Company Valuation: eQ Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,021 1,029 634.8 536.2 457.5 357.8 - -
Change - 0.82% -38.3% -15.53% -14.67% -21.81% - -
Enterprise Value (EV) 1 1,021 1,029 601.4 519.2 442.4 330.8 323.4 357.8
Change - 0.82% -41.55% -13.67% -14.79% -25.24% -2.24% 10.64%
P/E - 29.3x 20.8x 19.9x 21.3x 14.4x 13.9x 13.3x
PBR - - 8.42x 7.32x 6.62x 5.02x 4.99x -
PEG - - -1.5x -1.5x -1.1x 0.9x 4.17x 2.75x
Capitalization / Revenue 12.9x 13.2x 8.95x 8.17x 7.86x 5.28x 5.12x 4.9x
EV / Revenue 12.9x 13.2x 8.48x 7.91x 7.6x 4.88x 4.63x 4.9x
EV / EBITDA - 21.9x 15x 14.5x 15.5x 9.99x 9.62x 10x
EV / EBIT 21.4x 22.5x 15.1x 15x 16.1x 10.4x 10x 10.4x
EV / FCF 22x - 20.6x 35.4x 16.6x 9.9x 10x 13.2x
FCF Yield 4.55% - 4.85% 2.83% 6.04% 10.1% 9.96% 7.6%
Dividend per Share 2 0.97 - 0.8 0.66 0.52 0.6 0.64 0.68
Rate of return 3.77% - 5.13% 5.1% 4.71% 6.94% 7.41% 7.87%
EPS 2 - 0.87 0.75 0.65 0.52 0.6 0.62 0.65
Distribution rate - - 107% 102% 100% 100% 103% 105%
Net sales 1 78.9 77.78 70.9 65.6 58.2 67.8 69.9 73
EBITDA 1 - 46.91 40.07 35.69 28.51 33.1 33.6 35.7
EBIT 1 47.7 45.74 39.7 34.5 27.4 31.9 32.3 34.3
Net income 1 - 36.32 31.5 27.4 21.6 25.2 26.2 27.9
Net Debt 1 - - -33.4 -17 -15.1 -27 -34.4 -
Reference price 2 25.750 25.450 15.580 12.950 11.050 8.640 8.640 8.640
Nbr of stocks (in thousands) 39,632 40,430 40,746 41,407 41,407 41,407 - -
Announcement Date 2/4/22 2/7/23 2/6/24 2/4/25 2/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.4x4.88x9.99x6.94% 408M
19.34x5.5x11.77x2.16% 164B
13.78x3.38x - 2.56% 147B
16.22x7.3x - 1.54% 101B
20.22x11.39x16.52x4.44% 72.35B
13.44x5.21x - 1.95% 49.43B
11.03x1.64x5.04x1.33% 44.41B
5.12x5.3x3.81x3.57% 35.27B
13.64x5.06x15.79x1.93% 31.83B
Average 14.13x 5.52x 10.49x 2.94% 71.84B
Weighted average by Cap. 15.60x 5.64x 11.46x 2.4%

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