Real-time Estimate
Cboe Europe
03:18:46 2024-07-08 am EDT
|
5-day change
|
1st Jan Change
|
36.62
CHF
|
-1.94%
|
|
-0.54%
|
-16.69%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
12,755
|
12,291
|
14,175
|
13,103
|
11,658
|
9,694
|
-
|
-
|
Enterprise Value (EV)
1 |
11,407
|
10,594
|
11,619
|
11,309
|
9,672
|
7,482
|
7,338
|
7,195
|
P/E ratio
|
19.1
x
|
-244
x
|
18.9
x
|
16.9
x
|
13.6
x
|
11.9
x
|
10.7
x
|
9.99
x
|
Yield
|
2.96%
|
1.45%
|
1.97%
|
2.28%
|
2.84%
|
3.61%
|
3.96%
|
4.36%
|
Capitalization / Revenue
|
1.55
x
|
2.2
x
|
1.94
x
|
1.75
x
|
1.48
x
|
1.24
x
|
1.18
x
|
1.13
x
|
EV / Revenue
|
1.38
x
|
1.89
x
|
1.59
x
|
1.51
x
|
1.23
x
|
0.95
x
|
0.89
x
|
0.84
x
|
EV / EBITDA
|
7.59
x
|
20.6
x
|
7.96
x
|
7.23
x
|
6.12
x
|
4.98
x
|
4.51
x
|
4.17
x
|
EV / FCF
|
14.7
x
|
18.6
x
|
11.6
x
|
33.6
x
|
-56.9
x
|
8.87
x
|
11.8
x
|
11.4
x
|
FCF Yield
|
6.82%
|
5.38%
|
8.63%
|
2.98%
|
-1.76%
|
11.3%
|
8.45%
|
8.81%
|
Price to Book
|
1.21
x
|
1.14
x
|
1.24
x
|
1.13
x
|
0.97
x
|
0.76
x
|
0.74
x
|
0.71
x
|
Nbr of stocks (in thousands)
|
48,367
|
51,619
|
51,771
|
51,808
|
51,836
|
51,872
|
-
|
-
|
Reference price
2 |
270.0
|
241.5
|
279.0
|
263.0
|
228.6
|
187.0
|
187.0
|
187.0
|
Announcement Date
|
1/30/20
|
1/28/21
|
1/25/22
|
1/24/23
|
1/23/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
8,243
|
5,595
|
7,313
|
7,499
|
7,888
|
7,848
|
8,226
|
8,581
|
EBITDA
1 |
1,503
|
515
|
1,459
|
1,565
|
1,581
|
1,502
|
1,626
|
1,724
|
EBIT
1 |
1,023
|
52
|
1,021
|
1,158
|
1,191
|
1,111
|
1,222
|
1,310
|
Operating Margin
|
12.41%
|
0.93%
|
13.96%
|
15.44%
|
15.1%
|
14.16%
|
14.86%
|
15.27%
|
Earnings before Tax (EBT)
1 |
1,004
|
36
|
1,011
|
1,096
|
1,152
|
1,084
|
1,194
|
1,245
|
Net income
1 |
730
|
-51
|
765
|
807
|
869
|
778.9
|
870.3
|
912.6
|
Net margin
|
8.86%
|
-0.91%
|
10.46%
|
10.76%
|
11.02%
|
9.93%
|
10.58%
|
10.63%
|
EPS
2 |
14.17
|
-0.9900
|
14.77
|
15.56
|
16.75
|
15.77
|
17.43
|
18.72
|
Free Cash Flow
1 |
778
|
570
|
1,003
|
337
|
-170
|
843.8
|
619.9
|
633.7
|
FCF margin
|
9.44%
|
10.19%
|
13.72%
|
4.49%
|
-2.16%
|
10.75%
|
7.54%
|
7.38%
|
FCF Conversion (EBITDA)
|
51.76%
|
110.68%
|
68.75%
|
21.53%
|
-
|
56.19%
|
38.13%
|
36.76%
|
FCF Conversion (Net income)
|
106.58%
|
-
|
131.11%
|
41.76%
|
-
|
108.33%
|
71.23%
|
69.44%
|
Dividend per Share
2 |
8.000
|
3.500
|
5.500
|
6.000
|
6.500
|
6.744
|
7.401
|
8.153
|
Announcement Date
|
1/30/20
|
1/28/21
|
1/25/22
|
1/24/23
|
1/23/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
---|
Net sales
1 |
4,170
|
2,197
|
3,398
|
3,392
|
3,921
|
3,612
|
3,887
|
4,019
|
3,869
|
3,778
|
4,027
|
EBITDA
|
716
|
-86
|
601
|
623
|
858
|
709
|
-
|
878
|
703
|
-
|
-
|
EBIT
1 |
476
|
-321
|
379
|
402
|
619
|
503
|
655
|
686
|
505
|
495.4
|
560
|
Operating Margin
|
11.41%
|
-14.61%
|
11.15%
|
11.85%
|
15.79%
|
13.93%
|
16.85%
|
17.07%
|
13.05%
|
13.11%
|
13.91%
|
Earnings before Tax (EBT)
1 |
464
|
-344
|
380
|
402
|
609
|
443
|
-
|
-
|
500
|
484
|
518
|
Net income
1 |
315
|
-303
|
252
|
267
|
498
|
311
|
-
|
486
|
383
|
327.3
|
-
|
Net margin
|
7.55%
|
-13.79%
|
7.42%
|
7.87%
|
12.7%
|
8.61%
|
-
|
12.09%
|
9.9%
|
8.66%
|
-
|
EPS
|
6.360
|
-
|
4.880
|
5.150
|
9.620
|
-
|
9.560
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
1/30/20
|
7/14/20
|
1/28/21
|
7/12/21
|
1/25/22
|
7/14/22
|
1/24/23
|
7/13/23
|
1/23/24
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
1,348
|
1,697
|
2,556
|
1,794
|
1,986
|
2,212
|
2,356
|
2,499
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
778
|
570
|
1,003
|
337
|
-170
|
844
|
620
|
634
|
ROE (net income / shareholders' equity)
|
6.6%
|
-0.46%
|
6.82%
|
6.86%
|
7.19%
|
5.97%
|
6.35%
|
6.17%
|
ROA (Net income/ Total Assets)
|
5.34%
|
-0.38%
|
5.76%
|
5.85%
|
6.18%
|
4.49%
|
4.62%
|
3.79%
|
Assets
1 |
13,677
|
13,295
|
13,287
|
13,785
|
14,061
|
17,347
|
18,839
|
24,107
|
Book Value Per Share
2 |
223.0
|
212.0
|
224.0
|
233.0
|
236.0
|
245.0
|
254.0
|
262.0
|
Cash Flow per Share
2 |
23.80
|
15.80
|
25.10
|
14.00
|
11.90
|
23.60
|
22.90
|
25.10
|
Capex
1 |
446
|
249
|
295
|
387
|
785
|
522
|
501
|
475
|
Capex / Sales
|
5.41%
|
4.45%
|
4.03%
|
5.16%
|
9.95%
|
6.65%
|
6.09%
|
5.54%
|
Announcement Date
|
1/30/20
|
1/28/21
|
1/25/22
|
1/24/23
|
1/23/24
|
-
|
-
|
-
|
Average target price
226.1
CHF Spread / Average Target +20.93% Consensus |
1st Jan change
|
Capi.
|
---|
| +27.82% | 1.66B | | +78.36% | 1.25B | | -19.54% | 539M | | -13.04% | 535M | | +16.85% | 497M | | -18.98% | 481M | | +1.08% | 124M | | 0.00% | 87.62M | | -6.76% | 76.11M |
Watches
|