Company Valuation: SAF-Holland SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 558.3 400.2 690 670.9 688.9 928.7 - -
Change - -28.33% 72.43% -2.76% 2.68% 34.8% - -
Enterprise Value (EV) 1 756.4 910.7 1,140 1,144 1,194 1,348 1,279 1,216
Change - 20.41% 25.19% 0.37% 4.35% 12.92% -5.15% -4.96%
P/E 15.2x 6.53x 8.64x 8.69x 13.7x 12.9x 10.8x 9.9x
PBR 1.51x 0.91x 1.46x 1.28x 1.41x 1.73x 1.58x 1.48x
PEG - 0.1x 0.3x -2.55x -0.4x 0.3x 0.5x 1.11x
Capitalization / Revenue 0.45x 0.26x 0.33x 0.36x 0.4x 0.51x 0.49x 0.47x
EV / Revenue 0.61x 0.58x 0.54x 0.61x 0.69x 0.75x 0.67x 0.61x
EV / EBITDA 5.73x 5.6x 4.32x 4.44x 5.17x 5.75x 5.01x 4.47x
EV / EBIT 8.12x 7.31x 5.64x 6.01x 7.28x 7.82x 6.78x 6.18x
EV / FCF 50.4x 7.77x 8.08x 7.99x 11x 17.3x 13.6x 13.1x
FCF Yield 1.98% 12.9% 12.4% 12.5% 9.07% 5.8% 7.35% 7.66%
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% 3.97% 4.73% 4.93%
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 20.65 20.65 20.65
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.($)
9.27x1.11x6.07x3.77% 4.28B
12.04x0.48x2.94x3.3% 2.75B
62.31x - - 0.34% 2.34B
9.09x0.32x3.27x4.24% 2.26B
5.86x0.93x5.1x7.47% 1.4B
Average 19.71x 0.71x 4.34x 3.82% 2.6B
Weighted average by Cap. 18.97x 0.76x 4.55x 3.53%

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