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 1,992 - -
Change - 9.02% -39.93% 20.04% -1.22% 13.1% - -
Enterprise Value (EV) 1 4,959 5,287 4,251 4,328 4,388 4,307 3,977 4,283
Change - 6.62% -19.6% 1.8% 1.4% -1.85% 11.39% 7.68%
P/E 10.6x 10.7x 4.72x -5.07x -1.63x -4.6x -9.3x -12.3x
PBR 0.87x 0.89x 0.5x 0.45x 0.68x 0.77x 0.58x 0.62x
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 1.57x 1.49x
EV / Revenue 4.02x 4.59x 3.76x 3.57x 3.53x 3.48x 3.14x 3.2x
EV / EBITDA 5.38x 6.14x 5.15x 6.02x 6.49x 6.81x 5.99x 5.9x
EV / EBIT 14.3x 12.4x 7.41x -22.6x -4.83x -19.6x -35.2x -77.3x
EV / FCF 7.03x 11.9x 9.19x - -784x -133x -7.13x -217x
FCF Yield 14.2% 8.38% 10.9% - -0.13% -0.75% -14% -0.46%
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 1,265 1,337
EBITDA 1 921.9 861.6 825.5 718.9 676.2 632.4 663.9 726.5
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 1.692 1.692 1.692
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.($)
7.52x1.33x4.84x5.88% 78.53B
2.76x2.55x16.59x-.--% 26.28B
-26.26x117.69x-52.48x-.--% 18.31B
-133.06x35.86x73.34x-.--% 10.68B
53.27x7.16x13.55x1.28% 5.18B
21.05x4.24x10.22x2.3% 3.69B
-5.65x3.05x5.82x-.--% 2.26B
-11.43x2.34x5.4x10.62% 2.13B
Average -11.48x 21.78x 9.66x 2.51% 18.38B
Weighted average by Cap. -6.28x 18.86x 5.25x 3.4%

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

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  5. Valuation Eutelsat Communications