Real-time Estimate
Tradegate
06:17:58 2024-06-10 am EDT
|
5-day change
|
1st Jan Change
|
39.16
EUR
|
-0.85%
|
|
+1.35%
|
-12.67%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
42,020
|
50,182
|
69,241
|
42,394
|
53,030
|
46,132
|
-
|
-
|
Enterprise Value (EV)
1 |
56,132
|
63,110
|
85,607
|
58,250
|
70,769
|
65,184
|
65,004
|
64,336
|
P/E ratio
|
16.3
x
|
17.2
x
|
14.1
x
|
8.12
x
|
14.8
x
|
13.5
x
|
11.6
x
|
10.7
x
|
Yield
|
3.68%
|
3.33%
|
3.18%
|
5.26%
|
4.12%
|
4.75%
|
4.91%
|
5.11%
|
Capitalization / Revenue
|
0.66
x
|
0.75
x
|
0.85
x
|
0.45
x
|
0.65
x
|
0.55
x
|
0.53
x
|
0.51
x
|
EV / Revenue
|
0.89
x
|
0.94
x
|
1.05
x
|
0.62
x
|
0.87
x
|
0.78
x
|
0.74
x
|
0.71
x
|
EV / EBITDA
|
7.19
x
|
7.27
x
|
7.29
x
|
4.62
x
|
6.54
x
|
6.11
x
|
5.58
x
|
5.26
x
|
EV / FCF
|
64.7
x
|
24.9
x
|
20.9
x
|
19
x
|
24.1
x
|
22.4
x
|
20.5
x
|
18.3
x
|
FCF Yield
|
1.54%
|
4.02%
|
4.78%
|
5.27%
|
4.16%
|
4.46%
|
4.88%
|
5.45%
|
Price to Book
|
2.97
x
|
3.64
x
|
3.66
x
|
1.84
x
|
2.8
x
|
1.99
x
|
1.88
x
|
1.74
x
|
Nbr of stocks (in thousands)
|
1,235,524
|
1,239,059
|
1,224,639
|
1,205,059
|
1,182,263
|
1,167,890
|
-
|
-
|
Reference price
2 |
34.01
|
40.50
|
56.54
|
35.18
|
44.86
|
39.50
|
39.50
|
39.50
|
Announcement Date
|
3/10/20
|
3/9/21
|
3/9/22
|
3/9/23
|
3/6/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
63,341
|
66,806
|
81,747
|
94,436
|
81,758
|
83,667
|
87,397
|
91,010
|
EBITDA
1 |
7,812
|
8,677
|
11,746
|
12,613
|
10,822
|
10,661
|
11,654
|
12,234
|
EBIT
1 |
4,128
|
4,847
|
7,978
|
8,436
|
6,345
|
6,053
|
6,810
|
7,302
|
Operating Margin
|
6.52%
|
7.26%
|
9.76%
|
8.93%
|
7.76%
|
7.23%
|
7.79%
|
8.02%
|
Earnings before Tax (EBT)
1 |
3,474
|
4,171
|
7,359
|
7,911
|
5,516
|
5,218
|
5,942
|
6,395
|
Net income
1 |
2,623
|
2,979
|
5,053
|
5,359
|
3,677
|
3,484
|
3,990
|
4,273
|
Net margin
|
4.14%
|
4.46%
|
6.18%
|
5.67%
|
4.5%
|
4.16%
|
4.57%
|
4.69%
|
EPS
2 |
2.090
|
2.360
|
4.010
|
4.330
|
3.040
|
2.924
|
3.404
|
3.680
|
Free Cash Flow
1 |
867
|
2,535
|
4,092
|
3,067
|
2,942
|
2,905
|
3,173
|
3,507
|
FCF margin
|
1.37%
|
3.79%
|
5.01%
|
3.25%
|
3.6%
|
3.47%
|
3.63%
|
3.85%
|
FCF Conversion (EBITDA)
|
11.1%
|
29.22%
|
34.84%
|
24.32%
|
27.19%
|
27.25%
|
27.23%
|
28.67%
|
FCF Conversion (Net income)
|
33.05%
|
85.1%
|
80.98%
|
57.23%
|
80.01%
|
83.4%
|
79.52%
|
82.09%
|
Dividend per Share
2 |
1.250
|
1.350
|
1.800
|
1.850
|
1.850
|
1.875
|
1.941
|
2.017
|
Announcement Date
|
3/10/20
|
3/9/21
|
3/9/22
|
3/9/23
|
3/6/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 S1
|
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
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
31,446
|
-
|
23,378
|
22,593
|
24,029
|
46,622
|
24,038
|
23,776
|
20,918
|
20,094
|
41,012
|
19,398
|
21,348
|
20,251
|
20,418
|
20,056
|
22,215
|
21,544
|
20,931
|
EBITDA
1 |
-
|
-
|
3,125
|
3,168
|
3,346
|
-
|
3,087
|
3,035
|
2,709
|
2,777
|
-
|
2,490
|
2,846
|
2,385
|
2,637
|
2,591
|
2,917
|
2,639
|
2,845
|
EBIT
1 |
1,504
|
3,994
|
2,213
|
2,159
|
2,337
|
4,496
|
2,041
|
1,922
|
1,638
|
1,693
|
3,331
|
1,372
|
1,642
|
1,314
|
1,434
|
1,509
|
1,921
|
1,509
|
1,711
|
Operating Margin
|
4.78%
|
-
|
9.47%
|
9.56%
|
9.73%
|
9.64%
|
8.49%
|
8.08%
|
7.83%
|
8.43%
|
8.12%
|
7.07%
|
7.69%
|
6.49%
|
7.02%
|
7.52%
|
8.65%
|
7%
|
8.17%
|
Earnings before Tax (EBT)
1 |
1,198
|
3,675
|
2,055
|
2,036
|
2,191
|
4,227
|
1,889
|
1,795
|
1,413
|
1,473
|
2,886
|
1,210
|
1,420
|
1,146
|
1,302
|
1,275
|
1,439
|
1,338
|
1,466
|
Net income
1 |
826
|
2,482
|
1,484
|
1,351
|
1,461
|
2,812
|
1,228
|
1,335
|
911
|
1,031
|
2,020
|
807
|
981
|
743
|
799.9
|
849.7
|
1,153
|
863.7
|
995.4
|
Net margin
|
2.63%
|
-
|
6.35%
|
5.98%
|
6.08%
|
6.03%
|
5.11%
|
5.61%
|
4.36%
|
5.13%
|
4.93%
|
4.16%
|
4.6%
|
3.67%
|
3.92%
|
4.24%
|
5.19%
|
4.01%
|
4.76%
|
EPS
2 |
0.6600
|
1.960
|
1.210
|
1.080
|
1.170
|
2.250
|
1.010
|
1.070
|
0.7500
|
0.8000
|
1.550
|
0.6800
|
0.8100
|
0.6200
|
0.6948
|
0.7372
|
0.9873
|
0.7355
|
0.8527
|
Dividend per Share
2 |
-
|
-
|
1.800
|
-
|
-
|
-
|
-
|
1.850
|
-
|
-
|
-
|
-
|
1.850
|
-
|
-
|
-
|
1.900
|
-
|
-
|
Announcement Date
|
8/5/20
|
8/5/21
|
3/9/22
|
5/3/22
|
8/5/22
|
8/5/22
|
11/8/22
|
3/9/23
|
5/3/23
|
8/1/23
|
8/1/23
|
11/8/23
|
3/6/24
|
5/7/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
14,112
|
12,928
|
16,366
|
15,856
|
17,739
|
19,052
|
18,873
|
18,205
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.806
x
|
1.49
x
|
1.393
x
|
1.257
x
|
1.639
x
|
1.787
x
|
1.619
x
|
1.488
x
|
Free Cash Flow
1 |
867
|
2,535
|
4,092
|
3,067
|
2,942
|
2,905
|
3,173
|
3,507
|
ROE (net income / shareholders' equity)
|
19.3%
|
21.4%
|
30.8%
|
25.4%
|
19.2%
|
15.1%
|
16.6%
|
16.8%
|
ROA (Net income/ Total Assets)
|
5.11%
|
5.54%
|
8.5%
|
8.13%
|
7.98%
|
5.19%
|
5.67%
|
5.99%
|
Assets
1 |
51,320
|
53,738
|
59,450
|
65,935
|
46,080
|
67,064
|
70,417
|
71,303
|
Book Value Per Share
2 |
11.40
|
11.10
|
15.40
|
19.10
|
16.00
|
19.80
|
21.00
|
22.70
|
Cash Flow per Share
2 |
4.810
|
6.220
|
8.110
|
9.030
|
7.790
|
5.570
|
5.870
|
5.680
|
Capex
1 |
3,612
|
2,999
|
3,546
|
4,123
|
3,370
|
3,238
|
3,516
|
3,682
|
Capex / Sales
|
5.7%
|
4.49%
|
4.34%
|
4.37%
|
4.12%
|
3.87%
|
4.02%
|
4.05%
|
Announcement Date
|
3/10/20
|
3/9/21
|
3/9/22
|
3/9/23
|
3/6/24
|
-
|
-
|
-
|
Last Close Price
39.5
EUR Average target price
45.08
EUR Spread / Average Target +14.14% Consensus |
1st Jan change
|
Capi.
|
---|
| -12.23% | 49.86B | | -2.07% | 60.96B | | -1.36% | 17.72B | | +34.96% | 9.14B | | -49.30% | 9.05B | | -26.26% | 5.93B | | -19.38% | 5.89B | | +26.91% | 5.43B | | +0.25% | 4.27B | | +22.97% | 4.08B |
Other Air Freight & Logistics
|