Company Valuation: NV Bekaert SA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,241 1,913 2,646 1,742 1,876 1,801 - -
Change - -14.64% 38.34% -34.19% 7.7% -4% - -
Enterprise Value (EV) 1 2,675 2,416 2,912 2,037 2,065 2,026 1,944 1,857
Change - -9.68% 20.54% -30.04% 1.33% -1.85% -4.07% -4.47%
P/E 5.48x 7.65x 9.86x 7.35x 28.5x 10x 8.82x 8.2x
PBR 1.13x 1.02x 1.21x 0.8x 0.94x 0.88x 0.84x 0.79x
PEG - -0.2x -23.37x -2.04x -0.4x 0x 0.6x 1.1x
Capitalization / Revenue 0.46x 0.34x 0.61x 0.44x 0.51x 0.49x 0.48x 0.46x
EV / Revenue 0.55x 0.43x 0.67x 0.51x 0.56x 0.55x 0.52x 0.48x
EV / EBITDA 3.88x 3.69x 5.19x 3.92x 4.4x 4.45x 4x 3.61x
EV / EBIT 5.2x 5.27x 7.5x 5.85x 6.96x 7.07x 6.21x 5.51x
EV / FCF 10.1x 13.9x 12.7x 13.4x 6.58x 7.18x 8.84x 8.02x
FCF Yield 9.9% 7.17% 7.89% 7.47% 15.2% 13.9% 11.3% 12.5%
Dividend per Share 2 1.5 1.65 1.8 1.9 1.95 2.017 2.058 2.092
Rate of return 3.83% 4.55% 3.87% 5.68% 5.15% 5.4% 5.51% 5.6%
EPS 2 7.14 4.74 4.72 4.55 1.33 3.725 4.236 4.553
Distribution rate 21% 34.8% 38.1% 41.8% 147% 54.1% 48.6% 45.9%
Net sales 1 4,840 5,652 4,328 3,958 3,700 3,657 3,774 3,883
EBITDA 1 689 654 561.1 520.1 469 455.5 486.1 514.2
EBIT 1 514.6 458.6 388.3 348.2 296.7 286.5 312.9 337.3
Net income 1 407 268.9 252.9 238.9 67.36 188 216.1 236.4
Net Debt 1 434 503.1 266 295.8 188.8 225.6 143.1 56.28
Reference price 2 39.14 36.28 46.52 33.46 37.90 37.35 37.35 37.35
Nbr of stocks (in thousands) 57,260 52,730 56,889 52,052 49,493 48,211 - -
Announcement Date 2/25/22 3/1/23 3/1/24 2/28/25 2/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.69x1.82x10.03x0.56% 32.38B
13.46x0.47x4.66x4.54% 18.93B
19.86x1.92x9.96x0.22% 11.96B
9.25x0.67x4.36x4.46% 11.37B
9.98x - - - 10.13B
55.85x4.91x27.83x0.48% 9.71B
11.38x0.82x5.85x4.3% 9.49B
86.9x1.54x16.48x0.64% 9.11B
Average 28.42x 1.73x 11.31x 2.17% 14.14B
Weighted average by Cap. 24.85x 1.63x 10.27x 2.03%

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

40% Discount: Identify Tomorrow's Best Investments With The Best Subscriber-Only Tools!
d
:
:
SEIZE THE OFFER!