|
Fiscal Period: October
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
Capitalization1 |
23 116 | 21 834 | 26 274 | 22 961 | 25 649 | 24 775 | - | - |
Enterprise Value (EV)1 |
23 282 | 21 411 | 25 845 | 25 650 | 28 102 | 26 873 | 26 617 | 26 159 |
P/E ratio |
23,3x | 22,7x | 29,3x | 25,5x | 25,8x | 24,0x | 22,4x | 20,7x |
Yield |
1,73% | 2,05% | 1,91% | 2,32% | 2,21% | 2,42% | 2,57% | 2,68% |
Capitalization / Revenue |
2,42x | 2,30x | 2,73x | 2,02x | 2,06x | 1,94x | 1,89x | 1,85x |
EV / Revenue |
2,44x | 2,25x | 2,69x | 2,25x | 2,26x | 2,11x | 2,03x | 1,96x |
EV / EBITDA |
16,9x | 15,7x | 19,8x | 18,4x | 17,8x | 16,3x | 15,4x | 14,6x |
Enterprise Value (EV) / FCF |
27,0x | 32,1x | 34,0x | 33,3x | 32,8x | 24,9x | 20,4x | 21,5x |
FCF Yield |
3,70% | 3,11% | 2,94% | 3,00% | 3,05% | 4,01% | 4,91% | 4,66% |
Price to Book |
3,93x | 3,69x | 4,07x | 3,16x | 3,40x | 3,25x | 3,02x | 2,85x |
Nbr of stocks (in thousands) |
533 118 | 533 970 | 539 608 | 542 557 | 546 198 | 546 424 | - | - |
Reference price (USD) |
43,4 | 40,9 | 48,7 | 42,3 | 47,0 | 45,3 | 45,3 | 45,3 |
Announcement Date |
11/20/2018 | 11/26/2019 | 11/24/2020 | 12/09/2021 | 11/30/2022 | - | - | - |
1 USD in Million |
|
|
Income Statement Evolution (Annual data) |
|
Fiscal Period: October
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
Net sales1 |
9 546 | 9 497 | 9 608 | 11 386 | 12 459 | 12 766 | 13 093 | 13 379 |
EBITDA1 |
1 378 | 1 361 | 1 306 | 1 394 | 1 575 | 1 649 | 1 732 | 1 792 |
Operating profit (EBIT)1 |
1 216 | 1 196 | 1 100 | 1 166 | 1 313 | 1 372 | 1 464 | 1 546 |
Operating Margin |
12,7% | 12,6% | 11,5% | 10,2% | 10,5% | 10,8% | 11,2% | 11,6% |
Pre-Tax Profit (EBT)1 |
1 181 | 1 210 | 1 115 | 1 126 | 1 278 | 1 330 | 1 433 | 1 539 |
Net income1 |
1 012 | 979 | 908 | 909 | 1 000 | 1 036 | 1 114 | 1 201 |
Net margin |
10,6% | 10,3% | 9,45% | 7,98% | 8,03% | 8,12% | 8,51% | 8,98% |
EPS2 |
1,86 | 1,80 | 1,66 | 1,66 | 1,82 | 1,89 | 2,02 | 2,20 |
Free Cash Flow1 |
862 | 667 | 761 | 770 | 856 | 1 079 | 1 307 | 1 219 |
FCF margin |
9,03% | 7,02% | 7,92% | 6,76% | 6,87% | 8,45% | 9,99% | 9,11% |
FCF Conversion |
62,5% | 49,0% | 58,2% | 55,2% | 54,3% | 65,4% | 75,5% | 68,0% |
Dividend per Share2 |
0,75 | 0,84 | 0,93 | 0,98 | 1,04 | 1,10 | 1,16 | 1,22 |
Announcement Date |
11/20/2018 | 11/26/2019 | 11/24/2020 | 12/09/2021 | 11/30/2022 | - | - | - |
1 USD in Million 2 USD |
|
|
Income Statement Evolution (Quarterly data) |
|
Fiscal Period: October
|
2020 Q3 |
2020 Q4 |
2021 Q1 |
2021 Q2 |
2021 Q3 |
2021 Q4 |
2022 Q1 |
2022 Q2 |
2022 Q3 |
2022 Q4 |
2023 Q1 |
2023 Q2 |
2023 Q3 |
2023 Q4 |
2024 Q1 |
Net sales1 |
2 381 | 2 420 | 2 461 | 2 607 | 2 864 | 3 455 | 3 044 | 3 097 | 3 034 | 3 283 | 3 091 | 3 157 | 3 121 | 3 387 | 3 237 |
EBITDA1 |
299 | 333 | 319 | 342 | 307 | 424 | 384 | 397 | 356 | 438 | 406 | 418 | 392 | 448 | 427 |
Operating profit (EBIT)1 |
250 | 277 | 268 | 289 | 248 | 358 | 320 | 335 | 291 | 367 | 332 | 347 | 320 | 369 | 343 |
Operating Margin |
10,5% | 11,4% | 10,9% | 11,1% | 8,65% | 10,4% | 10,5% | 10,8% | 9,59% | 11,2% | 10,7% | 11,0% | 10,3% | 10,9% | 10,6% |
Pre-Tax Profit (EBT)1 |
259 | 279 | 277 | 293 | 204 | 352 | 309 | 322 | 290 | 357 | 320 | 336 | 308 | 364 | 332 |
Net income1 |
203 | 234 | 222 | 228 | 177 | 282 | 240 | 262 | 219 | 280 | 249 | 262 | 240 | 284 | 260 |
Net margin |
8,53% | 9,68% | 9,03% | 8,74% | 6,18% | 8,16% | 7,87% | 8,45% | 7,21% | 8,52% | 8,07% | 8,30% | 7,70% | 8,38% | 8,04% |
EPS2 |
0,37 | 0,43 | 0,41 | 0,42 | 0,32 | 0,51 | 0,44 | 0,48 | 0,40 | 0,51 | 0,45 | 0,48 | 0,44 | 0,51 | 0,47 |
Dividend per Share2 |
0,23 | 0,23 | 0,25 | 0,25 | 0,25 | 0,25 | 0,26 | 0,26 | 0,26 | 0,26 | 0,27 | 0,28 | 0,28 | 0,28 | 0,29 |
Announcement Date |
08/25/2020 | 11/24/2020 | 02/18/2021 | 05/20/2021 | 09/02/2021 | 12/09/2021 | 03/01/2022 | 06/02/2022 | 09/01/2022 | 11/30/2022 | - | - | - | - | - |
1 USD in Million 2 USD |
|
|
|
Fiscal Period: October
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
Net Debt1 |
166 | - | - | 2 689 | 2 453 | 2 098 | 1 842 | 1 384 |
Net Cash position1 |
- | 423 | 428 | - | - | - | - | - |
Leverage (Debt / EBITDA) |
0,12x | -0,31x | -0,33x | 1,93x | 1,56x | 1,27x | 1,06x | 0,77x |
Free Cash Flow1 |
862 | 667 | 761 | 770 | 856 | 1 079 | 1 307 | 1 219 |
ROE (Net Profit / Equities) |
18,0% | 15,5% | 13,8% | 12,9% | 13,8% | 13,5% | 14,0% | 13,6% |
Shareholders' equity1 |
5 623 | 6 302 | 6 575 | 7 041 | 7 254 | 7 677 | 7 980 | 8 846 |
ROA (Net Profit / Asset) |
12,8% | 11,6% | 10,1% | 8,04% | 7,69% | 7,77% | 8,72% | 9,20% |
Assets1 |
7 921 | 8 413 | 9 009 | 11 302 | 13 002 | 13 343 | 12 781 | 13 049 |
Book Value Per Share2 |
11,0 | 11,1 | 12,0 | 13,4 | 13,8 | 14,0 | 15,0 | 15,9 |
Cash Flow per Share2 |
2,28 | 1,69 | 2,06 | 1,83 | 2,07 | 3,17 | 3,57 | 2,97 |
Capex1 |
380 | 256 | 368 | 232 | 279 | 352 | 332 | 317 |
Capex / Sales |
3,98% | 2,70% | 3,82% | 2,04% | 2,24% | 2,76% | 2,53% | 2,37% |
Announcement Date |
11/20/2018 | 11/26/2019 | 11/24/2020 | 12/09/2021 | 11/30/2022 | - | - | - |
1 USD in Million 2 USD |
|
| |
|
|
History shows stocks can weather rate hike cycle |
Capitalization (USD) |
24 774 872 955 |
Net sales (USD) |
12 458 806 000 |
Number of employees |
20 000 |
Sales / Employee (USD) |
622 940 |
Free-Float |
52,6% |
Free-Float capitalization (USD) |
13 019 750 430 |
Avg. Exchange 20 sessions (USD) |
81 100 100 |
Average Daily Capital Traded |
0,33% |
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
|