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 3,508 - -
Change - -47.25% -10.8% -13.42% -50.49% 8.16% - -
Enterprise Value (EV) 1 16,415 9,126 8,605 7,901 5,536 4,918 4,828 4,685
Change - -44.4% -5.7% -8.18% -29.94% -11.16% -1.83% -2.97%
P/E 51.9x 24x 24.9x 23.5x -5.09x -16.2x 61.1x 19.4x
PBR 7.27x 3.44x 2.96x 2.33x 1.86x 2.19x 2.14x 1.94x
PEG - 1.7x -1.8x -3.41x 0x 0.2x -0x 0x
Capitalization / Revenue 2.36x 1x 0.88x 0.74x 0.44x 0.51x 0.48x 0.45x
EV / Revenue 2.41x 1.08x 1x 0.9x 0.76x 0.71x 0.66x 0.6x
EV / EBITDA 19x 9.13x 8.9x 8.14x 47.7x 15.4x 7.79x 5.96x
EV / EBIT 29.5x 14.2x 13.8x 12.7x -15.5x -71.6x 21.5x 12.2x
EV / FCF 63.7x 59x 24.4x 18.3x -10.5x 197x 83.2x 27x
FCF Yield 1.57% 1.7% 4.1% 5.46% -9.49% 0.51% 1.2% 3.7%
Dividend per Share 2 0.72 0.82 0.82 0.61 - - 0.074 0.3093
Rate of return 0.67% 1.45% 1.62% 1.38% - - 0.31% 1.3%
EPS 2 2.07 2.36 2.03 1.89 -4.38 -1.475 0.39 1.228
Distribution rate 34.8% 34.7% 40.4% 32.3% - - 19% 25.2%
Net sales 1 6,805 8,465 8,602 8,817 7,296 6,924 7,327 7,823
EBITDA 1 862.8 999.3 967.1 970.7 116 318.9 620.1 786.5
EBIT 1 557.1 640.6 621.6 622 -357.2 -68.64 224.4 385.3
Net income 1 309.6 353.5 304.9 281.6 -645.5 -217.2 57.35 180.7
Net Debt 1 334.4 643.1 1,039 1,350 2,292 1,410 1,320 1,177
Reference price 2 107.50 56.70 50.52 44.36 22.30 23.83 23.83 23.83
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.($)
-16.16x0.71x15.42x-.--% 4.08B
19.09x2.91x9.63x3.05% 246B
19x2.5x12.67x1.1% 20.93B
19.21x3.68x9.06x3.03% 14.49B
10.08x0.9x4.65x-.--% 11.14B
19.61x2.21x8.68x1.9% 9.89B
13.67x1.38x9.05x2.84% 8.1B
10.18x1.33x5.79x7.68% 6.45B
Average 11.84x 1.95x 9.37x 2.45% 40.12B
Weighted average by Cap. 18.03x 2.73x 9.58x 2.83%

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