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 2,588 - -
Change - -26.22% 17.2% -40.81% -8.16% 2.42% - -
Enterprise Value (EV) 1 5,155 3,786 4,607 2,742 2,359 2,215 2,052 1,851
Change - -26.56% 21.66% -40.48% -13.99% -6.08% -7.36% -9.81%
P/E 26.3x 8.84x 20x 14.9x 23.8x 12.2x 10.6x 9.99x
PBR 3.78x 2.17x 2.29x 1.24x 1.14x 1.12x 1.03x 0.94x
PEG - 0x -0.4x -0.7x -0.6x 0x 0.7x 1.55x
Capitalization / Revenue 1.84x 1.05x 1.14x 0.66x 0.62x 0.61x 0.59x 0.56x
EV / Revenue 1.76x 1x 1.13x 0.66x 0.58x 0.52x 0.47x 0.4x
EV / EBITDA 13.1x 8.04x 10.1x 6.12x 5.38x 4.7x 4.07x 3.4x
EV / EBIT 16.1x 9.71x 13.1x 7.7x 7.53x 5.81x 4.92x 4.1x
EV / FCF 32.6x 25.5x 31.4x 8.23x 9.83x 9.36x 8.72x 6.91x
FCF Yield 3.07% 3.93% 3.18% 12.2% 10.2% 10.7% 11.5% 14.5%
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% 2.23% 2.36% 2.35%
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 76.30 76.30 76.30
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.($)
12.17x0.54x4.82x2.23% 3.07B
22.72x3.71x12.97x2.92% 218B
13.97x1.54x8.09x3.43% 115B
-111.87x17.78x102.83x-.--% 111B
15.33x2.81x10.59x5.36% 90.31B
20.61x5.4x13.26x2.76% 62.19B
15.15x2.21x9.38x5.14% 49.33B
22.27x1.83x11.26x1.36% 42.77B
21.73x1.65x10.48x0.85% 41.47B
18.65x2.39x11.23x4.68% 38.53B
Average 5.07x 3.99x 19.49x 2.87% 77.16B
Weighted average by Cap. 0.24x 5.05x 24.32x 2.88%

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