Projected Income Statement: Amundi

Forecast Balance Sheet: Amundi

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 1,170 - 1,376 663 -174 -1,311 -1,773 -2,251
Change - - - -51.82% -126.24% -654.46% -35.24% -26.96%
Announcement Date 09/02/22 08/02/23 07/02/24 04/02/25 03/02/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Amundi

Fiscal Period: December 2021 2023 2024 2025 2026 2027 2028
CAPEX 1 47.32 53.43 68.65 93.57 59.49 60.43 62.12
Change - - 28.48% 36.31% -36.42% 1.58% 2.79%
Free Cash Flow (FCF) 1 1,908 1,490 1,522 1,728 1,406 1,501 1,502
Change - - 2.13% 13.53% -18.62% 6.76% 0.07%
Announcement Date 09/02/22 07/02/24 04/02/25 03/02/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Amundi

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 52.01% - - 49.84% 44.63% 51.03% 50.67% 50.48%
EBIT Margin (%) 52.12% 46.73% 46.75% 47.47% 47.88% 48.19% 47.36% 47.32%
EBT Margin (%) 51.75% 44.72% 47.16% 47.7% 59.73% 52.63% 51.45% 52.14%
Net margin (%) 42.73% 34.24% 36.36% 37.32% 46.59% 41.3% 40.59% 41.19%
FCF margin (%) 59.54% - 46.51% 43.51% 50.56% 39.98% 42.04% 41.13%
FCF / Net Income (%) 139.36% - 127.9% 116.6% 108.52% 96.8% 103.58% 99.83%

Profitability

        
ROA 4.76% - 3.6% 3.51% 3.51% 3.41% 3.35% 3.26%
ROE 13.45% - 10.4% 11.17% 10.98% 11.61% 11.96% 12.02%

Financial Health

        
Leverage (Debt/EBITDA) 0.7x - - 0.38x - - - -
Debt / Free cash flow 0.61x - 0.92x 0.44x - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 1.48% - 1.67% 1.96% 2.74% 1.69% 1.69% 1.7%
CAPEX / EBITDA (%) 2.84% - - 3.94% 6.14% 3.32% 3.34% 3.37%
CAPEX / FCF (%) 2.48% - 3.59% 4.51% 5.42% 4.23% 4.03% 4.14%

Items per share

        
Cash flow per share 1 9.641 - 7.558 7.766 8.858 7.873 8.572 7.53
Change - - - 2.75% 14.05% -11.12% 8.89% -12.16%
Dividend per Share 1 4.1 4.1 4.1 4.25 4.25 4.701 4.943 5.104
Change - 0% 0% 3.66% 0% 10.61% 5.14% 3.26%
Book Value Per Share 1 52.61 - 55.9 59 61.81 63.13 66.26 69.03
Change - - - 5.56% 4.75% 2.14% 4.96% 4.18%
EPS 1 6.75 5.28 5.71 6.37 7.74 7.279 7.219 7.506
Change - -21.78% 8.14% 11.56% 21.51% -5.95% -0.84% 3.98%
Nbr of stocks (in thousands) 202,433 203,604 203,350 204,461 203,768 203,222 203,222 203,222
Announcement Date 09/02/22 08/02/23 07/02/24 04/02/25 03/02/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 12x 12.1x
PBR 1.38x 1.32x
EV / Sales 4.8x 4.6x
Yield 5.38% 5.66%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
87.30EUR
Average target price
87.36EUR
Spread / Average Target
+0.07%

Quarterly revenue - Rate of surprise