Company Valuation: Terex Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,068 2,858 3,867 3,087 3,502 6,748 - -
Change - -6.84% 35.31% -20.16% 13.42% 92.71% - -
Enterprise Value (EV) 1 3,475 3,329 4,120 5,283 5,314 8,570 8,101 7,721
Change - -4.19% 23.73% 28.25% 0.57% 61.28% -5.47% -4.7%
P/E 14.1x 9.89x 7.58x 9.32x 16x 23x 11.1x 9.66x
PBR 2.76x 2.42x 2.35x 1.71x 1.65x 1.28x 1.39x 1.38x
PEG - 0.3x 0.1x -0.3x -0.5x -1x 0x 0.6x
Capitalization / Revenue 0.79x 0.65x 0.75x 0.6x 0.65x 0.83x 0.77x 0.73x
EV / Revenue 0.89x 0.75x 0.8x 1.03x 0.98x 1.05x 0.93x 0.83x
EV / EBITDA 9.19x 7.13x 5.95x 8.23x 7.34x 8.58x 6.98x 6.1x
EV / EBIT 10.6x 7.93x 6.47x 10x 9.39x 9.66x 7.94x 6.8x
EV / FCF 14.9x 22x 12.4x 28x 16.3x 26.7x 17x 12.5x
FCF Yield 6.73% 4.55% 8.06% 3.58% 6.12% 3.74% 5.88% 8.03%
Dividend per Share 2 0.48 0.52 0.64 0.68 0.68 0.71 0.7257 0.735
Rate of return 1.09% 1.22% 1.11% 1.47% 1.27% 1.21% 1.23% 1.25%
EPS 2 3.12 4.32 7.58 4.96 3.33 2.559 5.303 6.1
Distribution rate 15.4% 12% 8.44% 13.7% 20.4% 27.7% 13.7% 12%
Net sales 1 3,887 4,418 5,152 5,127 5,421 8,142 8,757 9,249
EBITDA 1 378.2 467.2 692.9 642 724 998.3 1,161 1,266
EBIT 1 328 420 636.5 526 566 887.5 1,020 1,135
Net income 1 220.9 300 518 335 221 294.8 599.9 676.9
Net Debt 1 407.2 471.4 252.5 2,196 1,812 1,822 1,353 972.6
Reference price 2 43.95 42.72 57.46 46.22 53.38 58.92 58.92 58.92
Nbr of stocks (in thousands) 69,800 66,900 67,300 66,800 65,600 114,300 - -
Announcement Date 2/10/22 2/9/23 2/8/24 2/6/25 2/11/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.07x1.05x8.58x1.2% 6.75B
19.4x1.81x14.83x2.81% 61.09B
15.98x1.61x9.17x2.79% 39.82B
11.7x1.08x10.82x4.43% 37.9B
30.86x4.48x17.93x1.62% 29.41B
11.09x1.5x9.03x1.98% 19.73B
23.68x2.21x11.98x2% 19.54B
31.31x1.03x18.19x1.16% 16.65B
24.22x2.71x14.56x2.46% 16.35B
13.31x - - 0.73% 15.89B
Average 20.46x 1.94x 12.79x 2.12% 26.31B
Weighted average by Cap. 19.53x 1.98x 13.02x 2.49%

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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  4. Valuation Terex Corporation
-40%: Exceptional extension
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