Company Valuation: Fluidra, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,682 2,756 3,579 4,465 4,398 3,264 - -
Change - -58.75% 29.84% 24.77% -1.5% -25.78% - -
Enterprise Value (EV) 1 7,749 4,141 4,794 5,623 5,484 4,276 4,141 3,994
Change - -46.56% 15.76% 17.29% -2.46% -22.03% -3.15% -3.57%
P/E 26.6x 17.1x 31.4x 32.3x 25.3x 17.6x 13.5x 11.5x
PBR 4.16x 1.62x 2.28x 2.71x 2.76x 2.01x 1.87x 1.74x
PEG - -0.5x -1.1x 1.5x 1x 2.7x 0.4x 0.7x
Capitalization / Revenue 3.06x 1.15x 1.75x 2.12x 2.01x 1.44x 1.37x 1.3x
EV / Revenue 3.54x 1.73x 2.34x 2.68x 2.51x 1.89x 1.73x 1.59x
EV / EBITDA 14.1x 8.09x 10.8x 12.6x 10.9x 8.04x 7.15x 6.38x
EV / EBIT 18.3x 13.6x 20.3x 21.6x 16.4x 12.4x 10.2x 8.74x
EV / FCF 28.3x 98.8x 13.1x 23.7x 20.2x 17.7x 14x 12x
FCF Yield 3.53% 1.01% 7.61% 4.22% 4.95% 5.65% 7.12% 8.35%
Dividend per Share 2 0.4 0.85 0.7 0.55 0.65 0.6791 0.7632 0.8595
Rate of return 1.14% 5.85% 3.71% 2.34% 2.81% 3.95% 4.44% 5%
EPS 2 1.324 0.8481 0.6002 0.7273 0.9167 0.9764 1.274 1.496
Distribution rate 30.2% 100% 117% 75.6% 70.9% 69.6% 59.9% 57.4%
Net sales 1 2,187 2,389 2,051 2,102 2,184 2,268 2,389 2,510
EBITDA 1 549 512 445 447.4 501 531.7 579.2 625.6
EBIT 1 424.3 304.3 236.1 259.7 334 345 407.4 456.8
Net income 1 252 159.9 113.8 138.1 176 187 246.2 289.3
Net Debt 1 1,067 1,385 1,215 1,158 1,087 1,012 877.2 729.3
Reference price 2 35.20 14.52 18.85 23.52 23.16 17.19 17.19 17.19
Nbr of stocks (in thousands) 189,828 189,816 189,848 189,840 189,892 189,893 - -
Announcement Date 2/28/22 2/27/23 2/29/24 2/27/25 2/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.11x1.93x8.22x3.84% 3.81B
31.26x2.17x13.02x2.04% 9.63B
14.88x1.31x10.83x3.14% 5.88B
-140.87x9.05x-219.49x - 5.89B
20.62x2.1x12.11x1.14% 4.82B
15.83x1x7.97x2.74% 4.16B
27.07x0.84x7.57x1.22% 4.01B
14.54x0.71x7.5x4.01% 4.07B
18.31x0.41x7.24x3.09% 3.57B
15.86x0.85x6.19x2.2% 3.42B
Average 3.56x 2.04x -13.89x 2.6% 4.93B
Weighted average by Cap. 1.62x 2.32x -17.74x 2.52%

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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