Company Valuation: Eutelsat Communications

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,269 2,473 1,485 1,783 1,761 2,114 - -
Change - 9.02% -39.93% 20.04% -1.22% 20.02% - -
Enterprise Value (EV) 1 4,959 5,287 4,251 4,328 4,388 4,307 4,099 4,405
Change - 6.62% -19.6% 1.8% 1.4% -1.85% 11.02% 7.45%
P/E 10.6x 10.7x 4.72x -5.07x -1.63x -4.6x -9.87x -13x
PBR 0.87x 0.89x 0.5x 0.45x 0.68x 0.77x 0.62x 0.66x
PEG - 1.38x 0.2x 0x -0x 0.1x 0.2x 0.5x
Capitalization / Revenue 1.84x 2.15x 1.31x 1.47x 1.42x 2.3x 1.68x 1.59x
EV / Revenue 4.02x 4.59x 3.76x 3.57x 3.53x 3.48x 3.26x 3.32x
EV / EBITDA 5.38x 6.14x 5.15x 6.02x 6.49x 6.81x 6.18x 6.04x
EV / EBIT 14.3x 12.4x 7.41x -22.6x -4.83x -19.6x -36.3x -79.5x
EV / FCF 7.03x 11.9x 9.19x - -784x -133x -7.35x -57.2x
FCF Yield 14.2% 8.38% 10.9% - -0.13% -0.75% -13.6% -1.75%
Dividend per Share 2 0.93 0.93 - - - - - -
Rate of return 9.44% 8.66% - - - - - -
EPS 2 0.93 1.002 1.267 -0.741 -2.279 -0.524 -0.1819 -0.138
Distribution rate 100% 92.8% - - - - - -
Net sales 1 1,234 1,152 1,131 1,213 1,244 1,236 1,259 1,329
EBITDA 1 921.9 861.6 825.5 718.9 676.2 632.4 663.7 729.9
EBIT 1 347.2 424.8 573.5 -191.3 -909.2 -220.1 -113 -55.39
Net income 1 214.1 230.8 314.9 -309.9 -1,082 -457.3 -203 -172.5
Net Debt 1 2,690 2,814 2,766 2,544 2,627 1,465 1,985 2,291
Reference price 2 9.854 10.740 5.975 3.756 3.710 1.795 1.795 1.795
Nbr of stocks (in thousands) 230,216 230,268 248,619 474,745 474,787 1,177,820 - -
Announcement Date 7/30/21 7/26/22 7/28/23 8/9/24 8/5/25 8/7/26 - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.65x1.34x4.88x5.78% 81.37B
2.84x2.6x16.94x-.--% 27.73B
-27.1x121.09x-53.99x-.--% 18.55B
-133.94x36.1x73.83x-.--% 10.76B
53.17x7.15x13.53x1.29% 5.11B
21.05x4.24x10.22x2.3% 3.77B
-5.74x3.08x5.87x-.--% 2.42B
-11.81x2.36x5.45x10.28% 2.33B
Average -11.73x 22.24x 9.59x 2.46% 19.01B
Weighted average by Cap. -6.14x 18.95x 5.22x 3.35%

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

  1. Stock Market
  2. Stocks
  3. ETL Stock
  4. EUTLF Stock
  5. Valuation Eutelsat Communications
-40%: Exceptional extension
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