Company Valuation: AmRest Holdings SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,074 4,288 5,810 4,035 2,880 2,174 - -
Change - -29.41% 35.51% -30.56% -28.62% -24.53% - -
Enterprise Value (EV) 1 12,115 10,422 11,351 10,057 9,107 8,529 8,451 7,618
Change - -13.98% 8.92% -11.4% -9.45% -6.35% -0.91% -9.85%
P/E 39.4x 415x - 112x 45.4x 118x 23.6x 13.9x
PBR - - 3.49x 2.6x 1.83x 1.44x 1.44x 0.96x
PEG - -4.4x - - 0.6x -1.7x 0x 0.2x
Capitalization / Revenue 0.68x 0.38x 0.55x 0.38x 0.27x 0.2x 0.19x 0.18x
EV / Revenue 1.35x 0.91x 1.08x 0.95x 0.84x 0.78x 0.74x 0.64x
EV / EBITDA 7.08x 5.68x 6.81x 5.53x 5.18x 5.05x 4.75x 4.07x
EV / EBIT 25.1x 29.7x 25.4x 20.5x 18.6x 21.8x 19.5x 16x
EV / FCF 9.64x 9.86x 15.2x 12.5x 9.91x 13.8x 14.7x 13x
FCF Yield 10.4% 10.1% 6.6% 7.97% 10.1% 7.26% 6.81% 7.71%
Dividend per Share 2 - - - - 0.2952 - - -
Rate of return - - - - 2.2% - - -
EPS 2 0.7031 0.0471 - 0.1664 0.2952 0.086 0.431 0.733
Distribution rate - - - - 100% - - -
Net sales 1 8,986 11,404 10,498 10,634 10,789 10,865 11,344 11,850
EBITDA 1 1,710 1,835 1,667 1,818 1,759 1,688 1,779 1,872
EBIT 1 483.3 351.2 446.9 491.7 488.4 391.5 433.8 476.8
Net income 1 154.4 6.423 193.9 35.36 67.9 20 52.16 85.61
Net Debt 1 6,041 6,134 5,541 6,022 6,227 6,355 6,278 5,445
Reference price 2 27.72 19.56 26.60 18.60 13.40 10.16 10.16 10.16
Nbr of stocks (in thousands) 219,110 219,202 218,422 216,921 214,938 213,931 - -
Announcement Date 2/28/22 2/28/23 2/28/24 2/27/25 2/25/26 - - -
1PLN in Million2PLN
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
45.7x3.63x23.64x2.41% 119B
23.25x1.18x11.6x2.4% 52.3B
19.26x1.95x11.77x2.99% 24.62B
33.67x1.46x12.28x0.71% 11.99B
13.26x1.63x8.01x2.09% 9.98B
32.87x0.49x9.18x2.84% 9.84B
41.94x2.9x16.03x0.35% 8.77B
13.11x1.07x6.51x6.87% 8.22B
15.76x2.78x10.9x2.95% 7.58B
Average 26.53x 1.90x 12.21x 2.62% 28.04B
Weighted average by Cap. 34.02x 2.52x 17.06x 2.48%

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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  5. Valuation AmRest Holdings SE