Company Valuation: Atlantia

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 12,037 14,293 18,784 18,784 18,784 18,784
Change - 18.74% 31.42% 0% 0% 0%
Enterprise Value (EV) 1 56,759 45,143 40,223 52,690 49,923 51,565
Change - -20.47% -10.9% 30.99% -5.25% 3.29%
P/E -10.2x 23x 3.25x 88.7x -46x 33.4x
PBR 1.95x 1.76x 1.36x 2.66x 3.54x 5.26x
PEG - -0x 0x -0.9x 0x -0x
Capitalization / Revenue 1.34x 2.27x 2.26x 1.93x 1.84x 1.76x
EV / Revenue 6.33x 7.17x 4.85x 5.43x 4.88x 4.82x
EV / EBITDA 15.1x 11.5x 8.46x 9.64x 8.84x 8.78x
EV / EBIT 255x 60x 19.8x 20.1x 19x 18.9x
EV / FCF 25.6x -7.49x 6.86x -30x 13.7x 23.6x
FCF Yield 3.9% -13.3% 14.6% -3.34% 7.28% 4.24%
Dividend per Share 2 - 0.74 0.74 1.57 1.88 1.88
Rate of return - 4.24% 3.23% 6.84% 8.2% 8.2%
EPS 2 -1.439 0.76 7.069 0.2586 -0.4985 0.6862
Distribution rate - 97.4% 10.5% 607% -377% 274%
Net sales 1 8,971 6,295 8,301 9,709 10,227 10,699
EBITDA 1 3,755 3,910 4,757 5,463 5,645 5,871
EBIT 1 223 753 2,035 2,621 2,633 2,730
Net income 1 -1,177 626 5,791 124 -239 329
Net Debt 1 44,722 30,850 21,439 33,906 31,139 32,781
Reference price 2 14.72 17.46 22.94 22.94 22.94 22.94
Nbr of stocks (in thousands) 818,011 818,824 818,824 818,824 818,824 818,824
Announcement Date 4/2/21 4/29/22 4/6/23 4/30/24 4/29/25 3/30/26
1EUR in Million2EUR
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
78.5x15.42x24.29x5.41% 29.49B
26.84x14.73x21.63x3.75% 10.92B
13.3x5.98x8.28x4.3% 9.84B
9.54x4.43x10.46x5.63% 8.76B
16.12x - - 4.23% 7.18B
12.09x4.2x6.31x3.35% 6.49B
12.88x3.84x6.5x2.88% 6.34B
5.45x2.87x4.73x7.36% 4.68B
21.24x52.57x436.75x9.01% 4.59B
Average 21.77x 13.00x 64.87x 5.1% 9.81B
Weighted average by Cap. 36.49x 12.57x 39.88x 4.96%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


-40%: Exceptional extension
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