Company Valuation: AB SA

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 904 612.7 989.1 1,599 1,531 2,406 - -
Change - -32.23% 61.44% 61.62% -4.2% 57.09% - -
Enterprise Value (EV) 1 1,119 937.9 989.1 1,696 1,608 2,466 2,318 2,263
Change - -16.15% 5.46% 71.43% -5.18% 53.38% -5.99% -2.39%
P/E 7.33x 4.07x 5.25x 9.16x 8.81x - - -
PBR - - - - - - - -
PEG - 0.2x 0.2x -1.37x -48.59x - - -
Capitalization / Revenue 0.07x 0.04x 0.05x 0.11x 0.1x 0.15x 0.15x 0.15x
EV / Revenue 0.09x 0.07x 0.05x 0.12x 0.11x 0.15x 0.14x 0.14x
EV / EBITDA 6.12x 4.05x - 5.49x 5.57x 7.08x 6.82x 6.76x
EV / EBIT 6.75x 4.41x - 5.93x 6.02x 7.52x 7.24x 7.05x
EV / FCF -5.02x -33.9x - 7.43x 15.4x 14.8x 7.69x 11.2x
FCF Yield -19.9% -2.95% - 13.5% 6.5% 6.77% 13% 8.93%
Dividend per Share 2 1 0.9972 - 2 - 6.45 7.49 7.05
Rate of return 1.79% 2.62% - 1.98% - 4.2% 4.88% 4.59%
EPS 2 7.64 9.34 11.82 11.03 11.01 - - -
Distribution rate 13.1% 10.7% - 18.1% - - - -
Net sales 1 13,074 14,031 19,226 14,658 14,931 16,009 16,075 16,318
EBITDA 1 182.8 231.4 - 308.6 288.9 348 339.8 334.9
EBIT 1 165.8 212.5 - 285.7 267 328 320.3 321.2
Net income 1 123.7 151.1 - 174.7 173.9 219.2 217.3 218.4
Net Debt 1 214.5 325.2 - 97.02 76.31 60.3 -87.3 -142.7
Reference price 2 56.00 38.00 62.00 101.00 97.00 153.60 153.60 153.60
Nbr of stocks (in thousands) 16,143 16,123 15,953 15,827 15,787 15,661 - -
Announcement Date 9/21/21 9/20/22 1/23/24 1/6/25 1/21/26 - - -
1PLN in Million2PLN
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.43x1.84x14.56x0.48% 339B
24.74x9.98x17.69x0.35% 192B
18.41x1.79x9.08x1.09% 69.03B
17.61x0.45x8.16x1.82% 51.26B
34.77x6.07x20.67x1.19% 44.29B
39.9x24.48x30.32x1.12% 41.75B
13.15x0.58x7.05x3.67% 29.43B
13.27x0.7x10.4x5.07% 24.06B
28.66x2.96x19.08x2.57% 22.09B
Average 23.55x 5.43x 15.22x 1.93% 90.34B
Weighted average by Cap. 23.05x 5.02x 15.30x 0.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield