Company Valuation: Ernst Russ AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204.3 144.7 136.5 192.7 234.5 254.7 - -
Change - -29.21% -5.63% 41.16% 21.68% 8.62% - -
Enterprise Value (EV) 1 257.1 144.7 82.85 93.57 122 190.3 93.09 111.1
Change - -43.73% -42.72% 12.93% 30.38% 56.02% -51.09% 19.34%
P/E 12.9x 3.05x 2.45x 4.54x 3.19x 6.89x 9.57x 9.22x
PBR 2.83x - 0.8x 0.74x 0.94x 0.83x 0.79x 0.75x
PEG - 0x 0.2x -0.2x 0x -0.1x -0.3x 2.43x
Capitalization / Revenue 2.21x - 0.67x 1.12x 1.48x 1.65x 1.59x 1.56x
EV / Revenue 2.79x - 0.41x 0.54x 0.77x 1.23x 0.58x 0.68x
EV / EBITDA 6.51x - 0.71x 1.01x 0.97x 2.34x 1.39x 1.68x
EV / EBIT 8.35x - 0.96x 1.38x 1.27x 3.66x 2.61x 3x
EV / FCF 7.03x - - - 2.96x 4.35x 2.12x 3x
FCF Yield 14.2% - - - 33.8% 23% 47.1% 33.4%
Dividend per Share 2 - - 1 0.2 0.25 0.3167 0.3 0.34
Rate of return - - 24.5% 3.5% 3.59% 4.19% 3.97% 4.5%
EPS 2 0.49 1.46 1.66 1.26 2.18 1.097 0.79 0.82
Distribution rate - - 60.2% 15.9% 11.5% 28.9% 38% 41.5%
Net sales 1 92.28 - 202.7 172.7 158.1 154.1 160.2 163.3
EBITDA 1 39.49 - 116.6 93 126.2 81.33 66.73 66.2
EBIT 1 30.8 - 86.6 67.7 96.4 52.03 35.73 37.03
Net income 1 15.78 47.27 55.08 42.47 73.48 37 26.53 27.6
Net Debt 1 52.75 - -53.66 -99.14 -112.5 -64.37 -161.6 -143.6
Reference price 2 6.300 4.460 4.075 5.720 6.960 7.560 7.560 7.560
Nbr of stocks (in thousands) 32,434 32,434 33,500 33,689 33,689 33,689 - -
Announcement Date 3/24/22 3/22/23 3/18/24 3/25/25 3/24/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.33x5.7x12.22x2.09% 170B
15.37x3.58x - 2.34% 161B
17x7.52x - 1.47% 106B
26.09x12.19x20.94x4.13% 76.87B
13.69x5.27x - 1.92% 50.15B
12.12x1.84x5.64x1.21% 48.32B
5.73x5.64x4.91x3.24% 38.88B
14.41x5.28x16.47x1.85% 33.09B
Average 15.59x 5.88x 12.04x 2.28% 85.6B
Weighted average by Cap. 17.11x 5.88x 12.79x 2.26%

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