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 3,255 - -
Change - -47.25% -10.8% -13.42% -50.49% 0.35% - -
Enterprise Value (EV) 1 16,415 9,126 8,605 7,901 5,536 4,748 4,671 4,514
Change - -44.4% -5.7% -8.18% -29.94% -14.22% -1.64% -3.35%
P/E 51.9x 24x 24.9x 23.5x -5.09x -15x 59.1x 18.3x
PBR 7.27x 3.44x 2.96x 2.33x 1.86x 2.04x 1.99x 1.81x
PEG - 1.7x -1.8x -3.41x 0x 0.2x -0x 0x
Capitalization / Revenue 2.36x 1x 0.88x 0.74x 0.44x 0.47x 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 15.1x 7.64x 5.78x
EV / EBIT 29.5x 14.2x 13.8x 12.7x -15.5x -63.6x 22.4x 12.2x
EV / FCF 63.7x 59x 24.4x 18.3x -10.5x 27.4x 27.3x 17.3x
FCF Yield 1.57% 1.7% 4.1% 5.46% -9.49% 3.65% 3.66% 5.77%
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% 1.37%
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 1 862.8 999.3 967.1 970.7 116 315.3 611 781.1
EBIT 1 557.1 640.6 621.6 622 -357.2 -74.72 208.2 371.4
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 22.14 22.14 22.14
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.($)
-15.16x0.69x15.15x-.--% 3.74B
17.8x2.69x8.9x3.29% 223B
18.25x2.41x12.19x1.14% 20.11B
18.77x3.58x8.84x3.11% 13.73B
10.62x0.92x4.71x-.--% 11.32B
16.95x1.98x7.81x2.2% 8.55B
12.72x1.3x8.51x3.04% 7.55B
9.35x1.22x5.33x8.39% 5.96B
Average 11.16x 1.85x 8.93x 2.65% 36.74B
Weighted average by Cap. 16.85x 2.53x 8.92x 3.03%

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