Company Valuation: DiaSorin S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,163 6,962 4,969 5,308 3,702 3,924 - -
Change - -24.02% -28.63% 6.83% -30.27% 6.02% - -
Enterprise Value (EV) 1 10,149 7,868 5,745 5,926 4,282 4,631 4,466 4,342
Change - -22.47% -26.99% 3.15% -27.75% 8.16% -3.56% -2.79%
P/E 31x 31.4x 32.5x 29.7x 24.1x 22.9x 20.3x 18.6x
PBR 6.71x 4.56x 3.23x 2.98x 2.42x 2.56x 2.21x 2.04x
PEG - -1.4x -1.1x 1.8x -1.6x 1.1x 1.5x 2.12x
Capitalization / Revenue 7.4x 5.11x 4.33x 4.48x 3.1x 3.18x 2.99x 2.83x
EV / Revenue 8.2x 5.78x 5x 5x 3.58x 3.75x 3.41x 3.13x
EV / EBITDA 18.7x 15.3x 15.3x 15x 10.9x 11.6x 10.4x 9.4x
EV / EBIT 21.8x 18.9x 20.3x 19.6x 14.1x 16.1x 14.2x 12.6x
EV / FCF 33.7x 24.9x 29x 24.8x 20.9x 21.2x 20.6x 18x
FCF Yield 2.96% 4.02% 3.45% 4.03% 4.8% 4.72% 4.85% 5.55%
Dividend per Share 2 1.05 1.1 1.158 1.2 1.3 1.302 1.361 1.467
Rate of return 0.63% 0.84% 1.24% 1.21% 1.89% 1.64% 1.72% 1.85%
EPS 2 5.4 4.15 2.87 3.35 2.85 3.455 3.909 4.252
Distribution rate 19.4% 26.5% 40.3% 35.8% 45.6% 37.7% 34.8% 34.5%
Net sales 1 1,238 1,361 1,148 1,185 1,195 1,234 1,310 1,388
EBITDA 1 543.1 514.2 375 394 394 398.4 427.5 461.8
EBIT 1 465.1 417 283 303 304 288.5 313.9 345.4
Net income 1 310.7 240.1 159 187 150 183 205.6 228.6
Net Debt 1 985.9 906.6 776.4 618 580 706.6 541.9 417.4
Reference price 2 167.45 130.40 93.24 99.56 68.62 79.28 79.28 79.28
Nbr of stocks (in thousands) 54,719 53,388 53,289 53,316 53,943 49,499 - -
Announcement Date 3/16/22 3/27/23 3/15/24 3/14/25 3/20/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.81x3.73x11.56x1.65% 4.45B
-55x17.98x-131.3x-.--% 23.79B
-118.12x17.26x-161.33x-.--% 11.17B
19.03x2.12x8.96x1.35% 10.42B
242.59x8.38x47.75x-.--% 9.04B
21.15x4.2x11.59x - 6.51B
20.21x6.98x15.68x2.85% 5.59B
17.77x - - 3.45% 2.86B
Average 21.30x 8.66x -28.15x 1.33% 9.23B
Weighted average by Cap. 2.25x 11.29x -58.98x 0.7%

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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