Company Valuation: PUMA SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 16,080 8,483 7,566 6,551 3,243 3,292 - -
Change - -47.25% -10.8% -13.42% -50.49% 1.48% - -
Enterprise Value (EV) 1 16,415 9,126 8,605 7,901 5,536 4,785 4,707 4,551
Change - -44.4% -5.7% -8.18% -29.94% -13.56% -1.63% -3.32%
P/E 51.9x 24x 24.9x 23.5x -5.09x -15.2x 59.7x 18.5x
PBR 7.27x 3.44x 2.96x 2.33x 1.86x 2.06x 2.02x 1.83x
PEG - 1.7x -1.8x -3.41x 0x 0.2x -0x 0x
Capitalization / Revenue 2.36x 1x 0.88x 0.74x 0.44x 0.48x 0.45x 0.42x
EV / Revenue 2.41x 1.08x 1x 0.9x 0.76x 0.69x 0.64x 0.58x
EV / EBITDA 19x 9.13x 8.9x 8.14x 47.7x 15.3x 7.75x 5.86x
EV / EBIT 29.5x 14.2x 13.8x 12.7x -15.5x -62.3x 22.9x 12.4x
EV / FCF 63.7x 59x 24.4x 18.3x -10.5x 27.6x 27.5x 17.5x
FCF Yield 1.57% 1.7% 4.1% 5.46% -9.49% 3.62% 3.63% 5.72%
Dividend per Share 2 0.72 0.82 0.82 0.61 - - 0.074 0.3029
Rate of return 0.67% 1.45% 1.62% 1.38% - - 0.33% 1.35%
EPS 2 2.07 2.36 2.03 1.89 -4.38 -1.471 0.3745 1.212
Distribution rate 34.8% 34.7% 40.4% 32.3% - - 19.8% 25%
Net sales 1 6,805 8,465 8,602 8,817 7,296 6,916 7,299 7,780
EBITDA 1 862.8 999.3 967.1 970.7 116 312.4 607.4 776.1
EBIT 1 557.1 640.6 621.6 622 -357.2 -76.78 205.5 367.9
Net income 1 309.6 353.5 304.9 281.6 -645.5 -216.7 55.06 178.1
Net Debt 1 334.4 643.1 1,039 1,350 2,292 1,494 1,416 1,259
Reference price 2 107.50 56.70 50.52 44.36 22.30 22.36 22.36 22.36
Nbr of stocks (in thousands) 149,584 149,606 149,767 147,676 145,446 147,209 - -
Announcement Date 2/23/22 3/1/23 2/9/24 3/12/25 2/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.81x2.69x8.9x3.29% 223B
19.32x2.54x12.87x1.08% 21.28B
18.44x3.52x8.69x3.16% 13.5B
10.52x0.91x4.66x-.--% 11.21B
12.79x1.31x8.55x3.03% 7.59B
15.06x1.83x7.21x2.48% 7.6B
9.24x1.21x5.26x8.48% 5.89B
Average 14.74x 2.00x 8.02x 3.07% 41.44B
Weighted average by Cap. 17.29x 2.56x 8.89x 3.08%

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