Company Valuation: SFD S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 166.2 147.6 165.6 105.7 87.21 133
Change - -11.24% 12.24% -36.17% -17.5% 52.53%
Enterprise Value (EV) 1 178.7 156.1 190.2 118.5 103.3 156.1
Change - -12.63% 21.88% -37.71% -12.86% 51.15%
P/E 14.4x 13.4x 13.2x 194x -1,518x 25x
PBR 7.61x 3.95x 3.5x 2.49x 2.07x 2.81x
PEG - -1.58x 1x -2x 14x -0x
Capitalization / Revenue 0.84x 0.6x 0.51x 0.31x 0.25x 0.3x
EV / Revenue 0.91x 0.64x 0.58x 0.35x 0.29x 0.35x
EV / EBITDA 10.5x 9.18x 9.35x 15.9x 16.8x 11.5x
EV / EBIT 12.2x 11.1x 11.3x 35.2x 51.8x 16.2x
EV / FCF 59.9x -472x -13.9x 6.4x -45.8x 46.4x
FCF Yield 1.67% -0.21% -7.18% 15.6% -2.18% 2.16%
Dividend per Share 2 - 0.1 0.12 0.01 - 0.04
Rate of return - 2.99% 3.19% 0.42% - 1.32%
EPS 2 0.2735 0.2503 0.2847 0.0124 -0.001304 0.1206
Distribution rate - 40% 42.2% 80.8% - 33.2%
Net sales 1 196.9 245.4 325.3 343.4 355.5 440.9
EBITDA 1 16.96 17 20.35 7.439 6.152 13.61
EBIT 1 14.7 14.09 16.83 3.363 1.995 9.62
Net income 1 11.54 11.02 12.54 0.545 -0.0574 5.312
Net Debt 1 12.43 8.535 24.63 12.79 16.05 23.06
Reference price 2 3.940 3.350 3.760 2.400 1.980 3.020
Nbr of stocks (in thousands) 42,191 44,045 44,045 44,045 44,045 44,045
Announcement Date 5/31/21 5/26/22 5/31/23 5/31/24 5/30/25 5/29/26
1PLN in Million2PLN
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 34.74M
18.54x1.26x10.63x2.78% 18.09B
26.65x1.18x5.42x2.59% 7.81B
18.47x1.74x15.51x5.33% 5.47B
10.72x2.28x6.58x5.19% 4.09B
8.03x0.58x4.78x-.--% 1.55B
29.66x14.21x22.54x - 1.21B
6.48x0.53x4.89x8.12% 1.12B
Average 16.94x 3.11x 10.05x 4% 4.92B
Weighted average by Cap. 18.91x 1.77x 9.83x 3.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA