Market Closed -
BOERSE MUENCHEN
03:44:21 2024-07-12 pm EDT
|
5-day change
|
1st Jan Change
|
7.75
EUR
|
0.00%
|
|
+2.65%
|
+3.33%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
4,340,252
|
3,833,082
|
2,852,283
|
2,442,686
|
2,696,205
|
3,138,766
|
-
|
-
|
Enterprise Value (EV)
1 |
4,338,803
|
3,754,112
|
2,643,951
|
2,302,274
|
2,543,022
|
3,063,265
|
3,007,628
|
2,967,191
|
P/E ratio
|
29.4
x
|
30.4
x
|
26.1
x
|
28.7
x
|
61.5
x
|
29.5
x
|
25.7
x
|
23.5
x
|
Yield
|
1.44%
|
1.76%
|
2.39%
|
2.82%
|
2.59%
|
2.26%
|
2.3%
|
2.31%
|
Capitalization / Revenue
|
2.89
x
|
2.77
x
|
2.01
x
|
1.57
x
|
1.76
x
|
1.96
x
|
1.91
x
|
1.87
x
|
EV / Revenue
|
2.89
x
|
2.72
x
|
1.86
x
|
1.48
x
|
1.66
x
|
1.92
x
|
1.83
x
|
1.76
x
|
EV / EBITDA
|
14.7
x
|
14.3
x
|
11.5
x
|
11.5
x
|
17
x
|
13.4
x
|
12
x
|
11.2
x
|
EV / FCF
|
33.1
x
|
24.6
x
|
24.4
x
|
-
|
23.3
x
|
31.2
x
|
26.5
x
|
23.8
x
|
FCF Yield
|
3.02%
|
4.07%
|
4.1%
|
-
|
4.3%
|
3.21%
|
3.78%
|
4.21%
|
Price to Book
|
5.06
x
|
4.15
x
|
2.96
x
|
2.51
x
|
2.74
x
|
3.09
x
|
2.95
x
|
2.81
x
|
Nbr of stocks (in thousands)
|
480,914
|
480,939
|
473,880
|
464,831
|
464,863
|
464,865
|
-
|
-
|
Reference price
2 |
9,025
|
7,970
|
6,019
|
5,255
|
5,800
|
6,752
|
6,752
|
6,752
|
Announcement Date
|
2/4/20
|
2/3/21
|
2/3/22
|
2/2/23
|
2/7/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,502,241
|
1,381,997
|
1,418,768
|
1,551,059
|
1,532,579
|
1,597,783
|
1,640,077
|
1,681,394
|
EBITDA
1 |
295,092
|
261,643
|
230,851
|
199,809
|
149,630
|
229,116
|
249,714
|
264,467
|
EBIT
1 |
211,723
|
175,563
|
143,510
|
110,071
|
60,035
|
142,670
|
163,026
|
177,367
|
Operating Margin
|
14.09%
|
12.7%
|
10.12%
|
7.1%
|
3.92%
|
8.93%
|
9.94%
|
10.55%
|
Earnings before Tax (EBT)
1 |
210,645
|
173,971
|
150,002
|
115,848
|
63,842
|
146,873
|
167,437
|
181,979
|
Net income
1 |
148,213
|
126,142
|
109,636
|
86,038
|
43,870
|
106,452
|
121,942
|
132,633
|
Net margin
|
9.87%
|
9.13%
|
7.73%
|
5.55%
|
2.86%
|
6.66%
|
7.44%
|
7.89%
|
EPS
2 |
306.7
|
262.3
|
230.6
|
183.3
|
94.37
|
229.2
|
263.1
|
286.8
|
Free Cash Flow
1 |
131,136
|
152,777
|
108,292
|
-
|
109,303
|
98,237
|
113,573
|
124,873
|
FCF margin
|
8.73%
|
11.05%
|
7.63%
|
-
|
7.13%
|
6.15%
|
6.92%
|
7.43%
|
FCF Conversion (EBITDA)
|
44.44%
|
58.39%
|
46.91%
|
-
|
73.05%
|
42.88%
|
45.48%
|
47.22%
|
FCF Conversion (Net income)
|
88.48%
|
121.12%
|
98.77%
|
-
|
249.15%
|
92.28%
|
93.14%
|
94.15%
|
Dividend per Share
2 |
130.0
|
140.0
|
144.0
|
148.0
|
150.0
|
152.4
|
155.0
|
155.8
|
Announcement Date
|
2/4/20
|
2/3/21
|
2/3/22
|
2/2/23
|
2/7/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 S1
|
2025 S2
|
2026 S1
|
---|
Net sales
1 |
780,842
|
667,158
|
714,839
|
675,179
|
397,809
|
743,589
|
346,795
|
387,106
|
733,901
|
393,799
|
423,349
|
817,158
|
347,794
|
390,734
|
738,528
|
387,355
|
406,696
|
794,051
|
365,797
|
409,400
|
779,400
|
402,304
|
423,620
|
830,300
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
125,337
|
74,484
|
101,079
|
70,551
|
34,516
|
72,959
|
22,952
|
30,709
|
53,661
|
23,239
|
33,154
|
56,410
|
7,287
|
18,613
|
25,900
|
24,805
|
9,330
|
34,135
|
21,984
|
34,995
|
58,900
|
40,449
|
46,246
|
91,400
|
-
|
-
|
-
|
Operating Margin
|
16.05%
|
11.16%
|
14.14%
|
10.45%
|
8.68%
|
9.81%
|
6.62%
|
7.93%
|
7.31%
|
5.9%
|
7.83%
|
6.9%
|
2.1%
|
4.76%
|
3.51%
|
6.4%
|
2.29%
|
4.3%
|
6.01%
|
8.55%
|
7.56%
|
10.05%
|
10.92%
|
11.01%
|
-
|
-
|
-
|
Earnings before Tax (EBT)
1 |
125,130
|
73,730
|
100,241
|
74,133
|
36,493
|
75,869
|
25,654
|
34,818
|
60,472
|
24,628
|
30,753
|
-
|
8,439
|
20,200
|
28,639
|
25,943
|
9,260
|
35,203
|
24,764
|
34,385
|
-
|
38,298
|
40,350
|
-
|
-
|
-
|
-
|
Net income
1 |
90,918
|
50,600
|
75,542
|
52,538
|
27,566
|
57,098
|
18,244
|
20,644
|
38,888
|
19,412
|
27,718
|
-
|
4,817
|
11,807
|
16,624
|
15,918
|
11,328
|
27,246
|
16,470
|
21,987
|
-
|
24,318
|
39,684
|
-
|
-
|
-
|
-
|
Net margin
|
11.64%
|
7.58%
|
10.57%
|
7.78%
|
6.93%
|
7.68%
|
5.26%
|
5.33%
|
5.3%
|
4.93%
|
6.55%
|
-
|
1.39%
|
3.02%
|
2.25%
|
4.11%
|
2.79%
|
3.43%
|
4.5%
|
5.37%
|
-
|
6.04%
|
9.37%
|
-
|
-
|
-
|
-
|
EPS
2 |
188.7
|
105.2
|
157.1
|
110.1
|
58.17
|
120.5
|
38.50
|
43.67
|
82.17
|
41.65
|
59.46
|
-
|
10.36
|
25.40
|
35.76
|
34.25
|
-
|
-
|
35.43
|
50.87
|
-
|
65.65
|
94.01
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
70.00
|
70.00
|
72.00
|
72.00
|
72.00
|
-
|
74.00
|
74.00
|
-
|
74.00
|
-
|
-
|
75.00
|
75.00
|
-
|
-
|
75.00
|
-
|
-
|
76.00
|
-
|
-
|
76.00
|
77.00
|
77.00
|
79.00
|
Announcement Date
|
2/4/20
|
7/29/20
|
2/3/21
|
8/3/21
|
2/3/22
|
2/3/22
|
5/11/22
|
8/3/22
|
8/3/22
|
11/1/22
|
2/2/23
|
2/2/23
|
5/10/23
|
8/3/23
|
8/3/23
|
11/8/23
|
2/7/24
|
2/7/24
|
5/9/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
1,449
|
78,970
|
208,332
|
140,412
|
153,183
|
75,502
|
131,138
|
171,575
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
131,136
|
152,777
|
108,292
|
-
|
109,303
|
98,237
|
113,573
|
124,873
|
ROE (net income / shareholders' equity)
|
17.6%
|
14.2%
|
11.6%
|
8.9%
|
4.5%
|
10.7%
|
11.8%
|
12.3%
|
ROA (Net income/ Total Assets)
|
13.5%
|
10.5%
|
8.9%
|
6.75%
|
3.65%
|
5.77%
|
6.47%
|
6.92%
|
Assets
1 |
1,097,874
|
1,203,456
|
1,231,424
|
1,273,829
|
1,201,197
|
1,844,973
|
1,883,522
|
1,916,205
|
Book Value Per Share
2 |
1,783
|
1,921
|
2,037
|
2,091
|
2,116
|
2,185
|
2,286
|
2,407
|
Cash Flow per Share
2 |
479.0
|
441.0
|
414.0
|
374.0
|
287.0
|
407.0
|
453.0
|
483.0
|
Capex
1 |
113,387
|
86,149
|
87,766
|
94,567
|
93,178
|
89,285
|
89,214
|
89,286
|
Capex / Sales
|
7.55%
|
6.23%
|
6.19%
|
6.1%
|
6.08%
|
5.59%
|
5.44%
|
5.31%
|
Announcement Date
|
2/4/20
|
2/3/21
|
2/3/22
|
2/2/23
|
2/7/24
|
-
|
-
|
-
|
Last Close Price
6,752
JPY Average target price
7,163
JPY Spread / Average Target +6.09% Consensus |
1st Jan change
|
Capi.
|
---|
| -8.44% | 241B | | 0.00% | 19.55B | | +10.28% | 11.87B | | -15.94% | 9.01B | | +6.76% | 6.93B | | +8.20% | 5.85B | | -10.12% | 4.14B | | -5.57% | 4.05B | | -0.28% | 3.81B |
Cosmetics & Perfumes
|