Company Valuation: Carmila

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 1,675 2,016 1,917 2,215 2,250 2,078 2,078 -
Change - 20.37% -4.91% 15.58% 1.58% -7.64% 0% -
Enterprise Value (EV) 1 4,010 4,391 4,170 4,410 4,853 4,989 4,646 4,779
Change - 9.49% -5.02% 5.75% 10.03% 2.81% 0.11% 2.86%
P/E -8.28x 10.4x 8.78x 779x 7.25x 12.9x 6.86x 7.55x
PBR 0.51x 0.6x - - - 0.7x 0.54x 0.52x
PEG - -0x 0.6x -7.9x 0x -0.3x 0.76x -0.83x
Capitalization / Revenue 4.79x 5.73x 5.37x 6.01x 5.57x 5.51x 4.69x 4.54x
EV / Revenue 11.5x 12.5x 11.7x 12x 12x 11.5x 10.5x 10.4x
EV / EBITDA 18.2x 18.4x 14.5x 15.1x 15.5x 14.5x 13.2x 13.1x
EV / EBIT 19x 18.5x 14x 51.8x 11.6x 15.8x 13.2x 13.2x
EV / FCF 24x 22.7x - 21x 72.4x 16.9x 18.7x 17.6x
FCF Yield 4.17% 4.4% - 4.76% 1.38% 5.93% 5.36% 5.67%
Dividend per Share 2 1 1 1.17 1.2 1.25 1.347 1.4 1.452
Rate of return 8.49% 7.22% 8.77% 7.7% 7.8% 8.98% 9.33% 9.68%
EPS 2 -1.423 1.33 1.52 0.02 2.21 1.32 2.187 1.987
Distribution rate -70.3% 75.2% 77% 6,000% 56.6% 67.2% 64% 73.1%
Net sales 1 349.7 351.8 357 368.6 404.1 434.4 443.4 458.2
EBITDA 1 220.2 238.8 287.2 292.4 313.8 344.5 351.1 365.2
EBIT 1 211.5 237.5 297.8 85.1 420 314.8 351.3 360.9
Net income 1 -198.8 192.1 219.3 2.778 313.8 185.5 325.2 293.1
Net Debt 1 2,335 2,375 2,254 2,195 2,602 2,594 2,568 2,701
Reference price 2 11.78 13.86 13.34 15.58 16.02 15.00 15.00 15.00
Nbr of stocks (in thousands) 142,170 145,445 143,697 142,202 140,476 138,562 138,562 -
Announcement Date 2/17/21 2/16/22 2/15/23 3/18/24 2/11/25 2/18/26 - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.48x10.5x13.32x8.98% 2.38B
32.25x14.06x17.87x4.39% 66.32B
26.83x10.63x14.42x4.77% 15.12B
29.37x11.17x16.23x4.16% 13.32B
15.02x10.93x15.88x6.68% 12.39B
24.16x9.65x14.35x4.42% 8.62B
35.61x14.71x17.77x4.72% 8.4B
20.2x13.29x14.58x5.86% 7.99B
14.38x14.5x15.74x5.9% 7.57B
10.19x7.85x10.55x8.87% 6.53B
Average 21.55x 11.73x 15.07x 5.88% 14.87B
Weighted average by Cap. 26.80x 12.62x 16.32x 5.05%

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

-40%: Exceptional extension
d
:
:
SEIZE THE OFFER!