Company Valuation: Azelis Group N.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,899 6,202 5,184 4,440 2,276 2,577 - -
Change - 5.13% -16.41% -14.36% -48.73% 13.2% - -
Enterprise Value (EV) 1 6,770 7,369 6,475 5,980 3,887 4,034 3,930 3,816
Change - 8.85% -12.13% -7.65% -35% 3.78% -2.58% -2.89%
P/E 87x 29.1x 30x 25.7x 20.3x 16.9x 14.6x 13.4x
PBR 2.65x 2.6x 2.06x 1.61x 0.84x 0.92x 0.89x 0.85x
PEG - 0x -1.6x - -0.5x 0.5x 0.9x 1.58x
Capitalization / Revenue 2.08x 1.5x 1.24x 1.05x 0.55x 0.62x 0.6x 0.57x
EV / Revenue 2.39x 1.79x 1.55x 1.42x 0.95x 0.97x 0.91x 0.84x
EV / EBITDA 23.5x 15.2x 12.9x 11.7x 7.9x 8.71x 8.12x 7.51x
EV / EBIT 32.6x 19x 16.7x 15.5x 12.4x 12x 10.8x 9.89x
EV / FCF 94.5x 21x 12.7x 17.5x 8.79x 16.1x 16.9x 14.2x
FCF Yield 1.06% 4.75% 7.87% 5.72% 11.4% 6.22% 5.93% 7.02%
Dividend per Share 2 0.03 0.29 0.22 0.23 0.226 0.2303 0.255 0.2864
Rate of return 0.12% 1.09% 0.99% 1.21% 2.42% 2.18% 2.41% 2.7%
EPS 2 0.29 0.91 0.74 0.74 0.46 0.6258 0.726 0.7874
Distribution rate 10.3% 31.9% 29.7% 31.1% 49.1% 36.8% 35.1% 36.4%
Net sales 1 2,836 4,125 4,176 4,214 4,111 4,164 4,326 4,530
EBITDA 1 287.8 484.7 500.6 512.2 492 463.2 484.1 507.9
EBIT 1 207.8 388.4 386.9 385.9 313.3 336.7 363 385.8
Net income 1 67.76 213.2 177.7 180.7 111.2 157.4 182.1 198.1
Net Debt 1 871.1 1,168 1,291 1,540 1,611 1,457 1,353 1,239
Reference price 2 25.22 26.52 22.18 19.00 9.35 10.59 10.59 10.59
Nbr of stocks (in thousands) 233,846 233,846 233,723 233,670 243,450 243,316 - -
Announcement Date 3/15/22 3/2/23 3/7/24 2/20/25 2/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.13x1.07x15.31x2.77% 100B
13.61x1.09x13.83x2.34% 81.81B
13.58x1.21x18.9x2.94% 81.28B
13.42x1.18x18.15x2.4% 50.03B
63.83x3.86x23.87x0.04% 44.7B
11.19x1.36x14.08x2.62% 44.26B
21.65x1.18x10.88x0.9% 34.31B
13.75x0.57x8.78x2.14% 35.05B
19.42x0.91x9.48x2.78% 11.76B
Average 20.84x 1.38x 14.81x 2.1% 53.71B
Weighted average by Cap. 19.46x 1.36x 15.70x 2.24%

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 Azelis Group N.V.