Company Valuation: NEURONES

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 920.3 950.8 1,062 1,067 1,047 864 - -
Change - 3.32% 11.69% 0.47% -1.89% -17.46% - -
Enterprise Value (EV) 1 655.7 679 771.5 747.4 710.1 532.5 500.2 463
Change - 3.56% 13.62% -3.13% -4.99% -25.01% -6.07% -7.44%
P/E 24.5x 21.6x 21.6x 20.3x 20.1x 15.5x 14.1x 12.8x
PBR 2.95x 2.87x 3x 2.82x 2.62x 2.09x 1.97x 1.84x
PEG - 1.2x 1.9x 3.17x -21.71x 1.76x 1.3x 1.28x
Capitalization / Revenue 1.59x 1.43x 1.43x 1.32x 1.22x 0.96x 0.91x 0.87x
EV / Revenue 1.13x 1.02x 1.04x 0.92x 0.83x 0.59x 0.53x 0.47x
EV / EBITDA 8.6x 7.59x 8.33x 7.82x 7.46x 5.24x 4.5x 3.84x
EV / EBIT 10.6x 9.31x 10.2x 9.59x 9.39x 6.54x 5.55x 4.67x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1 1 1.2 1.3 1.4 1.5 1.6 1.7
Rate of return 2.63% 2.55% 2.74% 2.96% 3.25% 4.14% 4.42% 4.7%
EPS 2 1.55 1.82 2.03 2.16 2.14 2.328 2.576 2.833
Distribution rate 64.5% 54.9% 59.1% 60.2% 65.4% 64.4% 62.1% 60%
Net sales 1 579.9 665.4 741.2 810.4 857.2 904.3 949.6 992.3
EBITDA 1 76.28 89.44 92.61 95.58 95.14 101.6 111.1 120.7
EBIT 1 61.6 72.9 75.9 77.9 75.6 81.39 90.21 99.23
Net income 1 37.7 44.3 49.4 52.5 52.1 56.76 62.8 69.06
Net Debt 1 -264.6 -271.8 -290.4 -319.5 -336.6 -331.5 -363.8 -401
Reference price 2 38.00 39.25 43.75 43.95 43.05 36.20 36.20 36.20
Nbr of stocks (in thousands) 24,218 24,224 24,272 24,274 24,313 23,867 - -
Announcement Date 2/9/22 2/8/23 3/6/24 3/5/25 3/11/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.55x0.59x5.24x4.14% 1B
22.72x3.71x12.97x2.92% 218B
13.97x1.54x8.09x3.43% 115B
-111.87x17.78x102.83x-.--% 111B
15.33x2.81x10.59x5.36% 90.31B
20.61x5.4x13.26x2.76% 62.19B
15.15x2.21x9.38x5.14% 49.33B
22.27x1.83x11.26x1.36% 42.77B
21.73x1.65x10.48x0.85% 41.47B
18.65x2.39x11.23x4.68% 38.53B
Average 5.41x 3.99x 19.53x 3.07% 76.96B
Weighted average by Cap. 0.21x 5.06x 24.37x 2.88%

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