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 1,546 - -
Change - -11.11% 26.43% 13.56% 2.25% -6.18% - -
Enterprise Value (EV) 1 2,207 2,195 2,464 2,952 3,181 3,055 3,017 2,973
Change - -0.56% 12.27% 19.78% 7.76% -3.95% -1.24% -1.45%
P/E Ratio 11.6x 7.82x 7.53x 10.5x 19.7x 11.4x 9.13x 8.27x
PBR 1.38x 1.08x 1.31x 1.35x 1.27x 1.09x 1.01x 0.94x
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 0.28x
EV / Revenue 0.63x 0.51x 0.55x 0.61x 0.62x 0.58x 0.55x 0.53x
EV / EBITDA 6.16x 5.29x 5.77x 6.09x 7.31x 6.18x 5.56x 5.25x
EV / EBIT 14.3x 10.8x 9.74x 12.9x 18.4x 13.6x 11.6x 11.1x
EV / FCF 10.6x 42.8x 22x -58.9x -47.7x 27.8x 23x 18x
FCF Yield 9.46% 2.33% 4.54% -1.7% -2.1% 3.6% 4.34% 5.56%
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% 3.36% 4.21% 4.63%
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 90.60 114.20 131.20 131.40 122.20 122.20 122.20
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
45.45x8.76x27.02x0.46% 51.11B
39.42x2.22x16.48x0.63% 27.29B
34.28x1.85x12.5x1.19% 13.21B
42.31x3.58x19.27x-.--% 12.85B
39.5x1.43x24.88x1.08% 7.61B
-102.1x0.82x42.69x-.--% 4.68B
40.51x2.94x19.12x1.28% 4.33B
56.9x0.94x7.99x1.27% 2.64B
Average 24.53x 2.82x 21.24x 0.74% 15.46B
Weighted average by Cap. 36.73x 4.92x 22.12x 0.59%

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

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