Company Valuation: Verbund

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 34,359 27,324 29,200 24,319 21,540 20,428 - -
Change - -20.48% 6.87% -16.72% -11.43% -5.16% - -
Enterprise Value (EV) 1 37,870 31,223 30,959 26,296 24,358 24,362 25,134 25,777
Change - -17.55% -0.84% -15.06% -7.37% 0.02% 3.17% 2.56%
P/E 39.4x 15.9x 12.9x 13x 14.5x 19.9x 14.5x 16.8x
PBR 6.29x 3.76x 2.93x 2.44x 2.08x 1.88x 1.72x 1.63x
PEG - 0.2x 0.4x -0.8x -0.7x -0.6x 0.4x -1.2x
Capitalization / Revenue 38.3x 2.64x 2.79x 2.95x 2.69x 2.75x 2.52x 2.74x
EV / Revenue 42.2x 3.02x 2.96x 3.19x 3.04x 3.27x 3.1x 3.45x
EV / EBITDA 24x 9.88x 6.89x 7.56x 8.9x 11.2x 8.88x 9.84x
EV / EBIT 32.6x 11.9x 8.84x 9.65x 11.5x 15.9x 11.8x 13.8x
EV / FCF -50.1x 33.6x 8.4x 12.5x 44.3x -60.3x 236x 105x
FCF Yield -2% 2.97% 11.9% 8.03% 2.26% -1.66% 0.42% 0.95%
Dividend per Share 2 1.05 3.6 4.15 2.8 2 1.501 1.974 1.733
Rate of return 1.06% 4.58% 4.94% 4% 3.23% 2.55% 3.36% 2.95%
EPS 2 2.51 4.94 6.52 5.4 4.29 2.95 4.06 3.503
Distribution rate 41.8% 72.9% 63.7% 51.9% 46.6% 50.9% 48.6% 49.5%
Net sales 1 896.9 10,346 10,450 8,245 8,014 7,440 8,120 7,462
EBITDA 1 1,579 3,161 4,490 3,480 2,737 2,166 2,830 2,620
EBIT 1 1,162 2,626 3,502 2,726 2,112 1,527 2,130 1,866
Net income 1 873.6 1,717 2,266 1,875 1,489 1,028 1,372 1,176
Net Debt 1 3,511 3,898 1,759 1,977 2,818 3,934 4,706 5,349
Reference price 2 98.90 78.65 84.05 70.00 62.00 58.80 58.80 58.80
Nbr of stocks (in thousands) 347,416 347,416 347,416 347,416 347,416 347,416 - -
Announcement Date 3/17/22 3/16/23 3/14/24 3/20/25 3/18/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31x5.23x38.28x0.21% 254B
20.92x9.09x15.54x2.93% 176B
19.91x4.08x11.25x3.6% 152B
13.1x1.89x6.72x5.41% 110B
20.08x5.86x12.86x3.37% 103B
22x3.39x13.75x0.61% 99.04B
18.07x5.58x11.24x3.57% 95.04B
19.38x5.11x12.34x3.12% 67.16B
18.66x6.26x13.15x3.99% 58.85B
Average 20.35x 5.17x 15.01x 2.98% 123.91B
Weighted average by Cap. 21.87x 5.32x 18.17x 2.6%

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