Company Valuation: SAF-Holland SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 558.3 400.2 690 670.9 688.9 959.9 - -
Change - -28.33% 72.43% -2.76% 2.68% 39.34% - -
Enterprise Value (EV) 1 756.4 910.7 1,140 1,144 1,194 1,384 1,321 1,272
Change - 20.41% 25.19% 0.37% 4.35% 15.88% -4.55% -3.71%
P/E 15.2x 6.53x 8.64x 8.69x 13.7x 12.9x 11x 10.1x
PBR 1.51x 0.91x 1.46x 1.28x 1.41x 1.81x 1.66x 1.56x
PEG - 0.1x 0.3x -2.55x -0.4x 0.3x 0.6x 1.12x
Capitalization / Revenue 0.45x 0.26x 0.33x 0.36x 0.4x 0.53x 0.5x 0.49x
EV / Revenue 0.61x 0.58x 0.54x 0.61x 0.69x 0.76x 0.69x 0.64x
EV / EBITDA 5.73x 5.6x 4.32x 4.44x 5.17x 5.86x 5.15x 4.66x
EV / EBIT 8.12x 7.31x 5.64x 6.01x 7.28x 7.99x 6.95x 6.42x
EV / FCF 50.4x 7.77x 8.08x 7.99x 11x 16.7x 13.2x 12.4x
FCF Yield 1.98% 12.9% 12.4% 12.5% 9.07% 6% 7.58% 8.07%
Dividend per Share 2 0.35 0.6 0.85 0.85 0.65 0.8537 0.9925 1.035
Rate of return 2.85% 6.81% 5.59% 5.75% 4.25% 3.97% 4.62% 4.81%
EPS 2 0.81 1.35 1.76 1.7 1.12 1.663 1.949 2.126
Distribution rate 43.2% 44.4% 48.3% 50% 58% 51.3% 50.9% 48.7%
Net sales 1 1,247 1,565 2,106 1,877 1,734 1,811 1,917 1,978
EBITDA 1 132.1 162.7 264.1 258 231.1 236.2 256.4 273.1
EBIT 1 93.13 124.6 202.1 190.4 164 173.1 189.9 198.3
Net income 1 36.74 61.08 79.93 77.35 50.95 75.71 88.35 95.67
Net Debt 1 198 510.6 450.2 473.5 505.3 423.9 360.9 312
Reference price 2 12.30 8.82 15.20 14.78 15.30 21.50 21.50 21.50
Nbr of stocks (in thousands) 45,394 45,394 45,394 45,394 45,028 44,647 - -
Announcement Date 3/17/22 3/30/23 3/14/24 3/21/25 3/18/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.06x1.09x5.95x3.8% 4.19B
12.27x0.48x2.97x3.23% 2.83B
67.06x - - 0.32% 2.5B
8.57x0.31x3.19x4.08% 2.11B
12.93x0.76x5.86x3.97% 1.11B
4.2x0.71x3.99x10.33% 958M
Average 19.02x 0.67x 4.39x 4.29% 2.28B
Weighted average by Cap. 20.22x 0.73x 4.50x 3.56%

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