Trading at less than 9 times earnings and at an EV/EBITDA ratio of less than 5, Verallia is still attractive thanks to its very robust and resilient performance.

Source: https://seekingalpha.com/article/4636737-verallia-trading-at-a-13-percent-free-cash-flow-yield-and-8x-earnings?source=feed_all_articles

Verallia budgets about 8% of its annual revenue for sustaining capex, so 270M EUR is not surprising.

Source: https://seekingalpha.com/article/4579926-verallia-glass-container-producer-available-at-10-percent-fcf-yield?source=feed_all_articles

Verallia is guiding for an average sustaining capex of 8% of the revenue.

Source: https://seekingalpha.com/article/4636737-verallia-trading-at-a-13-percent-free-cash-flow-yield-and-8x-earnings?source=feed_all_articles