Market Closed -
Euronext Bruxelles
11:35:03 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
3.725
EUR
|
+3.47%
|
|
+4.93%
|
-20.13%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,060
|
1,698
|
1,534
|
960.8
|
932.8
|
745
|
-
|
-
|
Enterprise Value (EV)
1 |
2,840
|
2,193
|
2,004
|
1,398
|
1,353
|
1,105
|
1,069
|
974.3
|
P/E ratio
|
13.4
x
|
-84.9
x
|
6.14
x
|
4.14
x
|
14.1
x
|
5.88
x
|
5.87
x
|
4.57
x
|
Yield
|
7.09%
|
-
|
6.39%
|
8.33%
|
2.79%
|
6.37%
|
6.67%
|
7.87%
|
Capitalization / Revenue
|
0.54
x
|
0.41
x
|
0.35
x
|
0.22
x
|
0.22
x
|
0.17
x
|
0.17
x
|
0.16
x
|
EV / Revenue
|
0.74
x
|
0.53
x
|
0.46
x
|
0.32
x
|
0.32
x
|
0.26
x
|
0.25
x
|
0.22
x
|
EV / EBITDA
|
5.29
x
|
4.22
x
|
3.32
x
|
2.52
x
|
2.45
x
|
2.16
x
|
2.01
x
|
1.72
x
|
EV / FCF
|
9.33
x
|
4.74
x
|
7.99
x
|
5.06
x
|
5.75
x
|
15.3
x
|
9.65
x
|
7.54
x
|
FCF Yield
|
10.7%
|
21.1%
|
12.5%
|
19.8%
|
17.4%
|
6.52%
|
10.4%
|
13.3%
|
Price to Book
|
3.03
x
|
2.92
x
|
1.73
x
|
0.9
x
|
0.91
x
|
0.65
x
|
0.61
x
|
0.55
x
|
Nbr of stocks (in thousands)
|
200,001
|
200,001
|
200,001
|
200,001
|
200,001
|
200,001
|
-
|
-
|
Reference price
2 |
10.30
|
8.490
|
7.670
|
4.804
|
4.664
|
3.725
|
3.725
|
3.725
|
Announcement Date
|
3/17/20
|
3/9/21
|
2/24/22
|
2/23/23
|
3/1/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,838
|
4,155
|
4,335
|
4,398
|
4,272
|
4,266
|
4,358
|
4,522
|
EBITDA
1 |
537
|
519.1
|
604.2
|
555.1
|
552.8
|
511.1
|
532.3
|
568
|
EBIT
1 |
310.8
|
280.6
|
349.3
|
278.5
|
248.5
|
197.6
|
199
|
244.7
|
Operating Margin
|
8.1%
|
6.75%
|
8.06%
|
6.33%
|
5.82%
|
4.63%
|
4.57%
|
5.41%
|
Earnings before Tax (EBT)
1 |
244.3
|
29.6
|
333.7
|
292.5
|
119.2
|
156.8
|
137.4
|
-
|
Net income
1 |
154.2
|
-19.4
|
250.2
|
231.7
|
64.8
|
116.7
|
132.9
|
140.6
|
Net margin
|
4.02%
|
-0.47%
|
5.77%
|
5.27%
|
1.52%
|
2.74%
|
3.05%
|
3.11%
|
EPS
2 |
0.7700
|
-0.1000
|
1.250
|
1.160
|
0.3300
|
0.6340
|
0.6350
|
0.8150
|
Free Cash Flow
1 |
304.4
|
462.7
|
250.7
|
276.3
|
235.4
|
72
|
110.8
|
129.2
|
FCF margin
|
7.93%
|
11.14%
|
5.78%
|
6.28%
|
5.51%
|
1.69%
|
2.54%
|
2.86%
|
FCF Conversion (EBITDA)
|
56.69%
|
89.14%
|
41.49%
|
49.77%
|
42.58%
|
14.09%
|
20.82%
|
22.75%
|
FCF Conversion (Net income)
|
197.41%
|
-
|
100.2%
|
119.25%
|
363.27%
|
61.67%
|
83.35%
|
91.89%
|
Dividend per Share
2 |
0.7300
|
-
|
0.4900
|
0.4000
|
0.1300
|
0.2374
|
0.2486
|
0.2933
|
Announcement Date
|
3/17/20
|
3/9/21
|
2/24/22
|
2/23/23
|
3/1/24
|
-
|
-
|
-
|
Fiscal Period: December |
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
|
2025 Q1
|
---|
Net sales
1 |
977.6
|
1,300
|
1,038
|
1,036
|
1,022
|
1,302
|
1,049
|
1,028
|
978.5
|
1,217
|
1,029
|
1,032
|
944.7
|
1,164
|
1,001
|
EBITDA
1 |
104.6
|
151
|
160.4
|
150.7
|
98.3
|
145.7
|
150.8
|
142.9
|
105.5
|
153.6
|
142
|
143
|
63.15
|
134.5
|
123.4
|
EBIT
1 |
39.1
|
88.1
|
93
|
82.6
|
26
|
77
|
77.6
|
68.7
|
28.1
|
74.1
|
74.6
|
68.68
|
-2.681
|
51.84
|
53.85
|
Operating Margin
|
4%
|
6.78%
|
8.96%
|
7.98%
|
2.54%
|
5.92%
|
7.4%
|
6.69%
|
2.87%
|
6.09%
|
7.25%
|
6.66%
|
-0.28%
|
4.45%
|
5.38%
|
Earnings before Tax (EBT)
1 |
28.6
|
96.1
|
85
|
92.6
|
29.1
|
85.8
|
64.9
|
58
|
-46.6
|
43
|
65.34
|
59.92
|
-11.62
|
43.16
|
45.62
|
Net income
1 |
16.5
|
81.1
|
61.3
|
68.2
|
24.9
|
77.8
|
45.9
|
43.8
|
-56.7
|
32.4
|
49.01
|
44.94
|
-8.715
|
32.37
|
34.22
|
Net margin
|
1.69%
|
6.24%
|
5.9%
|
6.59%
|
2.44%
|
5.98%
|
4.38%
|
4.26%
|
-5.79%
|
2.66%
|
4.76%
|
4.36%
|
-0.92%
|
2.78%
|
3.42%
|
EPS
2 |
0.0800
|
0.4100
|
0.3100
|
0.3400
|
0.1200
|
0.3900
|
0.2300
|
0.2200
|
-0.2800
|
0.1600
|
0.2450
|
0.2247
|
-0.0436
|
0.1618
|
0.1711
|
Dividend per Share
2 |
-
|
0.4900
|
-
|
-
|
-
|
0.4000
|
-
|
-
|
-
|
0.1300
|
-
|
-
|
-
|
0.2646
|
-
|
Announcement Date
|
11/9/21
|
2/24/22
|
5/5/22
|
8/4/22
|
11/9/22
|
2/23/23
|
5/4/23
|
8/3/23
|
11/9/23
|
3/1/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
780
|
495
|
470
|
437
|
420
|
360
|
324
|
229
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.452
x
|
0.9538
x
|
0.7784
x
|
0.7876
x
|
0.7605
x
|
0.7038
x
|
0.6085
x
|
0.4037
x
|
Free Cash Flow
1 |
304
|
463
|
251
|
276
|
235
|
72
|
111
|
129
|
ROE (net income / shareholders' equity)
|
25%
|
31.8%
|
33.6%
|
25.1%
|
6.27%
|
9.29%
|
10.6%
|
12.3%
|
ROA (Net income/ Total Assets)
|
-
|
5.25%
|
-
|
-
|
-
|
-
|
-
|
-
|
Assets
1 |
-
|
-369.6
|
-
|
-
|
-
|
-
|
-
|
-
|
Book Value Per Share
2 |
3.400
|
2.910
|
4.420
|
5.330
|
5.130
|
5.700
|
6.110
|
6.790
|
Cash Flow per Share
2 |
2.120
|
2.860
|
1.990
|
2.110
|
1.880
|
1.790
|
1.890
|
1.980
|
Capex
1 |
120
|
109
|
148
|
146
|
141
|
233
|
238
|
186
|
Capex / Sales
|
3.12%
|
2.61%
|
3.4%
|
3.32%
|
3.3%
|
5.45%
|
5.46%
|
4.1%
|
Announcement Date
|
3/17/20
|
3/9/21
|
2/24/22
|
2/23/23
|
3/1/24
|
-
|
-
|
-
|
Last Close Price
3.725
EUR Average target price
4.371
EUR Spread / Average Target +17.35% Consensus |
1st Jan change
|
Capi.
|
---|
| -20.13% | 795M | | -6.13% | 126B | | +5.09% | 65.42B | | -13.41% | 48.51B | | -10.93% | 16.08B | | +22.81% | 8.2B | | -10.03% | 7.24B | | -59.73% | 7.17B | | +30.89% | 5.68B | | -20.63% | 4.51B |
Other Air Freight & Logistics
|