Company Valuation: Alstom

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 7,942 9,542 5,430 9,406 11,209 7,051 - -
Change - 20.14% -43.09% 73.21% 19.17% -37.1% - -
Enterprise Value (EV) 1 10,027 11,677 8,424 9,928 12,467 8,323 7,910 7,632
Change - 16.45% -27.86% 17.85% 25.58% -33.24% -4.96% -3.52%
P/E -13.6x -71.7x -17.4x 65.7x 40.4x 13.7x 9.89x 8.21x
PBR 0.89x 1.05x 0.63x 0.9x - 0.63x 0.58x 0.55x
PEG - 0.9x -0x -0x 0.4x 0.2x 0.3x 0.4x
Capitalization / Revenue 0.51x 0.58x 0.31x 0.51x 0.58x 0.35x 0.33x 0.31x
EV / Revenue 0.65x 0.71x 0.48x 0.54x 0.65x 0.41x 0.37x 0.34x
EV / EBITDA 6.1x 6.72x 4.6x 4.84x 6.29x 4.73x 3.91x 3.52x
EV / EBIT 13.1x 13.7x 8.45x 8.43x 10.7x 6.43x 5.28x 4.61x
EV / FCF -10.1x 58.7x -14.9x 20.3x 38.5x 29.8x 316x -173x
FCF Yield -9.89% 1.7% -6.73% 4.94% 2.6% 3.35% 0.32% -0.58%
Dividend per Share 2 0.25 0.25 - - - 0.2329 0.3639 0.4938
Rate of return 1.18% 1% - - - 1.53% 2.38% 3.24%
EPS 2 -1.56 -0.35 -0.81 0.31 0.6 1.111 1.543 1.858
Distribution rate -16% -71.4% - - - 21% 23.6% 26.6%
Net sales 1 15,471 16,507 17,619 18,489 19,171 20,282 21,298 22,437
EBITDA 1 1,643 1,738 1,833 2,051 1,981 1,759 2,023 2,171
EBIT 1 767 852 997 1,177 1,168 1,295 1,499 1,656
Net income 1 -581 -132 -309 149 324 529.1 752.3 866.9
Net Debt 1 2,085 2,135 2,994 522 1,258 1,272 859.6 581.5
Reference price 2 21.27 25.08 14.13 20.38 24.26 15.26 15.26 15.26
Nbr of stocks (in thousands) 373,392 380,453 384,291 461,511 462,030 462,030 - -
Announcement Date 5/11/22 5/10/23 5/8/24 5/14/25 5/13/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.75x2x16.42x2.55% 65.4B
13.71x1.11x11.51x4.32% 36.69B
15.49x1.51x8.62x3% 35.17B
30.88x4.51x17.88x1.61% 30.23B
13.4x1.51x10.4x1.96% 18.75B
23.41x2.17x11.84x2.05% 18.86B
13.37x - - 0.73% 15.88B
21.28x2.39x12.82x2.83% 14.31B
26.43x0.84x16.05x2.5% 12.92B
Average 19.97x 2.01x 13.19x 2.39% 27.58B
Weighted average by Cap. 19.96x 2.05x 13.55x 2.58%

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