Market Closed -
Borsa Italiana
11:44:59 2024-05-31 am EDT
|
5-day change
|
1st Jan Change
|
4.902
EUR
|
+2.55%
|
|
-0.69%
|
+22.37%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
1,696
|
1,388
|
1,594
|
1,224
|
1,267
|
1,560
|
-
|
-
|
Enterprise Value (EV)
1 |
1,920
|
1,538
|
1,569
|
1,221
|
1,586
|
1,447
|
1,437
|
1,330
|
P/E ratio
|
11.8
x
|
9.03
x
|
6.9
x
|
10.9
x
|
8.94
x
|
9.57
x
|
9.24
x
|
9
x
|
Yield
|
4.45%
|
5.67%
|
6.24%
|
5.88%
|
6.24%
|
5.58%
|
5.68%
|
5.87%
|
Capitalization / Revenue
|
4.73
x
|
3.65
x
|
3.35
x
|
3.57
x
|
3.44
x
|
3.58
x
|
3.57
x
|
3.48
x
|
EV / Revenue
|
5.36
x
|
4.05
x
|
3.3
x
|
3.56
x
|
4.31
x
|
3.32
x
|
3.29
x
|
2.97
x
|
EV / EBITDA
|
6,913,823
x
|
5,143,982
x
|
4,037,301
x
|
4,781,189
x
|
5,961,716
x
|
-
|
-
|
-
|
EV / FCF
|
9.71
x
|
6.86
x
|
3.82
x
|
15.3
x
|
8.78
x
|
7.46
x
|
7.37
x
|
6.65
x
|
FCF Yield
|
10.3%
|
14.6%
|
26.2%
|
6.53%
|
11.4%
|
13.4%
|
13.6%
|
15%
|
Price to Book
|
1.33
x
|
1.13
x
|
1.09
x
|
0.94
x
|
0.89
x
|
1.03
x
|
0.96
x
|
0.91
x
|
Nbr of stocks (in thousands)
|
368,636
|
357,488
|
355,030
|
327,042
|
316,382
|
318,142
|
-
|
-
|
Reference price
2 |
4.602
|
3.882
|
4.490
|
3.742
|
4.006
|
4.902
|
4.902
|
4.902
|
Announcement Date
|
2/20/20
|
3/1/21
|
3/1/22
|
2/6/23
|
2/6/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
358.3
|
380.2
|
475.2
|
343
|
368
|
435.2
|
436.8
|
447.6
|
EBITDA
|
277.7
|
299.1
|
388.6
|
255.3
|
266
|
-
|
-
|
-
|
EBIT
1 |
222.3
|
240.2
|
328.7
|
196.1
|
214.5
|
246.8
|
250.5
|
255.3
|
Operating Margin
|
62.05%
|
63.19%
|
69.17%
|
57.15%
|
58.27%
|
56.71%
|
57.36%
|
57.04%
|
Earnings before Tax (EBT)
1 |
204.9
|
230.2
|
315.2
|
185
|
219.8
|
251.8
|
254.2
|
259.2
|
Net income
1 |
145.8
|
155.4
|
238.7
|
120.8
|
148.9
|
167.2
|
169.8
|
172.4
|
Net margin
|
40.7%
|
40.87%
|
50.22%
|
35.21%
|
40.45%
|
38.43%
|
38.88%
|
38.52%
|
EPS
2 |
0.3890
|
0.4300
|
0.6510
|
0.3440
|
0.4480
|
0.5122
|
0.5305
|
0.5448
|
Free Cash Flow
1 |
197.6
|
224.3
|
410.6
|
79.75
|
180.7
|
194
|
195
|
200
|
FCF margin
|
55.15%
|
58.99%
|
86.41%
|
23.25%
|
49.09%
|
44.57%
|
44.65%
|
44.68%
|
FCF Conversion (EBITDA)
|
71.17%
|
74.99%
|
105.67%
|
31.23%
|
67.91%
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
135.52%
|
144.34%
|
172.05%
|
66.02%
|
121.35%
|
115.99%
|
114.82%
|
116%
|
Dividend per Share
2 |
0.2050
|
0.2200
|
0.2800
|
0.2200
|
0.2500
|
0.2735
|
0.2783
|
0.2877
|
Announcement Date
|
2/20/20
|
3/1/21
|
3/1/22
|
2/6/23
|
2/6/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
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
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
---|
Net sales
1 |
195.8
|
185.7
|
232.5
|
106.2
|
136.5
|
88.57
|
86.2
|
174.8
|
82.2
|
86.08
|
80.92
|
81.46
|
162.4
|
86.4
|
119.3
|
121.9
|
105.3
|
99.38
|
112.6
|
-
|
EBITDA
1 |
-
|
144.9
|
188.2
|
84.72
|
115.7
|
67.71
|
64.7
|
132.4
|
60.98
|
61.94
|
58.58
|
57.94
|
116.5
|
-
|
87.67
|
93
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
114.6
|
162.1
|
71.64
|
94.96
|
53.12
|
46.42
|
99.54
|
44.93
|
51.58
|
46.06
|
45.02
|
91.08
|
47.83
|
75.55
|
78.98
|
64.45
|
57.46
|
63.12
|
-
|
Operating Margin
|
-
|
61.73%
|
69.74%
|
67.44%
|
69.56%
|
59.98%
|
53.85%
|
56.96%
|
54.67%
|
59.92%
|
56.92%
|
55.27%
|
56.09%
|
55.36%
|
63.35%
|
64.81%
|
61.21%
|
57.82%
|
56.06%
|
-
|
Earnings before Tax (EBT)
1 |
-
|
109.4
|
156
|
68.12
|
91.11
|
49.8
|
43.1
|
92.9
|
41.72
|
50.35
|
45.21
|
49.26
|
94.48
|
48.63
|
76.72
|
80.97
|
65.09
|
58.1
|
63.76
|
-
|
Net income
1 |
-
|
72.6
|
129.8
|
46.45
|
62.36
|
30.3
|
29.15
|
59.45
|
27.13
|
34.22
|
30.21
|
33.01
|
63.22
|
33.16
|
52.49
|
52.89
|
34.81
|
35.08
|
49.34
|
37.71
|
Net margin
|
-
|
39.11%
|
55.86%
|
43.73%
|
45.68%
|
34.21%
|
33.81%
|
34.01%
|
33.01%
|
39.75%
|
37.34%
|
40.53%
|
38.94%
|
38.39%
|
44.01%
|
43.4%
|
33.06%
|
35.3%
|
43.81%
|
-
|
EPS
2 |
-
|
-
|
-
|
0.1220
|
0.1687
|
0.0840
|
0.0830
|
-
|
0.0780
|
0.0990
|
0.0902
|
0.0990
|
-
|
0.0990
|
0.1600
|
0.1626
|
0.1042
|
0.1050
|
0.1477
|
0.1129
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
0.2800
|
-
|
-
|
-
|
-
|
0.2200
|
-
|
-
|
-
|
-
|
0.2500
|
-
|
-
|
-
|
0.2359
|
-
|
Announcement Date
|
2/20/20
|
7/30/20
|
7/30/21
|
11/3/21
|
3/1/22
|
5/4/22
|
7/29/22
|
7/29/22
|
11/7/22
|
2/6/23
|
5/5/23
|
8/2/23
|
8/2/23
|
11/3/23
|
2/6/24
|
5/6/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
223
|
151
|
-
|
-
|
319
|
-
|
-
|
-
|
Net Cash position
1 |
-
|
-
|
25.2
|
2.96
|
-
|
113
|
123
|
230
|
Leverage (Debt/EBITDA)
|
0.8043
x
|
0.5039
x
|
-
|
-
|
1.198
x
|
-
|
-
|
-
|
Free Cash Flow
1 |
198
|
224
|
411
|
79.8
|
181
|
194
|
195
|
200
|
ROE (net income / shareholders' equity)
|
11.7%
|
12.1%
|
17.3%
|
8.5%
|
10.6%
|
12.7%
|
12.3%
|
11.9%
|
ROA (Net income/ Total Assets)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Assets
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Book Value Per Share
2 |
3.460
|
3.450
|
4.140
|
3.960
|
4.510
|
4.760
|
5.120
|
5.380
|
Cash Flow per Share
|
-
|
-
|
1.130
|
0.2400
|
-0.3800
|
-
|
-
|
-
|
Capex
1 |
3.74
|
3.71
|
2.43
|
4.05
|
2.24
|
8
|
8
|
8
|
Capex / Sales
|
1.04%
|
0.98%
|
0.51%
|
1.18%
|
0.61%
|
1.84%
|
1.83%
|
1.79%
|
Announcement Date
|
2/20/20
|
3/1/21
|
3/1/22
|
2/6/23
|
2/6/24
|
-
|
-
|
-
|
Last Close Price
4.902
EUR Average target price
5.25
EUR Spread / Average Target +7.10% Consensus |
1st Jan change
|
Capi.
|
---|
| +22.37% | 1.69B | | -7.96% | 91.48B | | +24.13% | 91.26B | | +17.87% | 27.29B | | -0.44% | 18.82B | | +14.69% | 15.58B | | +5.63% | 15.46B | | -20.78% | 12.42B | | +21.20% | 9.94B | | +20.84% | 9.36B |
Investment Management
|