Company Valuation: Exponent, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,083 5,018 4,602 4,463 3,500 3,200 - -
Change - -17.51% -8.28% -3.02% -21.59% -8.56% - -
Enterprise Value (EV) 1 5,800 5,018 4,415 4,204 3,278 3,115 3,035 2,936
Change - -13.49% -12.01% -4.77% -22.04% -4.96% -2.59% -3.25%
P/E 61.4x 50.6x 46.9x 41.7x 33.9x 29.2x 25.6x 23.5x
PBR 14.9x - 12.9x 10.8x 9.21x 10.3x 7.84x 6.23x
PEG - 16.02x -45.96x 4.76x -17.88x 2.5x 1.8x 2.68x
Capitalization / Revenue 14x 10.8x 9.26x 8.61x 6.52x 5.23x 4.82x 4.46x
EV / Revenue 13.3x 10.8x 8.88x 8.11x 6.11x 5.09x 4.57x 4.09x
EV / EBITDA 43.9x 36.6x 32.1x 28.6x 22.1x 17.8x 15x 13.6x
EV / EBIT 53.2x 35.6x 39.7x 35.2x 27.4x 21.2x 17.5x 15.6x
EV / FCF 49.1x - - - 26.8x 17.2x 15.2x 13.6x
FCF Yield 2.04% - - - 3.73% 5.81% 6.59% 7.36%
Dividend per Share 2 0.8 - 1.04 1.12 1.2 1.24 1.24 1.3
Rate of return 0.69% - 1.14% 1.27% 1.71% 1.84% 1.84% 1.93%
EPS 2 1.9 1.96 1.94 2.11 2.07 2.307 2.63 2.861
Distribution rate 42.1% - 53.6% 53.1% 58% 53.7% 47.1% 45.4%
Net sales 1 434.8 463.8 497.2 518.5 536.8 612.1 663.9 717
EBITDA 1 132.3 137.2 137.7 147.1 148.1 174.5 201.9 216.1
EBIT 1 108.9 140.8 111.3 119.6 119.8 147 173 187.7
Net income 1 101.2 102.3 100.3 109 106 113.2 128.1 138.8
Net Debt 1 -282.7 - -187.2 -258.9 -221.9 -84.67 -165.2 -263.8
Reference price 2 116.73 99.09 90.91 87.92 70.15 67.30 67.30 67.30
Nbr of stocks (in thousands) 52,112 50,638 50,622 50,764 49,887 47,546 - -
Announcement Date 2/3/22 2/2/23 2/1/24 2/6/25 2/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.79x14.68x20.86x0.75% 662B
35.02x6.42x22.78x1.03% 77.11B
23.5x4.6x10.13x0.72% 67.29B
-106.62x24.05x57.83x-.--% 66.55B
10.38x1.38x7.12x1.06% 45.17B
45.17x1.67x9.32x-.--% 44.93B
19.68x3.36x8.01x1.61% 31.59B
19.79x6.06x11.56x-.--% 25.91B
9.41x2.53x6.09x-.--% 23.59B
Average 9.46x 7.19x 17.08x 0.57% 116.02B
Weighted average by Cap. 19.25x 12.05x 20.62x 0.69%

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