Company Valuation: Safran

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 45,891 49,905 66,595 88,393 124,127 138,623 - -
Change - 8.75% 33.44% 32.73% 40.43% 11.68% - -
Enterprise Value (EV) 1 47,435 49,891 66,221 86,655 122,389 134,276 132,153 129,763
Change - 5.18% 32.73% 30.86% 41.24% 9.71% -1.58% -1.81%
P/E 1,077x -20.3x 19.8x -133x 17.3x 33.5x 26.5x 23.6x
PBR 3.58x 4.77x 5.94x 8.77x 8.38x 8.74x 7.55x 6.48x
PEG - 0x -0x 1x -0x -0.8x 1x 1.9x
Capitalization / Revenue 3.01x 2.62x 2.87x 3.24x 3.96x 3.79x 3.44x 3.15x
EV / Revenue 3.11x 2.62x 2.85x 3.17x 3.91x 3.67x 3.28x 2.95x
EV / EBITDA 17.1x 13.6x 14.4x 16x 17.4x 16.7x 14.6x 13.1x
EV / EBIT 26.3x 20.7x 20.9x 21x 23.5x 20.5x 17.8x 15.8x
EV / FCF 28.2x 18.7x 22.5x 27.2x 31.2x 27.4x 24.9x 21.3x
FCF Yield 3.54% 5.34% 4.45% 3.68% 3.2% 3.65% 4.02% 4.69%
Dividend per Share 2 0.5 1.35 1.35 2.9 3.35 4.125 5.146 5.826
Rate of return 0.46% 1.15% 0.85% 1.37% 1.13% 1.23% 1.54% 1.74%
EPS 2 0.1 -5.76 8.07 -1.6 17.17 9.983 12.62 14.17
Distribution rate 500% -23.4% 16.7% -181% 19.5% 41.3% 40.8% 41.1%
Net sales 1 15,257 19,035 23,199 27,317 31,329 36,548 40,297 43,984
EBITDA 1 2,778 3,667 4,599 5,413 7,015 8,060 9,051 9,931
EBIT 1 1,805 2,408 3,166 4,119 5,197 6,546 7,405 8,220
Net income 1 43 -2,459 3,444 -667 7,177 4,141 5,283 5,918
Net Debt 1 1,544 -14 -374 -1,738 -1,738 -4,348 -6,471 -8,861
Reference price 2 107.66 116.92 159.46 212.10 297.40 334.40 334.40 334.40
Nbr of stocks (in thousands) 426,262 426,828 417,625 416,751 417,373 414,544 - -
Announcement Date 2/24/22 2/17/23 2/15/24 2/14/25 2/12/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.68x6.73x28.21x0.57% 330B
30.99x2.9x17.21x1.53% 252B
25.62x1.7x12.67x1.8% 171B
34.94x5.09x21.36x0.98% 162B
33.57x3.68x16.7x1.23% 157B
-691.5x1.74x39.42x-.--% 148B
16.8x1.63x11.75x2.74% 118B
41.94x9.45x29.31x0.22% 92.1B
19.56x1.66x13.59x1.9% 89.78B
Average -50.16x 3.84x 21.13x 1.22% 168.98B
Weighted average by Cap. -39.28x 4.02x 21.73x 1.15%

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