Financials Schneider Electric S.E. Wiener Boerse

Equities

SU

FR0000121972

Electrical Components & Equipment

End-of-day quote Wiener Boerse Other stock markets 03:30:00 27/06/2024 am IST			5-day change	1st Jan Change
228.4 ^EUR	-0.22%		-0.15%	+25.47%

28/06	SCHNEIDER ELECTRIC : Gets a Buy rating from Jefferies	ZD
28/06	SCHNEIDER ELECTRIC : JP Morgan reiterates its Buy rating	ZD

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	50,403	63,334	95,626	72,565	1,01,953	1,25,525	-	-
Enterprise Value (EV) ¹	54,195	66,895	1,02,753	76,126	1,11,320	1,33,159	1,30,539	1,28,073
P/E ratio	21.1 x	31 x	29.9 x	21.3 x	25.7 x	28.1 x	24.8 x	22.1 x
Yield	2.79%	2.2%	1.68%	2.41%	1.93%	1.67%	1.83%	2%
Capitalization / Revenue	1.86 x	2.52 x	3.31 x	2.12 x	2.84 x	3.32 x	3.08 x	2.85 x
EV / Revenue	2 x	2.66 x	3.55 x	2.23 x	3.1 x	3.52 x	3.2 x	2.91 x
EV / EBITDA	10.3 x	13.6 x	17.2 x	10.8 x	15 x	16.9 x	14.9 x	13.3 x
EV / FCF	15.6 x	18.2 x	36.7 x	22.9 x	24.2 x	30.3 x	26.9 x	23.2 x
FCF Yield	6.41%	5.49%	2.72%	4.37%	4.13%	3.3%	3.72%	4.31%
Price to Book	2.36 x	3.18 x	3.93 x	3 x	3.89 x	4.38 x	3.98 x	3.61 x
Nbr of stocks (in thousands)	5,50,856	5,35,371	5,54,483	5,55,118	5,60,858	5,59,632	-	-
Reference price ²	91.50	118.3	172.5	130.7	181.8	224.3	224.3	224.3
Announcement Date	20/02/20	11/02/21	17/02/22	16/02/23	15/02/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	27,158	25,159	28,905	34,176	35,902	37,802	40,772	43,967
EBITDA ¹	5,240	4,929	5,991	7,075	7,442	7,887	8,740	9,637
EBIT ¹	4,238	3,926	4,987	6,017	6,412	6,766	7,590	8,438
Operating Margin	15.6%	15.6%	17.25%	17.61%	17.86%	17.9%	18.62%	19.19%
Earnings before Tax (EBT) ¹	3,138	2,810	4,155	4,718	5,403	5,896	6,722	7,655
Net income ¹	2,413	2,126	3,204	3,477	4,033	4,515	5,119	5,814
Net margin	8.89%	8.45%	11.08%	10.17%	11.23%	11.94%	12.55%	13.22%
EPS ²	4.330	3.810	5.761	6.150	7.070	7.970	9.033	10.17
Free Cash Flow ¹	3,476	3,673	2,799	3,330	4,594	4,391	4,855	5,521
FCF margin	12.8%	14.6%	9.68%	9.74%	12.8%	11.61%	11.91%	12.56%
FCF Conversion (EBITDA)	66.34%	74.52%	46.72%	47.07%	61.73%	55.67%	55.56%	57.29%
FCF Conversion (Net income)	144.05%	172.77%	87.36%	95.77%	113.91%	97.24%	94.86%	94.96%
Dividend per Share ²	2.550	2.600	2.900	3.150	3.500	3.743	4.106	4.477
Announcement Date	20/02/20	11/02/21	17/02/22	16/02/23	15/02/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

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 S1
Net sales ¹	13,956	11,575	13,584	13,774	7,221	7,910	15,131	7,566	8,511	16,077	8,779	9,320	18,099	8,493	9,140	17,633	8,789	9,480	18,269	8,606	9,450	18,148	9,104	9,916	20,013	19,610
EBITDA	-	2,068	2,861	2,849	-	-	-	-	-	-	-	-	3,756	-	-	3,689	-	-	-	-	-	-	-	-	-	-
EBIT	2,278	1,576	2,350	2,362	-	-	2,625	-	-	2,782	-	-	3,235	-	-	3,174	-	-	3,238	-	-	3,252	-	-	3,658	3,531
Operating Margin	16.32%	13.62%	17.3%	17.15%	-	-	17.35%	-	-	17.3%	-	-	17.87%	-	-	18%	-	-	17.72%	-	-	17.92%	-	-	18.28%	18%
Earnings before Tax (EBT)	1,853	1,028	1,782	2,018	-	-	2,137	-	-	2,084	-	-	2,634	-	-	2,745	-	-	2,658	-	-	2,768	-	-	-	-
Net income	1,420	775	1,351	1,556	-	-	1,648	-	-	1,519	-	-	1,958	-	-	2,023	-	-	2,010	-	-	2,193	-	-	-	-
Net margin	10.17%	6.7%	9.95%	11.3%	-	-	10.89%	-	-	9.45%	-	-	10.82%	-	-	11.47%	-	-	11%	-	-	12.08%	-	-	-	-
EPS	2.500	1.402	2.408	2.803	-	-	2.958	-	-	-	-	-	3.460	-	-	3.570	-	-	3.500	-	-	3.910	-	-	-	4.560
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	20/02/20	29/07/20	11/02/21	30/07/21	27/10/21	17/02/22	17/02/22	27/04/22	28/07/22	28/07/22	27/10/22	16/02/23	16/02/23	27/04/23	27/07/23	27/07/23	26/10/23	15/02/24	15/02/24	25/04/24	-	-	-	-	-	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	3,792	3,561	7,127	3,561	9,367	7,633	5,014	2,548
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.7237 x	0.7225 x	1.19 x	0.5033 x	1.259 x	0.9679 x	0.5737 x	0.2644 x
Free Cash Flow ¹	3,476	3,673	2,799	3,330	4,594	4,391	4,855	5,521
ROE (net income / shareholders' equity)	13.9%	10.1%	14.2%	13.9%	15.5%	17.2%	17.8%	17.9%
ROA (Net income/ Total Assets)	6.72%	4.5%	6.16%	6.16%	6.88%	7.72%	8.32%	8.85%
Assets ¹	35,895	47,242	52,015	56,458	58,634	58,477	61,548	65,702
Book Value Per Share ²	38.70	37.20	43.90	43.60	46.80	51.20	56.30	62.20
Cash Flow per Share ²	7.680	7.950	6.400	7.700	10.40	10.00	10.80	12.30
Capex ¹	806	762	876	1,024	1,313	1,357	1,420	1,475
Capex / Sales	2.97%	3.03%	3.03%	3%	3.66%	3.59%	3.48%	3.36%
Announcement Date	20/02/20	11/02/21	17/02/22	16/02/23	15/02/24	-	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Schneider Electric S.E.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

224.3 EUR

Average target price

222.4 EUR

Spread / Average Target

-0.86%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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