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 3,357 - -
Change - -58.75% 29.84% 24.77% -1.5% -23.66% - -
Enterprise Value (EV) 1 7,749 4,141 4,794 5,623 5,484 4,386 4,251 4,104
Change - -46.56% 15.76% 17.29% -2.46% -20.04% -3.06% -3.47%
P/E 26.6x 17.1x 31.4x 32.3x 25.3x 17.9x 13.8x 11.7x
PBR 4.16x 1.62x 2.28x 2.71x 2.76x 2.06x 1.92x 1.78x
PEG - -0.5x -1.1x 1.5x 1x 2.28x 0.5x 0.7x
Capitalization / Revenue 3.06x 1.15x 1.75x 2.12x 2.01x 1.48x 1.4x 1.33x
EV / Revenue 3.54x 1.73x 2.34x 2.68x 2.51x 1.93x 1.78x 1.63x
EV / EBITDA 14.1x 8.09x 10.8x 12.6x 10.9x 8.24x 7.34x 6.56x
EV / EBIT 18.3x 13.6x 20.3x 21.6x 16.4x 12.6x 10.4x 8.97x
EV / FCF 28.3x 98.8x 13.1x 23.7x 20.2x 19.5x 14.9x 12.6x
FCF Yield 3.53% 1.01% 7.61% 4.22% 4.95% 5.12% 6.71% 7.94%
Dividend per Share 2 0.4 0.85 0.7 0.55 0.65 0.6858 0.7674 0.8632
Rate of return 1.14% 5.85% 3.71% 2.34% 2.81% 3.88% 4.34% 4.88%
EPS 2 1.324 0.8481 0.6002 0.7273 0.9167 0.9887 1.282 1.508
Distribution rate 30.2% 100% 117% 75.6% 70.9% 69.4% 59.8% 57.2%
Net sales 1 2,187 2,389 2,051 2,102 2,184 2,268 2,392 2,516
EBITDA 1 549 512 445 447.4 501 532.3 579.5 625.9
EBIT 1 424.3 304.3 236.1 259.7 334 347 408.4 457.5
Net income 1 252 159.9 113.8 138.1 176 190.1 248 290.9
Net Debt 1 1,067 1,385 1,215 1,158 1,087 1,028 894.1 746.7
Reference price 2 35.20 14.52 18.85 23.52 23.16 17.68 17.68 17.68
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.($)
20.13x2.06x11.86x1.17% 4.7B
17.88x1.93x8.24x3.88% 3.85B
20.64x2.14x10.27x3.24% 2.89B
24.71x1.13x9.06x-.--% 2.62B
15.66x0.85x4.04x-.--% 2.18B
15.35x1.02x9.25x1.64% 1.95B
14.56x1.01x8.31x1.19% 1.28B
9.68x0.8x6.51x - 1.2B
44.23x11.83x28.96x1.66% 996M
Average 20.32x 2.53x 10.72x 1.6% 2.41B
Weighted average by Cap. 19.67x 2.04x 9.93x 1.77%

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

-40%: Exceptional extension
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