Real-time Estimate
Cboe Europe
11:10:10 2024-05-24 am EDT
|
5-day change
|
1st Jan Change
|
5,701
GBX
|
-0.26%
|
|
-1.08%
|
+4.39%
|
Fiscal Period: April |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
9,918
|
9,740
|
20,739
|
18,491
|
20,024
|
24,945
|
-
|
-
|
Enterprise Value (EV)
1 |
13,663
|
15,103
|
24,929
|
24,380
|
27,129
|
33,154
|
32,909
|
32,616
|
P/E ratio
|
12.8
x
|
13.5
x
|
30
x
|
18.2
x
|
15.6
x
|
19.6
x
|
18.5
x
|
15.8
x
|
Yield
|
1.89%
|
1.87%
|
0.91%
|
1.57%
|
1.73%
|
1.44%
|
1.53%
|
1.7%
|
Capitalization / Revenue
|
2.2
x
|
1.93
x
|
4.12
x
|
2.82
x
|
2.59
x
|
2.88
x
|
2.72
x
|
2.51
x
|
EV / Revenue
|
3.04
x
|
2.99
x
|
4.96
x
|
3.72
x
|
3.51
x
|
3.83
x
|
3.59
x
|
3.29
x
|
EV / EBITDA
|
6.49
x
|
6.36
x
|
10.8
x
|
8.21
x
|
7.69
x
|
8.44
x
|
7.82
x
|
7.12
x
|
EV / FCF
|
37.1
x
|
19.1
x
|
18
x
|
26.3
x
|
64.4
x
|
154
x
|
31
x
|
28.3
x
|
FCF Yield
|
2.69%
|
5.24%
|
5.54%
|
3.8%
|
1.55%
|
0.65%
|
3.22%
|
3.54%
|
Price to Book
|
3.55
x
|
3.29
x
|
6.39
x
|
4.49
x
|
4.22
x
|
4.77
x
|
3.91
x
|
3.32
x
|
Nbr of stocks (in thousands)
|
467,371
|
447,810
|
445,910
|
442,473
|
437,493
|
436,399
|
-
|
-
|
Reference price
2 |
21.22
|
21.75
|
46.51
|
41.79
|
45.77
|
57.16
|
57.16
|
57.16
|
Announcement Date
|
6/18/19
|
6/16/20
|
6/15/21
|
6/14/22
|
6/13/23
|
-
|
-
|
-
|
Fiscal Period: April |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
4,500
|
5,054
|
5,031
|
6,549
|
7,730
|
8,662
|
9,177
|
9,920
|
EBITDA
1 |
2,107
|
2,376
|
2,301
|
2,968
|
3,528
|
3,927
|
4,210
|
4,582
|
EBIT
1 |
1,264
|
1,285
|
1,197
|
1,691
|
2,111
|
2,211
|
2,332
|
2,593
|
Operating Margin
|
28.08%
|
25.43%
|
23.79%
|
25.83%
|
27.31%
|
25.53%
|
25.41%
|
26.14%
|
Earnings before Tax (EBT)
1 |
1,060
|
983
|
936
|
1,372
|
1,724
|
1,692
|
1,770
|
2,016
|
Net income
1 |
796.9
|
739.7
|
697.4
|
1,029
|
1,293
|
1,275
|
1,344
|
1,537
|
Net margin
|
17.71%
|
14.64%
|
13.86%
|
15.71%
|
16.73%
|
14.72%
|
14.65%
|
15.49%
|
EPS
2 |
1.654
|
1.615
|
1.552
|
2.301
|
2.927
|
2.918
|
3.087
|
3.618
|
Free Cash Flow
1 |
368
|
792.1
|
1,382
|
925.7
|
421.5
|
215.3
|
1,060
|
1,153
|
FCF margin
|
8.18%
|
15.67%
|
27.46%
|
14.13%
|
5.45%
|
2.49%
|
11.55%
|
11.63%
|
FCF Conversion (EBITDA)
|
17.47%
|
33.34%
|
60.05%
|
31.18%
|
11.95%
|
5.48%
|
25.18%
|
25.17%
|
FCF Conversion (Net income)
|
46.18%
|
107.08%
|
198.12%
|
89.95%
|
32.59%
|
16.89%
|
78.86%
|
75.04%
|
Dividend per Share
2 |
0.4000
|
0.4065
|
0.4215
|
0.6580
|
0.7930
|
0.8245
|
0.8728
|
0.9733
|
Announcement Date
|
6/18/19
|
6/16/20
|
6/15/21
|
6/14/22
|
6/13/23
|
-
|
-
|
-
|
Fiscal Period: April |
2020 S1
|
2020 S2
|
2021 S1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
2025 Q3
|
2025 Q4
|
---|
Net sales
1 |
2,681
|
2,373
|
2,554
|
2,032
|
3,884
|
1,525
|
1,709
|
1,963
|
2,537
|
2,018
|
1,954
|
2,146
|
2,279
|
2,093
|
2,107
|
2,251
|
2,450
|
2,233
|
-
|
EBITDA
1 |
1,327
|
1,049
|
1,211
|
971.9
|
1,832
|
668.5
|
740.3
|
902.9
|
1,207
|
907.9
|
858.4
|
978.5
|
1,073
|
919.9
|
915.8
|
-
|
-
|
-
|
-
|
EBIT
1 |
801
|
484.3
|
645.6
|
597.6
|
1,095
|
368.7
|
392.9
|
-
|
775.1
|
530.4
|
483.7
|
583.6
|
657.8
|
489.6
|
477.9
|
-
|
-
|
-
|
-
|
Operating Margin
|
29.87%
|
20.41%
|
25.28%
|
29.41%
|
28.2%
|
24.18%
|
22.99%
|
-
|
30.55%
|
26.29%
|
24.75%
|
27.19%
|
28.86%
|
23.39%
|
22.69%
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
-
|
-
|
-
|
-
|
-
|
226.7
|
242.6
|
344
|
-
|
-
|
-
|
-
|
-
|
261.2
|
265.6
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
-
|
-
|
-
|
-
|
14.87%
|
14.2%
|
17.52%
|
-
|
-
|
-
|
-
|
-
|
12.48%
|
12.61%
|
-
|
-
|
-
|
-
|
EPS
2 |
-
|
-
|
-
|
-
|
-
|
0.5077
|
0.5445
|
0.7760
|
-
|
-
|
-
|
-
|
-
|
0.5954
|
0.6028
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
0.0945
|
-
|
-
|
0.5552
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.3390
|
-
|
0.3640
|
-
|
0.3640
|
Announcement Date
|
12/10/19
|
6/16/20
|
12/8/20
|
12/7/21
|
12/7/21
|
3/8/22
|
6/14/22
|
9/6/22
|
12/6/22
|
3/7/23
|
6/13/23
|
9/5/23
|
12/5/23
|
3/5/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: April |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
3,745
|
5,363
|
4,190
|
5,889
|
7,105
|
8,210
|
7,964
|
7,671
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.778
x
|
2.257
x
|
1.821
x
|
1.984
x
|
2.014
x
|
2.09
x
|
1.892
x
|
1.674
x
|
Free Cash Flow
1 |
368
|
792
|
1,382
|
926
|
422
|
215
|
1,060
|
1,153
|
ROE (net income / shareholders' equity)
|
29.9%
|
25.6%
|
22.3%
|
26.2%
|
30.9%
|
25.5%
|
24.3%
|
24.3%
|
ROA (Net income/ Total Assets)
|
10.6%
|
7.83%
|
7.04%
|
8.9%
|
10%
|
7.86%
|
7.89%
|
8.9%
|
Assets
1 |
7,550
|
9,445
|
9,903
|
11,568
|
12,898
|
16,221
|
17,044
|
17,279
|
Book Value Per Share
2 |
5.970
|
6.620
|
7.270
|
9.300
|
10.90
|
12.00
|
14.60
|
17.20
|
Cash Flow per Share
2 |
4.240
|
2.160
|
3.290
|
2.760
|
1.790
|
7.220
|
7.460
|
8.580
|
Capex
1 |
1,385
|
1,208
|
410
|
1,671
|
2,504
|
2,708
|
2,091
|
2,495
|
Capex / Sales
|
30.78%
|
23.9%
|
8.15%
|
25.52%
|
32.39%
|
31.27%
|
22.79%
|
25.15%
|
Announcement Date
|
6/18/19
|
6/16/20
|
6/15/21
|
6/14/22
|
6/13/23
|
-
|
-
|
-
|
Last Close Price
57.16
GBP Average target price
63.09
GBP Spread / Average Target +10.37% Consensus |
1st Jan change
|
Capi.
|
---|
| +4.39% | 31.71B | | +16.28% | 44.4B | | +22.74% | 17.68B | | -11.48% | 7.49B | | +13.78% | 5.31B | | +0.19% | 4.23B | | -5.14% | 3.59B | | -7.85% | 2.71B | | +14.02% | 2.08B | | -0.47% | 1.72B |
Commercial Equipment Rental
|