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 1,230 - -
Change - -0.07% 24.22% -35.31% 34.28% -20.74% - -
Enterprise Value (EV) 1 1,514 1,498 1,787 1,231 1,511 1,131 1,097 1,085
Change - -1.08% 19.29% -31.11% 22.74% -25.12% -2.99% -1.12%
P/E 7.65x 6.34x 16.2x 27x -19.6x 16.4x 14.8x 13.6x
PBR 1.27x 1.03x - 0.61x 0.94x 0.68x 0.67x 0.69x
PEG - 0.3x -0.2x -0.5x 0x -0x 1.3x 1.58x
Capitalization / Revenue 0.69x 0.56x 0.61x 0.44x 0.56x 0.43x 0.41x 0.41x
EV / Revenue 0.73x 0.58x 0.61x 0.46x 0.55x 0.4x 0.37x 0.36x
EV / EBITDA 4.27x 3.44x 5.61x 4.63x 5.24x 3.76x 3.31x 2.98x
EV / EBIT 6.77x 4.99x 14.9x 19.3x 19.4x 12.2x 8.78x 7.5x
EV / FCF - - 20.6x 8.06x 16.8x 11.9x 10.4x 9.1x
FCF Yield - - 4.85% 12.4% 5.96% 8.37% 9.66% 11%
Dividend per Share 2 - 0.75 - 0.75 0.75 0.765 0.79 0.85
Rate of return - 2.25% - 3.97% 2.86% 3.67% 3.79% 4.08%
EPS 2 4.36 5.26 1.74 0.7 -1.34 1.27 1.412 1.534
Distribution rate - 14.3% - 107% -56% 60.2% 55.9% 55.4%
Net sales 1 2,082 2,588 2,928 2,648 2,763 2,849 2,973 3,027
EBITDA 1 354.2 434.8 318.7 265.6 288.1 300.6 331 363.8
EBIT 1 223.8 300.1 120.1 63.8 77.9 92.73 125 144.6
Net income 1 - - 109.5 42.8 -81.1 55.25 62.85 90.54
Net Debt 1 74.8 59.5 - 75 -41.3 -98.9 -132.8 -145
Reference price 2 33.35 33.35 28.25 18.90 26.20 20.85 20.85 20.85
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.($)
21.06x3.79x10.71x1.88% 74.86B
13.11x0.92x7.7x4.46% 50.95B
60.05x9.71x41.18x0.91% 18.16B
14.17x0.92x6.64x2.6% 14.66B
14.38x0.77x5.25x2.57% 10.64B
17.72x0.75x8.22x2.78% 10.19B
35.11x1.72x9.16x2.04% 9.51B
32.06x4.38x18.74x0.36% 8.01B
5.3x0.68x3.16x-.--% 7.3B
Average 23.66x 2.63x 12.31x 1.96% 22.7B
Weighted average by Cap. 22.06x 2.90x 11.94x 2.45%

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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