Real-time Estimate
Cboe Europe
09:32:00 2024-05-06 am EDT
|
5-day change
|
1st Jan Change
|
13.95
CHF
|
+0.43%
|
|
+4.02%
|
+12.40%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
7,121
|
6,198
|
6,262
|
4,822
|
4,086
|
4,568
|
-
|
-
|
Enterprise Value (EV)
1 |
8,423
|
7,238
|
7,797
|
5,572
|
4,841
|
6,110
|
6,083
|
5,912
|
P/E ratio
|
720
x
|
8.22
x
|
18.3
x
|
56.3
x
|
30.3
x
|
17.8
x
|
14
x
|
12
x
|
Yield
|
16.4%
|
16.7%
|
2.11%
|
2.87%
|
3.38%
|
3.26%
|
3.57%
|
3.9%
|
Capitalization / Revenue
|
1.62
x
|
1.61
x
|
1.43
x
|
0.93
x
|
0.93
x
|
1.07
x
|
1.01
x
|
0.97
x
|
EV / Revenue
|
1.91
x
|
1.88
x
|
1.78
x
|
1.07
x
|
1.11
x
|
1.43
x
|
1.35
x
|
1.25
x
|
EV / EBITDA
|
11.4
x
|
11.7
x
|
10.3
x
|
6.24
x
|
7.55
x
|
8.52
x
|
7.56
x
|
6.72
x
|
EV / FCF
|
38.3
x
|
89.4
x
|
1,299
x
|
19
x
|
22.4
x
|
27.3
x
|
21.9
x
|
18.6
x
|
FCF Yield
|
2.61%
|
1.12%
|
0.08%
|
5.26%
|
4.46%
|
3.67%
|
4.57%
|
5.38%
|
Price to Book
|
2.84
x
|
2.76
x
|
2.65
x
|
2.06
x
|
2.03
x
|
2.18
x
|
2
x
|
1.82
x
|
Nbr of stocks (in thousands)
|
329,689
|
329,352
|
329,554
|
329,116
|
329,017
|
328,848
|
-
|
-
|
Reference price
2 |
21.60
|
18.82
|
19.00
|
14.65
|
12.42
|
13.89
|
13.89
|
13.89
|
Announcement Date
|
2/13/20
|
2/11/21
|
5/19/22
|
3/2/23
|
2/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
4,399
|
3,860
|
4,372
|
5,198
|
4,377
|
4,285
|
4,519
|
4,726
|
EBITDA
1 |
740
|
619
|
760
|
893
|
641
|
716.8
|
804.9
|
879.5
|
EBIT
1 |
444
|
350
|
493
|
617
|
405
|
456.3
|
540.3
|
613.2
|
Operating Margin
|
10.09%
|
9.07%
|
11.28%
|
11.87%
|
9.25%
|
10.65%
|
11.96%
|
12.98%
|
Earnings before Tax (EBT)
1 |
71
|
212
|
394
|
6
|
218
|
349.1
|
457.6
|
534.7
|
Net income
1 |
10
|
758
|
344
|
84
|
134
|
252.4
|
324.1
|
383.2
|
Net margin
|
0.23%
|
19.64%
|
7.87%
|
1.62%
|
3.06%
|
5.89%
|
7.17%
|
8.11%
|
EPS
2 |
0.0300
|
2.290
|
1.040
|
0.2600
|
0.4100
|
0.7786
|
0.9887
|
1.155
|
Free Cash Flow
1 |
220
|
81
|
6
|
293
|
216
|
224
|
278
|
318.3
|
FCF margin
|
5%
|
2.1%
|
0.14%
|
5.64%
|
4.93%
|
5.23%
|
6.15%
|
6.74%
|
FCF Conversion (EBITDA)
|
29.73%
|
13.09%
|
0.79%
|
32.81%
|
33.7%
|
31.25%
|
34.54%
|
36.2%
|
FCF Conversion (Net income)
|
2,200%
|
10.69%
|
1.74%
|
348.81%
|
161.19%
|
88.76%
|
85.78%
|
83.08%
|
Dividend per Share
2 |
3.550
|
3.150
|
0.4000
|
0.4200
|
0.4200
|
0.4531
|
0.4964
|
0.5410
|
Announcement Date
|
2/13/20
|
2/11/21
|
5/19/22
|
3/2/23
|
2/28/24
|
-
|
-
|
-
|
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 Q1
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
2,170
|
1,945
|
1,915
|
2,034
|
1,096
|
1,242
|
2,338
|
1,262
|
1,301
|
2,563
|
1,312
|
1,323
|
2,635
|
1,200
|
1,084
|
2,284
|
1,031
|
1,062
|
-
|
1,014
|
1,055
|
2,054
|
1,079
|
1,172
|
2,226
|
-
|
2,165
|
2,196
|
EBITDA
1 |
385
|
309
|
310
|
346
|
190
|
224
|
-
|
238
|
210
|
448
|
242
|
203
|
-
|
184
|
135
|
319
|
164
|
158
|
-
|
184
|
168
|
352
|
184
|
193
|
371
|
-
|
-
|
-
|
EBIT
1 |
-
|
154
|
-
|
215
|
126
|
-
|
278
|
139
|
-
|
311
|
159
|
-
|
306
|
-
|
-
|
199
|
-
|
-
|
206
|
112
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
7.92%
|
-
|
10.57%
|
11.5%
|
-
|
11.89%
|
11.01%
|
-
|
12.13%
|
12.12%
|
-
|
11.61%
|
-
|
-
|
8.71%
|
-
|
-
|
-
|
10.74%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
164
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
190
|
-
|
-
|
-
|
-
|
-
|
175
|
-
|
-
|
175
|
-
|
-
|
-
|
Net income
|
121
|
75
|
683
|
93
|
101.5
|
101.5
|
-
|
184
|
184
|
369
|
-
|
-
|
-
|
-
|
-
|
209
|
-
|
-
|
-
|
-
|
114.6
|
194
|
-
|
204.2
|
35
|
-
|
-
|
-
|
Net margin
|
5.58%
|
3.86%
|
35.67%
|
4.57%
|
9.26%
|
8.17%
|
-
|
14.58%
|
14.14%
|
14.4%
|
-
|
-
|
-
|
-
|
-
|
9.15%
|
-
|
-
|
-
|
-
|
10.86%
|
9.44%
|
-
|
17.43%
|
1.57%
|
-
|
-
|
-
|
EPS
|
0.3700
|
-
|
-
|
-
|
0.3000
|
0.3000
|
-
|
0.5600
|
0.5600
|
1.120
|
-
|
-
|
-
|
-
|
-
|
0.6400
|
-
|
-
|
-
|
-
|
0.3480
|
-
|
-
|
0.6205
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
0.4000
|
-
|
-
|
-
|
-
|
-
|
0.4200
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.4410
|
-
|
-
|
-
|
-
|
Announcement Date
|
2/13/20
|
7/30/20
|
2/11/21
|
7/29/21
|
10/28/21
|
5/19/22
|
5/19/22
|
6/15/22
|
7/28/22
|
7/28/22
|
10/27/22
|
3/2/23
|
3/2/23
|
5/5/23
|
7/28/23
|
7/28/23
|
10/30/23
|
2/28/24
|
2/28/24
|
4/30/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
1,302
|
1,040
|
1,535
|
750
|
755
|
1,543
|
1,515
|
1,344
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.759
x
|
1.68
x
|
2.02
x
|
0.8399
x
|
1.178
x
|
2.152
x
|
1.883
x
|
1.528
x
|
Free Cash Flow
1 |
220
|
81
|
6
|
293
|
216
|
224
|
278
|
318
|
ROE (net income / shareholders' equity)
|
10.8%
|
9.01%
|
14.8%
|
3.58%
|
13.3%
|
13.4%
|
15.6%
|
16.4%
|
ROA (Net income/ Total Assets)
|
3.58%
|
2.87%
|
4.92%
|
1.27%
|
5.04%
|
4.74%
|
5.46%
|
5.65%
|
Assets
1 |
279
|
26,409
|
6,985
|
6,614
|
2,657
|
5,328
|
5,936
|
6,779
|
Book Value Per Share
2 |
7.610
|
6.810
|
7.160
|
7.110
|
6.100
|
6.380
|
6.960
|
7.650
|
Cash Flow per Share
2 |
1.540
|
1.110
|
1.100
|
1.520
|
-
|
1.020
|
1.490
|
1.740
|
Capex
1 |
289
|
288
|
357
|
209
|
207
|
220
|
237
|
247
|
Capex / Sales
|
6.57%
|
7.46%
|
8.17%
|
4.02%
|
4.73%
|
5.14%
|
5.25%
|
5.23%
|
Announcement Date
|
2/13/20
|
2/11/21
|
5/19/22
|
3/2/23
|
2/28/24
|
-
|
-
|
-
|
Last Close Price
13.89
CHF Average target price
15.08
CHF Spread / Average Target +8.57% Consensus |
1st Jan change
|
Capi.
|
---|
| +12.08% | 5.05B | | +14.70% | 64.97B | | -1.28% | 47.76B | | +14.38% | 40.72B | | +20.84% | 26.88B | | +9.84% | 19.29B | | +1.16% | 17.53B | | -21.87% | 16.03B | | +1.42% | 15.17B | | -11.34% | 15.06B |
Other Specialty Chemicals
|