Real-time Estimate
Tradegate
11:40:25 2024-05-03 am EDT
|
5-day change
|
1st Jan Change
|
392.2
EUR
|
+1.24%
|
|
-5.36%
|
+6.29%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
113,883
|
137,919
|
176,328
|
160,663
|
199,149
|
201,718
|
-
|
-
|
Enterprise Value (EV)
1 |
125,139
|
150,319
|
187,712
|
173,141
|
213,858
|
217,443
|
217,606
|
217,958
|
P/E ratio
|
50.8
x
|
55.9
x
|
47.3
x
|
39.6
x
|
32.6
x
|
29.3
x
|
26.7
x
|
22.8
x
|
Yield
|
1.64%
|
1.46%
|
1.22%
|
1.43%
|
1.24%
|
1.3%
|
1.43%
|
1.56%
|
Capitalization / Revenue
|
4.03
x
|
5.06
x
|
5.73
x
|
4.82
x
|
6.06
x
|
5.91
x
|
5.56
x
|
5.23
x
|
EV / Revenue
|
4.43
x
|
5.52
x
|
6.1
x
|
5.19
x
|
6.51
x
|
6.37
x
|
5.99
x
|
5.65
x
|
EV / EBITDA
|
15.3
x
|
17.4
x
|
18.4
x
|
15.9
x
|
17.6
x
|
16.9
x
|
15.8
x
|
14.7
x
|
EV / FCF
|
51.3
x
|
37.3
x
|
28.3
x
|
30.4
x
|
38.8
x
|
40
x
|
34
x
|
30.1
x
|
FCF Yield
|
1.95%
|
2.68%
|
3.54%
|
3.29%
|
2.58%
|
2.5%
|
2.94%
|
3.32%
|
Price to Book
|
2.32
x
|
2.91
x
|
4
x
|
4.07
x
|
5.09
x
|
4.9
x
|
4.89
x
|
4.8
x
|
Nbr of stocks (in thousands)
|
534,914
|
523,393
|
508,987
|
492,561
|
484,890
|
480,716
|
-
|
-
|
Reference price
2 |
212.9
|
263.5
|
346.4
|
326.2
|
410.7
|
419.6
|
419.6
|
419.6
|
Announcement Date
|
2/13/20
|
2/5/21
|
2/10/22
|
2/7/23
|
2/6/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
28,228
|
27,243
|
30,793
|
33,364
|
32,854
|
34,152
|
36,302
|
38,596
|
EBITDA
1 |
8,178
|
8,645
|
10,179
|
10,873
|
12,133
|
12,849
|
13,741
|
14,815
|
EBIT
1 |
5,272
|
5,797
|
7,176
|
7,900
|
9,070
|
9,811
|
10,393
|
11,340
|
Operating Margin
|
18.68%
|
21.28%
|
23.3%
|
23.68%
|
27.61%
|
28.73%
|
28.63%
|
29.38%
|
Earnings before Tax (EBT)
1 |
2,927
|
3,384
|
5,099
|
5,543
|
7,988
|
8,319
|
8,995
|
10,254
|
Net income
1 |
2,285
|
2,501
|
3,826
|
4,147
|
6,199
|
6,843
|
7,266
|
8,138
|
Net margin
|
8.09%
|
9.18%
|
12.42%
|
12.43%
|
18.87%
|
20.04%
|
20.01%
|
21.09%
|
EPS
2 |
4.190
|
4.710
|
7.330
|
8.230
|
12.59
|
14.33
|
15.73
|
18.41
|
Free Cash Flow
1 |
2,437
|
4,029
|
6,639
|
5,691
|
5,518
|
5,442
|
6,405
|
7,231
|
FCF margin
|
8.63%
|
14.79%
|
21.56%
|
17.06%
|
16.8%
|
15.93%
|
17.64%
|
18.74%
|
FCF Conversion (EBITDA)
|
29.8%
|
46.6%
|
65.22%
|
52.34%
|
45.48%
|
42.35%
|
46.62%
|
48.81%
|
FCF Conversion (Net income)
|
106.65%
|
161.1%
|
173.52%
|
137.23%
|
89.01%
|
79.53%
|
88.16%
|
88.86%
|
Dividend per Share
2 |
3.500
|
3.850
|
4.240
|
4.680
|
5.100
|
5.465
|
6.010
|
6.529
|
Announcement Date
|
2/13/20
|
2/5/21
|
2/10/22
|
2/7/23
|
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 |
7,668
|
8,298
|
8,211
|
8,457
|
8,797
|
7,899
|
8,193
|
8,204
|
8,155
|
8,302
|
8,100
|
8,485
|
8,597
|
8,756
|
8,913
|
EBITDA
1 |
2,559
|
2,597
|
2,663
|
2,746
|
2,739
|
2,725
|
2,963
|
3,059
|
3,074
|
3,037
|
3,116
|
3,185
|
3,269
|
3,265
|
3,349
|
EBIT
1 |
1,810
|
1,841
|
1,905
|
2,000
|
2,010
|
2,000
|
2,206
|
2,286
|
2,306
|
2,272
|
2,341
|
2,424
|
2,491
|
2,475
|
2,532
|
Operating Margin
|
23.6%
|
22.19%
|
23.2%
|
23.65%
|
22.85%
|
25.32%
|
26.93%
|
27.86%
|
28.28%
|
27.37%
|
28.9%
|
28.57%
|
28.98%
|
28.27%
|
28.41%
|
Earnings before Tax (EBT)
1 |
-
|
1,355
|
1,535
|
646
|
1,648
|
1,714
|
1,941
|
2,004
|
2,047
|
1,996
|
2,080
|
-
|
-
|
-
|
-
|
Net income
1 |
979
|
1,026
|
1,174
|
372
|
1,273
|
1,328
|
1,516
|
1,575
|
1,565
|
1,543
|
1,627
|
1,769
|
1,804
|
1,790
|
1,740
|
Net margin
|
12.77%
|
12.36%
|
14.3%
|
4.4%
|
14.47%
|
16.81%
|
18.5%
|
19.2%
|
19.19%
|
18.59%
|
20.09%
|
20.85%
|
20.98%
|
20.44%
|
19.52%
|
EPS
2 |
1.880
|
1.980
|
2.300
|
0.7400
|
2.540
|
2.670
|
3.060
|
3.190
|
3.190
|
3.160
|
3.350
|
3.411
|
3.583
|
3.533
|
3.641
|
Dividend per Share
2 |
1.060
|
1.060
|
1.170
|
1.170
|
1.170
|
1.170
|
-
|
-
|
1.275
|
1.275
|
1.397
|
1.397
|
1.397
|
1.397
|
1.527
|
Announcement Date
|
10/28/21
|
2/10/22
|
4/28/22
|
7/28/22
|
10/27/22
|
2/7/23
|
4/27/23
|
7/27/23
|
10/26/23
|
2/6/24
|
5/2/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
11,256
|
12,400
|
11,384
|
12,478
|
14,709
|
15,429
|
15,851
|
15,983
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.376
x
|
1.434
x
|
1.118
x
|
1.148
x
|
1.212
x
|
1.196
x
|
1.153
x
|
1.078
x
|
Free Cash Flow
1 |
2,437
|
4,029
|
6,639
|
5,691
|
5,518
|
5,442
|
6,405
|
7,231
|
ROE (net income / shareholders' equity)
|
7.95%
|
9.07%
|
12.2%
|
14.7%
|
15.5%
|
18.9%
|
19.8%
|
24.4%
|
ROA (Net income/ Total Assets)
|
4.45%
|
5%
|
6.57%
|
7.68%
|
7.73%
|
9.26%
|
9.83%
|
13.8%
|
Assets
1 |
51,373
|
50,020
|
58,235
|
53,976
|
80,235
|
73,914
|
73,980
|
59,040
|
Book Value Per Share
2 |
91.80
|
90.40
|
86.60
|
80.10
|
80.70
|
83.50
|
85.90
|
87.40
|
Cash Flow per Share
2 |
11.20
|
14.00
|
18.60
|
17.60
|
18.90
|
21.90
|
23.40
|
25.40
|
Capex
1 |
3,682
|
3,400
|
3,086
|
3,173
|
3,787
|
4,444
|
4,502
|
4,691
|
Capex / Sales
|
13.04%
|
12.48%
|
10.02%
|
9.51%
|
11.53%
|
12.93%
|
12.38%
|
12.14%
|
Announcement Date
|
2/13/20
|
2/5/21
|
2/10/22
|
2/7/23
|
2/6/24
|
-
|
-
|
-
|
Last Close Price
419.6
USD Average target price
472.4
USD Spread / Average Target +12.57% Consensus |
1st Jan change
|
Capi.
|
---|
| -11.00% | 54.17B | | +24.42% | 13.22B | | +46.92% | 8.66B | | -6.47% | 3.71B | | +25.54% | 3.4B | | +23.07% | 3.52B | | -7.39% | 1.92B | | +3.58% | 1.66B | | -22.08% | 1.24B |
Industrial Gas
|