Company Valuation: ALTEN

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,375 3,966 4,648 2,751 2,527 2,442 - -
Change - -26.22% 17.2% -40.81% -8.16% -3.34% - -
Enterprise Value (EV) 1 5,155 3,786 4,607 2,742 2,359 2,069 1,906 1,705
Change - -26.56% 21.66% -40.48% -13.99% -12.26% -7.88% -10.56%
P/E 26.3x 8.84x 20x 14.9x 23.8x 11.2x 9.81x 9.21x
PBR 3.78x 2.17x 2.29x 1.24x 1.14x 1.04x 0.95x 0.87x
PEG - 0x -0.4x -0.7x -0.6x 0x 0.7x 1.43x
Capitalization / Revenue 1.84x 1.05x 1.14x 0.66x 0.62x 0.58x 0.56x 0.53x
EV / Revenue 1.76x 1x 1.13x 0.66x 0.58x 0.49x 0.43x 0.37x
EV / EBITDA 13.1x 8.04x 10.1x 6.12x 5.38x 4.39x 3.78x 3.13x
EV / EBIT 16.1x 9.71x 13.1x 7.7x 7.53x 5.43x 4.57x 3.78x
EV / FCF 32.6x 25.5x 31.4x 8.23x 9.83x 8.74x 8.1x 6.37x
FCF Yield 3.07% 3.93% 3.18% 12.2% 10.2% 11.4% 12.3% 15.7%
Dividend per Share 2 1 1.5 1.5 1.5 1.5 1.703 1.798 1.795
Rate of return 0.63% 1.28% 1.11% 1.9% 2.07% 2.42% 2.55% 2.55%
EPS 2 6.03 13.21 6.74 5.32 3.04 6.269 7.177 7.641
Distribution rate 16.6% 11.4% 22.3% 28.2% 49.3% 27.2% 25.1% 23.5%
Net sales 1 2,925 3,783 4,069 4,143 4,099 4,220 4,400 4,619
EBITDA 1 392.3 470.7 454.5 448.3 438 471.6 504.5 544.7
EBIT 1 319.9 389.9 350.5 356.3 313.3 381.1 416.8 451.5
Net income 1 207.8 457.6 233.2 186.4 106.9 236.4 248.5 260.7
Net Debt 1 -219.8 -179.7 -41.54 -8.97 -168.1 -372.8 -535.9 -737.2
Reference price 2 158.50 116.80 134.60 79.05 72.45 70.40 70.40 70.40
Nbr of stocks (in thousands) 33,913 33,956 34,533 34,801 34,874 34,690 - -
Announcement Date 2/22/22 2/24/23 2/22/24 2/20/25 2/24/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.79x3.72x13x2.92% 219B
-131.12x18.33x99.77x-.--% 118B
13.3x1.47x7.7x3.61% 110B
14.6x2.67x10.06x5.63% 86.08B
19.97x5.26x12.91x2.85% 60.36B
14.18x2.06x8.72x5.49% 46.22B
21.25x1.73x10.8x1.38% 42.47B
20.15x1.52x9.76x0.94% 39.39B
17.63x2.22x10.55x4.96% 36.45B
Average 1.42x 4.33x 20.36x 3.09% 84.16B
Weighted average by Cap. -4.76x 5.28x 24.77x 2.93%

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

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