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 3,196 - -
Change - -47.25% -10.8% -13.42% -50.49% -1.47% - -
Enterprise Value (EV) 1 16,415 9,126 8,605 7,901 5,536 4,648 4,564 4,426
Change - -44.4% -5.7% -8.18% -29.94% -16.04% -1.8% -3.02%
P/E 51.9x 24x 24.9x 23.5x -5.09x -14.7x 56x 17.8x
PBR 7.27x 3.44x 2.96x 2.33x 1.86x 2x 1.95x 1.77x
PEG - 1.7x -1.8x -3.41x 0x 0.2x -0x 0x
Capitalization / Revenue 2.36x 1x 0.88x 0.74x 0.44x 0.46x 0.44x 0.41x
EV / Revenue 2.41x 1.08x 1x 0.9x 0.76x 0.67x 0.62x 0.57x
EV / EBITDA 19x 9.13x 8.9x 8.14x 47.7x 14.7x 7.41x 5.67x
EV / EBIT 29.5x 14.2x 13.8x 12.7x -15.5x -64.1x 21.1x 11.8x
EV / FCF 63.7x 59x 24.4x 18.3x -10.5x 34x 34x 17x
FCF Yield 1.57% 1.7% 4.1% 5.46% -9.49% 2.94% 2.94% 5.88%
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% - - 0.34% 1.4%
EPS 2 2.07 2.36 2.03 1.89 -4.38 -1.473 0.3874 1.221
Distribution rate 34.8% 34.7% 40.4% 32.3% - - 19.1% 24.8%
Net sales 1 6,805 8,465 8,602 8,817 7,296 6,912 7,305 7,792
EBITDA 1 862.8 999.3 967.1 970.7 116 315.2 616.3 781.1
EBIT 1 557.1 640.6 621.6 622 -357.2 -72.49 216.1 374.1
Net income 1 309.6 353.5 304.9 281.6 -645.5 -216.9 56.95 179.5
Net Debt 1 334.4 643.1 1,039 1,350 2,292 1,452 1,368 1,230
Reference price 2 107.50 56.70 50.52 44.36 22.30 21.71 21.71 21.71
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-14.73x0.67x14.74x-.--% 3.69B
18.49x2.82x9.31x3.16% 238B
18.34x2.42x12.24x1.14% 20.34B
18.71x3.58x8.84x3.12% 13.92B
10.28x0.89x4.55x-.--% 11.1B
17.78x2.05x8.08x2.1% 8.78B
13.09x1.33x8.72x2.96% 7.79B
10.19x1.33x5.81x7.67% 6.47B
Average 11.52x 1.89x 9.04x 2.52% 38.71B
Weighted average by Cap. 17.47x 2.64x 9.25x 2.93%

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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