Financials Schneider Electric SE

Equities

SU

FR0000121972

Electrical Components & Equipment

Market Closed - Euronext Paris Other stock markets 11:39:45 2024-05-28 am EDT			After market 03:02:03 pm
232.7 ^EUR	-0.62%		232.4	-0.11%

May. 23	SCHNEIDER ELECTRIC : Bernstein reiterates its Buy rating	ZD
May. 23	Schneider Electric, Bentley Systems Terminate Talks for Strategic Transaction	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	50,403	63,334	95,626	72,565	101,953	132,989	-	-
Enterprise Value (EV) ¹	54,195	66,895	102,753	76,126	111,320	140,594	137,992	135,585
P/E ratio	21.1 x	31 x	29.9 x	21.3 x	25.7 x	29.8 x	26.5 x	23.6 x
Yield	2.79%	2.2%	1.68%	2.41%	1.93%	1.58%	1.72%	1.87%
Capitalization / Revenue	1.86 x	2.52 x	3.31 x	2.12 x	2.84 x	3.52 x	3.26 x	3.03 x
EV / Revenue	2 x	2.66 x	3.55 x	2.23 x	3.1 x	3.72 x	3.39 x	3.09 x
EV / EBITDA	10.3 x	13.6 x	17.2 x	10.8 x	15 x	17.8 x	15.8 x	14.2 x
EV / FCF	15.6 x	18.2 x	36.7 x	22.9 x	24.2 x	32.3 x	28.3 x	25.2 x
FCF Yield	6.41%	5.49%	2.72%	4.37%	4.13%	3.1%	3.54%	3.97%
Price to Book	2.36 x	3.18 x	3.93 x	3 x	3.89 x	4.64 x	4.22 x	3.82 x
Nbr of stocks (in thousands)	550,856	535,371	554,483	555,118	560,858	559,599	-	-
Reference price ²	91.50	118.3	172.5	130.7	181.8	237.6	237.6	237.6
Announcement Date	2/20/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	27,158	25,159	28,905	34,176	35,902	37,821	40,738	43,889
EBITDA ¹	5,240	4,929	5,991	7,075	7,442	7,880	8,712	9,570
EBIT ¹	4,238	3,926	4,987	6,017	6,412	6,764	7,559	8,424
Operating Margin	15.6%	15.6%	17.25%	17.61%	17.86%	17.89%	18.55%	19.19%
Earnings before Tax (EBT) ¹	3,138	2,810	4,155	4,718	5,403	5,913	6,689	7,589
Net income ¹	2,413	2,126	3,204	3,477	4,033	4,509	5,090	5,747
Net margin	8.89%	8.45%	11.08%	10.17%	11.23%	11.92%	12.5%	13.09%
EPS ²	4.330	3.810	5.761	6.150	7.070	7.962	8.982	10.07
Free Cash Flow ¹	3,476	3,673	2,799	3,330	4,594	4,358	4,878	5,387
FCF margin	12.8%	14.6%	9.68%	9.74%	12.8%	11.52%	11.97%	12.27%
FCF Conversion (EBITDA)	66.34%	74.52%	46.72%	47.07%	61.73%	55.31%	56%	56.29%
FCF Conversion (Net income)	144.05%	172.77%	87.36%	95.77%	113.91%	96.65%	95.83%	93.75%
Dividend per Share ²	2.550	2.600	2.900	3.150	3.500	3.751	4.082	4.436
Announcement Date	2/20/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2020 S1	2020 S2	2021 S1	2021 Q3	2021 Q4	2021 S2	2022 Q1	2022 Q2	2022 S1	2022 Q3	2022 Q4	2022 S2	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2023 S2	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2024 S2	2025 S1
Net sales ¹	13,956	11,575	13,584	13,774	7,221	7,910	15,131	7,566	8,511	16,077	8,779	9,320	18,099	8,493	9,140	17,633	8,789	9,480	18,269	8,606	9,447	18,192	9,104	9,916	20,013	19,610
EBITDA	-	2,068	2,861	2,849	-	-	-	-	-	-	-	-	3,756	-	-	3,689	-	-	-	-	-	-	-	-	-	-
EBIT	2,278	1,576	2,350	2,362	-	-	2,625	-	-	2,782	-	-	3,235	-	-	3,174	-	-	3,238	-	-	3,221	-	-	3,658	3,531
Operating Margin	16.32%	13.62%	17.3%	17.15%	-	-	17.35%	-	-	17.3%	-	-	17.87%	-	-	18%	-	-	17.72%	-	-	17.71%	-	-	18.28%	18%
Earnings before Tax (EBT)	1,853	1,028	1,782	2,018	-	-	2,137	-	-	2,084	-	-	2,634	-	-	2,745	-	-	2,658	-	-	2,768	-	-	-	-
Net income	1,420	775	1,351	1,556	-	-	1,648	-	-	1,519	-	-	1,958	-	-	2,023	-	-	2,010	-	-	-	-	-	-	-
Net margin	10.17%	6.7%	9.95%	11.3%	-	-	10.89%	-	-	9.45%	-	-	10.82%	-	-	11.47%	-	-	11%	-	-	-	-	-	-	-
EPS	2.500	1.402	2.408	2.803	-	-	2.958	-	-	-	-	-	3.460	-	-	3.570	-	-	3.500	-	-	-	-	-	-	4.560
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/20/20	7/29/20	2/11/21	7/30/21	10/27/21	2/17/22	2/17/22	4/27/22	7/28/22	7/28/22	10/27/22	2/16/23	2/16/23	4/27/23	7/27/23	7/27/23	10/26/23	2/15/24	2/15/24	4/25/24	-	-	-	-	-	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	3,792	3,561	7,127	3,561	9,367	7,606	5,003	2,596
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.7237 x	0.7225 x	1.19 x	0.5033 x	1.259 x	0.9651 x	0.5743 x	0.2713 x
Free Cash Flow ¹	3,476	3,673	2,799	3,330	4,594	4,358	4,878	5,387
ROE (net income / shareholders' equity)	13.9%	10.1%	14.2%	13.9%	15.5%	17.2%	17.7%	17.8%
ROA (Net income/ Total Assets)	6.72%	4.5%	6.16%	6.16%	6.88%	7.74%	8.35%	8.77%
Assets ¹	35,895	47,242	52,015	56,458	58,634	58,221	60,962	65,521
Book Value Per Share ²	38.70	37.20	43.90	43.60	46.80	51.20	56.30	62.20
Cash Flow per Share ²	7.680	7.950	6.400	7.700	10.40	10.10	10.80	12.30
Capex ¹	806	762	876	1,024	1,313	1,354	1,417	1,467
Capex / Sales	2.97%	3.03%	3.03%	3%	3.66%	3.58%	3.48%	3.34%
Announcement Date	2/20/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Schneider Electric SE

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

237.6 EUR

Average target price

213.4 EUR

Spread / Average Target

-10.19%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Electrical Components & Equipment

	1st Jan change	Capi.
SCHNEIDER ELECTRIC SE	+28.01%	144B
SIEMENS AG	+4.32%	152B
EATON CORPORATION PLC	+40.77%	136B
EMERSON ELECTRIC CO.	+15.74%	64.88B
AMETEK, INC.	+2.68%	40.2B
VERTIV HOLDINGS CO	+119.51%	39.74B
WEG S.A.	+3.14%	31.09B
ROCKWELL AUTOMATION, INC.	-16.42%	30.12B
LEGRAND	+9.67%	29.48B
NIDEC CORPORATION	+40.32%	28.96B

Other Electrical Components & Equipment