Real-time Estimate
Cboe BZX
11:14:46 2024-05-14 am EDT
|
5-day change
|
1st Jan Change
|
33.15
USD
|
+1.53%
|
|
+1.09%
|
+6.36%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,905
|
3,248
|
4,823
|
3,451
|
3,469
|
3,760
|
-
|
-
|
Enterprise Value (EV)
1 |
1,119
|
420.4
|
1,943
|
1,768
|
2,748
|
3,760
|
3,760
|
3,760
|
P/E ratio
|
12.2
x
|
11.7
x
|
12.6
x
|
12.8
x
|
13.3
x
|
11.2
x
|
9.7
x
|
10.6
x
|
Yield
|
8.36%
|
8.62%
|
7.99%
|
8.58%
|
8.67%
|
9.22%
|
10.7%
|
10.8%
|
Capitalization / Revenue
|
0.83
x
|
0.88
x
|
1.09
x
|
0.85
x
|
1.03
x
|
1.1
x
|
1.05
x
|
0.94
x
|
EV / Revenue
|
0.83
x
|
0.88
x
|
1.09
x
|
0.85
x
|
1.03
x
|
1.1
x
|
1.05
x
|
0.94
x
|
EV / EBITDA
|
3
x
|
3.07
x
|
3.83
x
|
3.4
x
|
3.32
x
|
3.4
x
|
3.04
x
|
2.88
x
|
EV / FCF
|
3.63
x
|
-
|
3.9
x
|
3.26
x
|
4.14
x
|
8.62
x
|
7.02
x
|
12.2
x
|
FCF Yield
|
27.5%
|
-
|
25.6%
|
30.7%
|
24.2%
|
11.6%
|
14.3%
|
8.22%
|
Price to Book
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Nbr of stocks (in thousands)
|
95,992
|
96,175
|
98,754
|
100,401
|
111,797
|
115,164
|
-
|
-
|
Reference price
2 |
30.26
|
33.77
|
48.84
|
34.37
|
31.03
|
32.65
|
32.65
|
32.65
|
Announcement Date
|
2/12/20
|
2/11/21
|
2/11/22
|
2/8/23
|
2/6/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,518
|
3,709
|
4,442
|
4,054
|
3,372
|
3,405
|
3,590
|
3,990
|
EBITDA
1 |
969
|
1,056
|
1,259
|
1,014
|
1,043
|
1,105
|
1,238
|
1,304
|
EBIT
1 |
802.4
|
918
|
1,214
|
947.2
|
951.2
|
1,049
|
1,155
|
1,216
|
Operating Margin
|
22.81%
|
24.75%
|
27.34%
|
23.36%
|
28.21%
|
30.82%
|
32.18%
|
30.47%
|
Earnings before Tax (EBT)
1 |
823.4
|
907.4
|
1,216
|
815.1
|
817.7
|
990.4
|
985.1
|
1,018
|
Net income
1 |
238.6
|
279.4
|
385.9
|
274.2
|
264.2
|
328.3
|
371
|
306
|
Net margin
|
6.78%
|
7.53%
|
8.69%
|
6.76%
|
7.83%
|
9.64%
|
10.34%
|
7.67%
|
EPS
2 |
2.490
|
2.880
|
3.880
|
2.690
|
2.340
|
2.910
|
3.365
|
3.070
|
Free Cash Flow
1 |
799.2
|
-
|
1,237
|
1,059
|
838.7
|
436
|
536
|
309
|
FCF margin
|
22.71%
|
-
|
27.85%
|
26.12%
|
24.87%
|
12.81%
|
14.93%
|
7.74%
|
FCF Conversion (EBITDA)
|
82.48%
|
-
|
98.22%
|
104.45%
|
80.38%
|
39.47%
|
43.31%
|
23.7%
|
FCF Conversion (Net income)
|
335%
|
-
|
320.53%
|
386.23%
|
317.45%
|
132.81%
|
144.46%
|
100.98%
|
Dividend per Share
2 |
2.530
|
2.910
|
3.900
|
2.950
|
2.690
|
3.012
|
3.489
|
3.515
|
Announcement Date
|
2/12/20
|
2/11/21
|
2/11/22
|
2/8/23
|
2/6/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q3
|
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
|
---|
Net sales
1 |
1,093
|
-
|
-
|
-
|
987
|
990.2
|
832.6
|
822.6
|
845.8
|
870.9
|
884.2
|
813.8
|
827.8
|
879.2
|
849.7
|
EBITDA
1 |
313.4
|
439.3
|
296.2
|
-
|
226.6
|
253.9
|
247.7
|
-
|
-
|
-
|
290.7
|
251.6
|
263.8
|
295.3
|
-
|
EBIT
1 |
280.7
|
394.4
|
285
|
225.8
|
204.4
|
231.9
|
224.8
|
221.9
|
236.9
|
253.9
|
267.4
|
256.4
|
270.8
|
293.5
|
278.6
|
Operating Margin
|
25.69%
|
-
|
-
|
-
|
20.71%
|
23.42%
|
27%
|
26.98%
|
28%
|
29.15%
|
30.25%
|
31.51%
|
32.72%
|
33.38%
|
32.79%
|
Earnings before Tax (EBT)
1 |
279.6
|
392.6
|
248.4
|
-
|
-
|
-
|
215.3
|
188.7
|
175.2
|
238.5
|
242
|
244.2
|
231.6
|
258.2
|
-
|
Net income
1 |
88.68
|
125.2
|
85.93
|
-
|
56.32
|
63.78
|
67.44
|
60.56
|
56.99
|
79.2
|
77.22
|
73.41
|
78
|
88.32
|
-
|
Net margin
|
8.11%
|
-
|
-
|
-
|
5.71%
|
6.44%
|
8.1%
|
7.36%
|
6.74%
|
9.09%
|
8.73%
|
9.02%
|
9.42%
|
10.05%
|
-
|
EPS
2 |
0.8900
|
1.270
|
0.8700
|
-
|
0.5600
|
0.5900
|
0.5900
|
0.5300
|
0.5000
|
0.7100
|
0.6700
|
0.6400
|
0.6800
|
0.7700
|
-
|
Dividend per Share
2 |
0.8900
|
1.290
|
0.9000
|
-
|
0.6400
|
0.7000
|
0.6600
|
0.6100
|
0.6500
|
-
|
0.7500
|
0.6900
|
0.7800
|
0.8600
|
0.8600
|
Announcement Date
|
10/28/21
|
2/11/22
|
4/29/22
|
7/29/22
|
10/28/22
|
2/8/23
|
4/26/23
|
7/27/23
|
10/26/23
|
2/6/24
|
4/25/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
|
1,786
|
2,827
|
2,880
|
1,682
|
721
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
799
|
-
|
1,237
|
1,059
|
839
|
436
|
536
|
309
|
ROE (net income / shareholders' equity)
|
6.01%
|
6.93%
|
9.33%
|
6.36%
|
5.93%
|
7.15%
|
8.7%
|
7.7%
|
ROA (Net income/ Total Assets)
|
2.73%
|
3.06%
|
3.82%
|
2.53%
|
2.55%
|
3.5%
|
3.6%
|
3%
|
Assets
1 |
8,748
|
9,134
|
10,104
|
10,825
|
10,360
|
9,380
|
10,307
|
10,200
|
Book Value Per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Cash Flow per Share
2 |
-
|
15.70
|
4.780
|
11.00
|
7.720
|
4.300
|
5.550
|
3.550
|
Capex
1 |
28.3
|
41.5
|
61.9
|
62.3
|
33.6
|
42.5
|
52.5
|
45.8
|
Capex / Sales
|
0.8%
|
1.12%
|
1.39%
|
1.54%
|
1%
|
1.25%
|
1.46%
|
1.15%
|
Announcement Date
|
2/12/20
|
2/11/21
|
2/11/22
|
2/8/23
|
2/6/24
|
-
|
-
|
-
|
Last Close Price
32.65
USD Average target price
39.33
USD Spread / Average Target +20.47% Consensus |
1st Jan change
|
Capi.
|
---|
| +5.77% | 3.76B | | -5.41% | 92.72B | | +22.33% | 88.95B | | +20.06% | 27.29B | | -2.71% | 18.29B | | +16.07% | 15.67B | | +3.78% | 15.01B | | -18.29% | 12.6B | | +14.76% | 9.39B | | +24.80% | 9.21B |
Investment Management
|