| Valuation | FY 2024 E | FY 2025 E | FY 2026 E |
|---|---|---|---|
| EV/Sales | 1.03 | 1.02 | 0.98 |
| EV/Comparable EBITDA | 7.50 | 7.24 | 6.84 |
| EV/Comparable EBITA | 8.81 | 8.47 | 7.71 |
| P/E adj. | 13.0 | 12.0 | 11.3 |
| Dividend yield in % | 3.01 | 3.21 | 3.42 |
| Estimates overview | FY 2024 E | FY 2025 E | FY 2026 E |
|---|---|---|---|
| Sales total | 4,068.8 | 4,102.5 | 4,250.0 |
| Comparable EBITDA (in EUR m) | 558.0 | 578.0 | 611.5 |
| Comparable EBITA (in EUR m) | 475.0 | 494.0 | 543.0 |
| Comparable EBIT (in EUR m) | 443.5 | 465.5 | 499.0 |
| EPS, excl. IACs (in EUR) | 3.70 | 4.01 | 4.27 |
| DPS (in EUR) | 1.45 | 1.55 | 1.65 |
| General data (as of last trading day) | |
|---|---|
| Share price in LC | 48.2 |
| Share price performance YTD in % | 18.0 |
| Market capitalisation (in EUR m) | 3,818.8 |
| Enterprise value (in EUR m) | 4,184.6 |
| Equity ratio in % (FY 2023) | 35.0 |
| Sales total, CAGR in % (FY 2023-FY 2025) | 1.70 |
| EPS adj., CAGR in % (FY 2023-FY 2025) | 4.10 |
This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.
