Company Valuation: VBL Plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 73.34 63.56 57.05 47.34 46.35
Change - -13.33% -10.25% -17.01% -2.11%
Enterprise Value (EV) 1 75.33 70.73 64.68 66.99 66.15
Change - -6.11% -8.56% 3.58% -1.25%
P/E 12.1x 10.1x 33.6x 19.1x 29.4x
PBR 1.3x 1.01x 0.88x 0.7x 0.67x
PEG -0x 2.59x -0.5x 0.4x -0.8x
Capitalization / Revenue 69x 6.92x 10.8x 7.15x 7.58x
EV / Revenue 70.9x 7.7x 12.2x 10.1x 10.8x
EV / EBITDA -1,756x 10.1x 25.9x 19x 23.4x
EV / EBIT -251x 10.4x 28.9x 20.6x 26.3x
EV / FCF -74.3x 13.2x 29x 24.3x 83x
FCF Yield -1.35% 7.58% 3.45% 4.12% 1.21%
Dividend per Share 2 0.00065 0.000726 0.000803 0.000883 -
Rate of return 0.22% 0.28% 0.35% 0.46% -
EPS 2 0.0248 0.0258 0.006849 0.00996 0.006316
Distribution rate 2.62% 2.81% 11.7% 8.87% -
Net sales 1 1.063 9.19 5.288 6.624 6.117
EBITDA 1 -0.0429 7.005 2.498 3.524 2.83
EBIT 1 -0.2999 6.787 2.242 3.255 2.511
Net income 1 5.791 6.323 1.699 2.482 1.574
Net Debt 1 1.989 7.168 7.626 19.65 19.81
Reference price 2 0.3000 0.2600 0.2300 0.1900 0.1860
Nbr of stocks (in thousands) 244,471 244,471 248,043 249,179 249,179
Announcement Date 3/26/22 4/21/23 4/24/24 4/24/25 4/30/26
1EUR in Million2EUR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 61.7M
60.56x - - - 64.64B
13.75x4.48x12.05x3.68% 39.14B
5.61x0.73x1.51x8.77% 27.43B
8.05x1.45x8.04x4.4% 26.73B
17.28x3.88x15.6x1.42% 26.68B
13.18x3.02x14.44x2.65% 24.33B
9.11x3.35x7.66x-.--% 21.47B
10.19x2x8.23x4.12% 20.47B
7.95x0.88x3.21x2.81% 20.33B
Average 16.19x 2.47x 8.84x 3.48% 27.13B
Weighted average by Cap. 22.75x 2.62x 9.17x 3.61%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA