Market Closed -
Other stock markets
|
|
5-day change | 1st Jan Change | |
57.51 USD | +0.52% | +2.08% | +12.46% |
Dec. 04 | Let's party like it's 2021 | ![]() |
Dec. 04 | ANALYST RECOMMENDATIONS : Adobe, Broadcom, Comcast, Fair Isaac, Salesforce... | ![]() |
Valuation
Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|---|
Capitalization 1 | 15 596 | 21 155 | 30 480 | 31 181 | 16 054 | 18 133 | - | - |
Enterprise Value (EV) 1 | 21 604 | 27 174 | 36 914 | 38 355 | 24 454 | 26 116 | 24 522 | 24 440 |
P/E ratio | 35,6x | 39,0x | 52,9x | 36,3x | 22,7x | 24,4x | 20,9x | 19,3x |
Yield | 0,87% | 0,85% | 0,64% | 0,73% | 1,56% | 1,39% | 1,42% | 1,49% |
Capitalization / Revenue | 1,34x | 1,84x | 2,59x | 2,26x | 1,05x | 1,28x | 1,27x | 1,26x |
EV / Revenue | 1,86x | 2,37x | 3,13x | 2,78x | 1,59x | 1,84x | 1,72x | 1,70x |
EV / EBITDA | 11,8x | 14,7x | 19,1x | 18,0x | 12,5x | 12,4x | 11,3x | 11,0x |
EV / FCF | 28,8x | 28,6x | 116x | 1 128x | -18,1x | 33,2x | 25,3x | 19,5x |
FCF Yield | 3,47% | 3,50% | 0,86% | 0,09% | -5,52% | 3,01% | 3,96% | 5,13% |
Price to Book | 4,46x | 7,12x | 9,32x | 8,52x | 4,64x | 4,37x | 4,87x | 5,05x |
Nbr of stocks (in thousands) | 339 191 | 327 130 | 327 112 | 323 894 | 313 920 | 315 301 | - | - |
Reference price 2 | 46,0 | 64,7 | 93,2 | 96,3 | 51,1 | 57,5 | 57,5 | 57,5 |
Announcement Date | 1/31/19 | 2/6/20 | 2/4/21 | 1/27/22 | 2/2/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|---|
Net sales 1 | 11 635 | 11 474 | 11 781 | 13 811 | 15 349 | 14 173 | 14 231 | 14 383 |
EBITDA 1 | 1 828 | 1 854 | 1 933 | 2 133 | 1 957 | 2 099 | 2 179 | 2 231 |
EBIT 1 | 1 290 | 1 331 | 1 415 | 1 585 | 1 420 | 1 540 | 1 623 | 1 695 |
Operating Margin | 11,1% | 11,6% | 12,0% | 11,5% | 9,25% | 10,9% | 11,4% | 11,8% |
Earnings before Tax (EBT) 1 | 633 | 608 | 687 | 1 008 | 884 | 887 | 1 093 | 1 192 |
Net income 1 | 454 | 566 | 585 | 878 | 719 | 753 | 825 | 904 |
Net margin | 3,90% | 4,93% | 4,97% | 6,36% | 4,68% | 5,31% | 5,80% | 6,28% |
EPS 2 | 1,29 | 1,66 | 1,76 | 2,65 | 2,25 | 2,36 | 2,75 | 2,99 |
Free Cash Flow 1 | 750 | 950 | 319 | 34,0 | -1 350 | 787 | 971 | 1 254 |
FCF margin | 6,45% | 8,28% | 2,71% | 0,25% | -8,80% | 5,55% | 6,82% | 8,72% |
FCF Conversion (EBITDA) | 41,0% | 51,2% | 16,5% | 1,59% | - | 37,5% | 44,6% | 56,2% |
FCF Conversion (Net income) | 165% | 168% | 54,5% | 3,87% | - | 104% | 118% | 139% |
Dividend per Share 2 | 0,40 | 0,55 | 0,60 | 0,70 | 0,80 | 0,80 | 0,82 | 0,86 |
Announcement Date | 1/31/19 | 2/6/20 | 2/4/21 | 1/27/22 | 2/2/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
Fiscal Period : December | 2021 Q2 | 2021 Q3 | 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 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales 1 | 3 459 | 3 553 | 3 674 | 3 716 | 4 134 | 3 951 | 3 548 | 3 489 | 3 566 | 3 571 | 3 558 | 3 498 | 3 639 | 3 680 | 3 660 |
EBITDA 1 | 533 | 554 | 571 | 514 | 528 | 517 | 398 | 513 | 485 | 545 | 549 | 508 | 533 | 572 | 585 |
EBIT 1 | 399 | 417 | 424 | 366 | 392 | 393 | 269 | 381 | 349 | 406 | 411 | 379 | 405 | 436 | 454 |
Operating Margin | 11,5% | 11,7% | 11,5% | 9,85% | 9,48% | 9,95% | 7,58% | 10,9% | 9,79% | 11,4% | 11,6% | 10,8% | 11,1% | 11,8% | 12,4% |
Earnings before Tax (EBT) 1 | 307 | 169 | 299 | 541 | -177 | 444 | 76,0 | 214 | 206 | 203 | 275 | 239 | 261 | 311 | 319 |
Net income 1 | 202 | 179 | 297 | 446 | -174 | 392 | 55,0 | 177 | 173 | 203 | 210 | 166 | 197 | 246 | 224 |
Net margin | 5,84% | 5,04% | 8,08% | 12,0% | -4,21% | 9,92% | 1,55% | 5,07% | 4,85% | 5,68% | 5,91% | 4,76% | 5,42% | 6,69% | 6,12% |
EPS 2 | 0,61 | 0,54 | 0,90 | 1,37 | -0,55 | 1,24 | 0,17 | 0,56 | 0,55 | 0,64 | 0,69 | 0,63 | 0,69 | 0,82 | 0,85 |
Dividend per Share 2 | 0,15 | 0,20 | 0,20 | 0,20 | 0,20 | 0,20 | - | 0,20 | 0,20 | 0,20 | 0,20 | 0,20 | 0,20 | 0,20 | 0,20 |
Announcement Date | 8/5/21 | 11/4/21 | 1/27/22 | 5/5/22 | 8/4/22 | 11/3/22 | 2/2/23 | 5/4/23 | 8/3/23 | 11/2/23 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
Fiscal Period : December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|---|
Net Debt 1 | 6 008 | 6 019 | 6 434 | 7 174 | 8 400 | 7 983 | 6 389 | 6 307 |
Net Cash position 1 | - | - | - | - | - | - | - | - |
Leverage (Debt/EBITDA) | 3,29x | 3,25x | 3,33x | 3,36x | 4,29x | 3,80x | 2,93x | 2,83x |
Free Cash Flow 1 | 750 | 950 | 319 | 34,0 | -1 350 | 787 | 971 | 1 254 |
ROE (net income / shareholders' equity) | 20,4% | 26,2% | 31,1% | 33,0% | 24,7% | 22,8% | 22,9% | 28,1% |
Shareholders' equity 1 | 2 228 | 2 163 | 1 884 | 2 665 | 2 910 | 3 299 | 3 600 | 3 217 |
ROA (Net income/ Total Assets) | 4,60% | 5,08% | 5,54% | 6,10% | 4,50% | 4,76% | 5,15% | 5,91% |
Assets 1 | 9 878 | 11 147 | 10 554 | 14 405 | 15 987 | 15 819 | 16 021 | 15 283 |
Book Value Per Share 2 | 10,3 | 9,08 | 10,00 | 11,3 | 11,0 | 13,2 | 11,8 | 11,4 |
Cash Flow per Share 2 | 4,44 | 4,55 | 4,30 | 5,31 | 0,94 | 6,22 | 5,13 | 5,81 |
Capex 1 | 816 | 598 | 1 113 | 1 726 | 1 651 | 1 183 | 683 | 675 |
Capex / Sales | 7,01% | 5,21% | 9,45% | 12,5% | 10,8% | 8,34% | 4,80% | 4,70% |
Announcement Date | 1/31/19 | 2/6/20 | 2/4/21 | 1/27/22 | 2/2/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating :
Investor Rating :
ESG Refinitiv :
A-
Sell
Buy

Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
57.51USD
Average target price
57.16USD
Spread / Average Target
-0.61%
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+12.46% | 18 133 M $ | |
+5.92% | 15 439 M $ | |
-18.98% | 13 938 M $ | |
+7.69% | 10 597 M $ | |
+3.06% | 7 785 M $ | |
-32.22% | 4 883 M $ | |
-18.36% | 4 507 M $ | |
-4.03% | 3 013 M $ | |
-5.15% | 2 836 M $ | |
+8.98% | 2 209 M $ |
- Stock
- Equities
- Stock Ball Corporation - Nyse
- Financials Ball Corporation