Company Valuation: Maschinenfabrik Berthold Hermle AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,480 1,210 985 1,075 812.5 747.5
Change - -18.24% -18.6% 9.14% -24.42% -8%
Enterprise Value (EV) 1 1,367 1,090 827.7 916 672.1 648.6
Change - -20.24% -24.08% 10.68% -26.63% -3.5%
P/E 36.9x 22x 13.7x 12.3x 12.3x 14.5x
PBR 5.39x 3.96x 2.94x 2.93x 2.26x 2.12x
PEG - 0.6x 0.4x 0.6x -0.5x -0.7x
Capitalization / Revenue 4.96x 3.21x 2.07x 2.02x 1.66x 1.51x
EV / Revenue 4.58x 2.89x 1.74x 1.72x 1.37x 1.31x
EV / EBITDA 22.6x 13.6x 7.42x 7.48x 7.13x 8.25x
EV / EBIT 27.1x 15.7x 8.2x 8.23x 8.37x 10.2x
EV / FCF 110x 61.6x 11.9x 20.9x 18.1x 166x
FCF Yield 0.91% 1.62% 8.42% 4.78% 5.54% 0.6%
Dividend per Share 2 0.85 0.85 0.85 0.85 0.85 9.55
Rate of return 0.29% 0.35% 0.43% 0.4% 0.52% 6.39%
EPS 2 8.015 10.98 14.36 17.51 13.18 10.28
Distribution rate 10.6% 7.74% 5.92% 4.85% 6.45% 92.9%
Net sales 1 298.1 377.2 475.5 533.1 489.6 494.1
EBITDA 1 60.42 79.91 111.5 122.4 94.2 78.58
EBIT 1 50.53 69.24 100.9 111.4 80.28 63.31
Net income 1 40.08 54.91 71.78 87.57 65.92 51.38
Net Debt 1 -113.1 -119.8 -157.3 -159 -140.4 -98.93
Reference price 2 296.00 242.00 197.00 215.00 162.50 149.50
Nbr of stocks (in thousands) 5,000 5,000 5,000 5,000 5,000 5,000
Announcement Date 4/30/21 4/29/22 4/28/23 5/7/24 4/30/25 4/30/26
1EUR in Million2EUR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 1.02B
35.37x6.07x22.54x0.76% 121B
30.96x5.71x19.76x1.95% 38.77B
39.4x4.47x16.58x0.1% 33B
21.34x1.76x12.96x2.28% 30.34B
25.7x3.09x13.32x1.46% 27.28B
22.54x3.27x14.1x1.04% 27.48B
22.84x3.53x11.84x1.6% 26.09B
25.99x3.27x15.97x1.74% 24.16B
87.99x30.4x71.29x0.43% 20.69B
Average 34.68x 6.84x 22.04x 1.26% 35.02B
Weighted average by Cap. 33.81x 6.11x 21.09x 1.15%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Maschinenfabrik Berthold Hermle AG