Company Valuation: Clariant AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,262 4,822 4,086 3,318 2,351 3,447 - -
Change - -23% -15.25% -18.8% -29.16% 46.63% - -
Enterprise Value (EV) 1 7,797 5,572 4,841 4,807 3,764 4,672 4,532 4,433
Change - -28.54% -13.11% -0.71% -21.71% 24.14% -3% -2.18%
P/E 18.3x 56.3x 30.3x 13.6x -31.1x 16.8x 13.7x 12.7x
PBR 2.65x 2.06x 2.03x 1.42x 1.16x 1.62x 1.55x 1.51x
PEG - -0.8x 0.5x 0.2x 0x -0x 0.6x 1.66x
Capitalization / Revenue 1.43x 0.93x 0.93x 0.8x 0.6x 0.9x 0.87x 0.84x
EV / Revenue 1.78x 1.07x 1.11x 1.16x 0.96x 1.22x 1.15x 1.09x
EV / EBITDA 10.3x 6.24x 7.55x 7.25x 5.4x 6.95x 6.29x 5.82x
EV / EBIT 15.8x 9.03x 12x 11.6x 8.46x 11x 9.49x 8.68x
EV / FCF 1,299x 19x 22.4x 23x 13.8x 16.7x 13.6x 12.5x
FCF Yield 0.08% 5.26% 4.46% 4.35% 7.25% 6% 7.38% 8.02%
Dividend per Share 2 0.4 0.42 0.42 0.42 0.42 0.4344 0.4567 0.4831
Rate of return 2.11% 2.87% 3.38% 4.16% 5.87% 4.14% 4.36% 4.61%
EPS 2 1.04 0.26 0.41 0.74 -0.23 0.6252 0.7665 0.8252
Distribution rate 38.5% 162% 102% 56.8% -183% 69.5% 59.6% 58.5%
Net sales 1 4,372 5,198 4,377 4,152 3,915 3,814 3,946 4,079
EBITDA 1 760 893 641 663 697 672.2 720 762.1
EBIT 1 493 617 405 416 445 424.5 477.4 510.6
Net income 1 344 84 134 244 -75 209.3 257.5 276
Net Debt 1 1,535 750 755 1,489 1,413 1,226 1,085 986.5
Reference price 2 19.00 14.65 12.42 10.09 7.16 10.48 10.48 10.48
Nbr of stocks (in thousands) 329,554 329,116 329,017 328,848 328,286 328,876 - -
Announcement Date 5/19/22 3/2/23 2/28/24 2/28/25 2/26/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.51x4.87x19.76x1.09% 75.54B
29.24x4.41x19.02x2.28% 36.43B
24.69x2.94x15.25x2.11% 35.55B
14.07x1.36x8.37x2.25% 25.32B
36.79x9.04x27.09x2.36% 22.7B
9.33x2.61x5.15x2.93% 19.34B
24.22x2.62x10.66x1.87% 17.42B
15.47x1.71x6.72x1.94% 14.31B
22.94x2.73x12.56x1.47% 13.96B
Average 23.59x 3.59x 13.84x 2.03% 28.95B
Weighted average by Cap. 26.71x 3.96x 15.78x 1.87%

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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