Market Closed -
BOERSE MUENCHEN
01:13:00 27/08/2022 am IST
|
5-day change
|
1st Jan Change
|
128.2
EUR
|
-3.90%
|
|
-.--%
|
-.--%
|
Fiscal Period: September |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
12,288
|
12,107
|
17,777
|
13,883
|
17,188
|
17,493
|
-
|
-
|
Enterprise Value (EV)
1 |
13,058
|
12,574
|
19,657
|
16,151
|
19,136
|
18,913
|
18,735
|
18,311
|
P/E ratio
|
14.9
x
|
25.1
x
|
42.6
x
|
21.8
x
|
25.8
x
|
23.8
x
|
16.9
x
|
14.7
x
|
Yield
|
0.75%
|
0.82%
|
0.6%
|
0.83%
|
-
|
0.84%
|
0.86%
|
0.87%
|
Capitalization / Revenue
|
0.96
x
|
0.89
x
|
1.26
x
|
0.93
x
|
1.05
x
|
1.01
x
|
0.99
x
|
1.01
x
|
EV / Revenue
|
1.03
x
|
0.93
x
|
1.39
x
|
1.08
x
|
1.17
x
|
1.09
x
|
1.06
x
|
1.06
x
|
EV / EBITDA
|
13.3
x
|
11.9
x
|
15.2
x
|
11.8
x
|
13.3
x
|
12.2
x
|
11.2
x
|
10.5
x
|
EV / FCF
|
-26
x
|
18.3
x
|
31
x
|
46.5
x
|
22.9
x
|
19.6
x
|
15.4
x
|
12.9
x
|
FCF Yield
|
-3.85%
|
5.48%
|
3.22%
|
2.15%
|
4.38%
|
5.1%
|
6.48%
|
7.77%
|
Price to Book
|
2.11
x
|
2.12
x
|
2.96
x
|
2.29
x
|
2.63
x
|
2.43
x
|
2.3
x
|
2.07
x
|
Nbr of stocks (in thousands)
|
1,35,498
|
1,30,208
|
1,30,314
|
1,27,606
|
1,25,918
|
1,25,213
|
-
|
-
|
Reference price
2 |
90.69
|
92.98
|
136.4
|
108.8
|
136.5
|
139.7
|
139.7
|
139.7
|
Announcement Date
|
25/11/19
|
24/11/20
|
23/11/21
|
21/11/22
|
21/11/23
|
-
|
-
|
-
|
Fiscal Period: September |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
12,738
|
13,567
|
14,093
|
14,923
|
16,352
|
17,307
|
17,617
|
17,254
|
EBITDA
1 |
981.3
|
1,061
|
1,289
|
1,364
|
1,436
|
1,549
|
1,678
|
1,741
|
EBIT
1 |
893.2
|
969.9
|
1,188
|
1,314
|
1,332
|
1,520
|
1,673
|
1,792
|
Operating Margin
|
7.01%
|
7.15%
|
8.43%
|
8.81%
|
8.15%
|
8.78%
|
9.5%
|
10.39%
|
Earnings before Tax (EBT)
1 |
351
|
441.2
|
695.6
|
876.3
|
916.7
|
1,041
|
1,237
|
1,283
|
Net income
1 |
848
|
491.8
|
477
|
644
|
665.8
|
717.5
|
986.5
|
1,134
|
Net margin
|
6.66%
|
3.63%
|
3.38%
|
4.32%
|
4.07%
|
4.15%
|
5.6%
|
6.57%
|
EPS
2 |
6.080
|
3.710
|
3.200
|
4.980
|
5.300
|
5.870
|
8.258
|
9.482
|
Free Cash Flow
1 |
-502.4
|
688.6
|
633.5
|
347.1
|
837.3
|
963.8
|
1,213
|
1,423
|
FCF margin
|
-3.94%
|
5.08%
|
4.49%
|
2.33%
|
5.12%
|
5.57%
|
6.89%
|
8.25%
|
FCF Conversion (EBITDA)
|
-
|
64.9%
|
49.13%
|
25.45%
|
58.31%
|
62.24%
|
72.32%
|
81.71%
|
FCF Conversion (Net income)
|
-
|
140%
|
132.79%
|
53.89%
|
125.76%
|
134.32%
|
123%
|
125.54%
|
Dividend per Share
2 |
0.6800
|
0.7600
|
0.8200
|
0.9000
|
-
|
1.168
|
1.206
|
1.220
|
Announcement Date
|
25/11/19
|
24/11/20
|
23/11/21
|
21/11/22
|
21/11/23
|
-
|
-
|
-
|
Fiscal Period: September |
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
|
2025 Q3
|
---|
Net sales
1 |
3,381
|
3,834
|
3,827
|
3,881
|
3,799
|
4,078
|
4,187
|
4,289
|
4,159
|
4,269
|
4,386
|
4,508
|
4,010
|
4,102
|
4,151
|
EBITDA
1 |
334
|
358.3
|
352.8
|
350.2
|
355.9
|
384
|
382.2
|
383.8
|
335.7
|
416.5
|
409.6
|
429.3
|
350.1
|
397.4
|
397
|
EBIT
1 |
307.8
|
331.9
|
327.5
|
347.2
|
327.9
|
356.3
|
361
|
357.3
|
321.9
|
391.9
|
399.6
|
417.5
|
364.1
|
415.8
|
421.6
|
Operating Margin
|
9.11%
|
8.66%
|
8.56%
|
8.94%
|
8.63%
|
8.74%
|
8.62%
|
8.33%
|
7.74%
|
9.18%
|
9.11%
|
9.26%
|
9.08%
|
10.14%
|
10.16%
|
Earnings before Tax (EBT)
1 |
169.1
|
155.3
|
272.1
|
279.9
|
197.5
|
252.3
|
226.7
|
240.2
|
165.7
|
241.6
|
294.8
|
312.2
|
267.9
|
294.5
|
315.7
|
Net income
1 |
134
|
88.82
|
196
|
225.2
|
135.6
|
216.5
|
164.2
|
149.4
|
171.6
|
162.1
|
182.5
|
192.9
|
200.8
|
218.3
|
229.8
|
Net margin
|
3.96%
|
2.32%
|
5.12%
|
5.8%
|
3.57%
|
5.31%
|
3.92%
|
3.48%
|
4.13%
|
3.8%
|
4.16%
|
4.28%
|
5.01%
|
5.32%
|
5.54%
|
EPS
2 |
1.030
|
0.6800
|
1.520
|
1.750
|
1.060
|
1.700
|
1.290
|
1.240
|
1.370
|
1.280
|
1.457
|
1.570
|
1.710
|
1.965
|
2.030
|
Dividend per Share
2 |
0.2100
|
0.2300
|
0.2300
|
0.2300
|
0.2300
|
0.2600
|
0.2600
|
-
|
-
|
-
|
0.2750
|
0.2750
|
0.2600
|
0.2600
|
0.2600
|
Announcement Date
|
08/02/22
|
03/05/22
|
01/08/22
|
21/11/22
|
07/02/23
|
09/05/23
|
08/08/23
|
21/11/23
|
06/02/24
|
07/05/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: September |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
770
|
467
|
1,879
|
2,267
|
1,948
|
1,420
|
1,241
|
817
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.7847
x
|
0.4402
x
|
1.458
x
|
1.663
x
|
1.357
x
|
0.9168
x
|
0.7398
x
|
0.4692
x
|
Free Cash Flow
1 |
-502
|
689
|
633
|
347
|
837
|
964
|
1,213
|
1,423
|
ROE (net income / shareholders' equity)
|
12.2%
|
12.6%
|
14%
|
15%
|
14.5%
|
13.6%
|
14.4%
|
14.4%
|
ROA (Net income/ Total Assets)
|
7.03%
|
6.11%
|
3.54%
|
4.4%
|
6.26%
|
4.9%
|
7.4%
|
8.1%
|
Assets
1 |
12,054
|
8,051
|
13,493
|
14,647
|
10,641
|
14,643
|
13,331
|
13,994
|
Book Value Per Share
2 |
43.00
|
43.80
|
46.10
|
47.60
|
52.00
|
57.50
|
60.80
|
67.30
|
Cash Flow per Share
2 |
-2.630
|
6.080
|
5.580
|
3.670
|
7.660
|
8.830
|
11.20
|
12.10
|
Capex
1 |
136
|
118
|
92.8
|
128
|
137
|
141
|
140
|
144
|
Capex / Sales
|
1.07%
|
0.87%
|
0.66%
|
0.86%
|
0.84%
|
0.82%
|
0.79%
|
0.83%
|
Announcement Date
|
25/11/19
|
24/11/20
|
23/11/21
|
21/11/22
|
21/11/23
|
-
|
-
|
-
|
Last Close Price
139.7
USD Average target price
159.8
USD Spread / Average Target +14.41% Consensus |
1st Jan change
|
Capi.
|
---|
| +16.19% | 7.11TCr | | +14.16% | 1.4TCr | | +13.07% | 1.26TCr | | +12.91% | 976.91Cr | | -25.53% | 627.59Cr | | -7.26% | 579.35Cr | | +1.65% | 509.41Cr | | +8.04% | 481.98Cr | | +16.43% | 455.29Cr |
Other Business Support Services
|