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 1,218 - -
Change - -0.07% 24.22% -35.31% 34.28% -21.5% - -
Enterprise Value (EV) 1 1,514 1,498 1,787 1,231 1,511 1,119 1,085 1,073
Change - -1.08% 19.29% -31.11% 22.74% -25.9% -3.03% -1.13%
P/E 7.65x 6.34x 16.2x 27x -19.6x 16.3x 14.6x 13.5x
PBR 1.27x 1.03x - 0.61x 0.94x 0.67x 0.66x 0.69x
PEG - 0.3x -0.2x -0.5x 0x -0x 1.3x 1.56x
Capitalization / Revenue 0.69x 0.56x 0.61x 0.44x 0.56x 0.43x 0.41x 0.4x
EV / Revenue 0.73x 0.58x 0.61x 0.46x 0.55x 0.39x 0.37x 0.35x
EV / EBITDA 4.27x 3.44x 5.61x 4.63x 5.24x 3.72x 3.28x 2.95x
EV / EBIT 6.77x 4.99x 14.9x 19.3x 19.4x 12.1x 8.68x 7.42x
EV / FCF - - 20.6x 8.06x 16.8x 11.8x 10.2x 9x
FCF Yield - - 4.85% 12.4% 5.96% 8.46% 9.77% 11.1%
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% 3.7% 3.83% 4.12%
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 20.65 20.65 20.65
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.26x0.39x3.72x3.7% 1.42B
19.88x3.55x10.04x1.99% 70.74B
13.29x0.94x7.83x4.35% 52.67B
59.16x9.5x40.45x0.92% 17.64B
13.24x0.87x6.17x2.76% 13.82B
15.9x0.72x7.83x3.08% 10.35B
13.11x0.73x4.99x2.82% 9.71B
36.3x1.72x9.11x2.02% 9.67B
32.12x4.39x18.77x0.36% 7.99B
5.63x0.71x3.29x-.--% 7.82B
Average 22.49x 2.35x 11.22x 2.2% 20.18B
Weighted average by Cap. 21.31x 2.74x 11.50x 2.53%

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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