Company Valuation: Evotec SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,444 2,696 3,765 1,453 966.4 489.5 - -
Change - -63.78% 39.63% -61.41% -33.49% -49.35% - -
Enterprise Value (EV) 1 7,099 2,485 3,787 1,669 938.7 632.4 651.7 662.7
Change - -65% 52.43% -55.93% -43.75% -32.64% 3.05% 1.69%
P/E 32.7x -15.4x -45.3x -7.38x -9.4x -2.35x -6.4x -145x
PBR 5.44x 2.27x 3.37x 6.89x 1.19x 0.76x 0.93x 0.94x
PEG - 0x 0.9x -0x 0.2x -0x 0.1x 1.5x
Capitalization / Revenue 12x 3.59x 4.82x 1.82x 1.23x 0.81x 0.68x 0.62x
EV / Revenue 11.5x 3.31x 4.85x 2.09x 1.19x 1.05x 0.9x 0.84x
EV / EBITDA 66.2x 24.4x 57.1x 74x 22.8x -9.85x 13.8x 7x
EV / EBIT 173x 119x -142x -11.7x -16.7x -2.61x -21.8x 25.5x
EV / FCF 2,155x 114x -21.4x -16.8x -11.5x -3.71x -11.4x 89.2x
FCF Yield 0.05% 0.88% -4.67% -5.95% -8.71% -27% -8.74% 1.12%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.3 -0.99 -0.47 -1.11 -0.58 -1.174 -0.4303 -0.019
Distribution rate - - - - - - - -
Net sales 1 618 751.4 781.4 797 788.4 600.9 724.1 784.8
EBITDA 1 107.3 101.7 66.35 22.56 41.1 -64.22 47.3 94.62
EBIT 1 41 20.85 -26.63 -142.5 -56.2 -242.1 -29.88 25.99
Net income 1 215.5 -175.7 -83.91 -196.1 -103.5 -202 -48.25 14.39
Net Debt 1 -345.3 -211.8 22.09 216 -27.66 142.8 162.2 173.2
Reference price 2 42.500 15.260 21.280 8.195 5.450 2.754 2.754 2.754
Nbr of stocks (in thousands) 175,162 176,703 176,936 177,303 177,323 177,749 - -
Announcement Date 4/12/22 5/12/23 4/24/24 4/17/25 4/8/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
33.31x5.98x17.9x0.97% 48.01B
35.42x3.39x14.64x-.--% 45.27B
47.15x5.46x29.88x-.--% 40.93B
-20.54x221.64x-22.17x-.--% 42.84B
26.85x7.74x19.93x0.42% 29.6B
35.29x5.79x26.32x-.--% 17.32B
25.91x2.22x9.63x1.03% 15.34B
-59.05x9.67x236.13x-.--% 14.84B
Average 15.54x 32.74x 41.53x 0.3% 31.77B
Weighted average by Cap. 20.38x 41.97x 25.55x 0.3%

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