Company Valuation: Nexans

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,754 3,648 3,460 4,539 5,406 6,239 - -
Change - -2.82% -5.17% 31.2% 19.09% 15.41% - -
Enterprise Value (EV) 1 3,828 3,830 3,674 5,220 5,672 6,916 6,637 6,292
Change - 0.06% -4.09% 42.09% 8.65% 21.94% -4.04% -5.21%
P/E 23.5x 15.4x 16.1x 16.8x 16x 19.7x 16.2x 13.2x
PBR 2.59x 2.22x 2.04x 2.5x 2.83x 2.85x 2.55x 2.24x
PEG - 0.3x -1.6x 0.6x 0.6x -2.53x 0.7x 0.6x
Capitalization / Revenue 0.62x 0.54x 0.53x 0.64x 0.89x 0.93x 0.86x 0.82x
EV / Revenue 0.63x 0.57x 0.56x 0.74x 0.93x 1.03x 0.91x 0.83x
EV / EBITDA 8.27x 6.39x 5.63x 6.49x 7.8x 8.56x 7.07x 5.92x
EV / EBIT 12.8x 9.12x 8.5x 9.22x 12.9x 12.8x 10.2x 8.3x
EV / FCF 19.6x 15.6x 11.4x 13.1x 13.3x 21.9x 15.1x 11.6x
FCF Yield 5.09% 6.42% 8.79% 7.6% 7.49% 4.57% 6.64% 8.66%
Dividend per Share 2 1.2 2.1 2.3 2.6 2.9 3.127 3.493 3.806
Rate of return 1.4% 2.49% 2.9% 2.5% 2.31% 2.19% 2.45% 2.67%
EPS 2 3.66 5.47 4.92 6.2 7.84 7.23 8.799 10.81
Distribution rate 32.8% 38.4% 46.7% 41.9% 37% 43.2% 39.7% 35.2%
Net sales 1 6,054 6,745 6,512 7,078 6,098 6,730 7,270 7,598
EBITDA 1 463 599 652 804 727.6 808.3 939.1 1,063
EBIT 1 299 420 432 566 439 540.1 648.8 758.2
Net income 1 164 245 221 279 352 311.9 390.9 474.6
Net Debt 1 74 182 214 681 266 676.9 397.6 52.09
Reference price 2 85.85 84.45 79.25 104.20 125.80 142.70 142.70 142.70
Nbr of stocks (in thousands) 43,730 43,202 43,658 43,564 42,974 43,724 - -
Announcement Date 2/16/22 2/15/23 2/15/24 2/19/25 2/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.41x1.72x13.45x0.82% 42.08B
39.05x7.05x30.09x - 8.92B
19.74x1.03x8.56x2.19% 7.27B
15.07x0.38x6.06x0.81% 6.2B
18.5x2.2x12.51x1.6% 5.63B
59.31x4.37x42.36x0.11% 5.54B
Average 29.68x 2.79x 18.84x 1.11% 12.61B
Weighted average by Cap. 28.15x 2.40x 16.39x 0.97%

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