Company Valuation: OVB Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 356.3 313.5 267.9 285 287.9 266.5 - -
Change - -12% -14.55% 6.38% 1% -7.43% - -
Enterprise Value (EV) 1 227.4 191 147.1 152.2 151.9 136.5 132.5 127.5
Change - -15.98% -22.98% 3.41% -0.15% -10.15% -2.93% -3.77%
P/E 22.7x 21.4x 18.8x 14.8x 33.7x 20.2x 16.3x 14.7x
PBR 3.91x 3.37x 2.82x 2.82x 2.99x 2.72x 2.62x 2.53x
PEG - -3.36x -6.45x 0.4x -0.6x 0.4x 0.7x 1.3x
Capitalization / Revenue 1.07x 0.9x 0.73x 0.68x 0.63x 0.57x 0.55x 0.53x
EV / Revenue 0.69x 0.55x 0.4x 0.36x 0.33x 0.29x 0.27x 0.25x
EV / EBITDA 7.71x 6.26x 5.64x 4.97x 6.75x 4.97x 4.07x 3.55x
EV / EBIT 10.4x 8.68x 8.27x 7.49x 14.3x 8.86x 6.78x 5.82x
EV / FCF 7.25x 13.7x 14.8x 6.87x 10.3x 12.6x 11.3x 8.79x
FCF Yield 13.8% 7.28% 6.76% 14.6% 9.72% 7.91% 8.83% 11.4%
Dividend per Share 2 0.9 0.9 0.9 1 0.75 0.785 0.98 1.025
Rate of return 3.6% 4.09% 4.79% 5% 3.71% 4.2% 5.24% 5.48%
EPS 2 1.1 1.03 1 1.35 0.6 0.925 1.145 1.27
Distribution rate 81.8% 87.4% 90% 74.1% 125% 84.9% 85.6% 80.7%
Net sales 1 331.7 346.9 367.7 420.5 454.2 464.3 486.9 506.2
EBITDA 1 29.5 30.51 26.08 30.61 22.5 27.47 32.56 35.96
EBIT 1 21.77 22.01 17.8 20.32 10.59 15.4 19.54 21.9
Net income 1 15.72 14.67 14.3 19.22 8.571 13.35 16.19 18.23
Net Debt 1 -128.9 -122.5 -120.8 -132.9 -136 -130 -134 -139
Reference price 2 25.00 22.00 18.80 20.00 20.20 18.70 18.70 18.70
Nbr of stocks (in thousands) 14,251 14,251 14,251 14,251 14,251 14,251 - -
Announcement Date 3/23/22 3/29/23 3/21/24 3/28/25 3/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.76x0.31x5.23x4.09% 316M
15.12x3.65x - 2.34% 162B
19.43x5.52x11.82x2.15% 165B
17.11x7.55x - 1.46% 107B
22.63x11.8x20.25x4.31% 74.48B
14.06x5.35x - 1.86% 51.69B
12.25x1.89x5.79x1.2% 49.34B
5.07x5.25x3.78x3.6% 35.54B
14.26x5.22x16.27x1.85% 33.24B
Average 15.63x 5.17x 10.52x 2.54% 75.43B
Weighted average by Cap. 16.45x 5.77x 12.35x 2.29%

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

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