Company Valuation: SAF-Holland SE

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 508.4 558.3 400.2 690 670.9 844.1 844.1 -
Change - 9.82% -28.33% 72.43% -2.76% 25.81% 0% -
Enterprise Value (EV) 1 705.1 756.4 910.7 1,140 1,144 1,258 1,224 1,166
Change - 7.27% 20.41% 25.19% 0.37% 9.97% -2.73% -4.78%
P/E ratio 37.3x 15.2x 6.53x 8.64x 8.69x 16.1x 11.3x 9.58x
PBR 1.71x 1.51x 0.91x 1.46x 1.28x 1.57x 1.43x 1.32x
PEG - 0x 0.1x 0.3x -2.55x -0.5x 0.3x 0.5x
Capitalization / Revenue 0.53x 0.45x 0.26x 0.33x 0.36x 0.49x 0.46x 0.44x
EV / Revenue 0.73x 0.61x 0.58x 0.54x 0.61x 0.73x 0.67x 0.6x
EV / EBITDA 7.19x 5.73x 5.6x 4.32x 4.44x 5.89x 5.22x 4.57x
EV / EBIT 12x 8.12x 7.31x 5.64x 6.01x 7.84x 6.99x 6.07x
EV / FCF 6.21x 50.4x 7.77x 8.08x 7.99x 16.9x 15.2x 12.3x
FCF Yield 16.1% 1.98% 12.9% 12.4% 12.5% 5.91% 6.58% 8.14%
Dividend per Share 2 - 0.35 0.6 0.85 0.85 0.6126 0.8085 0.9419
Rate of return - 2.85% 6.81% 5.59% 5.75% 3.26% 4.3% 5.01%
EPS 2 0.3 0.81 1.35 1.76 1.7 1.169 1.663 1.963
Distribution rate - 43.2% 44.4% 48.3% 50% 52.4% 48.6% 48%
Net sales 1 959.5 1,247 1,565 2,106 1,877 1,725 1,816 1,930
EBITDA 1 98.13 132.1 162.7 264.1 258 213.7 234.7 255.2
EBIT 1 58.8 93.13 124.6 202.1 190.4 160.6 175.2 191.9
Net income 1 13.8 36.74 61.08 79.93 77.35 49.73 73.81 85.61
Net Debt 1 196.7 198 510.6 450.2 473.5 414.4 380.1 321.6
Reference price 2 11.20 12.30 8.82 15.20 14.78 18.80 18.80 18.80
Nbr of stocks (in thousands) 45,394 45,394 45,394 45,394 45,394 44,897 44,897 -
Announcement Date 3/25/21 3/17/22 3/30/23 3/14/24 3/21/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.08x0.73x5.89x3.26% 1B
15.92x1.84x9.64x1.86% 6.5B
35.91x - - - 3.35B
13.57x0.38x3.98x3.05% 2.86B
68.44x - - 0.31% 2.7B
13.48x0.18x1x3.1% 1.99B
6.32x0.97x5.72x13.64% 1.47B
Average 24.24x 0.82x 5.25x 4.21% 2.84B
Weighted average by Cap. 25.13x 1.13x 6.53x 3.1%

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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