Market Closed -
Borsa Italiana
11:44:59 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
10.03
EUR
|
+1.16%
|
|
-1.38%
|
+17.53%
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Capitalization
1 |
3,728
|
6,490
|
5,214
|
6,392
|
5,755
|
7,434
|
7,434
|
-
|
Enterprise Value (EV)
1 |
3,749
|
6,419
|
4,233
|
6,801
|
4,075
|
6,325
|
6,989
|
6,928
|
P/E ratio
|
14.7
x
|
11.5
x
|
12
x
|
8.99
x
|
11.1
x
|
9.62
x
|
8.96
x
|
8.83
x
|
Yield
|
7.86%
|
6.21%
|
11%
|
5.3%
|
6.41%
|
5.74%
|
7.32%
|
7.49%
|
Capitalization / Revenue
|
2.28
x
|
3.04
x
|
2.97
x
|
3.14
x
|
2.61
x
|
3.55
x
|
2.68
x
|
2.58
x
|
EV / Revenue
|
2.3
x
|
3.01
x
|
2.41
x
|
3.34
x
|
1.85
x
|
3.55
x
|
2.52
x
|
2.4
x
|
EV / EBITDA
|
7.62
x
|
7.03
x
|
7.1
x
|
5.07
x
|
2.71
x
|
5.87
x
|
5.96
x
|
5.92
x
|
EV / FCF
|
-
|
19.6
x
|
-
|
8.02
x
|
1.82
x
|
8.15
x
|
8.98
x
|
8.61
x
|
FCF Yield
|
-
|
5.11%
|
-
|
12.5%
|
54.9%
|
12.3%
|
11.1%
|
11.6%
|
Price to Book
|
1.81
x
|
2.77
x
|
1.91
x
|
2.22
x
|
1.96
x
|
2.18
x
|
1.97
x
|
1.82
x
|
Nbr of stocks (in thousands)
|
732,388
|
732,874
|
734,369
|
736,438
|
738,063
|
741,185
|
741,185
|
-
|
Reference price
2 |
5.090
|
8.855
|
7.100
|
8.680
|
7.798
|
10.03
|
10.03
|
10.03
|
Announcement Date
|
2/11/19
|
2/11/20
|
2/11/21
|
2/10/22
|
2/8/23
|
2/8/24
|
-
|
-
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net sales
1 |
1,632
|
2,134
|
1,755
|
2,036
|
2,208
|
1,782
|
2,776
|
2,887
|
EBITDA
1 |
492
|
912.8
|
595.8
|
1,343
|
1,502
|
1,077
|
1,173
|
1,171
|
EBIT
1 |
454.8
|
876.5
|
559.1
|
1,304
|
1,461
|
1,032
|
1,132
|
1,123
|
Operating Margin
|
27.88%
|
41.07%
|
31.86%
|
64.03%
|
66.16%
|
57.91%
|
40.76%
|
38.9%
|
Earnings before Tax (EBT)
1 |
333.2
|
739
|
531.4
|
890.5
|
661.6
|
1,067
|
1,108
|
1,113
|
Net income
1 |
255.7
|
565.4
|
434.5
|
713.1
|
521.8
|
821.9
|
832.3
|
840.1
|
Net margin
|
15.67%
|
26.49%
|
24.76%
|
35.02%
|
23.64%
|
46.12%
|
29.98%
|
29.1%
|
EPS
2 |
0.3470
|
0.7670
|
0.5911
|
0.9650
|
0.7010
|
1.042
|
1.120
|
1.136
|
Free Cash Flow
1 |
-
|
328.1
|
-
|
848.5
|
2,236
|
712
|
778
|
805
|
FCF margin
|
-
|
15.37%
|
-
|
41.67%
|
101.28%
|
28.05%
|
28.02%
|
27.89%
|
FCF Conversion (EBITDA)
|
-
|
35.94%
|
-
|
63.2%
|
148.92%
|
66.22%
|
66.32%
|
68.76%
|
FCF Conversion (Net income)
|
-
|
58.02%
|
-
|
118.99%
|
428.51%
|
91.9%
|
93.48%
|
95.82%
|
Dividend per Share
2 |
0.4000
|
0.5500
|
0.7800
|
0.4600
|
0.5000
|
0.5757
|
0.7341
|
0.7509
|
Announcement Date
|
2/11/19
|
2/11/20
|
2/11/21
|
2/10/22
|
2/8/23
|
2/8/24
|
-
|
-
|
Fiscal Period: December |
2019 S1
|
2020 S1
|
2021 Q2
|
2021 S1
|
2021 Q3
|
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
|
---|
Net sales
1 |
-
|
-
|
440.3
|
-
|
508.6
|
541.7
|
460.2
|
533.4
|
-
|
525
|
618.7
|
588.1
|
607
|
-
|
620.2
|
471
|
671
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
143.8
|
1,117
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
-
|
124.7
|
-
|
134.3
|
1,106
|
143.5
|
167.6
|
-
|
186.8
|
407.7
|
237.7
|
367.7
|
-
|
-
|
264.2
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
-
|
28.32%
|
-
|
26.41%
|
204.24%
|
31.18%
|
31.42%
|
-
|
35.58%
|
65.9%
|
40.41%
|
60.58%
|
-
|
-
|
56.09%
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
1 |
214.5
|
184.9
|
174.8
|
349.3
|
130.3
|
410.8
|
143.6
|
154.3
|
297.9
|
169.7
|
194
|
235.4
|
241.6
|
477
|
275
|
315.1
|
271
|
-
|
-
|
-
|
Net income
1 |
171.3
|
150.5
|
135.4
|
268.7
|
97.2
|
337.2
|
114.3
|
123.6
|
237.9
|
133.6
|
150.3
|
178.3
|
185
|
363.3
|
208.8
|
249.7
|
209.4
|
183.9
|
201.7
|
213.6
|
Net margin
|
-
|
-
|
30.75%
|
-
|
19.11%
|
62.24%
|
24.84%
|
23.17%
|
-
|
25.46%
|
24.29%
|
30.31%
|
30.49%
|
-
|
33.67%
|
53.02%
|
31.21%
|
-
|
-
|
-
|
EPS
2 |
-
|
-
|
0.1830
|
-
|
0.1450
|
0.4560
|
-
|
-
|
-
|
0.1790
|
-
|
0.2390
|
0.2490
|
-
|
0.2810
|
0.2759
|
0.2898
|
0.2482
|
0.2722
|
0.2883
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
0.4600
|
-
|
-
|
-
|
-
|
0.2600
|
-
|
-
|
-
|
-
|
0.5700
|
-
|
-
|
-
|
0.7500
|
Announcement Date
|
7/31/19
|
7/29/20
|
7/29/21
|
7/29/21
|
11/10/21
|
2/10/22
|
5/10/22
|
8/3/22
|
8/3/22
|
11/9/22
|
2/8/23
|
5/10/23
|
8/1/23
|
8/1/23
|
11/9/23
|
2/8/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net Debt
1 |
20.9
|
-
|
-
|
409
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
-
|
70.7
|
982
|
-
|
1,681
|
1,630
|
445
|
506
|
Leverage (Debt/EBITDA)
|
0.0425
x
|
-
|
-
|
0.3048
x
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
-
|
328
|
-
|
848
|
2,236
|
712
|
778
|
805
|
ROE (net income / shareholders' equity)
|
12%
|
25.7%
|
17.1%
|
25.4%
|
17.9%
|
24.4%
|
22.7%
|
20.7%
|
ROA (Net income/ Total Assets)
|
0.56%
|
1.12%
|
-
|
-
|
0.71%
|
1%
|
1%
|
1%
|
Assets
1 |
45,319
|
50,404
|
-
|
-
|
73,555
|
77,476
|
83,230
|
84,009
|
Book Value Per Share
2 |
2.810
|
3.190
|
3.730
|
3.910
|
3.980
|
4.610
|
5.100
|
5.500
|
Cash Flow per Share
2 |
0.4800
|
0.4900
|
-0.0100
|
1.230
|
3.080
|
1.750
|
3.350
|
7.020
|
Capex
1 |
43.8
|
35.2
|
42.8
|
60.8
|
59.5
|
44.3
|
54.5
|
55.7
|
Capex / Sales
|
2.68%
|
1.65%
|
2.44%
|
2.99%
|
2.69%
|
1.74%
|
1.96%
|
1.93%
|
Announcement Date
|
2/11/19
|
2/11/20
|
2/11/21
|
2/10/22
|
2/8/23
|
2/8/24
|
-
|
-
|
Last Close Price
10.03
EUR Average target price
11.44
EUR Spread / Average Target +14.07% Consensus |
1st Jan change
|
Capi.
|
---|
| +17.53% | 7.94B | | +13.75% | 556B | | +12.36% | 298B | | +8.64% | 247B | | +21.72% | 210B | | +16.11% | 170B | | +6.88% | 162B | | +4.42% | 153B | | +0.10% | 139B | | -11.67% | 138B |
Other Banks
|