Company Valuation: Basler AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,583 881.6 357.7 188.1 470.4 713.6 - -
Change - -44.32% -59.43% -47.4% 150.04% 51.68% - -
Enterprise Value (EV) 1 1,577 921.1 409.2 238.9 490.8 729.6 701.1 674.6
Change - -41.6% -55.58% -41.61% 105.42% 48.66% -3.91% -3.78%
P/E 76.3x 41.6x -25.9x -13.6x 40.3x 23.7x 19.9x 18.1x
PBR 12.3x 6.23x 2.57x 1.51x 3.54x 4.41x 3.73x 3.22x
PEG - 17.3x 0x - -0x 0x 1.1x 1.8x
Capitalization / Revenue 7.37x 3.24x 1.76x 1.02x 2.1x 2.47x 2.24x 2.08x
EV / Revenue 7.35x 3.38x 2.01x 1.3x 2.19x 2.52x 2.2x 1.97x
EV / EBITDA 35.4x 20.1x 241x 23.9x 14.1x 12.4x 10.2x 9.13x
EV / EBIT 55.6x 31.9x -18.7x -24.4x 27.7x 17x 13.9x 12.2x
EV / FCF 164x -29x -44.5x 171x 24.7x 32.1x 18.6x 18.3x
FCF Yield 0.61% -3.45% -2.25% 0.59% 4.05% 3.11% 5.37% 5.45%
Dividend per Share 2 0.2067 0.14 - - 0.11 0.2567 0.2933 0.3267
Rate of return 0.39% 0.47% - - 0.72% 1.11% 1.26% 1.41%
EPS 2 0.6933 0.71 -0.45 -0.45 0.38 0.98 1.163 1.283
Distribution rate 29.8% 19.7% - - 28.9% 26.2% 25.2% 25.5%
Net sales 1 214.7 272.2 203.1 183.7 224.5 289 318 343.3
EBITDA 1 44.5 45.8 1.7 10 34.9 58.9 68.47 73.9
EBIT 1 28.36 28.9 -21.9 -9.784 17.69 42.9 50.47 55.23
Net income 1 20.76 21.4 -13.81 -13.77 11.63 30.17 35.93 39.27
Net Debt 1 -6.249 39.52 51.49 50.76 20.33 16 -12.5 -38.97
Reference price 2 52.93 29.55 11.64 6.12 15.30 23.20 23.20 23.20
Nbr of stocks (in thousands) 29,914 29,834 30,728 30,743 30,748 30,758 - -
Announcement Date 4/3/22 3/29/23 3/27/24 3/28/25 3/30/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.8x2.64x12.96x1.06% 867M
30.04x7.1x22.48x-.--% 28.02B
19.71x1.83x10.56x1.71% 7.46B
269.73x - - - 3.44B
41.85x2.62x16.07x1.54% 2.96B
16.64x1.92x10.18x1.83% 2.17B
38.44x9.06x35.72x1.16% 1.74B
41.32x7.47x30.27x0.22% 1.37B
14.09x - - - 863M
Average 55.18x 4.66x 19.75x 1.07% 5.43B
Weighted average by Cap. 45.71x 5.67x 20.03x 0.55%

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