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 1,127 713.3 - -
Change - -3.69% 55.4% -13.53% -5.42% -36.71% - -
Enterprise Value (EV) 1 860.5 859.7 1,359 1,166 1,006 570.5 501.5 420.1
Change - -0.09% 58.06% -14.18% -13.76% -43.27% -12.1% -16.22%
P/E 18x 17.7x 20.7x 15.7x 13.7x 9.15x 7.9x 7.49x
PBR 3.58x 2.96x 2.11x 1.88x 1.61x 0.93x 0.84x 0.77x
PEG - -11.28x 2.6x 1.1x 1.69x -1.83x 0.5x 1.37x
Capitalization / Revenue 1.96x 1.67x 1.97x 1.26x 1.18x 0.74x 0.71x 0.68x
EV / Revenue 1.83x 1.62x 1.94x 1.24x 1.05x 0.59x 0.5x 0.4x
EV / EBITDA 10.6x 10.4x 12.4x 8.97x 7.57x 4.52x 3.5x 2.8x
EV / EBIT 11.5x 11.2x 13.4x 9.79x 8.39x 5.01x 3.85x 3.07x
EV / FCF 15.4x 23x 17x 13.8x 7.77x 7.53x 5.77x 4.3x
FCF Yield 6.49% 4.36% 5.89% 7.24% 12.9% 13.3% 17.3% 23.3%
Dividend per Share 2 0.38 0.38 0.38 0.46 0.5 0.4803 0.5395 0.42
Rate of return 0.83% 0.85% 0.68% 0.95% 1.09% 1.65% 1.86% 1.45%
EPS 2 2.55 2.51 2.71 3.09 3.34 3.173 3.677 3.878
Distribution rate 14.9% 15.1% 14% 14.9% 15% 15.1% 14.7% 10.8%
Net sales 1 470.1 532.3 701.1 943.7 954.3 968.5 1,008 1,044
EBITDA 1 80.83 82.81 109.4 130 132.8 126.2 143.2 150.3
EBIT 1 74.8 77.04 101.3 119.1 119.9 113.8 130.4 136.8
Net income 1 51.03 50.07 58.2 75.56 81.99 77.71 90.23 95.14
Net Debt 1 -60.33 -27.12 -19.27 -25.59 -121.4 -142.8 -211.8 -293.2
Reference price 2 46.00 44.45 56.10 48.50 45.90 29.05 29.05 29.05
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.($)
9.22x0.59x4.56x1.64% 799M
21.65x3.57x12.46x3.07% 213B
21.49x4.55x11.16x0.77% 187B
-591.66x42.08x172.86x-.--% 122B
-130.95x18.18x99.98x-.--% 121B
14.61x1.59x8.35x3.28% 124B
13.53x2.44x9.25x6.08% 77.55B
20.02x5.31x13.05x2.8% 59.65B
-17.3x7.37x12.53x-.--% 44.99B
23.1x1.91x12.12x1.35% 45.21B
Average -61.63x 8.76x 35.63x 1.9% 99.61B
Weighted average by Cap. -75.19x 10.10x 41.71x 1.92%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Wavestone

Historical PBR trend

Valuation ratios - PBR - Wavestone

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Wavestone

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Wavestone


Year-on-year evolution of the Yield

Valuation ratios - Yield - Wavestone