Financials Schneider Electric S.E. Börse Stuttgart

Equities

SNDB

US80687P1066

Electrical Components & Equipment

Market Closed - Börse Stuttgart Other stock markets 09:22:48 2024-07-12 am EDT			5-day change	1st Jan Change
45.8 ^EUR	0.00%		+0.44%	+27.22%

Jul. 11	SCHNEIDER ELECTRIC : Gets a Buy rating from JP Morgan	ZD
Jul. 09	SCHNEIDER ELECTRIC : JP Morgan reaffirms its Buy rating	ZD

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	50,403	63,334	95,626	72,565	101,953	131,458	-	-
Enterprise Value (EV) ¹	54,195	66,895	102,753	76,126	111,320	138,971	136,306	133,764
P/E ratio	21.1 x	31 x	29.9 x	21.3 x	25.7 x	29.5 x	26.2 x	23.2 x
Yield	2.79%	2.2%	1.68%	2.41%	1.93%	1.59%	1.73%	1.9%
Capitalization / Revenue	1.86 x	2.52 x	3.31 x	2.12 x	2.84 x	3.48 x	3.23 x	2.99 x
EV / Revenue	2 x	2.66 x	3.55 x	2.23 x	3.1 x	3.68 x	3.34 x	3.05 x
EV / EBITDA	10.3 x	13.6 x	17.2 x	10.8 x	15 x	17.6 x	15.7 x	13.9 x
EV / FCF	15.6 x	18.2 x	36.7 x	22.9 x	24.2 x	31.3 x	27.6 x	23.9 x
FCF Yield	6.41%	5.49%	2.72%	4.37%	4.13%	3.19%	3.62%	4.19%
Price to Book	2.36 x	3.18 x	3.93 x	3 x	3.89 x	4.59 x	4.17 x	3.78 x
Nbr of stocks (in thousands)	550,856	535,371	554,483	555,118	560,858	559,632	-	-
Reference price ²	91.50	118.3	172.5	130.7	181.8	234.9	234.9	234.9
Announcement Date	2/20/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	27,158	25,159	28,905	34,176	35,902	37,789	40,757	43,913
EBITDA ¹	5,240	4,929	5,991	7,075	7,442	7,876	8,693	9,603
EBIT ¹	4,238	3,926	4,987	6,017	6,412	6,756	7,545	8,361
Operating Margin	15.6%	15.6%	17.25%	17.61%	17.86%	17.88%	18.51%	19.04%
Earnings before Tax (EBT) ¹	3,138	2,810	4,155	4,718	5,403	5,944	6,766	7,642
Net income ¹	2,413	2,126	3,204	3,477	4,033	4,511	5,109	5,798
Net margin	8.89%	8.45%	11.08%	10.17%	11.23%	11.94%	12.54%	13.2%
EPS ²	4.330	3.810	5.761	6.150	7.070	7.957	8.968	10.13
Free Cash Flow ¹	3,476	3,673	2,799	3,330	4,594	4,440	4,938	5,608
FCF margin	12.8%	14.6%	9.68%	9.74%	12.8%	11.75%	12.12%	12.77%
FCF Conversion (EBITDA)	66.34%	74.52%	46.72%	47.07%	61.73%	56.37%	56.81%	58.39%
FCF Conversion (Net income)	144.05%	172.77%	87.36%	95.77%	113.91%	98.41%	96.65%	96.71%
Dividend per Share ²	2.550	2.600	2.900	3.150	3.500	3.735	4.064	4.469
Announcement Date	2/20/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-	-

¹EUR in Million²EUR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2020 S1	2020 S2	2021 S1	2021 Q3	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
Net sales ¹	13,956	11,575	13,584	13,774	7,221	7,910	15,131	7,566	8,511	16,077	8,779	9,320	18,099	8,493	9,140	17,633	8,789	9,480	18,269	8,606	9,497	18,096	9,383	10,138	19,566	19,117
EBITDA	-	2,068	2,861	2,849	-	-	-	-	-	-	-	-	3,756	-	-	3,689	-	-	-	-	-	-	-	-	-	-
EBIT	2,278	1,576	2,350	2,362	-	-	2,625	-	-	2,782	-	-	3,235	-	-	3,174	-	-	3,238	-	-	3,178	-	-	3,585	3,366
Operating Margin	16.32%	13.62%	17.3%	17.15%	-	-	17.35%	-	-	17.3%	-	-	17.87%	-	-	18%	-	-	17.72%	-	-	17.56%	-	-	18.32%	17.61%
Earnings before Tax (EBT)	1,853	1,028	1,782	2,018	-	-	2,137	-	-	2,084	-	-	2,634	-	-	2,745	-	-	2,658	-	-	2,784	-	-	-	-
Net income	1,420	775	1,351	1,556	-	-	1,648	-	-	1,519	-	-	1,958	-	-	2,023	-	-	2,010	-	-	2,110	-	-	-	-
Net margin	10.17%	6.7%	9.95%	11.3%	-	-	10.89%	-	-	9.45%	-	-	10.82%	-	-	11.47%	-	-	11%	-	-	11.66%	-	-	-	-
EPS	2.500	1.402	2.408	2.803	-	-	2.958	-	-	-	-	-	3.460	-	-	3.570	-	-	3.500	-	-	3.875	-	-	-	4.290
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/20/20	7/29/20	2/11/21	7/30/21	10/27/21	2/17/22	2/17/22	4/27/22	7/28/22	7/28/22	10/27/22	2/16/23	2/16/23	4/27/23	7/27/23	7/27/23	10/26/23	2/15/24	2/15/24	4/25/24	-	-	-	-	-	-

¹EUR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	3,792	3,561	7,127	3,561	9,367	7,513	4,849	2,307
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.7237 x	0.7225 x	1.19 x	0.5033 x	1.259 x	0.9539 x	0.5578 x	0.2402 x
Free Cash Flow ¹	3,476	3,673	2,799	3,330	4,594	4,440	4,938	5,608
ROE (net income / shareholders' equity)	13.9%	10.1%	14.2%	13.9%	15.5%	17.2%	17.8%	17.9%
ROA (Net income/ Total Assets)	6.72%	4.5%	6.16%	6.16%	6.88%	7.72%	8.32%	8.85%
Assets ¹	35,895	47,242	52,015	56,458	58,634	58,421	61,437	65,526
Book Value Per Share ²	38.70	37.20	43.90	43.60	46.80	51.20	56.30	62.10
Cash Flow per Share ²	7.680	7.950	6.400	7.700	10.40	9.800	10.80	12.30
Capex ¹	806	762	876	1,024	1,313	1,356	1,419	1,474
Capex / Sales	2.97%	3.03%	3.03%	3%	3.66%	3.59%	3.48%	3.36%
Announcement Date	2/20/20	2/11/21	2/17/22	2/16/23	2/15/24	-	-	-

¹EUR in Million²EUR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Schneider Electric S.E.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

234.9 EUR

Average target price

225 EUR

Spread / Average Target

-4.21%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Electrical Components & Equipment

	1st Jan change	Capi.
SIEMENS AG	+8.38%	152B
EMERSON ELECTRIC CO.	+17.73%	65.31B
AMETEK, INC.	+2.81%	39.19B
VERTIV HOLDINGS CO	+86.65%	34.76B
DELTA ELECTRONICS, INC.	+34.61%	34.74B
WEG S.A.	+24.30%	34.73B
DELTA ELECTRONICS (THAILAND)	+1.70%	31.35B
ROCKWELL AUTOMATION, INC.	-8.74%	31.26B
LEGRAND	+2.87%	26.96B

Other Electrical Components & Equipment