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 2,845 - -
Change - -26.22% 17.2% -40.81% -8.16% 12.59% - -
Enterprise Value (EV) 1 5,155 3,786 4,607 2,742 2,359 2,489 2,275 2,062
Change - -26.56% 21.66% -40.48% -13.99% 5.54% -8.61% -9.38%
P/E 26.3x 8.84x 20x 14.9x 23.8x 11.8x 10.7x 10.2x
PBR 3.78x 2.17x 2.29x 1.24x 1.14x 1.2x 1.08x 0.99x
PEG - 0x -0.4x -0.7x -0.6x 0x 1.07x 1.98x
Capitalization / Revenue 1.84x 1.05x 1.14x 0.66x 0.62x 0.67x 0.64x 0.61x
EV / Revenue 1.76x 1x 1.13x 0.66x 0.58x 0.59x 0.52x 0.44x
EV / EBITDA 13.1x 8.04x 10.1x 6.12x 5.38x 5.41x 4.58x 3.94x
EV / EBIT 16.1x 9.71x 13.1x 7.7x 7.53x 6.36x 5.37x 4.56x
EV / FCF 32.6x 25.5x 31.4x 8.23x 9.83x 10.9x 9.2x 7.58x
FCF Yield 3.07% 3.93% 3.18% 12.2% 10.2% 9.2% 10.9% 13.2%
Dividend per Share 2 1 1.5 1.5 1.5 1.5 1.612 1.751 1.795
Rate of return 0.63% 1.28% 1.11% 1.9% 2.07% 1.97% 2.13% 2.19%
EPS 2 6.03 13.21 6.74 5.32 3.04 6.954 7.647 8.04
Distribution rate 16.6% 11.4% 22.3% 28.2% 49.3% 23.2% 22.9% 22.3%
Net sales 1 2,925 3,783 4,069 4,143 4,099 4,216 4,415 4,634
EBITDA 1 392.3 470.7 454.5 448.3 438 460.3 496.2 522.8
EBIT 1 319.9 389.9 350.5 356.3 313.3 391.3 423.8 451.7
Net income 1 207.8 457.6 233.2 186.4 106.9 243.1 261.8 274.6
Net Debt 1 -219.8 -179.7 -41.54 -8.97 -168.1 -355.4 -569.7 -783
Reference price 2 158.50 116.80 134.60 79.05 72.45 82.00 82.00 82.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.68x0.58x5.35x1.99% 3.19B
21.6x3.56x12.43x3.08% 207B
21.58x4.56x11.19x0.77% 185B
-607.69x43.23x177.59x-.--% 125B
-129.95x18.06x99.96x-.--% 116B
13.16x1.47x7.72x3.65% 108B
13.16x2.39x9.01x6.24% 76.63B
19.26x5.15x12.66x2.91% 57.36B
-16.8x7.28x12.38x-.--% 47.39B
22.08x1.83x11.56x1.41% 43.4B
Average -63.19x 8.81x 35.98x 2% 97.09B
Weighted average by Cap. -81.51x 10.48x 43.18x 1.95%

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