Company Valuation: Savencia

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 839.3 799.8 741 708.8 807.9 727.9 - -
Change - -4.7% -7.36% -4.34% 13.98% -9.9% - -
Enterprise Value (EV) 1 1,344 1,306 1,224 1,164 1,361 1,606 1,525 1,442
Change - -2.84% -6.26% -4.88% 16.95% 17.97% -5.04% -5.44%
P/E 10.1x 11.7x 7.67x 6.63x 10.9x 6.72x 5.48x 4.88x
PBR 0.54x - - 0.43x - - - -
PEG - -0.7x 0.2x 0.6x -0.4x 0.1x 0.2x 0.4x
Capitalization / Revenue 0.15x 0.12x 0.11x 0.1x 0.12x 0.09x 0.09x 0.09x
EV / Revenue 0.24x 0.2x 0.18x 0.16x 0.2x 0.21x 0.18x 0.17x
EV / EBITDA 3.04x 3.01x 2.94x 2.58x 3.27x 3.33x 2.85x 2.55x
EV / EBIT 5.46x 5.57x 5.75x 5.01x 6.47x 6.35x 5.26x 4.59x
EV / FCF 18.6x 19.6x 15x 8.39x 22.9x 19.6x 14.9x 13.1x
FCF Yield 5.37% 5.11% 6.68% 11.9% 4.37% 5.11% 6.7% 7.65%
Dividend per Share 2 1.5 - - 1.6 1.4 1.68 2.06 2.31
Rate of return 2.45% - - 3.02% 2.24% 2.98% 3.65% 4.1%
EPS 2 6.03 5.01 7.17 8 5.73 8.39 10.3 11.56
Distribution rate 24.9% - - 20% 24.4% 20% 20% 20%
Net sales 1 5,610 6,551 6,791 7,140 6,957 7,769 8,291 8,493
EBITDA 1 441.6 433.8 416.6 451.1 416.4 482.8 535.2 565.2
EBIT 1 246.1 234.3 212.9 232.3 210.5 252.9 289.8 314
Net income 1 82.9 68 96.5 107 74.7 109.5 134.5 151
Net Debt 1 504.3 505.7 482.8 455.2 553.4 878 797 714
Reference price 2 61.20 58.40 55.00 53.00 62.40 56.40 56.40 56.40
Nbr of stocks (in thousands) 13,714 13,696 13,472 13,374 12,947 12,906 - -
Announcement Date 3/10/22 3/9/23 3/7/24 3/3/25 3/5/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.14x1.6x11.31x5.08% 25.17B
12.5x0.79x7.02x3.91% 8.87B
18.88x1.08x10.33x2.18% 5.41B
16.91x1.39x10.57x2.29% 5.25B
33.39x3x19.43x2.93% 5.16B
12.55x1.57x7.83x7.42% 4.84B
8.23x0.78x3.54x3.86% 4.24B
Average 16.94x 1.46x 10.01x 3.95% 8.42B
Weighted average by Cap. 16.56x 1.47x 10.38x 4.31%

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

-40%: Exceptional extension
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