Market Closed -
Borsa Italiana
11:44:59 2024-05-10 am EDT
|
5-day change
|
1st Jan Change
|
7.872
EUR
|
+1.92%
|
|
+5.38%
|
+4.21%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
11,967
|
12,554
|
14,277
|
13,839
|
15,152
|
15,789
|
-
|
-
|
Enterprise Value (EV)
1 |
20,226
|
21,727
|
24,280
|
22,285
|
25,516
|
27,434
|
29,163
|
31,323
|
P/E ratio
|
15.8
x
|
16
x
|
18.1
x
|
16.2
x
|
17.1
x
|
16
x
|
16.9
x
|
15.3
x
|
Yield
|
4.19%
|
4.31%
|
4.09%
|
4.56%
|
4.5%
|
4.63%
|
4.72%
|
4.9%
|
Capitalization / Revenue
|
5.21
x
|
4.99
x
|
5.48
x
|
4.67
x
|
4.75
x
|
4.47
x
|
4.32
x
|
3.97
x
|
EV / Revenue
|
8.81
x
|
8.64
x
|
9.32
x
|
7.52
x
|
8.01
x
|
7.76
x
|
7.97
x
|
7.87
x
|
EV / EBITDA
|
11.6
x
|
11.9
x
|
13.1
x
|
10.8
x
|
11.8
x
|
11.2
x
|
11.6
x
|
11.2
x
|
EV / FCF
|
89.1
x
|
-71.7
x
|
-111
x
|
28.9
x
|
-21.4
x
|
-31
x
|
-18.4
x
|
-21.4
x
|
FCF Yield
|
1.12%
|
-1.39%
|
-0.9%
|
3.46%
|
-4.66%
|
-3.22%
|
-5.43%
|
-4.67%
|
Price to Book
|
2.86
x
|
2.87
x
|
3.03
x
|
2.25
x
|
-
|
2.28
x
|
2.14
x
|
2.07
x
|
Nbr of stocks (in thousands)
|
2,009,992
|
2,008,686
|
2,006,897
|
2,005,616
|
2,005,778
|
2,005,778
|
-
|
-
|
Reference price
2 |
5.954
|
6.250
|
7.114
|
6.900
|
7.554
|
7.872
|
7.872
|
7.872
|
Announcement Date
|
3/10/20
|
3/24/21
|
3/17/22
|
3/22/23
|
3/19/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
2,295
|
2,514
|
2,605
|
2,964
|
3,187
|
3,535
|
3,659
|
3,978
|
EBITDA
1 |
1,741
|
1,830
|
1,855
|
2,059
|
2,169
|
2,447
|
2,517
|
2,789
|
EBIT
1 |
1,155
|
1,187
|
1,200
|
1,334
|
1,362
|
1,571
|
1,586
|
1,778
|
Operating Margin
|
50.33%
|
47.22%
|
46.08%
|
44.98%
|
42.75%
|
44.45%
|
43.34%
|
44.7%
|
Earnings before Tax (EBT)
1 |
1,077
|
1,093
|
1,122
|
1,233
|
1,245
|
1,380
|
1,323
|
1,453
|
Net income
1 |
757.3
|
786
|
789.4
|
857
|
885.4
|
983.2
|
950.3
|
1,031
|
Net margin
|
33%
|
31.26%
|
30.31%
|
28.91%
|
27.78%
|
27.81%
|
25.97%
|
25.91%
|
EPS
2 |
0.3770
|
0.3910
|
0.3930
|
0.4260
|
0.4410
|
0.4905
|
0.4649
|
0.5133
|
Free Cash Flow
1 |
227.1
|
-303
|
-218.6
|
771.2
|
-1,190
|
-884
|
-1,584
|
-1,464
|
FCF margin
|
9.89%
|
-12.05%
|
-8.39%
|
26.01%
|
-37.35%
|
-25.01%
|
-43.3%
|
-36.8%
|
FCF Conversion (EBITDA)
|
13.04%
|
-
|
-
|
37.45%
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
29.99%
|
-
|
-
|
89.99%
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
0.2495
|
0.2695
|
0.2911
|
0.3144
|
0.3396
|
0.3644
|
0.3717
|
0.3856
|
Announcement Date
|
3/10/20
|
3/24/21
|
3/17/22
|
3/22/23
|
3/19/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2021 S1
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
2,295
|
1,183
|
1,259
|
703.2
|
644.4
|
686.4
|
1,331
|
661.6
|
972.1
|
712.5
|
772.5
|
1,485
|
761.8
|
939.9
|
858.1
|
896.7
|
885.1
|
901.3
|
-
|
-
|
EBITDA
|
-
|
876
|
910
|
480.9
|
461.3
|
485.6
|
946.9
|
465.3
|
647
|
500
|
519
|
1,019
|
537
|
612.6
|
627.9
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
573.7
|
585
|
317.9
|
293.7
|
313.7
|
607.4
|
288.9
|
437.2
|
313.4
|
325.6
|
639
|
340.7
|
382.6
|
418.7
|
397.4
|
413.7
|
429.9
|
-
|
-
|
Operating Margin
|
-
|
48.49%
|
46.47%
|
45.21%
|
45.58%
|
45.7%
|
45.64%
|
43.67%
|
44.97%
|
43.99%
|
42.15%
|
43.03%
|
44.72%
|
40.71%
|
48.79%
|
44.32%
|
46.74%
|
47.69%
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
534.6
|
544
|
307.4
|
269.3
|
301.9
|
571.2
|
268.8
|
393.4
|
281.3
|
298.7
|
580
|
318.6
|
346
|
382.2
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
-
|
377.5
|
385
|
209
|
191.8
|
206.3
|
398.1
|
188.8
|
270.1
|
200.2
|
210.8
|
411
|
230.3
|
244.1
|
268.2
|
233.3
|
262.5
|
245.7
|
-
|
-
|
Net margin
|
-
|
31.91%
|
30.58%
|
29.72%
|
29.76%
|
30.06%
|
29.91%
|
28.54%
|
27.79%
|
28.1%
|
27.29%
|
27.68%
|
30.23%
|
25.97%
|
31.26%
|
26.02%
|
29.66%
|
27.26%
|
-
|
-
|
EPS
2 |
-
|
0.1880
|
0.1920
|
0.1000
|
0.1000
|
0.1000
|
-
|
0.0900
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.1103
|
0.1345
|
0.1127
|
-
|
-
|
Dividend per Share
2 |
-
|
0.0900
|
0.1000
|
0.2911
|
-
|
0.1100
|
-
|
0.1100
|
-
|
-
|
0.1061
|
0.1061
|
-
|
-
|
-
|
0.0922
|
0.0922
|
0.0922
|
0.0958
|
0.0958
|
Announcement Date
|
3/10/20
|
7/29/20
|
7/29/21
|
3/17/22
|
5/11/22
|
7/28/22
|
7/28/22
|
11/9/22
|
3/22/23
|
5/5/23
|
7/27/23
|
7/27/23
|
11/8/23
|
3/19/24
|
5/8/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
8,259
|
9,173
|
10,003
|
8,446
|
10,365
|
11,645
|
13,374
|
15,533
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
4.743
x
|
5.013
x
|
5.393
x
|
4.102
x
|
4.779
x
|
4.758
x
|
5.313
x
|
5.57
x
|
Free Cash Flow
1 |
227
|
-303
|
-219
|
771
|
-1,190
|
-884
|
-1,584
|
-1,464
|
ROE (net income / shareholders' equity)
|
18.4%
|
18.2%
|
17.3%
|
15.8%
|
14.2%
|
14.8%
|
13.4%
|
13.8%
|
ROA (Net income/ Total Assets)
|
5.1%
|
5.14%
|
4.93%
|
3.8%
|
-
|
4.1%
|
3.63%
|
3.72%
|
Assets
1 |
14,837
|
15,292
|
16,000
|
22,581
|
-
|
23,986
|
26,161
|
27,732
|
Book Value Per Share
2 |
2.080
|
2.180
|
2.350
|
3.060
|
-
|
3.450
|
3.670
|
3.800
|
Cash Flow per Share
2 |
0.7400
|
0.5200
|
0.6500
|
1.260
|
-
|
0.8500
|
0.8800
|
0.9900
|
Capex
1 |
1,264
|
1,351
|
1,521
|
1,757
|
2,290
|
2,617
|
3,407
|
3,454
|
Capex / Sales
|
55.07%
|
53.74%
|
58.38%
|
59.26%
|
71.86%
|
74.02%
|
93.12%
|
86.84%
|
Announcement Date
|
3/10/20
|
3/24/21
|
3/17/22
|
3/22/23
|
3/19/24
|
-
|
-
|
-
|
Last Close Price
7.872
EUR Average target price
8.01
EUR Spread / Average Target +1.75% Consensus |
1st Jan change
|
Capi.
|
---|
| +4.21% | 17.01B | | +21.49% | 152B | | +11.44% | 85.44B | | +2.86% | 82.74B | | +5.80% | 79.24B | | +0.37% | 73.89B | | +83.87% | 67.75B | | +12.79% | 48.29B | | 0.00% | 45.85B | | +12.91% | 44.48B |
Other Electric Utilities
|