Market Closed -
Börse Stuttgart
09:43:21 2019-06-28 am EDT
|
5-day change
|
1st Jan Change
|
47.16
EUR
|
-1.30%
|
|
+0.64%
|
-5.96%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
12,755
|
12,291
|
14,175
|
13,103
|
11,658
|
9,901
|
-
|
-
|
Enterprise Value (EV)
1 |
11,407
|
10,594
|
11,619
|
11,309
|
9,672
|
7,551
|
7,371
|
7,236
|
P/E ratio
|
19.1
x
|
-244
x
|
18.9
x
|
16.9
x
|
13.6
x
|
11.7
x
|
10.4
x
|
9.6
x
|
Yield
|
2.96%
|
1.45%
|
1.97%
|
2.28%
|
2.84%
|
3.53%
|
3.97%
|
4.31%
|
Capitalization / Revenue
|
1.55
x
|
2.2
x
|
1.94
x
|
1.75
x
|
1.48
x
|
1.25
x
|
1.19
x
|
1.15
x
|
EV / Revenue
|
1.38
x
|
1.89
x
|
1.59
x
|
1.51
x
|
1.23
x
|
0.95
x
|
0.89
x
|
0.84
x
|
EV / EBITDA
|
7.59
x
|
20.6
x
|
7.96
x
|
7.23
x
|
6.12
x
|
4.84
x
|
4.35
x
|
4.09
x
|
EV / FCF
|
14.7
x
|
18.6
x
|
11.6
x
|
33.6
x
|
-56.9
x
|
8.99
x
|
12
x
|
11
x
|
FCF Yield
|
6.82%
|
5.38%
|
8.63%
|
2.98%
|
-1.76%
|
11.1%
|
8.33%
|
9.07%
|
Price to Book
|
1.21
x
|
1.14
x
|
1.24
x
|
1.13
x
|
0.97
x
|
0.78
x
|
0.76
x
|
0.73
x
|
Nbr of stocks (in thousands)
|
48,367
|
51,619
|
51,771
|
51,808
|
51,836
|
51,872
|
-
|
-
|
Reference price
2 |
270.0
|
241.5
|
279.0
|
263.0
|
228.6
|
193.2
|
193.2
|
193.2
|
Announcement Date
|
1/30/20
|
1/28/21
|
1/25/22
|
1/24/23
|
1/23/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
8,243
|
5,595
|
7,313
|
7,499
|
7,888
|
7,909
|
8,294
|
8,617
|
EBITDA
1 |
1,503
|
515
|
1,459
|
1,565
|
1,581
|
1,560
|
1,694
|
1,768
|
EBIT
1 |
1,023
|
52
|
1,021
|
1,158
|
1,191
|
1,163
|
1,279
|
1,351
|
Operating Margin
|
12.41%
|
0.93%
|
13.96%
|
15.44%
|
15.1%
|
14.7%
|
15.42%
|
15.68%
|
Earnings before Tax (EBT)
1 |
1,004
|
36
|
1,011
|
1,096
|
1,152
|
1,178
|
1,293
|
1,374
|
Net income
1 |
730
|
-51
|
765
|
807
|
869
|
826.8
|
907.5
|
959.2
|
Net margin
|
8.86%
|
-0.91%
|
10.46%
|
10.76%
|
11.02%
|
10.45%
|
10.94%
|
11.13%
|
EPS
2 |
14.17
|
-0.9900
|
14.77
|
15.56
|
16.75
|
16.57
|
18.54
|
20.12
|
Free Cash Flow
1 |
778
|
570
|
1,003
|
337
|
-170
|
839.7
|
613.6
|
656
|
FCF margin
|
9.44%
|
10.19%
|
13.72%
|
4.49%
|
-2.16%
|
10.62%
|
7.4%
|
7.61%
|
FCF Conversion (EBITDA)
|
51.76%
|
110.68%
|
68.75%
|
21.53%
|
-
|
53.84%
|
36.22%
|
37.1%
|
FCF Conversion (Net income)
|
106.58%
|
-
|
131.11%
|
41.76%
|
-
|
101.56%
|
67.62%
|
68.39%
|
Dividend per Share
2 |
8.000
|
3.500
|
5.500
|
6.000
|
6.500
|
6.815
|
7.667
|
8.315
|
Announcement Date
|
1/30/20
|
1/28/21
|
1/25/22
|
1/24/23
|
1/23/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
---|
Net sales
1 |
4,170
|
2,197
|
3,398
|
3,392
|
3,921
|
3,612
|
3,887
|
4,019
|
3,869
|
3,817
|
4,052
|
EBITDA
|
716
|
-86
|
601
|
623
|
858
|
709
|
-
|
878
|
703
|
-
|
-
|
EBIT
1 |
476
|
-321
|
379
|
402
|
619
|
503
|
655
|
686
|
505
|
534.7
|
579
|
Operating Margin
|
11.41%
|
-14.61%
|
11.15%
|
11.85%
|
15.79%
|
13.93%
|
16.85%
|
17.07%
|
13.05%
|
14.01%
|
14.29%
|
Earnings before Tax (EBT)
|
464
|
-344
|
380
|
402
|
609
|
443
|
-
|
-
|
500
|
-
|
-
|
Net income
|
315
|
-303
|
252
|
267
|
498
|
311
|
-
|
486
|
383
|
-
|
-
|
Net margin
|
7.55%
|
-13.79%
|
7.42%
|
7.87%
|
12.7%
|
8.61%
|
-
|
12.09%
|
9.9%
|
-
|
-
|
EPS
|
6.360
|
-
|
4.880
|
5.150
|
9.620
|
-
|
9.560
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
1/30/20
|
7/14/20
|
1/28/21
|
7/12/21
|
1/25/22
|
7/14/22
|
1/24/23
|
7/13/23
|
1/23/24
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
1,348
|
1,697
|
2,556
|
1,794
|
1,986
|
2,350
|
2,530
|
2,665
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
778
|
570
|
1,003
|
337
|
-170
|
840
|
614
|
656
|
ROE (net income / shareholders' equity)
|
6.6%
|
-0.46%
|
6.82%
|
6.86%
|
7.19%
|
6.23%
|
6.61%
|
6.18%
|
ROA (Net income/ Total Assets)
|
5.34%
|
-0.38%
|
5.76%
|
5.85%
|
6.18%
|
4.49%
|
4.62%
|
3.79%
|
Assets
1 |
13,677
|
13,295
|
13,287
|
13,785
|
14,061
|
18,413
|
19,642
|
25,338
|
Book Value Per Share
2 |
223.0
|
212.0
|
224.0
|
233.0
|
236.0
|
246.0
|
256.0
|
263.0
|
Cash Flow per Share
2 |
23.80
|
15.80
|
25.10
|
14.00
|
11.90
|
24.10
|
25.40
|
27.00
|
Capex
1 |
446
|
249
|
295
|
387
|
785
|
530
|
499
|
469
|
Capex / Sales
|
5.41%
|
4.45%
|
4.03%
|
5.16%
|
9.95%
|
6.7%
|
6.02%
|
5.44%
|
Announcement Date
|
1/30/20
|
1/28/21
|
1/25/22
|
1/24/23
|
1/23/24
|
-
|
-
|
-
|
Last Close Price
193.2
CHF Average target price
229
CHF Spread / Average Target +18.59% Consensus |
1st Jan change
|
Capi.
|
---|
| +20.93% | 1.58B | | +69.64% | 1.18B | | -12.11% | 589M | | -12.17% | 562M | | -11.41% | 514M | | -11.22% | 378M | | -20.64% | 160M | | -16.13% | 103M | | +2.63% | 89.83M |
Watches
|