Company Valuation: Vallourec

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,015 2,807 3,222 3,788 3,677 4,402 - -
Change - 39.32% 14.8% 17.56% -2.92% 19.71% - -
Enterprise Value (EV) 1 2,973 3,937 3,792 3,767 3,638 4,324 4,232 4,151
Change - 32.43% -3.68% -0.67% -3.41% 18.86% -2.14% -1.89%
P/E 29.3x -7.67x 6.78x 8.88x 11x 14.7x 9.24x 8.37x
PBR 0.6x 1.71x 1.49x 1.51x 1.59x 2.16x 1.83x 1.76x
PEG - 0x -0x -0.8x -0.5x -1.87x 0.2x 0.8x
Capitalization / Revenue 0.59x 0.57x 0.63x 0.94x 0.97x 1.17x 1x 0.95x
EV / Revenue 0.86x 0.81x 0.74x 0.93x 0.96x 1.15x 0.96x 0.9x
EV / EBITDA 6.04x 5.51x 3.17x 4.53x 4.44x 5.51x 4.23x 3.86x
EV / EBIT 7.95x 8.07x 3.82x 6.23x 5.84x 7.68x 5.35x 4.81x
EV / FCF -10.5x - 7.61x 11.7x 9.47x 15.1x 8.49x 6.78x
FCF Yield -9.55% - 13.1% 8.52% 10.6% 6.62% 11.8% 14.7%
Dividend per Share 2 - - - 1.5 1.75 1.483 1.568 1.762
Rate of return - - - 9.14% 11.2% 7.73% 8.18% 9.19%
EPS 2 0.3 -1.6 2.07 1.85 1.42 1.308 2.075 2.29
Distribution rate - - - 81.1% 123% 113% 75.5% 76.9%
Net sales 1 3,442 4,883 5,114 4,034 3,809 3,758 4,386 4,634
EBITDA 1 492 715 1,196 832 819 785 1,001 1,076
EBIT 1 374 488 993 605 623 563 791.3 863.7
Net income 1 40 -366 496 452 355 342.5 551.5 612.8
Net Debt 1 958 1,130 570 -21 -39 -77.51 -170.1 -250.3
Reference price 2 8.80 12.27 14.02 16.42 15.69 19.18 19.18 19.18
Nbr of stocks (in thousands) 228,927 228,741 229,728 230,677 234,359 229,554 - -
Announcement Date 2/24/22 3/2/23 3/1/24 2/27/25 2/27/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.22x2.49x11.38x2.06% 84.74B
21.24x2.65x14.64x1.44% 63.45B
25.5x2.79x13.75x0.26% 30.65B
15.38x1.58x8.66x1.86% 30.66B
27.49x0.51x4.45x3.79% 9.85B
23.93x0.89x7.81x1.81% 7.63B
7.23x1.51x5.97x2.92% 7.13B
17.55x1.49x6.99x1.18% 6.72B
32.06x6.1x10.97x3.13% 6.48B
Average 21.51x 2.22x 9.40x 2.05% 27.48B
Weighted average by Cap. 21.83x 2.37x 11.50x 1.74%

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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