Suspension of trading

Valuation Stef OTC Markets

Stocks

Delayed OTC Markets			5-day change	1st Jan Change
- ^USD	-.--%		-.--%	-

07-24	French and Benelux stocks-Factors to watch	RE
07-23	Stef: solid activity in the 2nd quarter

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	1,690	-	-
Change	-	-11.11%	26.43%	13.56%	2.25%	2.57%	-	-
Enterprise Value (EV) ¹	2,207	2,195	2,464	2,952	3,181	3,195	3,157	3,122
Change	-	-0.56%	12.27%	19.78%	7.76%	0.45%	-1.18%	-1.13%
P/E	11.6x	7.82x	7.53x	10.5x	19.7x	12.4x	10x	9.45x
PBR	1.38x	1.08x	1.31x	1.35x	1.27x	1.2x	1.1x	1.03x
PEG	-	0.2x	0.2x	-0.6x	-0.4x	0.2x	0.4x	1.55x
Capitalization / Revenue	0.36x	0.26x	0.32x	0.34x	0.32x	0.31x	0.3x	0.3x
EV / Revenue	0.63x	0.51x	0.55x	0.61x	0.62x	0.59x	0.57x	0.55x
EV / EBITDA	6.16x	5.29x	5.77x	6.09x	7.31x	6.38x	5.76x	5.44x
EV / EBIT	14.3x	10.8x	9.74x	12.9x	18.4x	14x	12x	11.5x
EV / FCF	10.6x	42.8x	22x	-58.9x	-47.7x	28.6x	24.1x	20.3x
FCF Yield	9.46%	2.33%	4.54%	-1.7%	-2.1%	3.5%	4.15%	4.93%
Dividend per Share ²	3	4	5.1	4.15	2.7	4.067	5.107	5.427
Rate of return	2.94%	4.42%	4.47%	3.16%	2.05%	3.04%	3.82%	4.06%
EPS ²	8.78	11.58	15.16	12.46	6.66	10.73	13.33	14.14
Distribution rate	34.2%	34.5%	33.6%	33.3%	40.5%	37.9%	38.3%	38.4%
Net sales ¹	3,507	4,264	4,442	4,801	5,120	5,392	5,555	5,722
EBITDA ¹	358.1	414.8	426.8	484.3	435.2	500.9	548.1	573.3
EBIT ¹	153.9	203.5	253	228.4	173	228.9	263.7	272.3
Net income ¹	110	146.4	191.6	157.2	84.3	136.6	163.3	175.9
Net Debt ¹	944.8	1,073	1,046	1,340	1,533	1,505	1,468	1,432
Reference price ²	102.00	90.60	114.20	131.20	131.40	133.60	133.60	133.60
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

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
OLD DOMINION FREIGHT LINE, INC.	37.16x	7.47x	22.3x	0.54%	43.75B
JB HUNT TRANSPORT SERVICES	36.08x	2.03x	15.35x	0.64%	26.27B
FEDEX FREIGHT HOLDING COMPANY, INC.	29.89x	2.78x	15.15x	-	22.47B
TFI INTERNATIONAL INC.	27.44x	1.69x	11.21x	1.31%	12.05B
SAIA, INC.	33.33x	2.78x	15.12x	-.--%	10.22B
LANDSTAR SYSTEM, INC.	31.8x	1.11x	19.85x	1.14%	6.45B
NIKKON HOLDINGS CO.,LTD.	33.89x	2.7x	17.69x	2.15%	4.2B
RXO, INC.	-94.62x	0.62x	31.33x	-.--%	3.88B
WERNER ENTERPRISES, INC.	46.54x	0.86x	7.16x	1.48%	2.33B
Average	20.17x	2.45x	17.24x	0.91%	14.63B
Weighted average by Cap.	30.43x	3.91x	17.85x	0.7%