Market Closed -
Borsa Italiana
11:44:59 2024-05-31 am EDT
|
5-day change
|
1st Jan Change
|
25.72
EUR
|
-0.69%
|
|
+5.58%
|
-10.88%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,861
|
3,484
|
4,234
|
4,331
|
4,247
|
3,749
|
-
|
-
|
Enterprise Value (EV)
1 |
4,338
|
4,923
|
6,285
|
4,331
|
5,692
|
5,610
|
5,742
|
5,859
|
P/E ratio
|
90.5
x
|
32.3
x
|
24.5
x
|
11.4
x
|
24.1
x
|
17.6
x
|
16.2
x
|
16.1
x
|
Yield
|
3.9%
|
3.21%
|
3.16%
|
-
|
3.47%
|
3.89%
|
3.95%
|
4.04%
|
Capitalization / Revenue
|
2.8
x
|
3.5
x
|
3.41
x
|
5.78
x
|
5.73
x
|
4.64
x
|
4.38
x
|
4.19
x
|
EV / Revenue
|
4.25
x
|
4.94
x
|
5.06
x
|
5.78
x
|
7.68
x
|
6.94
x
|
6.71
x
|
6.55
x
|
EV / EBITDA
|
8.61
x
|
10.2
x
|
10.8
x
|
8.06
x
|
10.9
x
|
10.1
x
|
9.68
x
|
9.51
x
|
EV / FCF
|
35.8
x
|
17.3
x
|
-52.4
x
|
-
|
474
x
|
-29.5
x
|
-67.6
x
|
135
x
|
FCF Yield
|
2.79%
|
5.77%
|
-1.91%
|
-
|
0.21%
|
-3.39%
|
-1.48%
|
0.74%
|
Price to Book
|
1.61
x
|
1.98
x
|
2.74
x
|
-
|
1.99
x
|
1.81
x
|
1.7
x
|
1.65
x
|
Nbr of stocks (in thousands)
|
148,870
|
148,870
|
148,870
|
149,538
|
147,144
|
145,780
|
-
|
-
|
Reference price
2 |
19.22
|
23.40
|
28.44
|
28.96
|
28.86
|
25.72
|
25.72
|
25.72
|
Announcement Date
|
3/11/20
|
3/12/21
|
3/15/22
|
3/15/23
|
3/13/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,022
|
995.6
|
1,243
|
749
|
741
|
807.9
|
855.9
|
895
|
EBITDA
1 |
503.7
|
480.8
|
580
|
537
|
520
|
552.9
|
593.3
|
616.2
|
EBIT
1 |
204.9
|
183.3
|
304
|
308
|
305
|
293.5
|
342.8
|
354.4
|
Operating Margin
|
20.06%
|
18.41%
|
24.46%
|
41.12%
|
41.16%
|
36.33%
|
40.05%
|
39.59%
|
Earnings before Tax (EBT)
1 |
52.3
|
66.3
|
112
|
187
|
290
|
287
|
306.7
|
317.1
|
Net income
1 |
31.6
|
107.9
|
173
|
379
|
179
|
216.5
|
234.7
|
237.1
|
Net margin
|
3.09%
|
10.84%
|
13.92%
|
50.6%
|
24.16%
|
26.8%
|
27.42%
|
26.49%
|
EPS
2 |
0.2123
|
0.7248
|
1.159
|
2.534
|
1.199
|
1.460
|
1.583
|
1.599
|
Free Cash Flow
1 |
121
|
283.9
|
-120
|
-
|
12
|
-190.3
|
-85
|
43.5
|
FCF margin
|
11.84%
|
28.52%
|
-9.65%
|
-
|
1.62%
|
-23.56%
|
-9.93%
|
4.86%
|
FCF Conversion (EBITDA)
|
24.02%
|
59.05%
|
-
|
-
|
2.31%
|
-
|
-
|
7.06%
|
FCF Conversion (Net income)
|
382.91%
|
263.11%
|
-
|
-
|
6.7%
|
-
|
-
|
18.35%
|
Dividend per Share
2 |
0.7500
|
0.7500
|
0.9000
|
-
|
1.000
|
1.000
|
1.017
|
1.040
|
Announcement Date
|
3/11/20
|
3/12/21
|
3/15/22
|
3/15/23
|
3/13/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
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
|
---|
Net sales
1 |
508.5
|
525.5
|
264
|
447
|
216
|
164.3
|
380
|
191
|
187
|
213
|
156
|
382
|
156
|
220
|
218
|
EBITDA
1 |
263
|
281
|
119
|
180
|
168
|
113
|
283
|
133
|
126
|
167
|
103
|
263
|
102
|
155
|
165
|
EBIT
1 |
114
|
147
|
50
|
107
|
114
|
56
|
170
|
75
|
64
|
111
|
50
|
155
|
50
|
101
|
105
|
Operating Margin
|
22.42%
|
27.97%
|
18.94%
|
23.94%
|
52.78%
|
34.08%
|
44.74%
|
39.27%
|
34.22%
|
52.11%
|
32.05%
|
40.58%
|
32.05%
|
45.91%
|
48.17%
|
Earnings before Tax (EBT)
|
87.3
|
-
|
-
|
-
|
92
|
-
|
-
|
-
|
-
|
98
|
-
|
-
|
-
|
-
|
-
|
Net income
|
72.4
|
92.35
|
9
|
71.65
|
388
|
316
|
404.8
|
-
|
-
|
76
|
3
|
78.55
|
-
|
-
|
-
|
Net margin
|
14.24%
|
17.57%
|
3.41%
|
16.03%
|
179.63%
|
192.29%
|
106.54%
|
-
|
-
|
35.68%
|
1.92%
|
20.56%
|
-
|
-
|
-
|
EPS
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
7/31/20
|
7/30/21
|
11/12/21
|
3/15/22
|
5/13/22
|
8/4/22
|
8/4/22
|
11/10/22
|
3/15/23
|
5/12/23
|
7/28/23
|
7/28/23
|
11/14/23
|
3/13/24
|
5/15/24
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
1,476
|
1,439
|
2,051
|
-
|
1,445
|
1,861
|
1,993
|
2,109
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.931
x
|
2.993
x
|
3.536
x
|
-
|
2.779
x
|
3.366
x
|
3.358
x
|
3.423
x
|
Free Cash Flow
1 |
121
|
284
|
-120
|
-
|
12
|
-190
|
-85
|
43.5
|
ROE (net income / shareholders' equity)
|
5.75%
|
5.98%
|
10.5%
|
-
|
10.8%
|
10.3%
|
10.7%
|
10.1%
|
ROA (Net income/ Total Assets)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Assets
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Book Value Per Share
2 |
11.90
|
11.80
|
10.40
|
-
|
14.50
|
14.20
|
15.10
|
15.60
|
Cash Flow per Share
2 |
3.710
|
2.960
|
3.530
|
-
|
3.360
|
3.060
|
-
|
-
|
Capex
1 |
432
|
156
|
647
|
-
|
489
|
496
|
471
|
453
|
Capex / Sales
|
42.28%
|
15.68%
|
52.05%
|
-
|
65.99%
|
61.44%
|
54.97%
|
50.6%
|
Announcement Date
|
3/11/20
|
3/12/21
|
3/15/22
|
3/15/23
|
3/13/24
|
-
|
-
|
-
|
Last Close Price
25.72
EUR Average target price
29.15
EUR Spread / Average Target +13.34% Consensus |
1st Jan change
|
Capi.
|
---|
| -10.88% | 4.07B | | +19.50% | 36.22B | | +14.60% | 24.58B | | -20.54% | 16.6B | | +25.03% | 6.23B | | -3.20% | 4.38B | | +0.39% | 3.2B | | +9.94% | 2.99B | | -.--% | 2.89B | | -0.25% | 2.67B |
Renewable IPPs
|