Company Valuation: Elis

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,409 3,179 4,418 4,469 5,643 4,754 - -
Change - -6.74% 39% 1.15% 26.26% -15.75% - -
Enterprise Value (EV) 1 7,007 6,842 7,444 7,507 8,663 7,981 7,809 7,630
Change - -2.36% 8.8% 0.85% 15.4% -7.88% -2.15% -2.29%
P/E 29.8x 16.1x 17.8x 14x 16.6x 14x 12.6x 11.6x
PBR 1.13x 0.99x 1.27x 1.23x 1.49x 1.33x 1.23x 1.14x
PEG - 0.2x 0.8x 0.5x 2.04x 1.65x 1.2x 1.29x
Capitalization / Revenue 1.12x 0.83x 1.03x 0.98x 1.18x 0.94x 0.9x 0.87x
EV / Revenue 2.3x 1.79x 1.73x 1.64x 1.81x 1.58x 1.48x 1.4x
EV / EBITDA 6.66x 5.43x 5.05x 4.66x 5.1x 4.47x 4.18x 3.91x
EV / EBIT 18x 12.6x 10.9x 10.2x 11.3x 9.95x 9.36x 8.73x
EV / FCF 17.1x 16.4x 24.5x 21.7x 24.2x 20.4x 18.9x 17.9x
FCF Yield 5.83% 6.11% 4.08% 4.61% 4.14% 4.89% 5.28% 5.58%
Dividend per Share 2 0.37 0.41 0.43 0.45 0.48 0.5254 0.5679 0.608
Rate of return 2.43% 2.97% 2.28% 2.38% 1.98% 2.37% 2.56% 2.74%
EPS 2 0.51 0.86 1.06 1.35 1.46 1.584 1.753 1.911
Distribution rate 72.5% 47.7% 40.6% 33.3% 32.9% 33.2% 32.4% 31.8%
Net sales 1 3,048 3,821 4,309 4,574 4,797 5,047 5,260 5,467
EBITDA 1 1,052 1,260 1,475 1,610 1,700 1,784 1,868 1,951
EBIT 1 388.3 543.7 683.1 733 766.6 801.8 834.4 874.2
Net income 1 114.5 204.6 262.5 337.8 366.6 374.1 409.2 441.1
Net Debt 1 3,599 3,663 3,026 3,038 3,020 3,226 3,055 2,876
Reference price 2 15.22 13.82 18.89 18.90 24.26 22.16 22.16 22.16
Nbr of stocks (in thousands) 223,957 230,009 233,899 236,468 232,609 214,549 - -
Announcement Date 3/9/22 3/8/23 3/7/24 3/6/25 3/11/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.99x1.58x4.47x2.37% 5.44B
18.27x0.71x10.58x-.--% 1.48B
9.16x0.55x4.07x4.43% 464M
17.77x0.85x8.47x5.42% 56.72M
Average 14.80x 0.92x 6.90x 3.06% 1.86B
Weighted average by Cap. 14.57x 1.34x 5.69x 2.05%

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
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