Real-time Estimate
Tradegate
12:51:06 07/05/2024 pm IST
|
5-day change
|
1st Jan Change
|
71.22
EUR
|
-0.18%
|
|
+6.33%
|
+9.88%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
37,910
|
36,577
|
30,243
|
26,475
|
28,729
|
31,246
|
-
|
-
|
Enterprise Value (EV)
1 |
39,955
|
38,052
|
31,279
|
28,294
|
28,729
|
30,539
|
29,380
|
28,128
|
P/E ratio
|
19.2
x
|
28.4
x
|
18.8
x
|
22
x
|
23.1
x
|
18.5
x
|
16.9
x
|
16.4
x
|
Yield
|
2.01%
|
2%
|
2.57%
|
2.85%
|
2.54%
|
2.4%
|
2.49%
|
2.58%
|
Capitalization / Revenue
|
1.88
x
|
1.9
x
|
1.51
x
|
1.13
x
|
1.34
x
|
1.45
x
|
1.41
x
|
1.37
x
|
EV / Revenue
|
1.99
x
|
1.98
x
|
1.56
x
|
1.21
x
|
1.34
x
|
1.42
x
|
1.32
x
|
1.23
x
|
EV / EBITDA
|
10
x
|
10.4
x
|
9.21
x
|
9.83
x
|
8.27
x
|
8.47
x
|
7.72
x
|
7.19
x
|
EV / FCF
|
15.6
x
|
16.1
x
|
21.2
x
|
43.3
x
|
10.9
x
|
16.4
x
|
14.9
x
|
14.4
x
|
FCF Yield
|
6.42%
|
6.22%
|
4.73%
|
2.31%
|
9.21%
|
6.08%
|
6.73%
|
6.95%
|
Price to Book
|
2.16
x
|
2.25
x
|
1.57
x
|
1.37
x
|
-
|
1.6
x
|
1.51
x
|
1.42
x
|
Nbr of stocks (in thousands)
|
4,34,278
|
4,34,143
|
4,34,032
|
4,26,105
|
4,22,091
|
4,19,327
|
-
|
-
|
Reference price
2 |
92.20
|
92.30
|
71.14
|
65.02
|
72.86
|
79.50
|
79.50
|
79.50
|
Announcement Date
|
05/03/20
|
04/03/21
|
23/02/22
|
07/03/23
|
04/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
20,114
|
19,250
|
20,066
|
23,397
|
21,514
|
21,518
|
22,197
|
22,883
|
EBITDA
1 |
3,977
|
3,675
|
3,395
|
2,879
|
3,474
|
3,607
|
3,805
|
3,913
|
EBIT
1 |
3,220
|
2,579
|
2,686
|
2,319
|
2,556
|
2,798
|
2,983
|
3,122
|
Operating Margin
|
16.01%
|
13.4%
|
13.39%
|
9.91%
|
11.88%
|
13%
|
13.44%
|
13.64%
|
Earnings before Tax (EBT)
1 |
2,811
|
1,925
|
2,149
|
1,689
|
1,888
|
2,582
|
2,836
|
2,935
|
Net income
1 |
2,085
|
1,408
|
1,634
|
1,259
|
1,318
|
1,818
|
1,986
|
2,046
|
Net margin
|
10.37%
|
7.31%
|
8.14%
|
5.38%
|
6.13%
|
8.45%
|
8.94%
|
8.94%
|
EPS
2 |
4.810
|
3.250
|
3.780
|
2.950
|
3.150
|
4.304
|
4.711
|
4.849
|
Free Cash Flow
1 |
2,564
|
2,365
|
1,478
|
654
|
2,647
|
1,857
|
1,977
|
1,956
|
FCF margin
|
12.75%
|
12.29%
|
7.37%
|
2.8%
|
12.3%
|
8.63%
|
8.91%
|
8.55%
|
FCF Conversion (EBITDA)
|
64.47%
|
64.35%
|
43.53%
|
22.72%
|
76.19%
|
51.5%
|
51.95%
|
49.98%
|
FCF Conversion (Net income)
|
122.97%
|
167.97%
|
90.45%
|
51.95%
|
200.83%
|
102.15%
|
99.56%
|
95.6%
|
Dividend per Share
2 |
1.850
|
1.850
|
1.830
|
1.850
|
1.850
|
1.907
|
1.977
|
2.052
|
Announcement Date
|
05/03/20
|
04/03/21
|
23/02/22
|
07/03/23
|
04/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
---|
Net sales
1 |
10,024
|
9,485
|
9,765
|
9,926
|
5,092
|
5,047
|
10,140
|
5,271
|
5,642
|
10,913
|
5,976
|
5,509
|
11,485
|
5,609
|
5,317
|
10,926
|
5,440
|
5,148
|
10,588
|
5,270
|
5,230
|
10,583
|
5,560
|
5,340
|
10,855
|
-
|
EBITDA
|
-
|
-
|
2,099
|
1,810
|
-
|
-
|
1,613
|
-
|
-
|
1,536
|
-
|
-
|
1,343
|
-
|
-
|
1,675
|
-
|
-
|
1,799
|
-
|
-
|
1,664
|
-
|
-
|
1,748
|
-
|
EBIT
|
1,579
|
1,191
|
1,388
|
1,430
|
-
|
-
|
1,256
|
-
|
-
|
1,166
|
-
|
-
|
1,153
|
-
|
-
|
1,254
|
-
|
-
|
1,302
|
-
|
-
|
1,310
|
-
|
-
|
1,388
|
-
|
Operating Margin
|
15.75%
|
12.56%
|
14.21%
|
14.41%
|
-
|
-
|
12.39%
|
-
|
-
|
10.68%
|
-
|
-
|
10.04%
|
-
|
-
|
11.48%
|
-
|
-
|
12.3%
|
-
|
-
|
12.38%
|
-
|
-
|
12.79%
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
883
|
1,267
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
997
|
-
|
632
|
-
|
-
|
-
|
-
|
223.5
|
223.5
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
443.7
|
443.7
|
-
|
451
|
451
|
-
|
-
|
Net margin
|
9.95%
|
-
|
6.47%
|
-
|
-
|
-
|
-
|
4.24%
|
3.96%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
8.42%
|
8.48%
|
-
|
8.11%
|
8.45%
|
-
|
-
|
EPS
2 |
2.300
|
-
|
-
|
2.180
|
-
|
-
|
-
|
0.5200
|
0.5200
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1.060
|
1.060
|
-
|
1.077
|
1.077
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.4865
|
0.4865
|
-
|
0.4865
|
0.4865
|
-
|
0.5058
|
Announcement Date
|
05/03/20
|
06/08/20
|
04/03/21
|
12/08/21
|
23/11/21
|
23/02/22
|
23/02/22
|
05/05/22
|
15/08/22
|
15/08/22
|
08/11/22
|
07/03/23
|
07/03/23
|
10/05/23
|
10/08/23
|
10/08/23
|
04/12/23
|
04/03/24
|
04/03/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
2,045
|
1,475
|
1,036
|
1,819
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
707
|
1,866
|
3,118
|
Leverage (Debt/EBITDA)
|
0.5142
x
|
0.4014
x
|
0.3052
x
|
0.6318
x
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
2,564
|
2,365
|
1,478
|
654
|
2,647
|
1,857
|
1,977
|
1,956
|
ROE (net income / shareholders' equity)
|
12.4%
|
7.6%
|
9.1%
|
6.3%
|
6.6%
|
9.62%
|
9.9%
|
9.8%
|
ROA (Net income/ Total Assets)
|
7.05%
|
4.57%
|
5.2%
|
5.05%
|
4.06%
|
6.62%
|
7.21%
|
7.5%
|
Assets
1 |
29,593
|
30,829
|
31,453
|
24,912
|
32,449
|
27,450
|
27,524
|
27,281
|
Book Value Per Share
2 |
42.70
|
40.90
|
45.40
|
47.60
|
-
|
49.60
|
52.60
|
55.80
|
Cash Flow per Share
2 |
7.480
|
7.090
|
4.930
|
2.910
|
-
|
6.890
|
7.880
|
8.960
|
Capex
1 |
677
|
715
|
624
|
593
|
608
|
698
|
742
|
756
|
Capex / Sales
|
3.37%
|
3.71%
|
3.11%
|
2.53%
|
2.83%
|
3.24%
|
3.34%
|
3.3%
|
Announcement Date
|
05/03/20
|
04/03/21
|
23/02/22
|
07/03/23
|
04/03/24
|
-
|
-
|
-
|
Last Close Price
79.5
EUR Average target price
75.47
EUR Spread / Average Target -5.06% Consensus |
1st Jan change
|
Capi.
|
---|
| -3.64% | 4.27B | | +29.54% | 1.36B | | -3.61% | 1.33B | | -18.73% | 844M | | -19.43% | 796M | | -17.02% | 743M | | -34.03% | 695M | | -15.77% | 632M | | +60.73% | 478M |
Adhesive & Epoxy
|