Real-time Estimate
Tradegate
02:01:07 2024-07-09 am EDT
|
5-day change
|
1st Jan Change
|
94.72
EUR
|
+0.61%
|
|
-0.97%
|
+10.83%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
132,389
|
128,930
|
147,899
|
156,896
|
146,050
|
159,482
|
-
|
-
|
Enterprise Value (EV)
1 |
156,573
|
153,186
|
171,209
|
196,812
|
190,899
|
202,799
|
200,718
|
199,673
|
P/E ratio
|
18.5
x
|
16
x
|
16.3
x
|
17.4
x
|
18.7
x
|
17
x
|
15.3
x
|
14.1
x
|
Yield
|
5.43%
|
5.73%
|
5.16%
|
4.98%
|
5.53%
|
5.13%
|
5.34%
|
5.5%
|
Capitalization / Revenue
|
4.44
x
|
4.49
x
|
4.71
x
|
4.94
x
|
4.15
x
|
4.3
x
|
4.03
x
|
3.78
x
|
EV / Revenue
|
5.25
x
|
5.34
x
|
5.45
x
|
6.2
x
|
5.43
x
|
5.47
x
|
5.07
x
|
4.73
x
|
EV / EBITDA
|
12.3
x
|
12.1
x
|
11.8
x
|
14.3
x
|
13.5
x
|
13.1
x
|
12
x
|
11.1
x
|
EV / FCF
|
16.9
x
|
16.6
x
|
15.3
x
|
20.2
x
|
24.2
x
|
20
x
|
18.6
x
|
17.4
x
|
FCF Yield
|
5.9%
|
6.01%
|
6.55%
|
4.94%
|
4.13%
|
4.99%
|
5.38%
|
5.74%
|
Price to Book
|
-11.4
x
|
-10.3
x
|
-14.6
x
|
-17.5
x
|
-13
x
|
-16.4
x
|
-20.4
x
|
-28.3
x
|
Nbr of stocks (in thousands)
|
1,555,875
|
1,557,316
|
1,556,828
|
1,550,202
|
1,552,406
|
1,554,557
|
-
|
-
|
Reference price
2 |
85.09
|
82.79
|
95.00
|
101.2
|
94.08
|
102.6
|
102.6
|
102.6
|
Announcement Date
|
2/6/20
|
2/4/21
|
2/10/22
|
2/9/23
|
2/8/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
29,805
|
28,694
|
31,405
|
31,762
|
35,174
|
37,093
|
39,605
|
42,246
|
EBITDA
1 |
12,724
|
12,679
|
14,486
|
13,802
|
14,193
|
15,525
|
16,708
|
17,909
|
EBIT
1 |
11,760
|
11,698
|
13,488
|
12,908
|
13,337
|
14,273
|
15,617
|
16,669
|
Operating Margin
|
39.46%
|
40.77%
|
42.95%
|
40.64%
|
37.92%
|
38.48%
|
39.43%
|
39.46%
|
Earnings before Tax (EBT)
1 |
9,872
|
10,953
|
12,232
|
11,634
|
10,450
|
12,597
|
13,881
|
15,205
|
Net income
1 |
7,185
|
8,056
|
9,109
|
9,048
|
7,813
|
9,371
|
10,288
|
11,288
|
Net margin
|
24.11%
|
28.08%
|
29%
|
28.49%
|
22.21%
|
25.26%
|
25.98%
|
26.72%
|
EPS
2 |
4.610
|
5.160
|
5.830
|
5.810
|
5.020
|
6.028
|
6.686
|
7.277
|
Free Cash Flow
1 |
9,238
|
9,210
|
11,219
|
9,726
|
7,883
|
10,126
|
10,803
|
11,465
|
FCF margin
|
30.99%
|
32.1%
|
35.72%
|
30.62%
|
22.41%
|
27.3%
|
27.28%
|
27.14%
|
FCF Conversion (EBITDA)
|
72.6%
|
72.64%
|
77.45%
|
70.47%
|
55.54%
|
65.22%
|
64.66%
|
64.02%
|
FCF Conversion (Net income)
|
128.57%
|
114.32%
|
123.16%
|
107.49%
|
100.9%
|
108.06%
|
105%
|
101.57%
|
Dividend per Share
2 |
4.620
|
4.740
|
4.900
|
5.040
|
5.200
|
5.267
|
5.478
|
5.640
|
Announcement Date
|
2/6/20
|
2/4/21
|
2/10/22
|
2/9/23
|
2/8/24
|
-
|
-
|
-
|
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 |
8,104
|
7,746
|
7,832
|
8,032
|
8,152
|
8,019
|
8,967
|
9,141
|
9,047
|
8,793
|
9,197
|
9,482
|
9,413
|
9,460
|
9,789
|
EBITDA
1 |
3,272
|
3,589
|
3,470
|
3,542
|
3,201
|
3,215
|
3,745
|
3,950
|
3,283
|
3,592
|
3,854
|
4,150
|
3,605
|
4,055
|
4,267
|
EBIT
1 |
2,993
|
3,340
|
3,224
|
3,330
|
2,976
|
3,019
|
3,532
|
3,734
|
3,052
|
3,360
|
3,609
|
3,880
|
3,460
|
3,802
|
4,017
|
Operating Margin
|
36.93%
|
43.12%
|
41.16%
|
41.46%
|
36.51%
|
37.65%
|
39.39%
|
40.85%
|
33.73%
|
38.21%
|
39.24%
|
40.92%
|
36.76%
|
40.19%
|
41.04%
|
Earnings before Tax (EBT)
1 |
2,768
|
3,140
|
2,925
|
2,823
|
2,746
|
2,479
|
2,263
|
3,101
|
2,607
|
2,731
|
3,180
|
3,430
|
2,957
|
3,299
|
3,586
|
Net income
1 |
2,093
|
2,331
|
2,233
|
2,087
|
2,397
|
1,995
|
1,568
|
2,054
|
2,196
|
2,148
|
2,218
|
2,623
|
2,406
|
2,661
|
2,650
|
Net margin
|
25.83%
|
30.09%
|
28.51%
|
25.98%
|
29.4%
|
24.88%
|
17.49%
|
22.47%
|
24.27%
|
24.43%
|
24.12%
|
27.66%
|
25.56%
|
28.13%
|
27.07%
|
EPS
2 |
1.340
|
1.500
|
1.430
|
1.340
|
1.540
|
1.280
|
1.010
|
1.320
|
1.410
|
1.380
|
1.451
|
1.717
|
1.556
|
1.730
|
1.713
|
Dividend per Share
2 |
1.250
|
1.250
|
1.250
|
1.270
|
1.270
|
1.270
|
1.270
|
1.300
|
1.300
|
1.300
|
1.346
|
1.284
|
1.325
|
1.341
|
1.349
|
Announcement Date
|
2/10/22
|
4/21/22
|
7/21/22
|
10/20/22
|
2/9/23
|
4/20/23
|
7/20/23
|
10/19/23
|
2/8/24
|
4/23/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
24,184
|
24,256
|
23,310
|
39,916
|
44,849
|
43,317
|
41,236
|
40,191
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.901
x
|
1.913
x
|
1.609
x
|
2.892
x
|
3.16
x
|
2.79
x
|
2.468
x
|
2.244
x
|
Free Cash Flow
1 |
9,238
|
9,210
|
11,219
|
9,726
|
7,883
|
10,126
|
10,803
|
11,465
|
ROE (net income / shareholders' equity)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
ROA (Net income/ Total Assets)
|
17.4%
|
18.4%
|
21.2%
|
18%
|
14.7%
|
14.2%
|
15.6%
|
17%
|
Assets
1 |
41,341
|
43,845
|
43,052
|
50,193
|
53,149
|
65,840
|
65,958
|
66,468
|
Book Value Per Share
2 |
-7.450
|
-8.070
|
-6.490
|
-5.770
|
-7.230
|
-6.270
|
-5.030
|
-3.630
|
Cash Flow per Share
2 |
6.480
|
6.300
|
7.680
|
6.960
|
5.930
|
7.070
|
7.720
|
7.930
|
Capex
1 |
852
|
602
|
748
|
1,077
|
1,321
|
1,259
|
1,263
|
1,303
|
Capex / Sales
|
2.86%
|
2.1%
|
2.38%
|
3.39%
|
3.76%
|
3.4%
|
3.19%
|
3.09%
|
Announcement Date
|
2/6/20
|
2/4/21
|
2/10/22
|
2/9/23
|
2/8/24
|
-
|
-
|
-
|
Last Close Price
102.6
USD Average target price
111.2
USD Spread / Average Target +8.36% Consensus |
1st Jan change
|
Capi.
|
---|
| +13.26% | 22.25B | | +28.31% | 6.63B | | +95.82% | 2.63B | | -1.92% | 1.81B | | -6.91% | 1.65B | | -30.79% | 1.15B | | 0.00% | 641M | | +29.18% | 599M | | -35.70% | 440M |
Other Tobacco
|