Company Valuation: Recticel NV

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 974.8 868.4 592.6 589.8 553 685 - -
Change - -10.91% -31.76% -0.47% -6.24% 23.88% - -
Enterprise Value (EV) 1 1,123 1,117 430.7 515.4 525.6 696.6 679.3 651.9
Change - -0.51% -61.44% 19.68% 1.97% 32.54% -2.49% -4.02%
P/E 17.9x 13.6x 177x 32.8x 51.6x 30.7x 23.5x 18.7x
PBR 2.53x 1.98x 1.37x 1.33x 1.3x 1.62x 1.56x 1.49x
PEG - 0.8x -1.9x 0x -1.3x 0x 0.8x 0.7x
Capitalization / Revenue 0.94x 1.55x 1.12x 0.97x 0.84x 0.93x 0.85x 0.79x
EV / Revenue 1.09x 1.99x 0.81x 0.84x 0.8x 0.95x 0.84x 0.75x
EV / EBITDA 10.3x 18x 11x 10.4x 9.41x 10.5x 8.74x 7.46x
EV / EBIT 17x 25.9x 27.1x 27.2x 21.4x 20.6x 16.1x 12.8x
EV / FCF 11.1x 41.5x 15.2x -59.8x 240x -38.7x 29.5x 14.5x
FCF Yield 9.01% 2.41% 6.59% -1.67% 0.42% -2.58% 3.39% 6.9%
Dividend per Share 2 0.29 0.31 0.31 0.31 0.31 0.31 0.3125 0.306
Rate of return 1.66% 1.99% 2.92% 2.96% 3.16% 2.55% 2.57% 2.52%
EPS 2 0.98 1.14 0.06 0.32 0.19 0.3953 0.5156 0.6509
Distribution rate 29.6% 27.2% 517% 96.9% 163% 78.4% 60.6% 47%
Net sales 1 1,033 561.5 529.4 610.2 655.1 736.9 804.8 864.4
EBITDA 1 109.2 62.2 39.15 49.61 55.85 66.11 77.73 87.43
EBIT 1 66.1 43.11 15.9 18.93 24.56 33.79 42.14 51.01
Net income 1 53.52 63.18 3.31 18.13 10.2 23.83 31.57 38.83
Net Debt 1 147.8 248.4 -161.9 -74.38 -27.42 11.57 -5.756 -33.06
Reference price 2 17.52 15.54 10.60 10.48 9.80 12.14 12.14 12.14
Nbr of stocks (in thousands) 55,637 55,882 55,904 56,279 56,426 56,426 - -
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.($)
30.71x0.95x10.54x2.55% 781M
27.3x4.28x13.81x2.09% 126B
14.32x4.29x29.6x2.76% 38.46B
51.29x1.37x8.67x6.12% 40.99B
12.59x1.22x6.92x2.43% 34.32B
10.37x3.06x7.57x4.27% 24.65B
6.26x0.83x5.5x4.74% 18.79B
16.36x - - - 18.4B
67.8x12.06x44.66x0.08% 17.28B
10.15x0.89x7.91x3.46% 17B
Average 24.71x 3.21x 15.02x 3.17% 33.62B
Weighted average by Cap. 25.44x 3.51x 14.69x 3.02%

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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