Company Valuation: BayWa AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 1,169 1,387 1,561 1,132 400.1 263 263 -
Change - 18.63% 12.51% -27.45% -64.66% -34.27% 0% -
Enterprise Value (EV) 1 4,332 4,066 6,618 6,323 4,750 4,157 2,939 2,680
Change - -6.14% 62.75% -4.45% -24.87% -12.49% -29.3% -8.81%
P/E 53.2x 30.1x 13.9x -13.8x -0.74x -0.97x -2.4x -4.69x
PBR 1.33x 1.66x 2.16x 1.61x -3.26x -0.53x -2.83x -7.46x
PEG - 0x 0x 0x -0x 0x 0x 0.1x
Capitalization / Revenue 0.07x 0.07x 0.06x 0.05x 0.02x 0.02x 0.03x 0.03x
EV / Revenue 0.25x 0.2x 0.24x 0.26x 0.22x 0.35x 0.29x 0.26x
EV / EBITDA 9.25x 7.36x 7.98x 11.1x -29.2x 42.7x 21.3x 12.7x
EV / EBIT 20.1x 15.3x 13.1x 20.8x -4.38x -8.12x -47.2x 271x
EV / FCF 10.8x -4.94x -10.5x 82.9x 8.06x 1,540x 5.54x 3.68x
FCF Yield 9.23% -20.2% -9.53% 1.21% 12.4% 0.06% 18% 27.2%
Dividend per Share 2 1 1.05 1.1 - - - - -
Rate of return 2.76% 2.14% 1.82% - - - - -
EPS 2 0.68 1.63 4.36 -2.84 -32.15 -9.37 -3.79 -1.94
Distribution rate 147% 64.4% 25.2% - - - - -
Net sales 1 17,155 19,839 27,062 23,948 21,153 11,828 10,062 10,172
EBITDA 1 468.4 552.8 828.8 571.8 -162.5 97.3 137.7 211.6
EBIT 1 215.2 266.6 504.1 304 -1,085 -512.1 -62.3 9.9
Net income 1 36.6 70.7 168.1 -98.1 -1,155 -939.8 -380.5 -194.9
Net Debt 1 3,163 2,679 5,057 5,191 4,350 3,894 2,676 2,417
Reference price 2 36.200 49.000 60.600 39.200 23.800 9.100 9.100 9.100
Nbr of stocks (in thousands) 35,260 35,645 35,625 35,860 36,132 100,331 100,331 -
Announcement Date 3/25/21 3/23/22 3/30/23 3/28/24 7/10/25 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-0.97x0.35x42.84x-.--% 314M
13.18x0.27x7.12x1.11% 2.43B
91.17x - - - 1.09B
-136.13x0.26x7.93x4.13% 1.04B
11.07x0.43x6.23x5.71% 964M
Average -4.34x 0.33x 16.03x 2.74% 1.17B
Weighted average by Cap. 0.08x 0.31x 9.48x 2.63%

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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