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 1,511 1,109 1,055 1,002
Change - -1.08% 19.29% -31.11% 22.74% -26.58% -4.85% -5.07%
P/E Ratio 7.65x 6.34x 16.2x 27x -19.6x 14x 13.4x 12.2x
PBR 1.27x 1.03x - 0.61x 0.94x 0.66x 0.65x 0.68x
PEG - 0.3x -0.2x -0.5x 0x -0x 2.88x 1.29x
Capitalization / Revenue 0.69x 0.56x 0.61x 0.44x 0.56x 0.42x 0.4x 0.39x
EV / Revenue 0.73x 0.58x 0.61x 0.46x 0.55x 0.39x 0.35x 0.33x
EV / EBITDA 4.27x 3.44x 5.61x 4.63x 5.24x 3.58x 3.12x 2.69x
EV / EBIT 6.77x 4.99x 14.9x 19.3x 19.4x 10.9x 7.99x 6.52x
EV / FCF - - 20.6x 8.06x 16.8x 11.7x 9.95x 8.4x
FCF Yield - - 4.85% 12.4% 5.96% 8.54% 10% 11.9%
Dividend per Share 2 - 0.75 - 0.75 0.75 0.7775 0.815 0.8833
Rate of return - 2.25% - 3.97% 2.86% 3.83% 4.01% 4.35%
EPS 2 4.36 5.26 1.74 0.7 -1.34 1.45 1.517 1.661
Distribution rate - 14.3% - 107% -56% 53.6% 53.7% 53.2%
Net sales 1 2,082 2,588 2,928 2,648 2,763 2,866 2,988 3,048
EBITDA 1 354.2 434.8 318.7 265.6 288.1 309.3 337.9 372.5
EBIT 1 223.8 300.1 120.1 63.8 77.9 102.1 132.1 153.6
Net income 1 - - 109.5 42.8 -81.1 71.3 71.29 98.07
Net Debt 1 74.8 59.5 - 75 -41.3 -88.6 -142.4 -195.9
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.1x0.39x3.61x3.8% 1.4B
29.16x4.94x14.14x1.4% 87.69B
17.17x0.92x7.92x4.64% 49.5B
66.21x10.84x45.61x0.83% 16.92B
16.76x1.03x7.85x2.3% 14.95B
16.72x0.69x8.03x3.2% 9.38B
35.41x0.83x7.38x2.85% 9.57B
36.31x4.72x20.97x0.32% 8.53B
6.07x0.7x3.42x-.--% 7.43B
30.5x1.5x8.06x2.39% 7.99B
Average 26.84x 2.66x 12.70x 2.17% 21.34B
Weighted average by Cap. 27.62x 3.52x 13.78x 2.28%

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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