Company Valuation: Ercros, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 299.9 313 248.8 322.8 313.2 319.1 - -
Change - 4.37% -20.52% 29.75% -2.97% 1.9% - -
Enterprise Value (EV) 1 368.3 390.1 338.8 322.8 428.1 469.1 499.2 469.1
Change - 5.92% -13.15% -4.74% 32.63% 9.58% 6.42% -6.03%
P/E 6.93x 5.06x 9.1x -27.7x -5.84x -10.6x -15.2x 349x
PBR - - - - - - - -
PEG - 0.1x -0.2x 0x -0x 0.2x 0.5x -3x
Capitalization / Revenue 0.35x 0.3x 0.33x 0.46x 0.47x 0.48x 0.45x 0.39x
EV / Revenue 0.43x 0.37x 0.45x 0.46x 0.65x 0.71x 0.7x 0.58x
EV / EBITDA 4.28x 2.73x 7.04x - 54.9x 27.8x 17.3x 8.97x
EV / EBIT 6.86x 4.23x 26x - -15.2x -29.7x -111x 25.5x
EV / FCF 14.1x 14x 19.6x - 21.4x -12.6x -16.5x -43.8x
FCF Yield 7.08% 7.16% 5.11% - 4.68% -7.91% -6.05% -2.28%
Dividend per Share 2 0.08 0.15 0.07 - - - - -
Rate of return 2.69% 4.63% 2.65% - - - - -
EPS 2 0.4288 0.64 0.29 -0.1275 -0.586 -0.33 -0.23 0.01
Distribution rate 18.7% 23.4% 24.1% - - - - -
Net sales 1 852.1 1,060 757.6 700.4 662.8 662.8 715.7 808.9
EBITDA 1 86.07 143 48.11 - 7.803 16.9 28.8 52.3
EBIT 1 53.68 92.16 13.04 - -28.14 -15.8 -4.5 18.4
Net income 1 43.3 62.99 27.58 -11.66 -53.58 -30.2 -20.8 0.5
Net Debt 1 68.43 77.14 90.07 - 114.9 150 180.1 150
Reference price 2 2.970 3.240 2.640 3.530 3.425 3.490 3.490 3.490
Nbr of stocks (in thousands) 100,971 96,599 94,229 91,436 91,436 91,436 - -
Announcement Date 3/5/22 2/22/23 2/27/24 2/25/25 2/28/26 - - -
1EUR in Million2
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-10.58x0.71x27.76x - 362M
29.27x6.72x17.18x1.34% 221B
27.52x4.27x13.75x2.12% 122B
28.61x3.5x17.92x1.01% 77.11B
19.06x6.13x30.46x3.6% 64.73B
81.92x6.17x14.34x2.6% 61.81B
61.73x1.27x8.42x6.44% 36.61B
10.99x1.17x6.34x3.02% 32.17B
9.04x3.03x7.11x4.67% 24.36B
43.77x5.61x29.84x1.3% 24.02B
Average 30.13x 3.86x 17.31x 2.9% 66.41B
Weighted average by Cap. 33.44x 5.04x 16.75x 2.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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