Company Valuation: Befesa S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,696 1,802 1,408 830.4 1,180 1,408 - -
Change - -33.15% -21.88% -41.02% 42.1% 19.32% - -
Enterprise Value (EV) 1 3,167 2,351 2,012 1,449 1,732 1,870 1,795 1,720
Change - -25.74% -14.43% -27.96% 19.51% 7.96% -4.03% -4.14%
P/E 25.1x 16.9x 24.3x 16.3x 14.7x 13.5x 12.6x 11.7x
PBR 4.33x 2.24x 1.71x 1x 1.47x 1.63x 1.52x 1.42x
PEG - -22.65x -0.5x -1.3x 0.3x 0.4x 1.95x 1.47x
Capitalization / Revenue 3.28x 1.59x 1.19x 0.67x 1x 1.11x 1.06x 1.04x
EV / Revenue 3.85x 2.07x 1.7x 1.17x 1.46x 1.48x 1.35x 1.27x
EV / EBITDA 16x 11x 11.1x 6.79x 7.24x 7x 6.54x 5.96x
EV / EBIT 24.8x 14.3x 18.9x 12.8x 12.2x 10.4x 9.81x 8.82x
EV / FCF 74.7x 70.9x 161x 13.6x 12.6x 12.6x 11.6x 10.6x
FCF Yield 1.34% 1.41% 0.62% 7.36% 7.91% 7.96% 8.63% 9.45%
Dividend per Share 2 1.17 1.25 0.73 0.64 1 1.171 1.304 1.42
Rate of return 1.74% 2.77% 2.07% 3.08% 3.39% 3.33% 3.7% 4.03%
EPS 2 2.68 2.66 1.45 1.27 2.01 2.615 2.784 3.006
Distribution rate 43.7% 47% 50.3% 50.4% 49.8% 44.8% 46.8% 47.3%
Net sales 1 821.6 1,136 1,181 1,239 1,183 1,266 1,326 1,355
EBITDA 1 197.6 214.6 182 213.4 239.4 267 274.5 288.5
EBIT 1 127.5 164.8 106.6 112.9 142.5 179.8 182.9 194.9
Net income 1 99.7 106.2 58 50.8 80.5 105.6 112.4 121.3
Net Debt 1 470.6 549 604 619 552.2 462 386.7 312.4
Reference price 2 67.40 45.06 35.20 20.76 29.50 35.20 35.20 35.20
Nbr of stocks (in thousands) 40,000 40,000 40,000 40,000 40,000 40,000 - -
Announcement Date 2/24/22 3/2/23 2/29/24 2/27/25 2/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.46x1.48x7x3.33% 1.64B
36.55x5.11x15.38x0.83% 42.43B
-69.04x3.95x12.95x0.14% 14.89B
1550.83x3.44x15.07x-.--% 5.92B
28.89x1.74x8.43x2.81% 4.15B
26.49x3.88x11.33x1.76% 3.78B
18.54x - - - 3.7B
10.46x - - 4.19% 3.59B
13.2x - - - 3.05B
Average 181.04x 3.27x 11.70x 1.86% 9.24B
Weighted average by Cap. 121.39x 4.40x 14.06x 1%

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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