Company Valuation: VusionGroup

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,184 1,923 2,166 2,846 3,418 1,994 - -
Change - 62.32% 12.68% 31.37% 20.11% -41.67% - -
Enterprise Value (EV) 1 1,176 1,963 2,139 2,453 2,979 1,879 1,783 1,549
Change - 66.91% 8.97% 14.68% 21.45% -36.94% -5.1% -13.09%
P/E 418x 103x 30.4x -103x 25.5x 17.6x 11.4x 10.4x
PBR 6.5x 9.87x 7.73x 11.5x 7.62x 3.83x 2.87x 2.29x
PEG - 0x 0x 1x -0x -1.1x 0.2x 1.1x
Capitalization / Revenue 2.8x 3.1x 2.7x 2.98x 2.32x 1.15x 1.07x 1.09x
EV / Revenue 2.78x 3.16x 2.67x 2.57x 2.02x 1.09x 0.96x 0.85x
EV / EBITDA 36.4x 33.5x 20.9x 15.3x 10.7x 5.48x 4.65x 4.02x
EV / EBIT 121x 62.5x 38.8x 31x 18.2x 8.21x 6.89x 5.88x
EV / FCF 640x -63.4x 13.3x 6.35x 45.9x -9.53x 12x 7.29x
FCF Yield 0.16% -1.58% 7.52% 15.8% 2.18% -10.5% 8.34% 13.7%
Dividend per Share 2 - - 0.3 0.6 0.9 1.08 1.274 1.444
Rate of return - - 0.22% 0.34% 0.44% 0.91% 1.07% 1.21%
EPS 2 0.18 1.18 4.46 -1.73 8.02 6.752 10.48 11.47
Distribution rate - - 6.73% -34.7% 11.2% 16% 12.2% 12.6%
Net sales 1 422.9 620.9 802 954.7 1,472 1,727 1,857 1,828
EBITDA 1 32.3 58.6 102.3 160.5 277.4 343.1 383.8 385.1
EBIT 1 9.7 31.4 55.1 79.1 163.9 228.8 258.9 263.5
Net income 1 2 18.7 79.77 -28.9 84.2 113.2 178.5 197.8
Net Debt 1 -8.3 40.5 -27.2 -392.8 -438.9 -115 -210.9 -444.3
Reference price 2 75.20 122.00 135.80 177.70 204.20 119.00 119.00 119.00
Nbr of stocks (in thousands) 15,751 15,759 15,953 16,016 16,740 16,754 - -
Announcement Date 3/3/22 3/8/23 5/3/24 2/26/25 2/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.62x11.54x21.06x0.84% 118B
46.88x7.87x33.97x1.56% 52.89B
26.49x1.23x13.98x-.--% 40.27B
20.53x1.75x8.56x1.47% 34.18B
29.06x2.09x13.91x1.57% 29.66B
28.77x4.39x17.53x-.--% 27.91B
10.46x5.86x16.25x1.43% 26.05B
30.7x4.71x18.75x0.75% 17.79B
23.48x2.99x12.53x-.--% 16.46B
Average 27.67x 4.71x 17.39x 0.85% 40.41B
Weighted average by Cap. 30.20x 6.50x 19.28x 0.91%

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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