Company Valuation: EXMAR NV

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 192.5 279.5 484.4 480.7 682.7 930.8
Change - 45.2% 73.29% -0.75% 42.02% 36.34%
Enterprise Value (EV) 1 504.6 631.4 181.3 569.1 724.6 1,029
Change - 25.13% -71.28% 213.86% 27.31% 42.04%
P/E 2.09x 24.4x 1.51x 6.72x 3.78x 10.2x
PBR 0.35x 0.52x 0.61x 1x 1.12x 1.7x
PEG - -0.3x 0x -0.1x 0x -0.2x
Capitalization / Revenue 0.67x 1.89x 3.11x 0.99x 1.96x 3.75x
EV / Revenue 1.77x 4.26x 1.17x 1.17x 2.08x 4.15x
EV / EBITDA 2.79x 12.7x 8.85x 7.32x 8.14x 12.9x
EV / EBIT 3.47x 31.5x -15.6x 12.5x 12.2x 18.3x
EV / FCF -21.9x -11x 1.71x 7.48x -16.3x 16.9x
FCF Yield -4.57% -9.11% 58.6% 13.4% -6.13% 5.93%
Dividend per Share 2 0.367 0.091 2.084 5.306 - 0.5871
Rate of return 10.9% 1.86% 24.6% 63.2% - 5.02%
EPS 2 1.606 0.2 5.597 1.25 3.14 1.146
Distribution rate 22.8% 45.5% 37.2% 424% - 51.2%
Net sales 1 285.2 148.2 155.6 487.3 348.9 248.1
EBITDA 1 180.8 49.71 20.5 77.78 89 79.54
EBIT 1 145.5 20.01 -11.64 45.65 59.26 56.34
Net income 1 91.93 11.6 320.3 71.97 181 74.34
Net Debt 1 312.1 351.8 -303.1 88.38 41.82 98.33
Reference price 2 3.36 4.88 8.46 8.40 11.86 11.71
Nbr of stocks (in thousands) 57,227 57,227 57,227 57,227 57,544 79,516
Announcement Date 4/15/21 4/14/22 4/13/23 4/18/24 4/17/25 4/16/26
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.03B
6.74x3.27x6.52x7.35% 13.61B
4.97x4.98x5.26x17.25% 8.78B
5.04x3.59x4.59x15.61% 4.06B
5.86x2.08x3.22x2.36% 3.6B
10.49x - - 3.88% 3.03B
5.16x4.69x5.43x16.42% 2.96B
4.53x2.8x3.43x16.82% 2.96B
4.59x4.36x5.13x19.36% 2.04B
5.8x3.56x6.07x8.46% 1.77B
Average 5.91x 3.67x 4.96x 11.95% 4.38B
Weighted average by Cap. 6.00x 3.71x 5.35x 11.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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