Company Valuation: Stef

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,262 1,122 1,419 1,611 1,648 1,528 - -
Change - -11.11% 26.43% 13.56% 2.25% -7.25% - -
Enterprise Value (EV) 1 2,207 2,195 2,464 2,952 3,181 3,037 2,999 2,955
Change - -0.56% 12.27% 19.78% 7.76% -4.51% -1.25% -1.46%
P/E 11.6x 7.82x 7.53x 10.5x 19.7x 11.3x 9.03x 8.18x
PBR 1.38x 1.08x 1.31x 1.35x 1.27x 1.08x 0.99x 0.93x
PEG - 0.2x 0.2x -0.6x -0.4x 0.2x 0.4x 0.8x
Capitalization / Revenue 0.36x 0.26x 0.32x 0.34x 0.32x 0.29x 0.28x 0.27x
EV / Revenue 0.63x 0.51x 0.55x 0.61x 0.62x 0.57x 0.55x 0.53x
EV / EBITDA 6.16x 5.29x 5.77x 6.09x 7.31x 6.14x 5.53x 5.22x
EV / EBIT 14.3x 10.8x 9.74x 12.9x 18.4x 13.5x 11.5x 11.1x
EV / FCF 10.6x 42.8x 22x -58.9x -47.7x 27.6x 22.9x 17.9x
FCF Yield 9.46% 2.33% 4.54% -1.7% -2.1% 3.62% 4.37% 5.59%
Dividend per Share 2 3 4 5.1 4.15 2.7 4.107 5.143 5.653
Rate of return 2.94% 4.42% 4.47% 3.16% 2.05% 3.4% 4.26% 4.68%
EPS 2 8.78 11.58 15.16 12.46 6.66 10.7 13.38 14.77
Distribution rate 34.2% 34.5% 33.6% 33.3% 40.5% 38.4% 38.4% 38.3%
Net sales 1 3,507 4,264 4,442 4,801 5,120 5,300 5,452 5,611
EBITDA 1 358.1 414.8 426.8 484.3 435.2 494.5 542.2 565.9
EBIT 1 153.9 203.5 253 228.4 173 224.4 260.1 266.7
Net income 1 110 146.4 191.6 157.2 84.3 135.2 163.3 186.9
Net Debt 1 944.8 1,073 1,046 1,340 1,533 1,509 1,471 1,427
Reference price 2 102.00 90.60 114.20 131.20 131.40 120.80 120.80 120.80
Nbr of stocks (in thousands) 12,377 12,387 12,424 12,281 12,538 12,649 - -
Announcement Date 3/10/22 3/9/23 3/7/24 3/13/25 3/12/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
39.82x7.71x23.76x0.52% 45.26B
38.93x2.18x16.26x0.63% 26.95B
30.02x1.68x11.24x1.36% 11.61B
36.26x3.08x16.5x-.--% 11.08B
36.07x1.32x22.8x1.17% 7.06B
-98.99x0.77x39.85x-.--% 4.39B
38.58x2.81x18.32x1.35% 4.1B
54.02x0.93x7.85x1.32% 2.59B
Average 21.84x 2.56x 19.57x 0.79% 14.13B
Weighted average by Cap. 32.91x 4.32x 19.98x 0.65%

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