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 1,662 - -
Change - -11.11% 26.43% 13.56% 2.25% 0.89% - -
Enterprise Value (EV) 1 2,207 2,195 2,464 2,952 3,181 3,167 3,130 3,094
Change - -0.56% 12.27% 19.78% 7.76% -0.42% -1.19% -1.14%
P/E 11.6x 7.82x 7.53x 10.5x 19.7x 12.2x 9.86x 9.29x
PBR 1.38x 1.08x 1.31x 1.35x 1.27x 1.18x 1.08x 1.01x
PEG - 0.2x 0.2x -0.6x -0.4x 0.2x 0.4x 1.53x
Capitalization / Revenue 0.36x 0.26x 0.32x 0.34x 0.32x 0.31x 0.3x 0.29x
EV / Revenue 0.63x 0.51x 0.55x 0.61x 0.62x 0.59x 0.56x 0.54x
EV / EBITDA 6.16x 5.29x 5.77x 6.09x 7.31x 6.32x 5.71x 5.4x
EV / EBIT 14.3x 10.8x 9.74x 12.9x 18.4x 13.8x 11.9x 11.4x
EV / FCF 10.6x 42.8x 22x -58.9x -47.7x 28.4x 23.9x 20.1x
FCF Yield 9.46% 2.33% 4.54% -1.7% -2.1% 3.53% 4.19% 4.98%
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% 3.09% 3.89% 4.13%
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 90.60 114.20 131.20 131.40 131.40 131.40 131.40
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
41.88x8.15x25.04x0.5% 48.45B
36.84x2.07x15.66x0.63% 27.08B
31.07x1.76x11.71x1.26% 12.4B
36.83x3.11x16.69x-.--% 11.27B
34.08x1.24x21.25x1.21% 6.8B
-95.22x0.73x37.13x-.--% 4.23B
31.69x2.51x16.45x2.22% 3.74B
48.35x0.91x7.69x1.36% 2.54B
Average 20.69x 2.56x 18.95x 0.9% 14.56B
Weighted average by Cap. 33.45x 4.56x 20.20x 0.66%

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