Company Valuation: Fenix Outdoor International AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,359 1,597 1,019 928 817.6 595.5
Change - 17.48% -36.17% -8.96% -11.9% -27.17%
Enterprise Value (EV) 1 1,364 1,579 1,088 1,014 872.8 741.9
Change - 15.8% -31.1% -6.76% -13.96% -15%
P/E 40.5x 28.4x 16.8x 29.4x 56.8x 125x
PBR 3.84x 4.19x 2.52x 2.22x 1.98x 1.55x
PEG - 0.4x 2.14x -0.6x -1x -1.9x
Capitalization / Revenue 2.41x 2.46x 1.34x 1.25x 1.19x 0.86x
EV / Revenue 2.42x 2.43x 1.43x 1.37x 1.27x 1.07x
EV / EBITDA 18.4x 16.4x 11.1x 14.4x 16.8x 16.1x
EV / EBIT 22.1x 19.2x 13.1x 18.9x 24.7x 24.9x
EV / FCF 15x 19.1x -35.6x 16.9x 11.5x 30.8x
FCF Yield 6.65% 5.23% -2.81% 5.91% 8.66% 3.25%
Dividend per Share 2 1.495 1.459 1.349 1.352 1.309 0.693
Rate of return 1.47% 1.22% 1.76% 1.94% 2.13% 1.56%
EPS 2 2.519 4.213 4.544 2.369 1.079 0.3543
Distribution rate 59.4% 34.6% 29.7% 57.1% 121% 196%
Net sales 1 563.1 650.3 759.4 739.6 685.6 694.8
EBITDA 1 74.07 95.99 97.97 70.61 51.85 46.18
EBIT 1 61.67 82.14 83.03 53.7 35.33 29.82
Net income 1 33.6 56.21 60.58 31.57 14.46 4.765
Net Debt 1 4.21 -17.94 68.69 86.4 55.17 146.4
Reference price 2 101.89 119.71 76.48 69.63 61.34 44.30
Nbr of stocks (in thousands) 13,340 13,340 13,328 13,328 13,328 13,441
Announcement Date 4/1/21 4/5/22 3/28/23 2/29/24 4/1/25 3/25/26
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.09x2.63x16.35x0.91% 6.17B
17.47x1.94x8.43x3.83% 3.86B
32.63x1.44x13x-.--% 3.22B
21.94x2.32x11.04x3.09% 3.12B
46.07x1.15x5.87x-.--% 2.61B
14.5x0.91x8.6x1.84% 1.67B
16.28x1.11x9.34x1.1% 1.33B
10.14x0.83x6.76x - 1.23B
45.08x12.06x28.63x1.63% 1.03B
Average 25.80x 2.71x 12.00x 1.55% 2.69B
Weighted average by Cap. 26.37x 2.27x 11.94x 1.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  5. Valuation Fenix Outdoor International AG