Company Valuation: KAP AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 107.9 177.1 118.5 109.5 75.73 14.21
Change - 64.18% -33.11% -7.54% -30.85% -81.23%
Enterprise Value (EV) 1 162.7 229.5 226.3 160.7 130.9 85.55
Change - 41.01% -1.38% -29% -18.51% -34.65%
P/E -36.4x 4.45x -68.7x -299x -1.66x -0.21x
PBR 0.71x 0.97x 0.67x 0.68x 0.64x 0.3x
PEG - -0x 1x 3.8x -0x -0x
Capitalization / Revenue 0.33x 0.51x 0.27x 0.33x 0.3x 0.06x
EV / Revenue 0.5x 0.66x 0.52x 0.48x 0.52x 0.35x
EV / EBITDA 11.3x 9.98x 8.56x -18.7x 51.1x 6.27x
EV / EBIT -14.2x 274x -198x -4.66x -3.59x 95.2x
EV / FCF 8.96x -126x -4.31x 11.8x -592x -50.5x
FCF Yield 11.2% -0.79% -23.2% 8.49% -0.17% -1.98%
Dividend per Share 2 1.75 1 1.5 - - -
Rate of return 12.6% 4.39% 9.84% - - -
EPS 2 -0.3816 5.129 -0.2221 -0.0471 -5.877 -8.687
Distribution rate -459% 19.5% -675% - - -
Net sales 1 322.7 345.6 433.5 337 252.5 241.4
EBITDA 1 14.37 22.98 26.44 -8.611 2.563 13.65
EBIT 1 -11.47 0.836 -1.145 -34.45 -36.43 0.899
Net income 1 -2.961 39.84 -1.725 -0.366 -45.66 -67.48
Net Debt 1 54.85 52.35 107.8 51.13 55.18 71.33
Reference price 2 13.900 22.800 15.250 14.100 9.750 1.830
Nbr of stocks (in thousands) 7,760 7,768 7,768 7,768 7,768 7,768
Announcement Date 4/23/21 4/28/22 4/27/23 4/26/24 4/29/25 4/28/26
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 16.22M
12.14x1.14x5.33x2.42% 16.84B
7.52x13.94x - 0.52% 13.04B
6.38x9.88x28.85x2.48% 12.08B
Average 8.68x 8.32x 17.09x 1.81% 10.49B
Weighted average by Cap. 9.04x 7.64x 15.16x 1.85%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA