Company Valuation: Atrion Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 1,373 1,394 1,175 1,269 991.7 666.6
Change - 1.52% -15.73% 8.06% -21.87% -32.78%
Enterprise Value (EV) 1 1,305 1,326 1,133 1,208 966.5 660.6
Change - 1.61% -14.52% 6.61% -20% -31.65%
P/E 40.2x 38.1x 36.8x 38.8x 28.6x 34.4x
PBR 6.52x 5.86x 4.88x 5.2x 4.11x 2.74x
PEG - 5.45x -3.2x 9.14x 3.77x -0.8x
Capitalization / Revenue 9.01x 8.99x 7.96x 7.69x 5.4x 3.94x
EV / Revenue 8.56x 8.55x 7.68x 7.32x 5.27x 3.9x
EV / EBITDA 25.7x 25.8x 23.9x 24.7x 18.1x 17.5x
EV / EBIT 31.3x 32.7x 31.8x 33.5x 24.4x 29.3x
EV / FCF 82.9x 156x 129x 71.2x -140x -54.4x
FCF Yield 1.21% 0.64% 0.78% 1.4% -0.71% -1.84%
Dividend per Share 2 5.1 5.8 6.6 7.4 8.2 8.7
Rate of return 0.69% 0.77% 1.03% 1.05% 1.47% 2.3%
EPS 2 18.44 19.73 17.44 18.18 19.56 11.02
Distribution rate 27.7% 29.4% 37.8% 40.7% 41.9% 78.9%
Net sales 1 152.4 155.1 147.6 165 183.5 169.3
EBITDA 1 50.83 51.38 47.32 48.93 53.5 37.68
EBIT 1 41.71 40.53 35.67 36.04 39.69 22.58
Net income 1 34.26 36.76 32.12 33.06 35.01 19.41
Net Debt 1 -68.44 -68.25 -41.44 -61.23 -25.21 -6.016
Reference price 2 741.08 751.50 642.24 704.90 559.45 378.79
Nbr of stocks (in thousands) 1,853 1,855 1,829 1,801 1,773 1,760
Announcement Date 2/26/19 3/2/20 3/1/21 2/25/22 2/27/23 2/29/24
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 809M
28.88x3.99x15.42x2.52% 176B
19.24x3.52x12.58x3.12% 116B
17.61x0.2x12.86x0.74% 61.36B
27.83x6.83x17.6x1.44% 49.42B
34.27x3.34x11.43x2.21% 48.44B
33.28x5.85x18.35x-.--% 31.33B
42x1.24x11.46x0.22% 28.56B
40.38x7.07x25.37x0.26% 24.37B
16.74x2.67x9.46x1.65% 21.57B
Average 28.91x 3.86x 14.95x 1.35% 55.86B
Weighted average by Cap. 26.96x 3.72x 14.56x 1.93%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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