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 88,393 124,127 135,556 - -
Change - 8.75% 33.44% 32.73% 40.43% 9.21% - -
Enterprise Value (EV) 1 47,435 49,891 66,221 86,655 122,389 131,208 129,085 126,695
Change - 5.18% 32.73% 30.86% 41.24% 7.21% -1.62% -1.85%
P/E 1,077x -20.3x 19.8x -133x 17.3x 32.8x 25.9x 23.1x
PBR 3.58x 4.77x 5.94x 8.77x 8.38x 8.55x 7.38x 6.33x
PEG - 0x -0x 1x -0x -0.8x 1x 1.9x
Capitalization / Revenue 3.01x 2.62x 2.87x 3.24x 3.96x 3.71x 3.36x 3.08x
EV / Revenue 3.11x 2.62x 2.85x 3.17x 3.91x 3.59x 3.2x 2.88x
EV / EBITDA 17.1x 13.6x 14.4x 16x 17.4x 16.3x 14.3x 12.8x
EV / EBIT 26.3x 20.7x 20.9x 21x 23.5x 20x 17.4x 15.4x
EV / FCF 28.2x 18.7x 22.5x 27.2x 31.2x 26.8x 24.3x 20.8x
FCF Yield 3.54% 5.34% 4.45% 3.68% 3.2% 3.74% 4.12% 4.81%
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% 1.26% 1.57% 1.78%
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 2 107.66 116.92 159.46 212.10 297.40 327.00 327.00 327.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
36.04x6.61x27.72x0.58% 324B
30.78x2.88x17.1x1.54% 250B
25.64x1.7x12.68x1.79% 171B
34.48x5.02x21.07x0.99% 161B
33.5x3.67x16.66x1.23% 157B
-685.49x1.73x39.15x-.--% 147B
16.71x1.63x11.69x2.75% 118B
41.07x9.26x28.73x0.23% 90.2B
19.53x1.66x13.56x1.9% 89.64B
Average -49.75x 3.80x 20.93x 1.22% 167.6B
Weighted average by Cap. -38.97x 3.96x 21.47x 1.16%

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