"FCFA2S increased €32.3 million to €133.4 million compared to €101.1 million for the same period in 2023 representing an increase of 32%. "
so...
Back of the envelope:
Annualized 533.6 and 784 CAD with a
TEV 9.75Billion
FCF yield 8%, and forward FCF yield of almost 11%
Yes, I like this
Mark Leonard is one of the world best capital allocators.