Company Valuation: Mersen

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 766.3 778 851.6 501.8 580.7 999.9 - -
Change - 1.52% 9.47% -41.08% 15.72% 72.19% - -
Enterprise Value (EV) 1 1,012 1,074 1,064 872.1 963.2 1,408 1,373 1,329
Change - 6.12% -0.91% -18.05% 10.44% 46.19% -2.49% -3.19%
P/E 14.3x 11.8x 10.3x 8.69x 41.8x 15.2x 12.3x 10.4x
PBR 1.28x 1.19x 1.08x 0.61x 0.74x 1.22x 1.14x 1.06x
PEG - 0.5x 1.57x -0.3x -0.6x 0x 0.5x 0.6x
Capitalization / Revenue 0.83x 0.7x 0.7x 0.4x 0.49x 0.81x 0.75x 0.69x
EV / Revenue 1.1x 0.96x 0.88x 0.7x 0.81x 1.14x 1.03x 0.92x
EV / EBITDA 6.8x 5.76x 5.25x 4.24x 5.06x 6.98x 6.01x 5.22x
EV / EBIT 10.9x 8.83x 7.75x 6.65x 8.83x 12.1x 10.1x 8.55x
EV / FCF 42x 129x 355x -84.7x 161x 42.4x 21.4x 17.1x
FCF Yield 2.38% 0.77% 0.28% -1.18% 0.62% 2.36% 4.66% 5.83%
Dividend per Share 2 1 1.25 1.25 0.9 0.9 0.94 1.144 1.364
Rate of return 2.71% 3.31% 3.55% 4.37% 3.77% 2.28% 2.78% 3.32%
EPS 2 2.58 3.21 3.42 2.37 0.57 2.705 3.339 3.968
Distribution rate 38.8% 38.9% 36.5% 38% 158% 34.7% 34.3% 34.4%
Net sales 1 922.8 1,115 1,211 1,244 1,186 1,236 1,329 1,440
EBITDA 1 148.8 186.4 202.7 205.5 190.4 201.8 228.5 254.7
EBIT 1 92.6 121.6 137.3 131.1 109.1 116 136.2 155.4
Net income 1 54.4 67.7 81.6 59 14.1 64.25 77.62 92.25
Net Debt 1 245.7 296 212.5 370.3 382.5 408.2 373.2 329.4
Reference price 2 36.90 37.75 35.20 20.60 23.85 41.14 41.14 41.14
Nbr of stocks (in thousands) 20,768 20,608 24,194 24,360 24,347 24,304 - -
Announcement Date 3/16/22 3/14/23 3/12/24 3/13/25 3/31/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.38x2.91x15.89x2.12% 227B
13.92x1.71x7.73x3.67% 201B
37.79x5.56x23.44x1.04% 165B
48.11x6.44x28.85x1.03% 160B
27.29x3.56x16.32x1.79% 165B
31.06x4.47x21.88x0.87% 103B
96.27x11.92x68.16x0.33% 99.23B
40.34x6.64x26.64x0.1% 93.83B
32.18x4x21.44x1.06% 93.28B
Average 39.04x 5.24x 25.59x 1.33% 145.2B
Weighted average by Cap. 35.42x 4.73x 22.84x 1.59%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Mersen

Historical PBR trend

Valuation ratios - PBR - Mersen

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Mersen

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Mersen


Year-on-year evolution of the Yield

Valuation ratios - Yield - Mersen