Company Valuation: Mersen

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 766.3 778 851.6 501.8 580.7 937.2 - -
Change - 1.52% 9.47% -41.08% 15.72% 61.39% - -
Enterprise Value (EV) 1 1,012 1,074 1,064 872.1 963.2 1,345 1,310 1,267
Change - 6.12% -0.91% -18.05% 10.44% 39.68% -2.6% -3.34%
P/E 14.3x 11.8x 10.3x 8.69x 41.8x 14.3x 11.5x 9.72x
PBR 1.28x 1.19x 1.08x 0.61x 0.74x 1.14x 1.07x 0.99x
PEG - 0.5x 1.57x -0.3x -0.6x 0x 0.5x 0.5x
Capitalization / Revenue 0.83x 0.7x 0.7x 0.4x 0.49x 0.76x 0.71x 0.65x
EV / Revenue 1.1x 0.96x 0.88x 0.7x 0.81x 1.09x 0.99x 0.88x
EV / EBITDA 6.8x 5.76x 5.25x 4.24x 5.06x 6.67x 5.73x 4.97x
EV / EBIT 10.9x 8.83x 7.75x 6.65x 8.83x 11.6x 9.62x 8.15x
EV / FCF 42x 129x 355x -84.7x 161x 40.6x 20.5x 16.3x
FCF Yield 2.38% 0.77% 0.28% -1.18% 0.62% 2.47% 4.89% 6.12%
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% 2.44% 2.97% 3.54%
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 38.56 38.56 38.56
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.25x1.09x6.67x2.44% 1.05B
24.5x2.92x16x2.1% 229B
13x1.57x7.07x3.93% 187B
26.2x3.42x15.72x1.84% 160B
34.79x5.17x21.7x1.13% 152B
40.33x5.36x24.08x1.24% 131B
30.69x4.41x21.64x0.88% 102B
90.53x11.21x64.06x0.35% 93.7B
32.89x5.29x18.42x1.38% 89.55B
30.97x3.86x20.72x1.1% 89.78B
Average 33.81x 4.43x 21.61x 1.64% 123.58B
Weighted average by Cap. 32.51x 4.30x 20.79x 1.77%

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