Valuation A2A LIQUIDNET SYSTEMS

Stocks

End-of-day quote LIQUIDNET SYSTEMS Other stock markets			5-day change	1st Jan Change
- ^EUR	-.--%		-.--%	-

07-31	European markets end July higher, Amplifon leads the MIB	AN
07-31	A2A S.p.A., H1 2026 Earnings Call, Jul 30, 2026

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	5,240	3,900	5,824	6,720	7,227	7,099	-	-
Change	-	-25.57%	49.32%	15.38%	7.54%	-1.77%	-	-
Enterprise Value (EV) ¹	9,353	8,158	10,507	12,555	12,701	13,006	13,389	13,745
Change	-	-12.78%	28.79%	19.49%	1.16%	2.4%	2.94%	2.66%
P/E	10.4x	9.72x	8.85x	7.77x	9.65x	10.9x	10.8x	10.4x
PBR	1.43x	1x	1.37x	1.23x	1.22x	1.24x	1.13x	1.04x
PEG	-	-0.4x	0.1x	0.2x	-0.7x	-0.8x	10.23x	2.52x
Capitalization / Revenue	0.45x	0.17x	0.39x	0.52x	0.51x	0.49x	0.51x	0.5x
EV / Revenue	0.81x	0.35x	0.71x	0.98x	0.9x	0.89x	0.96x	0.97x
EV / EBITDA	6.55x	5.42x	5.33x	5.39x	5.54x	5.81x	5.81x	5.74x
EV / EBIT	14.2x	11.9x	10.3x	9.53x	10.3x	11.4x	11.4x	11.4x
EV / FCF	26.3x	20.2x	-31.3x	-33.7x	134x	-203x	-111x	-352x
FCF Yield	3.8%	4.95%	-3.2%	-2.97%	0.75%	-0.49%	-0.9%	-0.28%
Dividend per Share ²	0.0824	0.0849	0.0958	0.1	0.104	0.1085	0.1114	0.1182
Rate of return	4.79%	6.82%	5.15%	4.66%	4.5%	4.78%	4.91%	5.21%
EPS ²	0.1651	0.1281	0.2101	0.2759	0.2395	0.2074	0.2096	0.2183
Distribution rate	49.9%	66.3%	45.6%	36.2%	43.4%	52.3%	53.2%	54.1%
Net sales ¹	11,549	23,166	14,758	12,857	14,063	14,558	14,015	14,169
EBITDA ¹	1,428	1,505	1,971	2,328	2,292	2,238	2,303	2,396
EBIT ¹	660	687	1,017	1,317	1,235	1,144	1,170	1,210
Net income ¹	504	401	659	864	750	643.1	654.3	687
Net Debt ¹	4,113	4,258	4,683	5,835	5,474	5,907	6,290	6,646
Reference price ²	1.720	1.245	1.859	2.145	2.310	2.269	2.269	2.269
Nbr of stocks (in thousands)	3,046,750	3,132,905	3,132,905	3,132,905	3,128,587	3,128,758	-	-
Announcement Date	3/17/22	3/16/23	3/27/24	3/20/25	3/17/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
GE VERNOVA INC.	32.19x	5.45x	39.63x	0.2%	264B
NEXTERA ENERGY	21.59x	9.15x	15.6x	2.84%	181B
IBERDROLA, S.A.	20.31x	4.2x	11.56x	3.52%	154B
ENEL S.P.A.	13.47x	2.03x	6.87x	5.24%	113B
SOUTHERN COMPANY	21.19x	5.98x	13.71x	3.2%	107B
DUKE ENERGY CORPORATION	18.56x	5.64x	11.34x	3.49%	97.78B
CONSTELLATION ENERGY CORPORATION	21.04x	3.26x	12.98x	0.65%	93.83B
AMERICAN ELECTRIC POWER COMPANY, INC.	19.93x	5.22x	12.18x	3%	69.56B
DOMINION ENERGY, INC.	19.23x	6.34x	13.61x	3.86%	60.84B
Average	20.84x	5.25x	15.28x	2.89%	126.76B
Weighted average by Cap.	22.50x	5.45x	18.67x	2.53%