Company Valuation: Energoaparatura SA

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 26.96 40.93 38.76 37.78 38.96 61.39
Change - 51.82% -5.29% -2.54% 3.12% 57.58%
Enterprise Value (EV) 1 25.27 38.04 34.97 31.67 36.89 49.3
Change - 50.53% -8.09% -9.43% 16.46% 33.66%
P/E -14.4x 17x 17.7x 11.6x 28.3x 12.5x
PBR 1.47x 2.05x 1.87x 1.79x 1.74x 2.24x
PEG - -0x -1.94x 0.2x -0.5x 0x
Capitalization / Revenue 0.98x 0.76x 0.82x 0.81x 0.86x 0.94x
EV / Revenue 0.92x 0.71x 0.74x 0.68x 0.81x 0.76x
EV / EBITDA 12,637x 11.8x 8.95x 6.89x 12.5x 7.05x
EV / EBIT -18.1x 19x 12.2x 8.96x 17.7x 8.22x
EV / FCF 4.81x 154x 19x 7.1x -9.87x 4.91x
FCF Yield 20.8% 0.65% 5.27% 14.1% -10.1% 20.4%
Dividend per Share 2 0.05 0.07 0.05 - - -
Rate of return 3.65% 3.37% 2.54% - - -
EPS 2 -0.0952 0.1226 0.1114 0.1659 0.0699 0.2498
Distribution rate -52.5% 57.1% 44.9% - - -
Net sales 1 27.56 53.82 47.46 46.43 45.29 65.09
EBITDA 1 0.002 3.217 3.909 4.597 2.95 6.998
EBIT 1 -1.4 2.001 2.871 3.534 2.079 5.997
Net income 1 -1.874 2.412 2.192 3.264 1.376 4.915
Net Debt 1 -1.683 -2.883 -3.795 -6.107 -2.074 -12.09
Reference price 2 1.370 2.080 1.970 1.920 1.980 3.120
Nbr of stocks (in thousands) 19,677 19,677 19,677 19,677 19,677 19,677
Announcement Date 4/30/21 4/29/22 4/28/23 4/29/24 4/29/25 4/30/26
1PLN in Million2PLN
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
55.44x2.56x24.44x0.07% 96.6B
11.77x1.02x5.58x4.96% 67.3B
34.05x4.28x23.25x0.2% 58.12B
25.23x1.95x19.22x1.17% 53.88B
49.42x3.97x25.09x1.96% 38.91B
23.03x1.57x14.49x0.2% 33.28B
26.55x0.67x10.98x2.32% 33.1B
21.6x0.42x6.71x2.86% 28.65B
5.01x0.31x5.98x5.63% 26.73B
Average 28.01x 1.86x 15.08x 2.15% 48.51B
Weighted average by Cap. 31.63x 2.11x 16.71x 1.85%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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