Real-time Estimate
Cboe BZX
11:48:46 2024-05-23 am EDT
|
5-day change
|
1st Jan Change
|
17.72
USD
|
-2.61%
|
|
+9.96%
|
-32.67%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
1,323
|
3,025
|
1,991
|
1,986
|
1,695
|
1,204
|
-
|
-
|
Enterprise Value (EV)
1 |
2,493
|
3,917
|
3,463
|
3,488
|
3,217
|
4,500
|
4,234
|
4,112
|
P/E ratio
|
7.81
x
|
21.5
x
|
21.4
x
|
8.98
x
|
6.78
x
|
8.22
x
|
4.44
x
|
2.82
x
|
Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization / Revenue
|
0.41
x
|
0.87
x
|
0.38
x
|
0.27
x
|
0.22
x
|
0.16
x
|
0.13
x
|
0.11
x
|
EV / Revenue
|
0.78
x
|
1.13
x
|
0.66
x
|
0.47
x
|
0.42
x
|
0.59
x
|
0.44
x
|
0.39
x
|
EV / EBITDA
|
5.96
x
|
9.14
x
|
7.32
x
|
5.9
x
|
4.69
x
|
5.79
x
|
3.6
x
|
3.04
x
|
EV / FCF
|
8.07
x
|
-8.6
x
|
-4.14
x
|
12
x
|
-7.45
x
|
-2.63
x
|
-7.94
x
|
-42.4
x
|
FCF Yield
|
12.4%
|
-11.6%
|
-24.2%
|
8.3%
|
-13.4%
|
-38%
|
-12.6%
|
-2.36%
|
Price to Book
|
0.92
x
|
2.2
x
|
0.94
x
|
-
|
-
|
0.32
x
|
0.33
x
|
0.33
x
|
Nbr of stocks (in thousands)
|
59,859
|
59,042
|
63,638
|
64,269
|
64,636
|
66,163
|
-
|
-
|
Reference price
2 |
22.10
|
51.24
|
31.29
|
30.90
|
26.23
|
18.19
|
18.19
|
18.19
|
Announcement Date
|
3/26/20
|
3/18/21
|
3/17/22
|
3/21/23
|
3/14/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,201
|
3,476
|
5,277
|
7,469
|
7,614
|
7,661
|
9,615
|
10,609
|
EBITDA
1 |
418.2
|
428.4
|
473.2
|
591.1
|
686.4
|
776.8
|
1,175
|
1,351
|
EBIT
1 |
258.9
|
220.4
|
190.4
|
356.1
|
453.3
|
393.1
|
624.7
|
683.9
|
Operating Margin
|
8.09%
|
6.34%
|
3.61%
|
4.77%
|
5.95%
|
5.13%
|
6.5%
|
6.45%
|
Earnings before Tax (EBT)
1 |
179.7
|
134.5
|
138.5
|
356.5
|
408.5
|
311.3
|
568.5
|
666.6
|
Net income
1 |
171.6
|
146.7
|
95.25
|
240
|
274.2
|
147.7
|
310.8
|
404.2
|
Net margin
|
5.36%
|
4.22%
|
1.8%
|
3.21%
|
3.6%
|
1.93%
|
3.23%
|
3.81%
|
EPS
2 |
2.830
|
2.380
|
1.460
|
3.440
|
3.870
|
2.212
|
4.093
|
6.450
|
Free Cash Flow
1 |
308.9
|
-455.5
|
-837
|
289.5
|
-431.8
|
-1,712
|
-533.5
|
-97
|
FCF margin
|
9.65%
|
-13.1%
|
-15.86%
|
3.88%
|
-5.67%
|
-22.35%
|
-5.55%
|
-0.91%
|
FCF Conversion (EBITDA)
|
73.87%
|
-
|
-
|
48.98%
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
180.04%
|
-
|
-
|
120.65%
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/26/20
|
3/18/21
|
3/17/22
|
3/21/23
|
3/14/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q3
|
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
|
---|
Net sales
1 |
1,229
|
1,529
|
1,250
|
2,314
|
1,932
|
1,972
|
1,701
|
2,364
|
1,846
|
1,702
|
1,329
|
1,619
|
2,260
|
2,438
|
1,904
|
EBITDA
1 |
112.2
|
151.2
|
81.52
|
179.1
|
144.7
|
185.8
|
213.6
|
224.2
|
159
|
89.58
|
159.1
|
166.8
|
252.5
|
290.4
|
276.5
|
EBIT
1 |
41.22
|
67.42
|
15.52
|
116.1
|
88.67
|
135.8
|
145.6
|
224.1
|
83.02
|
0.577
|
49.07
|
48.08
|
134.6
|
160.6
|
143.7
|
Operating Margin
|
3.35%
|
4.41%
|
1.24%
|
5.02%
|
4.59%
|
6.89%
|
8.56%
|
9.48%
|
4.5%
|
0.03%
|
3.69%
|
2.97%
|
5.96%
|
6.59%
|
7.55%
|
Earnings before Tax (EBT)
1 |
31.43
|
64.48
|
2.025
|
114.1
|
128.4
|
112
|
128.2
|
238.8
|
56.51
|
-15.05
|
44.9
|
23.79
|
110.4
|
129.5
|
136.8
|
Net income
1 |
35.24
|
25.96
|
9.207
|
74.46
|
78.46
|
77.83
|
83.71
|
170
|
21.89
|
-1.386
|
12.35
|
-0.1896
|
53.17
|
66.66
|
65.32
|
Net margin
|
2.87%
|
1.7%
|
0.74%
|
3.22%
|
4.06%
|
3.95%
|
4.92%
|
7.19%
|
1.19%
|
-0.08%
|
0.93%
|
-0.01%
|
2.35%
|
2.73%
|
3.43%
|
EPS
2 |
0.5200
|
0.3900
|
0.1400
|
1.070
|
1.120
|
1.110
|
1.190
|
2.390
|
0.3200
|
-0.0200
|
0.1900
|
0.0500
|
0.7802
|
0.9711
|
0.2860
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
11/18/21
|
3/17/22
|
5/24/22
|
8/18/22
|
11/22/22
|
3/21/23
|
5/18/23
|
8/22/23
|
11/14/23
|
3/14/24
|
5/9/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
1,170
|
892
|
1,471
|
1,502
|
1,522
|
3,296
|
3,030
|
2,908
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.798
x
|
2.081
x
|
3.11
x
|
2.541
x
|
2.217
x
|
4.243
x
|
2.58
x
|
2.152
x
|
Free Cash Flow
1 |
309
|
-455
|
-837
|
290
|
-432
|
-1,712
|
-534
|
-97
|
ROE (net income / shareholders' equity)
|
10.1%
|
8.9%
|
5.65%
|
12.8%
|
12.2%
|
3.29%
|
7.03%
|
9.69%
|
ROA (Net income/ Total Assets)
|
2.55%
|
2.2%
|
1.37%
|
2.92%
|
2.62%
|
0.75%
|
1.43%
|
-
|
Assets
1 |
6,721
|
6,668
|
6,963
|
8,213
|
10,466
|
19,645
|
21,757
|
-
|
Book Value Per Share
2 |
24.00
|
23.30
|
33.20
|
-
|
-
|
56.60
|
55.50
|
55.10
|
Cash Flow per Share
|
9.870
|
-1.930
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex
1 |
291
|
335
|
429
|
627
|
1,116
|
1,615
|
1,114
|
1,217
|
Capex / Sales
|
9.1%
|
9.63%
|
8.12%
|
8.4%
|
14.66%
|
21.08%
|
11.59%
|
11.47%
|
Announcement Date
|
3/26/20
|
3/18/21
|
3/17/22
|
3/21/23
|
3/14/24
|
-
|
-
|
-
|
Last Close Price
18.19
USD Average target price
27.31
USD Spread / Average Target +50.12% Consensus |
1st Jan change
|
Capi.
|
---|
| -33.47% | 1.2B | | +39.84% | 26.95B | | -14.59% | 20.47B | | -10.99% | 16.49B | | -6.51% | 14.55B | | -7.90% | 11.28B | | +21.70% | 7.68B | | -14.10% | 7.5B | | +12.34% | 7.3B | | -27.17% | 6.86B |
Photovoltaic Solar Systems & Equipment
|