Company Valuation: MBB SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 817.5 536.7 539.1 543.1 1,117 921.4 - -
Change - -34.34% 0.43% 0.75% 105.73% -17.53% - -
Enterprise Value (EV) 1 484.2 91.54 63.76 -10.78 353.5 228.9 173.9 183.2
Change - -81.1% -30.34% -116.91% 3,378.34% -35.25% -24.03% 5.36%
P/E -70.3x 41.9x 44.9x 14.4x 21.7x 18.4x 16.2x 13.3x
PBR 1.39x 1.01x 0.97x 0.97x 1.67x 0.91x 0.84x 0.83x
PEG - -0x -10.93x 0x 0.6x 349.97x 1.2x 0.6x
Capitalization / Revenue 1.2x 0.6x 0.56x 0.51x 0.95x 0.78x 0.72x 0.67x
EV / Revenue 0.71x 0.1x 0.07x -0.01x 0.3x 0.19x 0.14x 0.13x
EV / EBITDA 8.66x 1.04x 0.82x -0.07x 1.62x 1.02x 0.73x 0.73x
EV / EBIT 25.5x 2.05x 1.88x -0.11x 2.15x 1.33x 0.94x 0.95x
EV / FCF 16.4x -10.2x 0.82x -0.08x 2.06x 2.3x 1.77x 1.73x
FCF Yield 6.1% -9.76% 123% -1,277% 48.5% 43.4% 56.3% 57.7%
Dividend per Share 2 0.99 0.99 1.01 1.11 1.21 1.233 1.35 1.39
Rate of return 0.72% 1.08% 1.07% 1.11% 0.59% 0.7% 0.77% 0.79%
EPS 2 -1.96 2.19 2.1 6.93 9.51 9.515 10.8 13.17
Distribution rate -50.5% 45.2% 48.1% 16% 12.7% 13% 12.5% 10.6%
Net sales 1 680.3 896.5 954.6 1,068 1,170 1,181 1,273 1,368
EBITDA 1 55.9 87.98 78.19 145.7 217.8 224.7 238.6 252.2
EBIT 1 19 44.57 33.92 99.04 164.5 172.6 185.8 193.4
Net income 1 -11.57 11.76 12.15 37.66 50.78 51.3 58.25 71.6
Net Debt 1 -333.3 -445.2 -475.3 -553.9 -763.8 -692.5 -747.5 -738.2
Reference price 2 137.80 91.80 94.30 99.90 206.50 175.40 175.40 175.40
Nbr of stocks (in thousands) 5,932 5,847 5,716 5,436 5,411 5,253 - -
Announcement Date 3/31/22 3/30/23 3/26/24 3/31/25 3/31/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
56.12x2.59x24.69x0.07% 97.59B
12.25x1.05x5.75x4.77% 70.29B
34.15x4.3x23.32x0.2% 58.29B
26.07x2.01x19.74x1.13% 55.68B
50.74x4.04x25.56x1.91% 39.91B
27.22x0.68x11.26x2.27% 34.06B
23.27x1.59x14.65x0.2% 33.62B
21.85x0.44x6.92x2.78% 29.56B
4.92x0.31x5.78x5.98% 26.22B
Average 28.51x 1.89x 15.30x 2.15% 49.47B
Weighted average by Cap. 32.09x 2.13x 16.90x 1.83%

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