Company Valuation: SNCB SA

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 332.8 107.4 96.63 96.63 96.63 73.01
Change - -67.74% -10% 0% 0% -24.44%
Enterprise Value (EV) 1 3,434 3,046 3,094 3,160 3,114 3,025
Change - -11.29% 1.56% 2.14% -1.44% -2.86%
P/E 4.36x -0.54x -3.92x 1.83x 0.44x 0.7x
PBR -2.13x -0.24x -0.22x -0.37x -1.18x 4.47x
PEG - 0x 0x -0x 0x -0x
Capitalization / Revenue 0.25x 0.11x 0.1x 0.08x 0.07x 0.05x
EV / Revenue 2.55x 3.13x 3.09x 2.55x 2.13x 1.9x
EV / EBITDA 64.5x -21.3x -24.8x -39.6x 33x 73.8x
EV / EBIT -10.3x -5.53x -5.74x -6.47x -9.28x -7.5x
EV / FCF -6.37x -14.9x -3.86x -5.48x -8.26x -5.33x
FCF Yield -15.7% -6.73% -25.9% -18.3% -12.1% -18.8%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.071 -0.1866 -0.023 0.0492 0.2047 0.0976
Distribution rate - - - - - -
Net sales 1 1,345 973.7 1,001 1,237 1,465 1,592
EBITDA 1 53.23 -143.3 -124.9 -79.79 94.5 41.01
EBIT 1 -333.6 -550.8 -538.6 -488.7 -335.5 -403.2
Net income 1 76.25 -200.4 -24.66 52.82 219.7 104.8
Net Debt 1 3,101 2,939 2,997 3,063 3,018 2,952
Reference price 2 0.3100 0.1000 0.0900 0.0900 0.0900 0.0680
Nbr of stocks (in thousands) 1,073,611 1,073,611 1,073,611 1,073,611 1,073,611 1,073,611
Announcement Date 5/9/20 5/10/21 5/12/22 6/5/23 6/25/24 6/19/25
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 101M
14.56x2.7x9.95x2.54% 24.31B
10.3x1.94x8.69x3.45% 3.38B
11.2x - - 5.26% 2.84B
Average 12.02x 2.32x 9.32x 3.75% 7.66B
Weighted average by Cap. 13.78x 2.61x 9.80x 2.9%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA