Company Valuation: Atenor

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 382 325.5 52.91 147.6 146.9 61.28 - -
Change - -14.79% -83.75% 179.06% -0.48% -58.29% - -
Enterprise Value (EV) 1 1,124 325.5 860 812.3 668.4 651.8 681.8 693
Change - -71.04% 164.19% -5.54% -17.72% -2.48% 4.61% 1.63%
P/E 10x -372x -0.7x -3.78x -1.01x -4.55x 2.25x 2.09x
PBR 1.28x 1.2x 0.94x 0.51x 0.67x 0.26x 0.26x 0.26x
PEG - 4x -0x 0x -0x 0.1x -0x 0.28x
Capitalization / Revenue 2.19x 7.94x 0.59x 0.46x 1x 0.32x 0.3x 0.32x
EV / Revenue 6.46x 7.94x 9.61x 2.53x 4.55x 3.44x 3.35x 3.66x
EV / EBITDA 17.3x - - 24x -11.2x 46.8x 12x 13.2x
EV / EBIT 17.5x 16.7x -13.4x -215x -11x 85.8x 11.3x 9.79x
EV / FCF -5.2x - -8.56x 5.02x - 18x 24.2x 6.7x
FCF Yield -19.2% - -11.7% 19.9% - 5.57% 4.14% 14.9%
Dividend per Share 2 2.54 2.67 - - - - - -
Rate of return 4.47% 5.52% - - - - - -
EPS 2 5.66 -0.13 -10.6 -0.9 -2.4 -0.2219 0.449 0.4826
Distribution rate 44.9% -2,054% - - - - - -
Net sales 1 174.1 41.01 89.47 321.3 147 189.7 203.7 189.2
EBITDA 1 64.95 - - 33.91 -59.71 13.94 57.03 52.68
EBIT 1 64.16 19.46 -64.13 -3.774 -61.02 7.6 60.35 70.8
Net income 1 38.07 -0.843 -107.1 -39.4 -138.7 -13.48 27.34 29.45
Net Debt 1 742.1 - 807 664.6 521.4 590.5 620.6 631.7
Reference price 2 56.800 48.400 7.440 3.400 2.420 1.010 1.010 1.010
Nbr of stocks (in thousands) 6,725 6,725 7,112 43,426 60,716 60,676 - -
Announcement Date 3/10/22 3/10/23 3/2/24 2/28/25 3/5/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.04x4.55x12.24x3.61% 39.96B
5.84x0.8x1.69x8.47% 28.4B
18.17x3.99x16.04x1.35% 28.4B
7.75x1.41x7.76x4.56% 25.9B
13.91x3.09x14.8x2.51% 26B
8.18x0.91x3.3x2.73% 20.93B
10.25x2.01x8.28x4.1% 20.6B
13.28x6.44x16.95x1.64% 19.28B
37.17x13.66x34.38x3.19% 17.94B
Average 14.29x 4.10x 12.83x 3.57% 25.27B
Weighted average by Cap. 13.68x 3.80x 12.15x 3.68%

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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