Company Valuation: Dassault Aviation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,902 13,163 14,159 15,390 21,417 22,405 - -
Change - 66.59% 7.57% 8.69% 39.17% 4.61% - -
Enterprise Value (EV) 1 3,150 9,416 7,050 7,142 12,181 13,373 14,116 14,640
Change - 198.9% -25.13% 1.31% 70.56% 9.79% 5.56% 3.71%
P/E 13x 18.4x 20.9x 16.7x 21.9x 20.3x 16.1x 13.7x
PBR 1.5x 2.18x 2.47x 2.44x 3.21x 3.09x 2.76x 2.47x
PEG - 1x -36.03x 0.4x 3.49x 1.4x 0.6x 0.8x
Capitalization / Revenue 1.09x 1.9x 2.95x 2.47x 2.89x 2.54x 2.3x 1.98x
EV / Revenue 0.43x 1.36x 1.47x 1.15x 1.64x 1.52x 1.45x 1.29x
EV / EBITDA 4.64x 12.6x 13.5x 10.1x 14.5x 12.8x 11.7x 9.95x
EV / EBIT 5.98x 16.5x 20.2x 13.8x 19.2x 16.3x 14.4x 11.9x
EV / FCF 2.11x 1.91x -6.92x 4.65x 7.37x 242x -33.3x 35.5x
FCF Yield 47.3% 52.4% -14.4% 21.5% 13.6% 0.41% -3% 2.82%
Dividend per Share 2 2.49 3 3.37 4.72 4.78 5.157 6.344 7.629
Rate of return 2.62% 1.9% 1.88% 2.39% 1.75% 1.77% 2.18% 2.62%
EPS 2 7.28 8.62 8.57 11.78 12.52 14.34 18.09 21.2
Distribution rate 34.2% 34.8% 39.3% 40.1% 38.2% 36% 35.1% 36%
Net sales 1 7,246 6,929 4,801 6,230 7,420 8,825 9,753 11,320
EBITDA 1 678.6 746.8 523.6 705.4 840.9 1,043 1,207 1,472
EBIT 1 527 572.3 349.2 519.3 634.8 821.8 977.8 1,226
Net income 1 605.4 716.2 693.4 923.8 977.4 1,143 1,420 1,647
Net Debt 1 -4,751 -3,747 -7,109 -8,248 -9,236 -9,032 -8,289 -7,766
Reference price 2 95.00 158.20 179.20 197.20 273.80 290.80 290.80 290.80
Nbr of stocks (in thousands) 83,177 83,207 79,013 78,041 78,222 77,047 - -
Announcement Date 3/4/22 3/9/23 3/6/24 3/5/25 3/4/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.2x1.74x12.98x1.76% 177B
-740.88x1.85x41.82x-.--% 159B
20.27x1.52x12.82x1.77% 25.7B
14.3x0.99x8.65x0.1% 13.66B
21.05x1.56x11.86x1.61% 13.71B
-7.29x55.08x-8.59x-.--% 6.34B
-9.68x89.9x-9.89x-.--% 5.16B
11.34x - - 2.19% 2.01B
Average -83.09x 21.81x 9.95x 0.93% 50.3B
Weighted average by Cap. -278.90x 3.72x 23.60x 0.95%

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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  3. AM Stock
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  5. Valuation Dassault Aviation
-40%: Exceptional extension
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