Financials Legrand

Equities

LR

FR0010307819

Electrical Components & Equipment

Market Closed - Euronext Paris 11:39:04 2024-04-26 EDT 5-day change 1st Jan Change
97.84 EUR +2.24% Intraday chart for Legrand +2.47% +3.97%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,391 19,515 27,448 19,952 24,667 25,577 - -
Enterprise Value (EV) 1 21,872 22,118 29,973 22,271 26,673 27,158 26,642 26,226
P/E ratio 23.4 x 28.8 x 30.6 x 20.1 x 21.9 x 22.5 x 21.4 x 19.8 x
Yield 1.84% 1.84% 1.38% 2.21% 2.02% 2.17% 2.32% 2.52%
Capitalization / Revenue 2.93 x 3.2 x 3.92 x 2.39 x 2.93 x 3.01 x 2.88 x 2.73 x
EV / Revenue 3.3 x 3.63 x 4.29 x 2.67 x 3.17 x 3.2 x 3 x 2.8 x
EV / EBITDA 14.2 x 15.8 x 18.2 x 12 x 13.6 x 13.5 x 12.6 x 11.6 x
EV / FCF 20.9 x 21.5 x 31.5 x 21.5 x 16.8 x 20.1 x 18.7 x 17.1 x
FCF Yield 4.77% 4.65% 3.18% 4.65% 5.94% 4.97% 5.35% 5.85%
Price to Book 3.83 x 3.99 x 4.81 x 3.01 x 3.74 x 3.54 x 3.28 x 3.01 x
Nbr of stocks (in thousands) 266,945 267,328 266,749 266,669 262,133 261,417 - -
Reference price 2 72.64 73.00 102.9 74.82 94.10 97.84 97.84 97.84
Announcement Date 20-02-13 21-02-11 22-02-10 23-02-09 24-02-15 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,622 6,100 6,994 8,339 8,417 8,493 8,868 9,375
EBITDA 1 1,544 1,400 1,650 1,859 1,962 2,006 2,110 2,259
EBIT 1 1,326 1,156 1,434 1,702 1,770 1,727 1,827 1,966
Operating Margin 20.02% 18.95% 20.5% 20.4% 21.03% 20.33% 20.6% 20.97%
Earnings before Tax (EBT) 1 1,156 961.9 1,257 1,383 1,550 1,562 1,656 1,769
Net income 1 834.8 681.2 904.5 999.5 1,148 1,151 1,224 1,327
Net margin 12.61% 11.17% 12.93% 11.99% 13.65% 13.56% 13.8% 14.16%
EPS 2 3.103 2.531 3.366 3.726 4.304 4.356 4.576 4.929
Free Cash Flow 1 1,044 1,029 952.4 1,036 1,585 1,349 1,424 1,535
FCF margin 15.77% 16.87% 13.62% 12.42% 18.83% 15.89% 16.06% 16.38%
FCF Conversion (EBITDA) 67.64% 73.52% 57.7% 55.7% 80.79% 67.27% 67.52% 67.96%
FCF Conversion (Net income) 125.1% 151.07% 105.3% 103.6% 137.99% 117.18% 116.36% 115.66%
Dividend per Share 2 1.340 1.340 1.420 1.650 1.900 2.121 2.267 2.467
Announcement Date 20-02-13 21-02-11 22-02-10 23-02-09 24-02-15 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 S1 2025 S2
Net sales 1 3,396 2,833 - 3,453 1,715 1,826 3,541 1,972 2,120 4,092 2,061 2,186 4,247 2,150 2,145 4,295 2,012 2,110 4,122 2,076 2,124 4,257 2,070 2,187 4,235 2,212 4,408 4,404
EBITDA 1 - 496.9 - - - - - 456.4 495.8 - 459.5 447.2 - 535 531.1 - 465.2 430.4 895.6 478.9 489.3 - 485.3 491.5 - - - -
EBIT 1 663.5 496.9 - 761.4 345.3 327.3 - 401.2 436.6 837.8 402.5 461.2 863.7 477.2 477.5 954.7 408.8 406.7 815.5 423.9 426.8 881.7 418.6 430.7 869.2 449.6 921.4 916.9
Operating Margin 19.54% 17.54% - 22.05% 20.13% 17.93% - 20.34% 20.59% 20.47% 19.53% 21.1% 20.34% 22.2% 22.26% 22.23% 20.31% 19.28% 19.78% 20.42% 20.09% 20.71% 20.23% 19.69% 20.52% 20.32% 20.9% 20.82%
Earnings before Tax (EBT) 1 - 401 - - 304.4 279.7 - 354.2 397.1 - 361.1 270.9 - 446.2 434 - 387.1 282.3 669.4 363.3 369.8 - 363.4 381.5 - - - -
Net income 1 419.5 285.7 - 481.3 217.7 205.5 423.2 258.3 289.8 548.1 263.6 187.8 451.4 330.5 320.5 651 286.2 211.3 497.5 287.5 285 624.7 287 297.9 633.4 367.9 700.2 677
Net margin 12.35% 10.09% - 13.94% 12.69% 11.26% 11.95% 13.1% 13.67% 13.39% 12.79% 8.59% 10.63% 15.37% 14.94% 15.16% 14.22% 10.02% 12.07% 13.85% 13.42% 14.67% 13.86% 13.62% 14.95% 16.63% 15.88% 15.37%
EPS 2 - 1.060 - 1.788 0.8120 0.7660 - 0.9620 1.078 2.040 0.9840 0.7020 1.686 1.232 1.220 2.450 1.053 0.8010 1.850 1.155 1.122 2.450 1.118 1.126 2.380 1.380 2.630 2.540
Dividend per Share 2 - - - 1.420 - - - - 1.650 1.650 - - - - 1.900 - - - - - 1.050 - - 0.8490 - - - -
Announcement Date 20-02-13 20-07-31 21-02-11 21-07-30 21-11-04 22-02-10 22-02-10 22-05-05 22-07-29 22-07-29 22-11-03 23-02-09 23-02-09 23-05-04 23-07-31 23-07-31 23-11-08 24-02-15 24-02-15 - - - - - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,481 2,603 2,524 2,319 2,006 1,581 1,065 649
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.607 x 1.86 x 1.529 x 1.247 x 1.023 x 0.7885 x 0.5047 x 0.2872 x
Free Cash Flow 1 1,044 1,029 952 1,036 1,585 1,349 1,424 1,535
ROE (net income / shareholders' equity) 17.2% 13.6% 17% 16.2% 19.2% 17.1% 16.6% 16.6%
ROA (Net income/ Total Assets) 7.54% 5.51% 6.72% 7.03% 8.76% 7.94% 8.09% 8.38%
Assets 1 11,065 12,365 13,467 14,221 13,117 14,510 15,123 15,846
Book Value Per Share 2 19.00 18.30 21.40 24.90 25.20 27.70 29.80 32.50
Cash Flow per Share 2 4.610 4.320 4.140 4.610 6.880 5.570 6.390 6.840
Capex 1 195 133 171 178 253 228 238 263
Capex / Sales 2.95% 2.18% 2.44% 2.13% 3.01% 2.68% 2.68% 2.8%
Announcement Date 20-02-13 21-02-11 22-02-10 23-02-09 24-02-15 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
18
Last Close Price
97.84 EUR
Average target price
95.83 EUR
Spread / Average Target
-2.05%
Consensus