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 2,768 - -
Change - -26.22% 17.2% -40.81% -8.16% 9.56% - -
Enterprise Value (EV) 1 5,155 3,786 4,607 2,742 2,359 2,377 2,231 2,036
Change - -26.56% 21.66% -40.48% -13.99% 0.78% -6.15% -8.73%
P/E 26.3x 8.84x 20x 14.9x 23.8x 13x 11.4x 10.7x
PBR 3.78x 2.17x 2.29x 1.24x 1.14x 1.18x 1.08x 0.99x
PEG - 0x -0.4x -0.7x -0.6x 0x 0.8x 1.76x
Capitalization / Revenue 1.84x 1.05x 1.14x 0.66x 0.62x 0.66x 0.63x 0.6x
EV / Revenue 1.76x 1x 1.13x 0.66x 0.58x 0.56x 0.51x 0.44x
EV / EBITDA 13.1x 8.04x 10.1x 6.12x 5.38x 5.09x 4.45x 3.76x
EV / EBIT 16.1x 9.71x 13.1x 7.7x 7.53x 6.32x 5.44x 4.59x
EV / FCF 32.6x 25.5x 31.4x 8.23x 9.83x 10.2x 9.66x 7.64x
FCF Yield 3.07% 3.93% 3.18% 12.2% 10.2% 9.79% 10.4% 13.1%
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% 2.13% 2.25% 2.25%
EPS 2 6.03 13.21 6.74 5.32 3.04 6.139 7.023 7.451
Distribution rate 16.6% 11.4% 22.3% 28.2% 49.3% 27.7% 25.6% 24.1%
Net sales 1 2,925 3,783 4,069 4,143 4,099 4,210 4,389 4,602
EBITDA 1 392.3 470.7 454.5 448.3 438 466.6 501.7 541.7
EBIT 1 319.9 389.9 350.5 356.3 313.3 376.1 410.4 443.4
Net income 1 207.8 457.6 233.2 186.4 106.9 232.9 247 259.3
Net Debt 1 -219.8 -179.7 -41.54 -8.97 -168.1 -391.3 -537.4 -732.3
Reference price 2 158.50 116.80 134.60 79.05 72.45 79.80 79.80 79.80
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.($)
22.58x3.66x12.74x2.97% 214B
12.19x1.35x7.06x3.94% 101B
-94.69x14.98x86.7x-.--% 93.71B
15.55x2.84x10.74x5.29% 90.82B
22.25x5.73x14.09x2.58% 65.81B
14.48x2.11x8.93x5.39% 46.87B
21.14x1.71x10.78x1.4% 39.21B
17.96x2.28x10.94x4.84% 37.35B
20.7x1.53x9.73x0.95% 36.38B
Average 5.80x 4.02x 19.08x 3.04% 80.59B
Weighted average by Cap. 4.14x 4.50x 20.78x 3.04%

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