Real-time Estimate
Cboe BZX
10:28:25 03/05/2024 pm IST
|
5-day change
|
1st Jan Change
|
236
USD
|
+0.95%
|
|
-1.60%
|
-0.11%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
50,619
|
60,349
|
72,446
|
59,965
|
53,361
|
52,819
|
-
|
-
|
Enterprise Value (EV)
1 |
62,235
|
71,915
|
85,447
|
74,591
|
68,972
|
69,847
|
69,980
|
69,839
|
P/E ratio
|
18.9
x
|
30.3
x
|
24.6
x
|
17.8
x
|
29.5
x
|
24.5
x
|
16.8
x
|
15
x
|
Yield
|
1.85%
|
1.58%
|
1.4%
|
2.01%
|
-
|
2.34%
|
2.52%
|
2.78%
|
Capitalization / Revenue
|
4.48
x
|
6.17
x
|
6.5
x
|
4.7
x
|
4.39
x
|
4.25
x
|
4.04
x
|
3.87
x
|
EV / Revenue
|
5.51
x
|
7.35
x
|
7.67
x
|
5.85
x
|
5.67
x
|
5.62
x
|
5.36
x
|
5.12
x
|
EV / EBITDA
|
12.1
x
|
15.5
x
|
15.2
x
|
12.4
x
|
13.1
x
|
12.6
x
|
11.4
x
|
10.6
x
|
EV / FCF
|
33.2
x
|
33.6
x
|
30.7
x
|
32.8
x
|
83.1
x
|
51.6
x
|
28
x
|
24.7
x
|
FCF Yield
|
3.01%
|
2.98%
|
3.26%
|
3.05%
|
1.2%
|
1.94%
|
3.57%
|
4.05%
|
Price to Book
|
3.3
x
|
4.12
x
|
5.24
x
|
4.41
x
|
4.21
x
|
3.9
x
|
3.74
x
|
3.57
x
|
Nbr of stocks (in thousands)
|
2,60,747
|
2,53,985
|
2,43,345
|
2,43,345
|
2,25,742
|
2,25,914
|
-
|
-
|
Reference price
2 |
194.1
|
237.6
|
297.7
|
246.4
|
236.4
|
233.8
|
233.8
|
233.8
|
Announcement Date
|
29/01/20
|
27/01/21
|
26/01/22
|
25/01/23
|
26/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,296
|
9,789
|
11,142
|
12,745
|
12,156
|
12,424
|
13,063
|
13,638
|
EBITDA
1 |
5,159
|
4,640
|
5,628
|
6,030
|
5,265
|
5,552
|
6,120
|
6,595
|
EBIT
1 |
4,021
|
3,486
|
4,447
|
4,809
|
3,967
|
4,108
|
4,719
|
5,140
|
Operating Margin
|
35.6%
|
35.61%
|
39.91%
|
37.73%
|
32.63%
|
33.06%
|
36.13%
|
37.69%
|
Earnings before Tax (EBT)
1 |
3,491
|
2,530
|
3,878
|
4,130
|
2,320
|
3,018
|
3,984
|
4,341
|
Net income
1 |
2,722
|
2,013
|
3,005
|
3,270
|
1,827
|
2,313
|
3,082
|
3,434
|
Net margin
|
24.1%
|
20.56%
|
26.97%
|
25.66%
|
15.03%
|
18.62%
|
23.59%
|
25.18%
|
EPS
2 |
10.25
|
7.840
|
12.11
|
13.88
|
8.020
|
9.558
|
13.94
|
15.60
|
Free Cash Flow
1 |
1,873
|
2,143
|
2,785
|
2,274
|
830
|
1,353
|
2,496
|
2,829
|
FCF margin
|
16.58%
|
21.89%
|
25%
|
17.84%
|
6.83%
|
10.89%
|
19.11%
|
20.75%
|
FCF Conversion (EBITDA)
|
36.31%
|
46.19%
|
49.48%
|
37.71%
|
15.76%
|
24.37%
|
40.78%
|
42.9%
|
FCF Conversion (Net income)
|
68.81%
|
106.46%
|
92.68%
|
69.54%
|
45.43%
|
58.5%
|
80.98%
|
82.38%
|
Dividend per Share
2 |
3.600
|
3.760
|
4.160
|
4.960
|
-
|
5.462
|
5.883
|
6.503
|
Announcement Date
|
29/01/20
|
27/01/21
|
26/01/22
|
25/01/23
|
26/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
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
|
2025 Q2
|
---|
Net sales
1 |
2,852
|
2,900
|
3,250
|
3,343
|
3,237
|
3,132
|
2,980
|
2,971
|
3,073
|
3,004
|
3,070
|
3,148
|
3,193
|
3,149
|
3,229
|
EBITDA
1 |
1,427
|
1,387
|
1,575
|
1,578
|
1,490
|
1,419
|
1,313
|
1,245
|
1,288
|
1,241
|
1,388
|
1,451
|
1,469
|
1,416
|
1,537
|
EBIT
1 |
1,129
|
1,100
|
1,271
|
1,272
|
1,181
|
1,098
|
992
|
919
|
958
|
904
|
1,038
|
1,101
|
1,122
|
1,057
|
1,175
|
Operating Margin
|
39.59%
|
37.93%
|
39.11%
|
38.05%
|
36.48%
|
35.06%
|
33.29%
|
30.93%
|
31.17%
|
30.09%
|
33.81%
|
34.96%
|
35.13%
|
33.57%
|
36.39%
|
Earnings before Tax (EBT)
1 |
985
|
912
|
1,087
|
1,093
|
1,038
|
592
|
463
|
614
|
651
|
-
|
868
|
936.3
|
945.8
|
876.6
|
991.2
|
Net income
1 |
760
|
703
|
819
|
958
|
790
|
466
|
356
|
478
|
527
|
53
|
663.3
|
716.4
|
726
|
679.7
|
771.3
|
Net margin
|
26.65%
|
24.24%
|
25.2%
|
28.66%
|
24.41%
|
14.88%
|
11.95%
|
16.09%
|
17.15%
|
1.76%
|
21.61%
|
22.76%
|
22.74%
|
21.58%
|
23.88%
|
EPS
2 |
3.120
|
2.930
|
3.450
|
4.100
|
3.420
|
2.040
|
1.560
|
2.100
|
2.320
|
0.2300
|
2.930
|
3.194
|
3.280
|
3.004
|
3.460
|
Dividend per Share
2 |
1.090
|
1.240
|
1.240
|
1.240
|
1.240
|
1.350
|
1.350
|
-
|
-
|
1.350
|
1.353
|
1.385
|
1.385
|
1.645
|
1.645
|
Announcement Date
|
26/01/22
|
27/04/22
|
27/07/22
|
26/10/22
|
25/01/23
|
26/04/23
|
27/07/23
|
25/10/23
|
26/01/24
|
24/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
11,616
|
11,566
|
13,001
|
14,626
|
15,611
|
17,028
|
17,161
|
17,020
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.252
x
|
2.493
x
|
2.31
x
|
2.426
x
|
2.965
x
|
3.067
x
|
2.804
x
|
2.581
x
|
Free Cash Flow
1 |
1,873
|
2,143
|
2,785
|
2,274
|
830
|
1,353
|
2,496
|
2,829
|
ROE (net income / shareholders' equity)
|
17.8%
|
15.8%
|
21.1%
|
24.8%
|
20.9%
|
18.8%
|
22.9%
|
25.7%
|
ROA (Net income/ Total Assets)
|
7.34%
|
6.26%
|
7.86%
|
8.45%
|
6.63%
|
5.69%
|
7.07%
|
7.6%
|
Assets
1 |
37,079
|
32,159
|
38,228
|
38,689
|
27,558
|
40,641
|
43,582
|
45,189
|
Book Value Per Share
2 |
58.90
|
57.60
|
56.80
|
55.80
|
56.20
|
60.00
|
62.50
|
65.50
|
Cash Flow per Share
2 |
14.70
|
14.20
|
17.20
|
17.90
|
14.00
|
16.90
|
20.30
|
22.70
|
Capex
1 |
2,019
|
1,494
|
1,470
|
1,948
|
2,349
|
3,610
|
2,171
|
2,203
|
Capex / Sales
|
17.87%
|
15.26%
|
13.19%
|
15.28%
|
19.32%
|
29.05%
|
16.62%
|
16.16%
|
Announcement Date
|
29/01/20
|
27/01/21
|
26/01/22
|
25/01/23
|
26/01/24
|
-
|
-
|
-
|
Last Close Price
233.8
USD Average target price
272.6
USD Spread / Average Target +16.58% Consensus |
1st Jan change
|
Capi.
|
---|
| -0.11% | 52.82B | | -2.54% | 65.63B | | -4.02% | 16.79B | | -4.40% | 9.43B | | +23.24% | 7.67B | | -1.12% | 2.21B | | +9.53% | 1.76B | | +0.66% | 1.1B | | -5.59% | 919M | | +87.66% | 749M |
Railway Freight Operators
|