Company Valuation: Tessenderlo Group nv

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,439 1,438 1,787 1,156 1,552 1,198 - -
Change - -0.07% 24.22% -35.31% 34.28% -22.83% - -
Enterprise Value (EV) 1 1,514 1,498 1,787 1,231 1,593 1,226 1,261 1,212
Change - -1.08% 19.29% -31.11% 29.45% -23.03% 2.86% -3.88%
P/E 7.65x 6.34x 16.2x 27x -19.6x 18.3x 13.4x 10.7x
PBR 1.27x 1.03x - 0.61x 0.94x 0.68x 0.66x 0.64x
PEG - 0.3x -0.2x -0.5x 0x -0x 0.4x 0.4x
Capitalization / Revenue 0.69x 0.56x 0.61x 0.44x 0.56x 0.42x 0.41x 0.39x
EV / Revenue 0.73x 0.58x 0.61x 0.46x 0.58x 0.43x 0.43x 0.4x
EV / EBITDA 4.27x 3.44x 5.61x 4.63x 5.53x 3.98x 3.89x 3.39x
EV / EBIT 6.77x 4.99x 14.9x 19.3x 20.5x 15.2x 9.94x 7.66x
EV / FCF - - 20.6x 8.06x 17.7x 12.9x 11.9x 10.2x
FCF Yield - - 4.85% 12.4% 5.66% 7.72% 8.4% 9.83%
Dividend per Share 2 - 0.75 - 0.75 0.75 0.765 0.7925 0.8425
Rate of return - 2.25% - 3.97% 2.86% 3.77% 3.9% 4.15%
EPS 2 4.36 5.26 1.74 0.7 -1.34 1.112 1.51 1.901
Distribution rate - 14.3% - 107% -56% 68.8% 52.5% 44.3%
Net sales 1 2,082 2,588 2,928 2,648 2,763 2,833 2,947 3,068
EBITDA 1 354.2 434.8 318.7 265.6 288.1 308.3 324.6 357.4
EBIT 1 223.8 300.1 120.1 63.8 77.9 80.75 126.9 158.3
Net income 1 - - 109.5 42.8 -81.1 55.93 70.94 97.21
Net Debt 1 74.8 59.5 - 75 41.3 28.66 63.7 14.82
Reference price 2 33.35 33.35 28.25 18.90 26.20 20.30 20.30 20.30
Nbr of stocks (in thousands) 43,155 43,123 63,241 61,147 59,230 58,993 - -
Announcement Date 3/24/22 3/23/23 3/27/24 3/26/25 3/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.62x3.67x10.42x1.94% 73.19B
11.88x0.91x7.57x4.54% 48.48B
53.14x8.48x36.12x1.03% 15.72B
13.02x0.87x6.24x2.75% 14.03B
11.17x0.72x4.8x2.92% 10.09B
15.46x0.71x7.65x3.19% 9.6B
36.87x1.69x8.91x2.06% 9.06B
4.73x0.67x2.79x4.66% 8.85B
30.5x4.18x17.89x0.38% 7.56B
Average 21.93x 2.43x 11.38x 2.61% 21.84B
Weighted average by Cap. 20.20x 2.67x 10.92x 2.74%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Tessenderlo Group nv

Historical PBR trend

Valuation ratios - PBR - Tessenderlo Group nv

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Tessenderlo Group nv

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Tessenderlo Group nv


Year-on-year evolution of the Yield

Valuation ratios - Yield - Tessenderlo Group nv
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