Company Valuation: SAF-Holland SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 558.3 400.2 690 670.9 688.9 908.6 - -
Change - -28.33% 72.43% -2.76% 2.68% 31.88% - -
Enterprise Value (EV) 1 756.4 910.7 1,140 1,144 1,194 1,328 1,259 1,196
Change - 20.41% 25.19% 0.37% 4.35% 11.24% -5.23% -5.04%
P/E 15.2x 6.53x 8.64x 8.69x 13.7x 12.8x 10.6x 9.75x
PBR 1.51x 0.91x 1.46x 1.28x 1.41x 1.7x 1.56x 1.46x
PEG - 0.1x 0.3x -2.55x -0.4x 0.3x 0.5x 1.1x
Capitalization / Revenue 0.45x 0.26x 0.33x 0.36x 0.4x 0.5x 0.47x 0.46x
EV / Revenue 0.61x 0.58x 0.54x 0.61x 0.69x 0.73x 0.66x 0.6x
EV / EBITDA 5.73x 5.6x 4.32x 4.44x 5.17x 5.66x 4.93x 4.4x
EV / EBIT 8.12x 7.31x 5.64x 6.01x 7.28x 7.7x 6.67x 6.08x
EV / FCF 50.4x 7.77x 8.08x 7.99x 11x 17x 13.4x 12.8x
FCF Yield 1.98% 12.9% 12.4% 12.5% 9.07% 5.88% 7.47% 7.79%
Dividend per Share 2 0.35 0.6 0.85 0.85 0.65 0.8197 0.9776 1.018
Rate of return 2.85% 6.81% 5.59% 5.75% 4.25% 4.03% 4.8% 5%
EPS 2 0.81 1.35 1.76 1.7 1.12 1.595 1.916 2.086
Distribution rate 43.2% 44.4% 48.3% 50% 58% 51.4% 51% 48.8%
Net sales 1 1,247 1,565 2,106 1,877 1,734 1,808 1,915 1,977
EBITDA 1 132.1 162.7 264.1 258 231.1 234.5 255.4 271.9
EBIT 1 93.13 124.6 202.1 190.4 164 172.5 188.7 196.6
Net income 1 36.74 61.08 79.93 77.35 50.95 73.49 88.41 95.98
Net Debt 1 198 510.6 450.2 473.5 505.3 419.8 350.4 287
Reference price 2 12.30 8.82 15.20 14.78 15.30 20.35 20.35 20.35
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.46x1.03x5.61x4.12% 3.91B
11.71x0.46x2.82x3.39% 2.65B
63.03x - - 0.34% 2.34B
8.63x0.31x3.17x4.46% 2.14B
5.15x0.83x4.61x8.49% 1.24B
Average 19.39x 0.66x 4.05x 4.16% 2.46B
Weighted average by Cap. 19.24x 0.70x 4.21x 3.74%

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