Real-time Estimate
Tradegate
01:53:24 13/06/2024 pm IST
|
5-day change
|
1st Jan Change
|
20.98
EUR
|
+0.48%
|
|
-3.22%
|
+50.43%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
1,795
|
1,229
|
1,677
|
1,879
|
2,469
|
3,638
|
-
|
-
|
Enterprise Value (EV)
1 |
2,347
|
1,711
|
1,917
|
1,921
|
2,576
|
3,558
|
3,322
|
3,050
|
P/E ratio
|
14.8
x
|
-18.9
x
|
11.7
x
|
11
x
|
12.7
x
|
14
x
|
12.5
x
|
11.1
x
|
Yield
|
-
|
-
|
1.58%
|
2.35%
|
1.79%
|
1.44%
|
1.97%
|
1.86%
|
Capitalization / Revenue
|
0.56
x
|
0.4
x
|
0.49
x
|
0.49
x
|
0.57
x
|
0.77
x
|
0.73
x
|
0.69
x
|
EV / Revenue
|
0.73
x
|
0.56
x
|
0.57
x
|
0.5
x
|
0.59
x
|
0.76
x
|
0.67
x
|
0.58
x
|
EV / EBITDA
|
6.78
x
|
5.02
x
|
5.49
x
|
4.8
x
|
5.77
x
|
6.83
x
|
5.81
x
|
4.89
x
|
EV / FCF
|
42.8
x
|
12.7
x
|
6.63
x
|
7.6
x
|
8.25
x
|
13.3
x
|
11.6
x
|
9.25
x
|
FCF Yield
|
2.33%
|
7.88%
|
15.1%
|
13.2%
|
12.1%
|
7.5%
|
8.64%
|
10.8%
|
Price to Book
|
2.31
x
|
1.85
x
|
2.04
x
|
1.9
x
|
2.18
x
|
2.79
x
|
2.38
x
|
2.04
x
|
Nbr of stocks (in thousands)
|
1,76,308
|
1,76,128
|
1,76,105
|
1,76,395
|
1,76,384
|
1,74,256
|
-
|
-
|
Reference price
2 |
10.18
|
6.980
|
9.520
|
10.65
|
14.00
|
20.88
|
20.88
|
20.88
|
Announcement Date
|
27/02/20
|
24/02/21
|
23/02/22
|
28/02/23
|
28/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,204
|
3,043
|
3,390
|
3,851
|
4,343
|
4,712
|
4,993
|
5,290
|
EBITDA
1 |
346.2
|
340.7
|
349.1
|
400.3
|
446.1
|
520.9
|
571.8
|
623.1
|
EBIT
1 |
221
|
120.1
|
255.5
|
300.5
|
347
|
415.7
|
458.3
|
505.6
|
Operating Margin
|
6.9%
|
3.95%
|
7.54%
|
7.8%
|
7.99%
|
8.82%
|
9.18%
|
9.56%
|
Earnings before Tax (EBT)
1 |
177.6
|
-72.4
|
211.4
|
255.8
|
303.6
|
380.5
|
426
|
476
|
Net income
1 |
121.4
|
-65
|
143.4
|
171.9
|
205.8
|
267.7
|
301.3
|
339.3
|
Net margin
|
3.79%
|
-2.14%
|
4.23%
|
4.46%
|
4.74%
|
5.68%
|
6.03%
|
6.41%
|
EPS
2 |
0.6880
|
-0.3700
|
0.8140
|
0.9700
|
1.100
|
1.489
|
1.673
|
1.876
|
Free Cash Flow
1 |
54.78
|
134.9
|
289
|
252.8
|
312.4
|
267
|
287.2
|
329.8
|
FCF margin
|
1.71%
|
4.43%
|
8.52%
|
6.56%
|
7.19%
|
5.67%
|
5.75%
|
6.23%
|
FCF Conversion (EBITDA)
|
15.82%
|
39.59%
|
82.78%
|
63.15%
|
70.03%
|
51.25%
|
50.22%
|
52.93%
|
FCF Conversion (Net income)
|
45.12%
|
-
|
201.58%
|
147.06%
|
151.83%
|
99.75%
|
95.3%
|
97.2%
|
Dividend per Share
2 |
-
|
-
|
0.1500
|
0.2500
|
0.2500
|
0.3010
|
0.4105
|
0.3891
|
Announcement Date
|
27/02/20
|
24/02/21
|
23/02/22
|
28/02/23
|
28/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
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 |
1,484
|
1,618
|
745.2
|
1,028
|
851.4
|
953.5
|
1,805
|
889.5
|
1,157
|
916.6
|
1,095
|
1,004
|
1,327
|
1,118
|
1,179
|
1,082
|
1,410
|
1,172
|
EBITDA
1 |
66
|
146.4
|
111.6
|
-
|
86.7
|
-
|
-
|
108.3
|
118
|
91.6
|
-
|
116.4
|
141.2
|
116.5
|
120.7
|
131.6
|
152
|
125.2
|
EBIT
1 |
6
|
100.8
|
87.8
|
67.3
|
59.9
|
63.07
|
123
|
81.3
|
96.2
|
65
|
73.73
|
89.4
|
118.9
|
90
|
97.4
|
102.3
|
125
|
96.53
|
Operating Margin
|
0.4%
|
6.23%
|
11.78%
|
6.55%
|
7.04%
|
6.62%
|
6.81%
|
9.14%
|
8.31%
|
7.09%
|
6.73%
|
8.91%
|
8.96%
|
8.05%
|
8.26%
|
9.45%
|
8.87%
|
8.24%
|
Earnings before Tax (EBT)
1 |
-98.18
|
80.11
|
78.6
|
52.7
|
52.9
|
47.5
|
100.4
|
74.5
|
80.9
|
61.8
|
66.33
|
80.8
|
94.6
|
84.7
|
85.5
|
90.88
|
122.9
|
86.53
|
Net income
1 |
-74.57
|
55.34
|
59.3
|
28.8
|
39.3
|
27.03
|
66.33
|
49.4
|
56.2
|
43.7
|
46.05
|
56.4
|
59.6
|
61.2
|
59.01
|
64.57
|
83.8
|
59.57
|
Net margin
|
-5.02%
|
3.42%
|
7.96%
|
2.8%
|
4.62%
|
2.83%
|
3.67%
|
5.55%
|
4.86%
|
4.77%
|
4.2%
|
5.62%
|
4.49%
|
5.48%
|
5%
|
5.97%
|
5.94%
|
5.08%
|
EPS
2 |
-
|
-
|
0.3410
|
0.1630
|
0.2230
|
0.1533
|
-
|
0.2320
|
0.3620
|
0.2500
|
0.2592
|
0.2996
|
0.3300
|
0.3500
|
0.3389
|
0.3709
|
0.4813
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
0.1500
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.3091
|
-
|
Announcement Date
|
29/07/20
|
27/07/21
|
27/10/21
|
23/02/22
|
29/04/22
|
27/07/22
|
27/07/22
|
02/11/22
|
28/02/23
|
27/04/23
|
27/07/23
|
31/10/23
|
28/02/24
|
06/05/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
552
|
481
|
240
|
42.6
|
107
|
-
|
-
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
80.2
|
316
|
588
|
Leverage (Debt/EBITDA)
|
1.594
x
|
1.413
x
|
0.6886
x
|
0.1064
x
|
0.2394
x
|
-
|
-
|
-
|
Free Cash Flow
1 |
54.8
|
135
|
289
|
253
|
312
|
267
|
287
|
330
|
ROE (net income / shareholders' equity)
|
16.9%
|
-9.01%
|
19.3%
|
19%
|
19.6%
|
22.8%
|
23.2%
|
23.7%
|
ROA (Net income/ Total Assets)
|
2.9%
|
-1.48%
|
3.19%
|
3.79%
|
4.44%
|
5.5%
|
6.1%
|
6.42%
|
Assets
1 |
4,180
|
4,390
|
4,498
|
4,535
|
4,629
|
4,866
|
4,937
|
5,284
|
Book Value Per Share
2 |
4.410
|
3.770
|
4.660
|
5.600
|
6.410
|
7.480
|
8.760
|
10.20
|
Cash Flow per Share
2 |
0.7700
|
1.010
|
1.780
|
1.810
|
2.010
|
2.110
|
2.190
|
2.080
|
Capex
1 |
76
|
39.2
|
14.1
|
39.4
|
15.5
|
60.3
|
75.2
|
81.8
|
Capex / Sales
|
2.37%
|
1.29%
|
0.42%
|
1.02%
|
0.36%
|
1.28%
|
1.51%
|
1.55%
|
Announcement Date
|
27/02/20
|
24/02/21
|
23/02/22
|
28/02/23
|
28/02/24
|
-
|
-
|
-
|
Last Close Price
20.88
EUR Average target price
22.36
EUR Spread / Average Target +7.09% Consensus |
1st Jan change
|
Capi.
|
---|
| +50.43% | 3.95B | | -18.57% | 180B | | +1.90% | 166B | | +3.33% | 155B | | +5.65% | 101B | | +51.72% | 94.27B | | +15.63% | 85.52B | | -3.25% | 73.7B | | -1.71% | 46.69B | | -34.51% | 43.64B |
Other IT Services & Consulting
|