Real-time Estimate
Cboe Europe
11:20:00 2024-07-03 am EDT
|
5-day change
|
1st Jan Change
|
225.8
CHF
|
+1.23%
|
|
+1.36%
|
+12.03%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
25,812
|
25,616
|
26,320
|
18,244
|
21,880
|
24,108
|
-
|
-
|
Enterprise Value (EV)
1 |
24,032
|
23,164
|
23,983
|
15,848
|
19,006
|
21,065
|
20,640
|
19,997
|
P/E ratio
|
29.5
x
|
35.5
x
|
31.8
x
|
29.5
x
|
24.8
x
|
25.9
x
|
23.6
x
|
22.1
x
|
Yield
|
1.69%
|
1.68%
|
1.64%
|
2.4%
|
2.51%
|
2.47%
|
2.65%
|
2.92%
|
Capitalization / Revenue
|
2.29
x
|
2.41
x
|
2.34
x
|
1.61
x
|
1.9
x
|
2.08
x
|
2.03
x
|
1.97
x
|
EV / Revenue
|
2.13
x
|
2.18
x
|
2.13
x
|
1.4
x
|
1.65
x
|
1.82
x
|
1.73
x
|
1.63
x
|
EV / EBITDA
|
14.7
x
|
14.9
x
|
15.1
x
|
11.4
x
|
11.8
x
|
13
x
|
11.8
x
|
10.8
x
|
EV / FCF
|
25
x
|
16
x
|
20
x
|
28
x
|
16.2
x
|
20.3
x
|
19.5
x
|
16.8
x
|
FCF Yield
|
3.99%
|
6.26%
|
4.99%
|
3.58%
|
6.18%
|
4.92%
|
5.13%
|
5.95%
|
Price to Book
|
6.74
x
|
6.59
x
|
6.11
x
|
4.15
x
|
4.66
x
|
4.8
x
|
4.64
x
|
4.31
x
|
Nbr of stocks (in thousands)
|
107,281
|
107,414
|
107,507
|
107,643
|
107,468
|
107,560
|
-
|
-
|
Reference price
2 |
237.2
|
238.4
|
244.4
|
166.8
|
199.5
|
223.0
|
223.0
|
223.0
|
Announcement Date
|
2/14/20
|
2/17/21
|
2/16/22
|
2/22/23
|
2/14/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,271
|
10,640
|
11,236
|
11,346
|
11,494
|
11,576
|
11,898
|
12,268
|
EBITDA
1 |
1,630
|
1,556
|
1,591
|
1,391
|
1,604
|
1,626
|
1,743
|
1,850
|
EBIT
1 |
1,314
|
1,185
|
1,252
|
1,047
|
1,255
|
1,312
|
1,424
|
1,516
|
Operating Margin
|
11.66%
|
11.14%
|
11.14%
|
9.23%
|
10.92%
|
11.33%
|
11.97%
|
12.36%
|
Earnings before Tax (EBT)
1 |
1,201
|
993
|
1,124
|
853
|
1,175
|
1,275
|
1,407
|
1,483
|
Net income
1 |
863
|
722
|
828
|
610
|
866
|
925
|
1,017
|
1,085
|
Net margin
|
7.66%
|
6.79%
|
7.37%
|
5.38%
|
7.53%
|
7.99%
|
8.55%
|
8.84%
|
EPS
2 |
8.030
|
6.710
|
7.680
|
5.660
|
8.040
|
8.595
|
9.443
|
10.09
|
Free Cash Flow
1 |
960
|
1,451
|
1,197
|
567
|
1,175
|
1,036
|
1,059
|
1,190
|
FCF margin
|
8.52%
|
13.64%
|
10.65%
|
5%
|
10.22%
|
8.95%
|
8.9%
|
9.7%
|
FCF Conversion (EBITDA)
|
58.9%
|
93.25%
|
75.24%
|
40.76%
|
73.25%
|
63.67%
|
60.78%
|
64.3%
|
FCF Conversion (Net income)
|
111.24%
|
200.97%
|
144.57%
|
92.95%
|
135.68%
|
111.95%
|
104.17%
|
109.67%
|
Dividend per Share
2 |
4.000
|
4.000
|
4.000
|
4.000
|
5.000
|
5.499
|
5.900
|
6.522
|
Announcement Date
|
2/14/20
|
2/17/21
|
2/16/22
|
2/22/23
|
2/14/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 S1
|
2021 Q3
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 S2
|
---|
Net sales
1 |
5,475
|
2,807
|
2,954
|
5,761
|
2,632
|
2,713
|
2,965
|
3,036
|
2,796
|
2,926
|
2,812
|
2,960
|
2,673
|
2,913
|
2,827
|
3,008
|
-
|
2,765
|
-
|
EBITDA
|
-
|
-
|
258.8
|
-
|
261.8
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
308
|
306
|
614
|
236
|
230
|
272
|
309
|
272
|
334
|
311
|
338
|
298
|
339.4
|
330.1
|
349.8
|
-
|
323.6
|
-
|
Operating Margin
|
-
|
10.97%
|
10.36%
|
10.66%
|
8.97%
|
8.48%
|
9.17%
|
10.18%
|
9.73%
|
11.41%
|
11.06%
|
11.42%
|
11.15%
|
11.65%
|
11.68%
|
11.63%
|
-
|
11.7%
|
-
|
Earnings before Tax (EBT)
1 |
-
|
299
|
242
|
-
|
188
|
196
|
241
|
228
|
274
|
322
|
293
|
286
|
296
|
325
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
-
|
234
|
164
|
-
|
144
|
152
|
185
|
129
|
212
|
251
|
228
|
175
|
232
|
238.1
|
223.2
|
226.6
|
-
|
225.4
|
-
|
Net margin
|
-
|
8.34%
|
5.55%
|
-
|
5.47%
|
5.6%
|
6.24%
|
4.25%
|
7.58%
|
8.58%
|
8.11%
|
5.91%
|
8.68%
|
8.17%
|
7.9%
|
7.53%
|
-
|
8.15%
|
-
|
EPS
2 |
-
|
2.060
|
1.620
|
-
|
1.240
|
1.300
|
1.590
|
1.530
|
1.840
|
2.150
|
1.970
|
2.080
|
2.050
|
2.129
|
2.073
|
2.105
|
-
|
2.094
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
5.800
|
-
|
6.600
|
Announcement Date
|
7/23/21
|
10/21/21
|
2/16/22
|
2/16/22
|
4/22/22
|
7/22/22
|
10/20/22
|
2/22/23
|
4/20/23
|
7/21/23
|
10/19/23
|
2/14/24
|
4/18/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
1,780
|
2,452
|
2,337
|
2,396
|
2,874
|
3,043
|
3,468
|
4,111
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
960
|
1,451
|
1,197
|
567
|
1,175
|
1,036
|
1,059
|
1,190
|
ROE (net income / shareholders' equity)
|
23.3%
|
19.6%
|
21.9%
|
14.9%
|
19.4%
|
19.8%
|
20.2%
|
19.8%
|
ROA (Net income/ Total Assets)
|
8.39%
|
6.7%
|
7.84%
|
6.06%
|
7.95%
|
8.19%
|
8.78%
|
7.8%
|
Assets
1 |
10,287
|
10,776
|
10,565
|
10,068
|
10,893
|
11,288
|
11,588
|
13,906
|
Book Value Per Share
2 |
35.20
|
36.20
|
40.00
|
40.20
|
42.80
|
46.40
|
48.10
|
51.70
|
Cash Flow per Share
2 |
11.00
|
14.70
|
12.20
|
6.390
|
11.80
|
12.70
|
13.90
|
15.40
|
Capex
1 |
225
|
130
|
117
|
121
|
96
|
172
|
182
|
180
|
Capex / Sales
|
2%
|
1.22%
|
1.04%
|
1.07%
|
0.84%
|
1.48%
|
1.53%
|
1.47%
|
Announcement Date
|
2/14/20
|
2/17/21
|
2/16/22
|
2/22/23
|
2/14/24
|
-
|
-
|
-
|
Average target price
235.4
CHF Spread / Average Target +5.55% Consensus |
1st Jan change
|
Capi.
|
---|
| +11.78% | 26.67B | | +7.24% | 38.79B | | +3.99% | 25.83B | | +4.75% | 6.92B | | +1.69% | 2.42B | | +23.55% | 2.1B | | +5.28% | 1.95B | | -1.77% | 1.48B | | +66.67% | 1.45B | | -99.92% | 1.24B |
Elevator & Conveying Equipment
|