Financials INDITEX

Equities

ITX

ES0148396007

Apparel & Accessories Retailers

Market Closed - BME Other stock markets 03:44:27 07/03/26 am AEDT			5-day change	1st Jan Change
51.88 ^EUR	-2.15%		-8.69%	-7.92%

07/03	Fast fashion piles up in South Asia as Middle East conflict grounds flights	RE
07/03	Fast fashion garments pile up in South Asia as Middle East conflict grounds planes	RE

Projected Income Statement: INDITEX

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	20,402	27,716	32,569	35,947	38,632	39,853	42,645	45,703
Change	-	35.85%	17.51%	10.37%	7.47%	3.16%	7.01%	7.17%
EBITDA ¹	4,552	7,183	8,649	9,850	10,728	11,114	11,997	12,905
Change	-	57.8%	20.41%	13.89%	8.91%	3.6%	7.95%	7.57%
EBIT ¹	1,507	4,282	5,520	6,809	7,554	7,935	8,649	9,385
Change	-	184.14%	28.91%	23.35%	10.94%	5.04%	9%	8.5%
Interest Paid ¹	-139	-142	-214	-11	-77	-95.27	-68.96	-60.5
Earnings before Tax (EBT) ¹	1,401	4,199	5,358	6,870	7,577	7,965	8,670	9,420
Change	-	199.71%	27.6%	28.22%	10.29%	5.11%	8.85%	8.66%
Net income ¹	1,106	3,243	4,130	5,381	5,866	6,151	6,706	7,292
Change	-	193.22%	27.35%	30.29%	9.01%	4.86%	9.03%	8.73%
Announcement Date	10/3/21	16/3/22	15/3/23	13/3/24	12/3/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: January	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	6,052	6,317	4,942	6,994	7,389	8,391	6,742	8,103	8,210	9,514	7,611	9,240	8,758	10,338	8,150	9,915	9,357	11,210	8,274	10,083	9,800	11,676	8,691	10,717	10,451	12,400
Change	-	4.38%	-21.77%	41.52%	5.65%	13.56%	-19.65%	20.19%	1.33%	15.88%	-20%	21.4%	-5.22%	18.04%	-21.16%	21.66%	-5.63%	19.8%	-26.19%	21.86%	-2.81%	19.15%	-25.57%	23.31%	-2.48%	18.65%
EBITDA ¹	1,848	1,218	1,235	1,866	2,330	1,752	1,917	2,112	2,063	2,129	2,195	2,468	2,766	2,421	2,370	2,670	2,927	2,762	2,393	2,721	3,200	2,923	2,603	3,019	3,467	3,191
Change	-	-34.09%	1.4%	51.09%	24.87%	-24.81%	9.42%	10.17%	-2.31%	3.19%	3.1%	12.44%	12.07%	-12.47%	-2.11%	12.66%	9.63%	-5.64%	-13.36%	13.71%	17.6%	-8.66%	-10.95%	15.98%	14.84%	-7.96%
EBIT ¹	1,144	561	569	1,116	1,608	989	1,034	1,397	1,740	1,343	1,483	1,681	2,028	1,617	1,636	1,905	2,132	1,881	1,641	1,931	2,371	2,000	1,809	2,174	2,592	2,211
Change	-	-50.96%	1.43%	96.13%	44.06%	-38.48%	4.55%	35.11%	24.54%	-22.81%	10.42%	13.35%	20.64%	-20.27%	1.18%	16.44%	11.92%	-11.77%	-12.76%	17.67%	22.79%	-15.65%	-9.54%	20.18%	19.23%	-14.7%
Charge d'intérêts ¹	-31	-32	-34	-33	-32.5	-42	-49	-62.45	-	-43	-	43.99	-	-9	-21	-	-	-90	5	-17	-37	-42.63	-10	-5	-	-
Earnings before Tax (EBT) ¹	1,120	544	544	1,099	1,588	967	990	1,350	1,694	1,324	1,505	1,747	1,986	1,632	1,672	1,926	2,156	1,823	1,671	1,930	2,363	1,994	1,826	2,188	2,622	2,253
Change	-	-51.43%	0%	102.02%	44.49%	-39.1%	2.38%	36.36%	25.45%	-21.82%	13.67%	16.08%	13.68%	-17.82%	2.45%	15.19%	11.94%	-15.45%	-8.34%	15.5%	22.44%	-15.6%	-8.44%	19.82%	19.84%	-14.07%
Net income ¹	866	435	421	851	1,228	744	760	1,034	1,301	1,035	1,168	1,345	1,589	1,279	1,294	1,474	1,681	1,417	1,305	1,486	1,800	1,542	1,415	1,695	2,032	1,746
Change	-	-49.77%	-3.22%	102.14%	44.35%	-39.43%	2.15%	36.05%	25.78%	-20.42%	12.85%	15.15%	18.14%	-19.51%	1.17%	13.91%	14.04%	-15.7%	-7.9%	13.87%	21.13%	-14.32%	-8.26%	19.79%	19.88%	-14.07%
Announcement Date	15/12/20	10/3/21	9/6/21	14/9/21	15/12/21	16/3/22	8/6/22	14/9/22	15/12/22	15/3/23	7/6/23	13/9/23	13/12/23	13/3/24	5/6/24	10/9/24	11/12/24	12/3/25	11/6/25	10/9/25	3/12/25	-	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: January	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2	2027 S1	2027 S2
Net sales ¹	11,936	15,780	14,845	17,724	16,851	19,096	18,065	20,567	18,357	21,432	19,407	22,851
Change	-	32.21%	-5.93%	19.39%	-4.93%	13.32%	-5.4%	13.85%	-10.75%	16.75%	-9.45%	17.75%
EBITDA ¹	3,101	4,082	4,029	4,620	4,663	5,188	5,040	5,688	5,114	6,112	5,622	6,658
Change	-	31.63%	-1.3%	14.67%	0.93%	11.26%	-2.85%	12.86%	-10.09%	19.52%	-8.02%	18.43%
EBIT ¹	1,685	2,597	2,431	3,089	3,164	3,645	3,541	4,013	3,572	4,355	3,983	4,803
Change	-	54.12%	-6.39%	27.07%	2.43%	15.2%	-2.85%	13.33%	-10.99%	21.91%	-8.53%	20.59%
Charge d'intérêts ¹	-67	-75	-111.4	-102.6	53.99	43	-	-89	-12	-86.25	-15	-
Earnings before Tax (EBT) ¹	1,643	2,556	2,340	3,018	3,252	3,617	3,598	3,979	3,601	4,355	4,014	4,875
Change	-	55.57%	-8.45%	28.97%	7.75%	11.22%	-0.53%	10.59%	-9.5%	20.94%	-7.83%	21.45%
Net income ¹	1,272	1,971	1,794	2,336	2,513	2,867	2,768	3,098	2,791	3,375	3,111	3,778
Change	-	54.95%	-8.98%	30.21%	7.58%	14.09%	-3.45%	11.92%	-9.91%	20.93%	-7.83%	21.44%
Announcement Date	14/9/21	16/3/22	14/9/22	15/3/23	13/9/23	13/3/24	10/9/24	12/3/25	10/9/25	-	-	-

¹EUR in Million

Estimates

Forecast Balance Sheet: INDITEX

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-7,560	-9,359	-10,070	-11,406	-11,495	-9,532	-10,447	-11,494
Change	-	-23.8%	-7.6%	-13.27%	-0.78%	17.08%	-9.6%	-10.02%
Announcement Date	10/3/21	16/3/22	15/3/23	13/3/24	12/3/25	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: INDITEX

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	708.1	1,126	1,415	1,872	2,672	2,622	2,078	2,141
Change	-	59.02%	25.67%	32.3%	42.74%	-1.86%	-20.75%	3.02%
Free Cash Flow (FCF) ¹	2,309	5,628	3,638	6,795	6,616	5,085	6,976	7,445
Change	-	143.75%	-35.36%	86.78%	-2.63%	-23.14%	37.18%	6.73%
Announcement Date	10/3/21	16/3/22	15/3/23	13/3/24	12/3/25	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: INDITEX

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	22.31%	25.92%	26.56%	27.4%	27.77%	27.89%	28.13%	28.24%
EBIT Margin (%)	7.39%	15.45%	16.95%	18.94%	19.55%	19.91%	20.28%	20.53%
EBT Margin (%)	6.87%	15.15%	16.45%	19.11%	19.61%	19.98%	20.33%	20.61%
Net margin (%)	5.42%	11.7%	12.68%	14.97%	15.18%	15.43%	15.73%	15.95%
FCF margin (%)	11.32%	20.31%	11.17%	18.9%	17.13%	12.76%	16.36%	16.29%
FCF / Net Income (%)	208.76%	173.54%	88.09%	126.28%	112.79%	82.67%	104.02%	102.11%
Profitability
ROA	4.04%	11.72%	14.02%	17.16%	17.39%	20.19%	20.74%	21.21%
ROE	7.52%	21%	25%	30%	30.62%	30.56%	31.84%	32.8%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	3.47%	4.06%	4.34%	5.21%	6.92%	6.58%	4.87%	4.68%
CAPEX / EBITDA (%)	15.56%	15.68%	16.36%	19.01%	24.91%	23.6%	17.32%	16.59%
CAPEX / FCF (%)	30.67%	20.01%	38.89%	27.55%	40.39%	51.57%	29.79%	28.76%
Items per share
Cash flow per share ¹	0.9686	2.169	2.144	2.784	2.982	2.765	3.041	3.184
Change	-	123.95%	-1.15%	29.85%	7.11%	-7.28%	9.97%	4.73%
Dividend per Share ¹	0.7	0.93	1.2	1.54	1.68	1.769	1.936	2.104
Change	-	32.86%	29.03%	28.33%	9.09%	5.3%	9.42%	8.72%
Book Value Per Share ¹	4.662	5.053	5.466	5.989	6.318	6.53	6.963	7.236
Change	-	8.4%	8.17%	9.57%	5.49%	3.36%	6.64%	3.92%
EPS ¹	0.355	1.042	1.327	1.729	1.884	1.978	2.151	2.332
Change	-	193.52%	27.35%	30.29%	8.96%	4.99%	8.75%	8.43%
Nbr of stocks (in thousands)	3,114,926	3,114,926	3,111,719	3,113,070	3,114,746	3,114,746	3,114,746	3,114,746
Announcement Date	10/3/21	16/3/22	15/3/23	13/3/24	12/3/25	-	-	-