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 7,770 - -
Change - 14.82% -19.51% -13.46% 68.09% 19.83% - -
Enterprise Value (EV) 1 7,115 7,199 6,109 5,508 7,748 9,000 8,736 8,530
Change - 1.19% -15.15% -9.84% 40.68% 16.16% -2.94% -2.35%
P/E 3.71x 5.2x 44.1x 25x 15.5x 12.2x 9.13x 8.48x
PBR 0.7x 0.72x 0.6x 0.53x 0.86x 0.96x 0.89x 0.82x
PEG - -0.3x -0.5x 0.5x 0x 0.2x 0.3x 1.11x
Capitalization / Revenue 0.32x 0.3x 0.27x 0.25x 0.43x 0.49x 0.47x 0.46x
EV / Revenue 0.48x 0.4x 0.37x 0.35x 0.51x 0.57x 0.53x 0.51x
EV / EBITDA 3.11x 2.83x 3.67x 4.09x 5.22x 5.09x 4.19x 4.04x
EV / EBIT 4.89x 4.43x 10.7x 12.1x 10.7x 8.93x 6.68x 6.41x
EV / FCF 12.1x 6.51x 16.7x 17.7x 13.9x 40.8x 16x 13.4x
FCF Yield 8.28% 15.4% 5.99% 5.66% 7.19% 2.45% 6.24% 7.45%
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% 2.61% 3.25% 3.13%
EPS 2 7.28 6.01 0.59 0.9 2.44 3.708 4.965 5.345
Distribution rate 16.5% 25% 119% 66.7% 30.7% 31.9% 29.6% 26.5%
Net sales 1 14,923 18,225 16,684 15,744 15,063 15,751 16,400 16,714
EBITDA 1 2,291 2,545 1,666 1,346 1,486 1,768 2,087 2,114
EBIT 1 1,454 1,624 569.3 455.1 723.5 1,008 1,307 1,332
Net income 1 1,300 1,066 100.8 153.5 424.7 638.8 854.7 920.7
Net Debt 1 2,291 1,661 1,651 1,650 1,264 1,230 965.6 760.3
Reference price 2 27.02 31.28 26.00 22.50 37.82 45.32 45.32 45.32
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.22x0.57x5.09x2.61% 9B
14.75x1.61x8.41x0.83% 61.01B
16.7x0.94x7.64x0.84% 55.65B
15.3x1.65x9.78x0.83% 36.66B
40.61x7.77x26.44x0.15% 26.99B
13.13x1.17x7.06x2.29% 23.94B
12.62x0.78x7.54x3.57% 22.21B
12.09x0.55x4.68x2.94% 17.87B
14.22x4.22x11x0.05% 11.29B
14.46x0.96x7.28x2.65% 11.27B
Average 16.61x 2.02x 9.49x 1.68% 27.59B
Weighted average by Cap. 17.15x 1.96x 9.72x 1.35%

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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