x
|
-
|
25.9
x
|
23.4
x
|
30.2
x
|
27.8
x
|
21.9
x
|
20.3
x
|
FCF Yield
|
4.5%
|
-
|
3.86%
|
4.27%
|
3.31%
|
3.6%
|
4.58%
|
4.93%
|
Price to Book
|
3.44
x
|
3.84
x
|
4.16
x
|
4.37
x
|
4.52
x
|
4.59
x
|
3.97
x
|
4.06
x
|
Nbr of stocks (in thousands)
|
186,523
|
192,322
|
207,278
|
210,840
|
215,911
|
218,516
|
-
|
-
|
Reference price
2 |
95.23
|
123.7
|
169.7
|
188.5
|
224.9
|
258.2
|
258.2
|
258.2
|
Announcement Date
|
20-01-30
|
21-01-28
|
22-01-27
|
23-01-26
|
24-01-25
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
7,056
|
6,852
|
8,076
|
8,420
|
9,926
|
11,593
|
12,830
|
14,423
|
EBITDA
1 |
1,341
|
1,699
|
2,029
|
2,554
|
3,010
|
3,607
|
4,050
|
4,603
|
EBIT
1 |
-
|
-
|
1,523
|
2,002
|
2,313
|
3,275
|
3,743
|
4,316
|
Operating Margin
|
-
|
-
|
18.85%
|
23.77%
|
23.3%
|
28.25%
|
29.17%
|
29.93%
|
Earnings before Tax (EBT)
1 |
626.1
|
870.9
|
975.1
|
1,327
|
1,185
|
2,076
|
2,403
|
2,561
|
Net income
1 |
668.8
|
818.8
|
906.8
|
1,114
|
969.5
|
1,649
|
1,882
|
2,125
|
Net margin
|
9.48%
|
11.95%
|
11.23%
|
13.23%
|
9.77%
|
14.22%
|
14.67%
|
14.74%
|
EPS
2 |
3.520
|
4.200
|
4.370
|
5.190
|
4.420
|
7.413
|
8.536
|
9.695
|
Free Cash Flow
1 |
980.4
|
-
|
1,576
|
1,943
|
1,838
|
2,276
|
2,877
|
3,254
|
FCF margin
|
13.89%
|
-
|
19.51%
|
23.07%
|
18.52%
|
19.63%
|
22.43%
|
22.56%
|
FCF Conversion (EBITDA)
|
73.1%
|
-
|
77.65%
|
76.06%
|
61.08%
|
63.1%
|
71.04%
|
70.7%
|
FCF Conversion (Net income)
|
146.59%
|
-
|
173.74%
|
174.36%
|
189.59%
|
138.06%
|
152.91%
|
153.12%
|
Dividend per Share
2 |
1.720
|
1.800
|
1.920
|
2.040
|
2.200
|
2.407
|
2.567
|
2.732
|
Announcement Date
|
20-01-30
|
21-01-28
|
22-01-27
|
23-01-26
|
24-01-25
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
1,941
|
2,404
|
2,008
|
2,012
|
1,995
|
2,673
|
2,407
|
2,454
|
2,393
|
3,218
|
2,790
|
2,843
|
2,734
|
3,576
|
2,943
|
EBITDA
1 |
436.1
|
856.5
|
579.8
|
589.7
|
528.1
|
958.3
|
675.7
|
706.5
|
669
|
1,146
|
820.3
|
841.6
|
782.8
|
1,291
|
915
|
EBIT
1 |
-
|
696.7
|
439.5
|
444.2
|
385.3
|
798.9
|
500
|
546.4
|
479.3
|
999.3
|
771.5
|
809
|
752.3
|
1,261
|
878
|
Operating Margin
|
-
|
28.97%
|
21.88%
|
22.08%
|
19.31%
|
29.89%
|
20.77%
|
22.27%
|
20.03%
|
31.05%
|
27.65%
|
28.46%
|
27.52%
|
35.25%
|
29.84%
|
Earnings before Tax (EBT)
1 |
113
|
537.7
|
352.3
|
315
|
122
|
605.8
|
297.4
|
364.1
|
-82.2
|
772.7
|
424.9
|
442.3
|
380.7
|
887
|
523.3
|
Net income
1 |
109.4
|
438.7
|
284.2
|
255.8
|
135.5
|
486.5
|
234.5
|
280.7
|
-32.2
|
608.4
|
350.8
|
365.4
|
321.2
|
703.6
|
407.6
|
Net margin
|
5.64%
|
18.24%
|
14.15%
|
12.71%
|
6.79%
|
18.2%
|
9.74%
|
11.44%
|
-1.35%
|
18.91%
|
12.57%
|
12.85%
|
11.75%
|
19.68%
|
13.85%
|
EPS
2 |
0.5100
|
2.050
|
1.330
|
1.190
|
0.6300
|
2.240
|
1.070
|
1.280
|
-0.1500
|
2.740
|
1.592
|
1.650
|
1.436
|
3.170
|
1.899
|
Dividend per Share
2 |
0.4800
|
0.5100
|
0.5100
|
0.5100
|
0.5100
|
0.5500
|
0.5500
|
0.5500
|
0.5500
|
0.6000
|
0.6000
|
0.6000
|
0.6000
|
0.6375
|
0.6367
|
Announcement Date
|
22-01-27
|
22-04-28
|
22-07-28
|
22-10-27
|
23-01-26
|
23-04-27
|
23-07-27
|
23-10-26
|
24-01-25
|
24-04-25
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
4,002
|
3,880
|
5,653
|
5,772
|
6,994
|
6,871
|
6,460
|
9,557
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.984
x
|
2.284
x
|
2.786
x
|
2.26
x
|
2.324
x
|
1.905
x
|
1.595
x
|
2.076
x
|
Free Cash Flow
1 |
980
|
-
|
1,576
|
1,943
|
1,838
|
2,276
|
2,877
|
3,254
|
ROE (net income / shareholders' equity)
|
14.4%
|
14.3%
|
15.5%
|
18.8%
|
19.3%
|
20%
|
20.1%
|
21.6%
|
ROA (Net income/ Total Assets)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Assets
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Book Value Per Share
2 |
27.70
|
32.20
|
40.80
|
43.10
|
49.70
|
56.30
|
65.10
|
63.60
|
Cash Flow per Share
2 |
-
|
8.990
|
8.220
|
9.900
|
9.260
|
12.10
|
12.60
|
-
|
Capex
1 |
139
|
-
|
129
|
183
|
194
|
149
|
183
|
192
|
Capex / Sales
|
1.97%
|
-
|
1.59%
|
2.17%
|
1.95%
|
1.28%
|
1.42%
|
1.33%
|
Announcement Date
|
20-01-30
|
21-01-28
|
22-01-27
|
23-01-26
|
24-01-25
|
-
|
-
|
-
|
Last Close Price
258.2
USD Average target price
266.3
USD Spread / Average Target +3.11% Consensus |
1st Jan change
|
Capi.
|
---|
| +1.50% | 64.23B | | +5.84% | 26.1B | | +26.68% | 25.7B | | +12.25% | 8.11B | | +21.90% | 6.24B | | -7.04% | 3.93B | | 0.00% | 3.72B | | +10.16% | 2.36B | | +38.72% | 2.2B |
Insurance Brokers
|