Company Valuation: Wavestone

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 920.8 886.8 1,378 1,192 1,127 955.1 - -
Change - -3.69% 55.4% -13.53% -5.42% -15.25% - -
Enterprise Value (EV) 1 860.5 859.7 1,359 1,166 1,006 772.9 692.8 591.8
Change - -0.09% 58.06% -14.18% -13.76% -23.14% -10.36% -14.59%
P/E 18x 17.7x 20.7x 15.7x 13.7x 10.9x 9.85x 8.97x
PBR 3.58x 2.96x 2.11x 1.88x 1.61x 1.23x 1.11x 1x
PEG - -11.28x 2.6x 1.1x 1.69x 1.54x 0.9x 0.92x
Capitalization / Revenue 1.96x 1.67x 1.97x 1.26x 1.18x 0.98x 0.94x 0.9x
EV / Revenue 1.83x 1.62x 1.94x 1.24x 1.05x 0.79x 0.68x 0.56x
EV / EBITDA 10.6x 10.4x 12.4x 8.97x 7.57x 5.55x 4.55x 3.63x
EV / EBIT 11.5x 11.2x 13.4x 9.79x 8.39x 6.04x 4.94x 3.93x
EV / FCF 15.4x 23x 17x 13.8x 7.77x 9.31x 6.99x 5.59x
FCF Yield 6.49% 4.36% 5.89% 7.24% 12.9% 10.7% 14.3% 17.9%
Dividend per Share 2 0.38 0.38 0.38 0.46 0.5 0.5199 0.5417 0.5689
Rate of return 0.83% 0.85% 0.68% 0.95% 1.09% 1.34% 1.39% 1.46%
EPS 2 2.55 2.51 2.71 3.09 3.34 3.576 3.947 4.334
Distribution rate 14.9% 15.1% 14% 14.9% 15% 14.5% 13.7% 13.1%
Net sales 1 470.1 532.3 701.1 943.7 954.3 977.5 1,013 1,058
EBITDA 1 80.83 82.81 109.4 130 132.8 139.2 152.1 163.1
EBIT 1 74.8 77.04 101.3 119.1 119.9 127.9 140.3 150.7
Net income 1 51.03 50.07 58.2 75.56 81.99 87.73 96.63 106.3
Net Debt 1 -60.33 -27.12 -19.27 -25.59 -121.4 -182.2 -262.3 -363.4
Reference price 2 46.00 44.45 56.10 48.50 45.90 38.90 38.90 38.90
Nbr of stocks (in thousands) 20,017 19,951 24,564 24,570 24,554 24,554 - -
Announcement Date 5/31/22 5/31/23 6/3/24 6/2/25 6/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.88x0.79x5.55x1.34% 1.09B
21.16x3.48x12.12x3.16% 202B
-93.89x14.84x85.94x-.--% 92.91B
10.88x1.2x6.29x4.42% 89.95B
14.62x2.66x10.06x5.62% 84.7B
20.17x5.27x12.97x2.84% 59.85B
13.61x1.98x8.38x5.73% 43.77B
17.31x2.21x10.6x5.02% 35.71B
18.74x1.51x9.48x1.58% 34.75B
19.59x1.45x9.18x1.01% 34.43B
Average 5.31x 3.54x 17.06x 3.07% 67.89B
Weighted average by Cap. 2.24x 4.42x 20.65x 3.24%

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