Real-time Estimate
Cboe Europe
07:17:15 2024-06-10 am EDT
|
5-day change
|
1st Jan Change
|
4.175
EUR
|
-0.60%
|
|
-3.70%
|
-19.81%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
1,667
|
1,412
|
1,177
|
1,051
|
894.4
|
773.2
|
-
|
-
|
Enterprise Value (EV)
1 |
3,527
|
3,507
|
3,001
|
2,789
|
2,734
|
2,817
|
2,784
|
2,789
|
P/E ratio
|
234
x
|
-31.7
x
|
13
x
|
-
|
-7.43
x
|
9.16
x
|
13.3
x
|
14
x
|
Yield
|
6.94%
|
6.78%
|
7.14%
|
7.99%
|
9.62%
|
7.14%
|
3.57%
|
3.57%
|
Capitalization / Revenue
|
5.39
x
|
4.78
x
|
4.03
x
|
3.49
x
|
3.08
x
|
2.43
x
|
2.35
x
|
2.3
x
|
EV / Revenue
|
11.4
x
|
11.9
x
|
10.3
x
|
9.25
x
|
9.43
x
|
8.85
x
|
8.48
x
|
8.31
x
|
EV / EBITDA
|
18.2
x
|
19.4
x
|
17
x
|
15.9
x
|
16.6
x
|
15.1
x
|
14.3
x
|
14
x
|
EV / FCF
|
34.9
x
|
-108
x
|
25.8
x
|
-37.6
x
|
90.8
x
|
70.4
x
|
46.4
x
|
50.3
x
|
FCF Yield
|
2.87%
|
-0.93%
|
3.88%
|
-2.66%
|
1.1%
|
1.42%
|
2.16%
|
1.99%
|
Price to Book
|
0.72
x
|
0.65
x
|
0.47
x
|
0.45
x
|
0.45
x
|
0.45
x
|
0.44
x
|
0.44
x
|
Nbr of stocks (in thousands)
|
177,999
|
177,999
|
168,202
|
168,009
|
171,994
|
184,084
|
-
|
-
|
Reference price
2 |
9.365
|
7.930
|
7.000
|
6.255
|
5.200
|
4.200
|
4.200
|
4.200
|
Announcement Date
|
2/6/20
|
2/18/21
|
2/17/22
|
2/16/23
|
2/15/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
309.2
|
295.5
|
292.4
|
301.5
|
290
|
318.4
|
328.3
|
335.6
|
EBITDA
1 |
193.4
|
180.3
|
176.7
|
175.2
|
164.8
|
186
|
195.2
|
199.4
|
EBIT
1 |
193.5
|
180.4
|
176.1
|
175.2
|
164.8
|
186
|
195.5
|
199.5
|
Operating Margin
|
62.58%
|
61.05%
|
60.23%
|
58.11%
|
56.83%
|
58.42%
|
59.54%
|
59.45%
|
Earnings before Tax (EBT)
1 |
2.2
|
-45.7
|
156.5
|
15.1
|
-122.3
|
101.8
|
82.33
|
81.24
|
Net income
1 |
8.9
|
-28
|
121
|
5.3
|
-115
|
83.96
|
58.13
|
55.2
|
Net margin
|
2.88%
|
-9.48%
|
41.38%
|
1.76%
|
-39.66%
|
26.37%
|
17.71%
|
16.45%
|
EPS
2 |
0.0400
|
-0.2500
|
0.5400
|
-
|
-0.7000
|
0.4585
|
0.3161
|
0.3002
|
Free Cash Flow
1 |
101.1
|
-32.6
|
116.5
|
-74.2
|
30.1
|
40
|
60
|
55.5
|
FCF margin
|
32.7%
|
-11.03%
|
39.84%
|
-24.61%
|
10.38%
|
12.56%
|
18.27%
|
16.54%
|
FCF Conversion (EBITDA)
|
52.28%
|
-
|
65.93%
|
-
|
18.26%
|
21.5%
|
30.73%
|
27.83%
|
FCF Conversion (Net income)
|
1,135.96%
|
-
|
96.28%
|
-
|
-
|
47.64%
|
103.21%
|
100.54%
|
Dividend per Share
2 |
0.6500
|
0.5375
|
0.5000
|
0.5000
|
0.5000
|
0.3000
|
0.1500
|
0.1500
|
Announcement Date
|
2/6/20
|
2/18/21
|
2/17/22
|
2/16/23
|
2/15/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
74.3
|
72.9
|
74.3
|
75.6
|
78.8
|
74.1
|
70
|
71.2
|
74.6
|
79.1
|
78.08
|
78.59
|
82.65
|
82
|
80
|
EBITDA
1 |
42.9
|
40.2
|
46.3
|
43.7
|
45.1
|
38.3
|
42.2
|
42.7
|
41.7
|
39.7
|
46.63
|
45.89
|
47.27
|
46
|
49
|
EBIT
1 |
42.4
|
40.2
|
46.3
|
43.7
|
45.1
|
38.3
|
42.2
|
42.6
|
41.7
|
39.7
|
47
|
47
|
50
|
46
|
49
|
Operating Margin
|
57.07%
|
55.14%
|
62.31%
|
57.8%
|
57.23%
|
51.69%
|
60.29%
|
59.83%
|
55.9%
|
50.19%
|
60.2%
|
59.8%
|
60.5%
|
56.1%
|
61.25%
|
Earnings before Tax (EBT)
1 |
66.8
|
33.9
|
38
|
28.2
|
-85.1
|
55.1
|
49.5
|
-53.5
|
-173.4
|
67.3
|
29.67
|
26.01
|
27.76
|
29
|
30
|
Net income
1 |
47.4
|
29.8
|
28.7
|
22.7
|
-75.9
|
44.7
|
36.7
|
-46.2
|
-150.1
|
64.9
|
17.25
|
14.35
|
14.74
|
14
|
15
|
Net margin
|
63.8%
|
40.88%
|
38.63%
|
30.03%
|
-96.32%
|
60.32%
|
52.43%
|
-64.89%
|
-201.21%
|
82.05%
|
22.09%
|
18.26%
|
17.83%
|
17.07%
|
18.75%
|
EPS
2 |
0.2200
|
0.1300
|
0.1300
|
0.0900
|
-0.5000
|
0.3100
|
0.1800
|
-0.3200
|
-0.8800
|
0.3300
|
0.0938
|
0.0781
|
0.0801
|
0.0700
|
0.0800
|
Dividend per Share
2 |
0.1250
|
0.1250
|
0.1250
|
0.1250
|
0.1250
|
-
|
0.1250
|
0.1250
|
0.1250
|
-
|
0.0800
|
0.0800
|
0.0800
|
-
|
-
|
Announcement Date
|
2/17/22
|
5/5/22
|
8/10/22
|
11/10/22
|
2/16/23
|
4/30/23
|
7/18/23
|
11/1/23
|
2/15/24
|
5/15/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
1,860
|
2,095
|
1,824
|
1,739
|
1,839
|
2,044
|
2,011
|
2,016
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
9.618
x
|
11.62
x
|
10.32
x
|
9.923
x
|
11.16
x
|
10.99
x
|
10.3
x
|
10.11
x
|
Free Cash Flow
1 |
101
|
-32.6
|
117
|
-74.2
|
30.1
|
40
|
60
|
55.5
|
ROE (net income / shareholders' equity)
|
7.08%
|
-1.47%
|
6.69%
|
0.22%
|
3.75%
|
4.17%
|
2.83%
|
2.68%
|
ROA (Net income/ Total Assets)
|
0.19%
|
-0.6%
|
2.55%
|
0.11%
|
-2.65%
|
1.93%
|
1.27%
|
1.24%
|
Assets
1 |
4,602
|
4,631
|
4,742
|
4,633
|
4,335
|
4,361
|
4,578
|
4,456
|
Book Value Per Share
2 |
13.10
|
12.20
|
14.80
|
13.80
|
11.60
|
9.420
|
9.590
|
9.560
|
Cash Flow per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex
1 |
99.7
|
158
|
217
|
174
|
96.7
|
64.5
|
36
|
36.5
|
Capex / Sales
|
32.24%
|
53.57%
|
74.11%
|
57.68%
|
33.34%
|
20.26%
|
10.96%
|
10.88%
|
Announcement Date
|
2/6/20
|
2/18/21
|
2/17/22
|
2/16/23
|
2/15/24
|
-
|
-
|
-
|
Mean consensus UNDERPERFORM Average target price
3.75
EUR Spread / Average Target -10.71% Consensus |
1st Jan change
|
Capi.
|
---|
| -19.92% | 836M | | +7.36% | 10.97B | | +48.46% | 6.9B | | +21.58% | 3.25B | | +9.03% | 2.76B | | +0.48% | 2.61B | | -19.49% | 2.52B | | -11.98% | 2.45B | | -16.67% | 2.38B | | -19.59% | 2.21B |
Retail Real Estate Development
|