Real-time Estimate
Tradegate
13:26:18 2024-06-27 EDT
|
5-day change
|
1st Jan Change
|
390.9
EUR
|
-1.78%
|
|
-0.23%
|
+10.82%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
44,811
|
54,518
|
72,609
|
51,033
|
71,475
|
76,634
|
-
|
-
|
Enterprise Value (EV)
1 |
48,462
|
58,244
|
78,120
|
56,563
|
76,283
|
80,981
|
80,702
|
80,277
|
P/E ratio
|
32
x
|
30.9
x
|
33.2
x
|
37.4
x
|
44.7
x
|
42.1
x
|
36.7
x
|
31.5
x
|
Yield
|
0.84%
|
0.77%
|
0.63%
|
1%
|
-
|
0.82%
|
0.89%
|
1.02%
|
Capitalization / Revenue
|
9.28
x
|
10.2
x
|
11.7
x
|
9.33
x
|
12.1
x
|
11.7
x
|
10.8
x
|
9.87
x
|
EV / Revenue
|
10
x
|
10.8
x
|
12.6
x
|
10.3
x
|
12.9
x
|
12.4
x
|
11.3
x
|
10.3
x
|
EV / EBITDA
|
21.2
x
|
21.8
x
|
25.2
x
|
24.3
x
|
29.4
x
|
26.8
x
|
24
x
|
21.5
x
|
EV / FCF
|
30.2
x
|
28.5
x
|
41.9
x
|
47.5
x
|
40.6
x
|
39.1
x
|
35
x
|
29.6
x
|
FCF Yield
|
3.31%
|
3.51%
|
2.39%
|
2.11%
|
2.46%
|
2.56%
|
2.86%
|
3.38%
|
Price to Book
|
54.5
x
|
31.2
x
|
26.7
x
|
19.1
x
|
21.7
x
|
20
x
|
17.7
x
|
16.1
x
|
Nbr of stocks (in thousands)
|
188,751
|
187,838
|
185,900
|
183,162
|
183,007
|
182,609
|
-
|
-
|
Reference price
2 |
237.4
|
290.2
|
390.6
|
278.6
|
390.6
|
419.7
|
419.7
|
419.7
|
Announcement Date
|
20-02-12
|
21-02-12
|
22-02-10
|
23-01-31
|
24-02-13
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
4,829
|
5,371
|
6,218
|
5,468
|
5,916
|
6,550
|
7,119
|
7,767
|
EBITDA
1 |
2,291
|
2,667
|
3,101
|
2,328
|
2,597
|
3,020
|
3,368
|
3,736
|
EBIT
1 |
1,998
|
2,388
|
2,844
|
1,883
|
2,137
|
2,579
|
2,882
|
3,295
|
Operating Margin
|
41.38%
|
44.46%
|
45.74%
|
34.44%
|
36.12%
|
39.37%
|
40.48%
|
42.43%
|
Earnings before Tax (EBT)
1 |
1,810
|
2,229
|
2,755
|
1,760
|
1,935
|
2,347
|
2,655
|
3,027
|
Net income
1 |
1,422
|
1,778
|
2,214
|
1,374
|
1,607
|
1,819
|
2,059
|
2,357
|
Net margin
|
29.45%
|
33.1%
|
35.61%
|
25.13%
|
27.16%
|
27.77%
|
28.92%
|
30.34%
|
EPS
2 |
7.420
|
9.390
|
11.78
|
7.440
|
8.730
|
9.976
|
11.43
|
13.32
|
Free Cash Flow
1 |
1,606
|
2,043
|
1,866
|
1,191
|
1,880
|
2,070
|
2,307
|
2,711
|
FCF margin
|
33.26%
|
38.04%
|
30.01%
|
21.78%
|
31.78%
|
31.59%
|
32.41%
|
34.91%
|
FCF Conversion (EBITDA)
|
70.1%
|
76.6%
|
60.17%
|
51.16%
|
72.39%
|
68.52%
|
68.52%
|
72.57%
|
FCF Conversion (Net income)
|
112.94%
|
114.9%
|
84.28%
|
86.68%
|
116.99%
|
113.75%
|
112.06%
|
115.06%
|
Dividend per Share
2 |
2.000
|
2.240
|
2.480
|
2.800
|
-
|
3.443
|
3.737
|
4.264
|
Announcement Date
|
20-02-12
|
21-02-12
|
22-02-10
|
23-01-31
|
24-02-13
|
-
|
-
|
-
|
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 |
1,539
|
1,522
|
1,381
|
1,275
|
1,290
|
1,470
|
1,494
|
1,472
|
1,480
|
1,786
|
1,635
|
1,573
|
1,558
|
1,831
|
1,770
|
EBITDA
1 |
589
|
734
|
620
|
497
|
477
|
656
|
653
|
657
|
631
|
906
|
757.7
|
689.5
|
673.2
|
915.2
|
824.3
|
EBIT
1 |
514
|
656
|
508
|
413
|
306
|
554
|
550
|
535
|
498
|
801
|
652.8
|
569.6
|
538.5
|
825
|
710.2
|
Operating Margin
|
33.4%
|
43.1%
|
36.78%
|
32.39%
|
23.72%
|
37.69%
|
36.81%
|
36.35%
|
33.65%
|
44.85%
|
39.93%
|
36.21%
|
34.56%
|
45.07%
|
40.12%
|
Earnings before Tax (EBT)
1 |
516
|
609
|
443
|
381
|
327
|
506
|
492
|
487
|
450
|
752
|
591.7
|
513.8
|
489.3
|
782.2
|
665.6
|
Net income
1 |
427
|
498
|
327
|
303
|
246
|
501
|
377
|
389
|
340
|
577
|
460.1
|
397.6
|
375.2
|
602.7
|
512
|
Net margin
|
27.75%
|
32.72%
|
23.68%
|
23.76%
|
19.07%
|
34.08%
|
25.23%
|
26.43%
|
22.97%
|
32.31%
|
28.14%
|
25.27%
|
24.08%
|
32.92%
|
28.92%
|
EPS
2 |
2.280
|
2.680
|
1.770
|
1.650
|
1.340
|
2.720
|
2.050
|
2.110
|
1.850
|
3.150
|
2.521
|
2.201
|
2.052
|
3.228
|
2.838
|
Dividend per Share
2 |
0.6200
|
0.7000
|
0.7000
|
0.7000
|
0.7000
|
0.7700
|
0.7700
|
-
|
-
|
-
|
0.8500
|
0.8500
|
0.8500
|
0.4250
|
0.4250
|
Announcement Date
|
22-02-10
|
22-05-02
|
22-07-26
|
22-10-25
|
23-01-31
|
23-04-26
|
23-07-25
|
23-10-25
|
24-02-13
|
24-05-02
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
3,651
|
3,726
|
5,511
|
5,530
|
4,808
|
4,347
|
4,069
|
3,643
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.594
x
|
1.397
x
|
1.777
x
|
2.375
x
|
1.851
x
|
1.439
x
|
1.208
x
|
0.975
x
|
Free Cash Flow
1 |
1,606
|
2,043
|
1,866
|
1,191
|
1,880
|
2,070
|
2,307
|
2,711
|
ROE (net income / shareholders' equity)
|
214%
|
137%
|
98.7%
|
52.4%
|
55.1%
|
52.1%
|
55.2%
|
60.4%
|
ROA (Net income/ Total Assets)
|
16%
|
15.7%
|
17%
|
9.47%
|
11.1%
|
13%
|
14.2%
|
16.3%
|
Assets
1 |
8,861
|
11,337
|
12,987
|
14,514
|
14,491
|
14,028
|
14,541
|
14,485
|
Book Value Per Share
2 |
4.360
|
9.310
|
14.60
|
14.60
|
18.00
|
21.00
|
23.80
|
26.10
|
Cash Flow per Share
2 |
9.280
|
11.30
|
12.80
|
7.980
|
11.70
|
12.70
|
13.80
|
17.50
|
Capex
1 |
69
|
103
|
139
|
283
|
271
|
377
|
390
|
403
|
Capex / Sales
|
1.43%
|
1.92%
|
2.24%
|
5.18%
|
4.58%
|
5.76%
|
5.48%
|
5.19%
|
Announcement Date
|
20-02-12
|
21-02-12
|
22-02-10
|
23-01-31
|
24-02-13
|
-
|
-
|
-
|
Last Close Price
419.7
USD Average target price
410
USD Spread / Average Target -2.31% Consensus |
1st Jan change
|
Capi.
|
---|
| -6.15% | 3.63B | | +0.24% | 674M | | +10.36% | 376M | | +17.02% | 286M |
Rating Agencies
|