Company Valuation: MAX Automation SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 129.6 199.2 238.4 253.2 166.2 134.5 - -
Change - 53.68% 19.67% 6.23% -34.36% -19.11% - -
Enterprise Value (EV) 1 202.7 199.2 350.1 311.4 197.3 169.5 166.1 160.4
Change - -1.73% 75.77% -11.06% -36.65% -14.1% -1.99% -3.4%
P/E -88x 12.4x 15.6x 4.18x -36.6x -107x 25.6x 16.2x
PBR 3.26x - 2.08x 1.28x 0.86x 0.7x 0.67x 0.7x
PEG - -0x -3.04x 0x 0x 1.5x -0x 0.3x
Capitalization / Revenue 0.37x 0.49x 0.6x 0.69x 0.5x 0.41x 0.38x 0.37x
EV / Revenue 0.58x 0.49x 0.88x 0.85x 0.59x 0.52x 0.47x 0.44x
EV / EBITDA 7.89x 6.08x 10.1x 10.6x 12.7x 9.68x 6.46x 5.62x
EV / EBIT 17.5x 9.06x 18.3x 17.7x 64.2x 20.2x 9.33x 7.02x
EV / FCF 8.79x - 42.1x 35.8x 6.59x 1,695x 24.2x 14.7x
FCF Yield 11.4% - 2.37% 2.79% 15.2% 0.06% 4.12% 6.79%
Dividend per Share 2 - - - - - - 0.05 0.1
Rate of return - - - - - - 1.53% 3.07%
EPS 2 -0.05 0.39 0.37 1.47 -0.11 -0.0305 0.1273 0.2018
Distribution rate - - - - - - 39.3% 49.6%
Net sales 1 349.1 409.2 397.4 366 334.5 328.2 351.2 366.2
EBITDA 1 25.7 32.74 34.56 29.28 15.56 17.5 25.71 28.57
EBIT 1 11.6 21.99 19.16 17.57 3.071 8.4 17.8 22.85
Net income 1 -1.401 14.69 15.17 60.54 -4.449 -1.302 5.19 8.337
Net Debt 1 73.09 - 111.8 58.19 31.06 35.01 31.64 25.99
Reference price 2 4.400 4.830 5.780 6.140 4.030 3.260 3.260 3.260
Nbr of stocks (in thousands) 29,459 41,243 41,243 41,243 41,243 41,243 - -
Announcement Date 3/17/22 3/16/23 3/12/24 3/20/25 3/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.16x5.29x19.2x0.86% 119B
26.49x4.86x17.01x2.27% 34.79B
20.56x1.76x12.66x2.29% 29.91B
28.35x3.8x14.37x0.12% 27.87B
19x3.23x10.33x1.6% 26.57B
105.03x36.98x81.03x0.4% 25.57B
20.7x3x12.96x1.13% 25.24B
23.48x2.87x12.35x1.61% 25.11B
25.6x3.2x15.65x1.78% 22.87B
Average 33.26x 7.22x 21.73x 1.34% 37.44B
Weighted average by Cap. 32.07x 6.56x 20.77x 1.23%

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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  5. Valuation MAX Automation SE
-40%: Exceptional extension
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