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 62.19 - -
Change - -14.79% -83.75% 179.06% -0.48% -57.67% - -
Enterprise Value (EV) 1 1,124 325.5 860 812.3 668.4 652.7 682.8 693.9
Change - -71.04% 164.19% -5.54% -17.72% -2.34% 4.6% 1.63%
P/E 10x -372x -0.7x -3.78x -1.01x -4.62x 2.28x 2.12x
PBR 1.28x 1.2x 0.94x 0.51x 0.67x 0.26x 0.27x 0.27x
PEG - 4x -0x 0x -0x 0.1x -0x 0.28x
Capitalization / Revenue 2.19x 7.94x 0.59x 0.46x 1x 0.33x 0.31x 0.33x
EV / Revenue 6.46x 7.94x 9.61x 2.53x 4.55x 3.44x 3.35x 3.67x
EV / EBITDA 17.3x - - 24x -11.2x 46.8x 12x 13.2x
EV / EBIT 17.5x 16.7x -13.4x -215x -11x 85.9x 11.3x 9.8x
EV / FCF -5.2x - -8.56x 5.02x - 18x 24.2x 6.7x
FCF Yield -19.2% - -11.7% 19.9% - 5.56% 4.13% 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 1.025 1.025 1.025
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-4.48x3.43x46.69x-.--% 69.02M
14.23x4.6x12.38x3.56% 40.53B
5.75x0.77x1.62x8.61% 27.96B
17.85x3.95x15.88x1.37% 27.62B
7.92x1.42x7.85x4.46% 26.47B
13.72x3.07x14.71x2.55% 25.39B
8.17x0.91x3.3x2.73% 20.9B
10.31x2.02x8.33x4.07% 20.72B
13.01x6.39x16.79x1.67% 18.7B
37.97x13.91x35.01x3.13% 18.33B
Average 12.45x 4.05x 16.26x 3.22% 22.67B
Weighted average by Cap. 13.73x 3.83x 12.21x 3.69%

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