Company Valuation: Voestalpine AG

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,824 5,538 4,458 3,858 6,484 8,079 - -
Change - 14.82% -19.51% -13.46% 68.09% 24.59% - -
Enterprise Value (EV) 1 7,115 7,199 6,109 5,508 7,748 9,309 9,043 8,839
Change - 1.19% -15.15% -9.84% 40.68% 20.14% -2.86% -2.25%
P/E 3.71x 5.2x 44.1x 25x 15.5x 12.7x 9.47x 8.75x
PBR 0.7x 0.72x 0.6x 0.53x 0.86x 1x 0.92x 0.85x
PEG - -0.3x -0.5x 0.5x 0x 0.2x 0.3x 1.07x
Capitalization / Revenue 0.32x 0.3x 0.27x 0.25x 0.43x 0.51x 0.49x 0.48x
EV / Revenue 0.48x 0.4x 0.37x 0.35x 0.51x 0.59x 0.55x 0.53x
EV / EBITDA 3.11x 2.83x 3.67x 4.09x 5.22x 5.27x 4.33x 4.17x
EV / EBIT 4.89x 4.43x 10.7x 12.1x 10.7x 9.23x 6.91x 6.6x
EV / FCF 12.1x 6.51x 16.7x 17.7x 13.9x 42.2x 16.6x 13.9x
FCF Yield 8.28% 15.4% 5.99% 5.66% 7.19% 2.37% 6.02% 7.19%
Dividend per Share 2 1.2 1.5 0.7 0.6 0.75 1.182 1.471 1.419
Rate of return 4.44% 4.8% 2.69% 2.67% 1.98% 2.51% 3.12% 3.01%
EPS 2 7.28 6.01 0.59 0.9 2.44 3.71 4.975 5.384
Distribution rate 16.5% 25% 119% 66.7% 30.7% 31.9% 29.6% 26.4%
Net sales 1 14,923 18,225 16,684 15,744 15,063 15,751 16,403 16,722
EBITDA 1 2,291 2,545 1,666 1,346 1,486 1,768 2,089 2,121
EBIT 1 1,454 1,624 569.3 455.1 723.5 1,009 1,309 1,339
Net income 1 1,300 1,066 100.8 153.5 424.7 639.1 856.5 927.4
Net Debt 1 2,291 1,661 1,651 1,650 1,264 1,230 963.9 760.3
Reference price 2 27.02 31.28 26.00 22.50 37.82 47.12 47.12 47.12
Nbr of stocks (in thousands) 178,521 177,057 171,451 171,451 171,451 171,451 - -
Announcement Date 6/8/22 6/7/23 6/4/24 6/4/25 6/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.7x0.59x5.27x2.51% 9.39B
14.21x1.56x8.15x0.86% 59.23B
17.77x1x8.08x0.8% 59.22B
14.38x1.57x9.24x0.88% 34.69B
13.28x1.18x7.12x2.26% 24.49B
35.45x6.79x23.09x0.17% 23.56B
13.06x0.78x7.26x3.46% 23.63B
12.14x0.55x5.39x2.96% 18.84B
14.32x0.95x7.2x2.67% 11.07B
-21.73x0.16x3.64x0.96% 11.33B
Average 12.56x 1.51x 8.44x 1.75% 27.55B
Weighted average by Cap. 14.97x 1.60x 8.87x 1.41%

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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  4. Valuation Voestalpine AG
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