Company Valuation: KGL SA

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 125.6 89.12 63.83 105.4 105.1 76.88
Change - -29.07% -28.37% 65.19% -0.33% -26.85%
Enterprise Value (EV) 1 247.7 211.3 202.7 214.8 234.3 202.4
Change - -14.7% -4.05% 5.97% 9.07% -13.61%
P/E 11.3x 17x -3.77x 5.76x -27.6x -4.18x
PBR 0.95x 0.66x 0.55x 0.78x 0.82x 0.75x
PEG - -0.3x 0x -0x 0x -0x
Capitalization / Revenue 0.33x 0.15x 0.1x 0.19x 0.2x 0.15x
EV / Revenue 0.65x 0.37x 0.31x 0.38x 0.44x 0.38x
EV / EBITDA 7.62x 8.62x 14.3x 4.32x 9.44x 18.6x
EV / EBIT 11x 18.8x -269x 6.23x 27.9x -32.3x
EV / FCF 212x 16.1x 45.6x 6.61x 50.1x 11.5x
FCF Yield 0.47% 6.21% 2.19% 15.1% 2% 8.66%
Dividend per Share 2 0.35 - - 0.5 - -
Rate of return 1.99% - - 3.36% - -
EPS 2 1.56 0.7358 -2.39 2.586 -0.54 -2.61
Distribution rate 22.4% - - 19.3% - -
Net sales 1 380 575.8 652 562.6 531.5 527.7
EBITDA 1 32.51 24.52 14.14 49.69 24.83 10.85
EBIT 1 22.59 11.25 -0.753 34.49 8.412 -6.266
Net income 1 11.18 5.246 -16.97 18.3 -3.792 -18.39
Net Debt 1 122 122.2 138.9 109.4 129.2 125.5
Reference price 2 17.55 12.50 9.02 14.90 14.90 10.90
Nbr of stocks (in thousands) 7,159 7,129 7,077 7,077 7,053 7,053
Announcement Date 4/30/21 4/29/22 3/1/23 4/30/24 4/30/25 4/30/26
1PLN in Million2PLN
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 19.68M
27.91x4.29x13.85x2.02% 126B
50.93x1.32x8.14x6.18% 41.16B
17.64x4.59x26.14x3.63% 41.51B
11.85x1.15x6.57x2.53% 31.53B
9.41x2.76x6.85x4.73% 21.77B
24.46x - - 1.62% 21.07B
34.03x2.69x15.24x0.37% 19.75B
10.98x0.93x8.24x3.6% 18.35B
19.51x2.85x11.49x0.61% 18.51B
Average 22.97x 2.57x 12.06x 2.81% 33.93B
Weighted average by Cap. 25.54x 3.15x 13.14x 2.83%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA