Projected Income Statement: Legrand SA

Forecast Balance Sheet: Legrand SA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 2,524 2,319 2,006 3,006 4,223 4,857 4,397 3,951
Change - -8.12% -13.5% 49.85% 40.49% 15.02% -9.47% -10.14%
Announcement Date 2/10/22 2/9/23 2/15/24 2/13/25 2/12/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Legrand SA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 170.5 177.6 253.3 239.6 248.7 279 295 312.7
Change - 4.16% 42.62% -5.41% 3.8% 12.18% 5.73% 6.02%
Free Cash Flow (FCF) 1 952.4 1,036 1,585 1,290 1,331 1,553 1,739 1,923
Change - 8.73% 53.05% -18.57% 3.12% 16.7% 11.99% 10.55%
Announcement Date 2/10/22 2/9/23 2/15/24 2/13/25 2/12/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Legrand SA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 23.6% 22.29% 23.31% 23.67% 23.78% 23.55% 23.91% 24.07%
EBIT Margin (%) 20.5% 20.4% 21.03% 20.53% 20.7% 20.5% 20.78% 21.02%
EBT Margin (%) 17.97% 16.59% 18.41% 18.24% 17.84% 18.21% 19.1% 19.54%
Net margin (%) 12.93% 11.99% 13.65% 13.49% 13.13% 13.25% 13.67% 14.17%
FCF margin (%) 13.62% 12.42% 18.83% 14.92% 14.04% 14.1% 14.42% 14.68%
FCF / Net Income (%) 105.3% 103.6% 137.99% 110.64% 106.93% 106.44% 105.46% 103.65%

Profitability

        
ROA 6.72% 7.03% 8.76% 7.56% 7.39% 8.28% 8.86% 9.27%
ROE 17.05% 16.18% 19.17% 16.37% 16.79% 20.16% 19.78% 19.46%

Financial Health

        
Leverage (Debt/EBITDA) 1.53x 1.25x 1.02x 1.47x 1.87x 1.87x 1.52x 1.25x
Debt / Free cash flow 2.65x 2.24x 1.27x 2.33x 3.17x 3.13x 2.53x 2.05x

Capital Intensity

        
CAPEX / Current Assets (%) 2.44% 2.13% 3.01% 2.77% 2.62% 2.53% 2.45% 2.39%
CAPEX / EBITDA (%) 10.33% 9.55% 12.91% 11.7% 11.03% 10.76% 10.23% 9.92%
CAPEX / FCF (%) 17.9% 17.15% 15.98% 18.57% 18.69% 17.96% 16.96% 16.27%

Items per share

        
Cash flow per share 1 4.141 4.608 6.882 5.776 5.961 6.746 7.605 8.337
Change - 11.27% 49.35% -16.06% 3.19% 13.17% 12.74% 9.63%
Dividend per Share 1 1.42 1.65 1.9 2.09 2.2 2.725 3.051 3.346
Change - 16.2% 15.15% 10% 5.26% 23.84% 11.99% 9.66%
Book Value Per Share 1 21.37 24.88 25.19 28.56 - 31.26 34.75 38.66
Change - 16.38% 1.28% 13.35% - - 11.18% 11.24%
EPS 1 3.366 3.726 4.304 4.423 4.705 5.514 6.25 6.947
Change - 10.7% 15.51% 2.76% 6.38% 17.2% 13.35% 11.15%
Nbr of stocks (in thousands) 266,749 266,669 262,133 262,145 261,662 262,136 262,136 262,136
Announcement Date 2/10/22 2/9/23 2/15/24 2/13/25 2/12/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 25.4x 22.4x
PBR 4.49x 4.03x
EV / Sales 3.78x 3.41x
Yield 1.94% 2.18%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
140.20EUR
Average target price
162.84EUR
Spread / Average Target
+16.15%

Quarterly revenue - Rate of surprise