Company Valuation: Recticel NV

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 974.8 868.4 592.6 589.8 553 718.7 - -
Change - -10.91% -31.76% -0.47% -6.24% 29.97% - -
Enterprise Value (EV) 1 1,123 1,117 430.7 515.4 525.6 730.3 711.9 681.2
Change - -0.51% -61.44% 19.68% 1.97% 38.96% -2.52% -4.32%
P/E 17.9x 13.6x 177x 32.8x 51.6x 84.8x 24.7x 19.6x
PBR 2.53x 1.98x 1.37x 1.33x 1.3x 1.76x 1.69x 1.61x
PEG - 0.8x -1.9x 0x -1.3x -4.1x 0x 0.7x
Capitalization / Revenue 0.94x 1.55x 1.12x 0.97x 0.84x 0.96x 0.88x 0.82x
EV / Revenue 1.09x 1.99x 0.81x 0.84x 0.8x 0.98x 0.87x 0.77x
EV / EBITDA 10.3x 18x 11x 10.4x 9.41x 10.9x 8.99x 7.66x
EV / EBIT 17x 25.9x 27.1x 27.2x 21.4x 21.5x 16.5x 13.1x
EV / FCF 11.1x 41.5x 15.2x -59.8x 240x -36.5x 23x 15.8x
FCF Yield 9.01% 2.41% 6.59% -1.67% 0.42% -2.74% 4.35% 6.31%
Dividend per Share 2 0.29 0.31 0.31 0.31 0.31 0.31 0.3125 0.32
Rate of return 1.66% 1.99% 2.92% 2.96% 3.16% 2.43% 2.45% 2.51%
EPS 2 0.98 1.14 0.06 0.32 0.19 0.1503 0.5156 0.6509
Distribution rate 29.6% 27.2% 517% 96.9% 163% 206% 60.6% 49.2%
Net sales 1 1,033 561.5 529.4 610.2 655.1 745.9 819.5 880.5
EBITDA 1 109.2 62.2 39.15 49.61 55.85 67.18 79.2 88.92
EBIT 1 66.1 43.11 15.9 18.93 24.56 33.9 43.03 51.87
Net income 1 53.52 63.18 3.31 18.13 10.2 22.5 31.03 38.3
Net Debt 1 147.8 248.4 -161.9 -74.38 -27.42 11.59 -6.784 -37.57
Reference price 2 17.52 15.54 10.60 10.48 9.80 12.74 12.74 12.74
Nbr of stocks (in thousands) 55,637 55,882 55,904 56,279 56,426 56,415 - -
Announcement Date 2/25/22 2/28/23 2/29/24 3/4/25 2/27/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
86.08x0.99x11.04x2.16% 846M
27.83x4.31x13.84x2.08% 127B
17.68x6.36x34.58x2.72% 59.3B
58.23x1.35x9.51x5.96% 39.55B
12.24x1.24x6.71x2.76% 35.02B
10.01x3.24x7.61x4.34% 26.2B
9.1x0.9x5.52x4.15% 21.5B
19.51x0.86x6.56x1.19% 20.45B
10.95x1x8.05x3.83% 19.26B
72.62x13.18x47.94x0.07% 19.73B
Average 32.42x 3.34x 15.14x 2.93% 36.91B
Weighted average by Cap. 26.81x 3.86x 16.22x 2.88%

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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  4. Valuation Recticel NV