Real-time Estimate
Cboe Europe
03:08:57 14/05/2024 pm IST
|
5-day change
|
1st Jan Change
|
3,780
GBX
|
+1.18%
|
|
+1.07%
|
+21.35%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
8,113
|
9,753
|
12,464
|
8,884
|
9,283
|
11,262
|
-
|
-
|
Enterprise Value (EV)
1 |
11,610
|
12,128
|
15,349
|
11,876
|
12,123
|
13,918
|
13,521
|
13,089
|
P/E ratio
|
17.1
x
|
16.9
x
|
18.6
x
|
9.55
x
|
12.3
x
|
13.5
x
|
11.7
x
|
11
x
|
Yield
|
3.18%
|
4.42%
|
2.59%
|
4.03%
|
4.23%
|
3.7%
|
4%
|
4.14%
|
Capitalization / Revenue
|
0.9
x
|
1.14
x
|
1.23
x
|
0.69
x
|
0.82
x
|
1
x
|
0.96
x
|
0.93
x
|
EV / Revenue
|
1.28
x
|
1.42
x
|
1.52
x
|
0.93
x
|
1.08
x
|
1.24
x
|
1.15
x
|
1.08
x
|
EV / EBITDA
|
7.04
x
|
8.03
x
|
9.02
x
|
5.04
x
|
5.83
x
|
6.8
x
|
6.03
x
|
5.61
x
|
EV / FCF
|
21.1
x
|
16.1
x
|
33.7
x
|
21.8
x
|
19.3
x
|
24.1
x
|
16.3
x
|
13.7
x
|
FCF Yield
|
4.75%
|
6.22%
|
2.96%
|
4.59%
|
5.18%
|
4.14%
|
6.13%
|
7.31%
|
Price to Book
|
2.74
x
|
2.41
x
|
2.84
x
|
1.8
x
|
1.66
x
|
1.89
x
|
1.73
x
|
1.6
x
|
Nbr of stocks (in thousands)
|
2,36,817
|
2,56,388
|
2,57,299
|
2,57,059
|
2,58,721
|
2,59,188
|
-
|
-
|
Reference price
2 |
34.26
|
38.04
|
48.44
|
34.56
|
35.88
|
43.45
|
43.45
|
43.45
|
Announcement Date
|
05/02/20
|
10/02/21
|
09/02/22
|
08/02/23
|
07/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
9,048
|
8,530
|
10,107
|
12,815
|
11,272
|
11,228
|
11,754
|
12,130
|
EBITDA
1 |
1,650
|
1,510
|
1,702
|
2,355
|
2,080
|
2,046
|
2,241
|
2,334
|
EBIT
1 |
1,062
|
922
|
1,073
|
1,662
|
1,403
|
1,344
|
1,512
|
1,571
|
Operating Margin
|
11.74%
|
10.81%
|
10.62%
|
12.97%
|
12.45%
|
11.97%
|
12.86%
|
12.95%
|
Earnings before Tax (EBT)
1 |
677
|
748
|
913
|
1,293
|
1,055
|
1,210
|
1,333
|
1,371
|
Net income
1 |
476
|
545
|
679
|
944
|
758
|
857.2
|
972.4
|
1,026
|
Net margin
|
5.26%
|
6.39%
|
6.72%
|
7.37%
|
6.72%
|
7.63%
|
8.27%
|
8.45%
|
EPS
2 |
2.000
|
2.257
|
2.611
|
3.618
|
2.912
|
3.223
|
3.711
|
3.962
|
Free Cash Flow
1 |
551
|
754
|
455
|
545
|
628
|
576.5
|
828.4
|
957.3
|
FCF margin
|
6.09%
|
8.84%
|
4.5%
|
4.25%
|
5.57%
|
5.13%
|
7.05%
|
7.89%
|
FCF Conversion (EBITDA)
|
33.39%
|
49.93%
|
26.73%
|
23.14%
|
30.19%
|
28.17%
|
36.97%
|
41.02%
|
FCF Conversion (Net income)
|
115.76%
|
138.35%
|
67.01%
|
57.73%
|
82.85%
|
67.26%
|
85.19%
|
93.35%
|
Dividend per Share
2 |
1.088
|
1.683
|
1.254
|
1.392
|
1.519
|
1.607
|
1.739
|
1.799
|
Announcement Date
|
05/02/20
|
10/02/21
|
09/02/22
|
08/02/23
|
07/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q4
|
2022 S2
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 S2
|
2024 S1
|
2024 S2
|
---|
Net sales
|
4,426
|
4,203
|
4,327
|
4,679
|
2,820
|
5,428
|
-
|
3,361
|
6,385
|
3,091
|
6,430
|
2,842
|
5,837
|
-
|
5,435
|
5,390
|
5,761
|
EBITDA
1 |
803
|
735
|
775
|
781
|
467
|
921
|
514
|
660
|
1,174
|
588
|
1,181
|
534
|
1,113
|
512
|
967
|
937
|
1,063
|
EBIT
|
504
|
450
|
472
|
477
|
-
|
596
|
-
|
-
|
839
|
-
|
823
|
-
|
779
|
-
|
624
|
587
|
713
|
Operating Margin
|
11.39%
|
10.71%
|
10.91%
|
10.19%
|
-
|
10.98%
|
-
|
-
|
13.14%
|
-
|
12.8%
|
-
|
13.35%
|
-
|
11.48%
|
10.89%
|
12.38%
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
-
|
-
|
1.093
|
1.192
|
-
|
1.419
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
0.8090
|
0.8090
|
0.8740
|
0.2930
|
-
|
0.9610
|
-
|
-
|
0.3160
|
-
|
-
|
-
|
0.3350
|
-
|
1.184
|
0.3400
|
1.180
|
Announcement Date
|
05/02/20
|
29/07/20
|
10/02/21
|
28/07/21
|
09/02/22
|
09/02/22
|
27/04/22
|
27/07/22
|
27/07/22
|
08/02/23
|
08/02/23
|
02/08/23
|
02/08/23
|
05/11/23
|
07/02/24
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
3,497
|
2,375
|
2,885
|
2,992
|
2,840
|
2,657
|
2,259
|
1,827
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.119
x
|
1.573
x
|
1.695
x
|
1.27
x
|
1.365
x
|
1.298
x
|
1.008
x
|
0.783
x
|
Free Cash Flow
1 |
551
|
754
|
455
|
545
|
628
|
577
|
828
|
957
|
ROE (net income / shareholders' equity)
|
22.7%
|
16.9%
|
16.7%
|
20.1%
|
14.3%
|
14.7%
|
15.3%
|
15.2%
|
ROA (Net income/ Total Assets)
|
-
|
-
|
6.17%
|
7.81%
|
6.04%
|
6.77%
|
7.41%
|
7.72%
|
Assets
1 |
-
|
-
|
10,998
|
12,095
|
12,550
|
12,670
|
13,131
|
13,290
|
Book Value Per Share
2 |
12.50
|
15.80
|
17.00
|
19.30
|
21.60
|
22.90
|
25.10
|
27.10
|
Cash Flow per Share
2 |
4.930
|
5.170
|
3.790
|
5.560
|
5.830
|
5.430
|
6.220
|
6.370
|
Capex
1 |
612
|
493
|
693
|
970
|
1,056
|
904
|
807
|
775
|
Capex / Sales
|
6.76%
|
5.78%
|
6.86%
|
7.57%
|
9.37%
|
8.05%
|
6.87%
|
6.39%
|
Announcement Date
|
05/02/20
|
10/02/21
|
09/02/22
|
08/02/23
|
07/02/24
|
-
|
-
|
-
|
Last Close Price
43.45
EUR Average target price
47.44
EUR Spread / Average Target +9.19% Consensus |
1st Jan change
|
Capi.
|
---|
| +11.37% | 16.17B | | +9.32% | 13.73B | | +23.07% | 13.19B | | -5.81% | 8.74B | | +13.87% | 8.63B | | -0.31% | 8.02B | | +20.92% | 6.35B | | +6.86% | 5.87B | | +8.25% | 5.11B |
Other Paper Packaging
|