Company Valuation: Valmet Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,638 4,634 4,808 4,297 5,219 5,140 - -
Change - -17.81% 3.76% -10.65% 21.48% -1.52% - -
Enterprise Value (EV) 1 5,597 5,165 5,860 5,359 6,145 6,406 6,183 5,996
Change - -7.72% 13.46% -8.56% 14.68% 4.24% -3.47% -3.02%
P/E 19.1x 13.1x 13.5x 15.3x 18.6x 15.7x 13.5x 11.9x
PBR 4.25x 1.86x 1.87x 1.65x 2.02x 1.98x 1.89x 1.79x
PEG - -4.32x 12.96x -0.7x - 0.9x 0.8x 0.8x
Capitalization / Revenue 1.43x 0.91x 0.87x 0.8x 1x 0.96x 0.95x 0.91x
EV / Revenue 1.42x 1.02x 1.06x 1x 1.18x 1.2x 1.14x 1.06x
EV / EBITDA 11.2x 8.08x 8.34x 8.02x 9.5x 9.06x 7.99x 7.18x
EV / EBIT 14x 11.8x 11.6x 11.9x 14x 12.3x 10.7x 9.42x
EV / FCF 14.5x -68x 25.8x 12x 12.9x 19.2x 13.9x 12.1x
FCF Yield 6.88% -1.47% 3.87% 8.34% 7.78% 5.22% 7.19% 8.25%
Dividend per Share 2 1.2 1.3 1.35 1.35 1.35 1.292 1.458 1.533
Rate of return 3.18% 5.17% 5.17% 5.79% 4.77% 4.63% 5.23% 5.5%
EPS 2 1.98 1.92 1.94 1.52 1.52 1.778 2.062 2.352
Distribution rate 60.6% 67.7% 69.6% 88.8% 88.8% 72.7% 70.7% 65.2%
Net sales 1 3,935 5,074 5,532 5,359 5,197 5,339 5,411 5,661
EBITDA 1 500 639 703 668 647 707 773.8 835.7
EBIT 1 399 436 507 449 438 520.5 577.5 636.3
Net income 1 296 338 357 280 280 328.2 380.2 433.5
Net Debt 1 -41 531 1,052 1,062 926 1,266 1,043 856.3
Reference price 2 37.72 25.16 26.11 23.33 28.33 27.90 27.90 27.90
Nbr of stocks (in thousands) 149,471 184,185 184,161 184,165 184,232 184,234 - -
Announcement Date 2/3/22 2/2/23 2/7/24 2/13/25 2/6/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.64x1.2x9.03x4.65% 5.91B
15.38x1.7x9.5x0.89% 18.68B
30.1x6.15x19.26x1.15% 17.17B
75.78x6.51x38.01x0.36% 7.73B
20.61x2.36x14.63x1.39% 7.29B
46.46x4.84x18.96x - 5.96B
10.88x0.51x4.68x2.82% 4.03B
15.17x2.29x8.4x2.63% 3.81B
7.35x1.04x4.46x4.88% 3.52B
25.79x1.84x14.44x1.29% 3.45B
Average 26.32x 2.84x 14.14x 2.23% 7.76B
Weighted average by Cap. 27.42x 3.37x 15.36x 1.67%

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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