Company Valuation: Wendel SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,603 3,782 3,508 3,953 3,494 3,353 - -
Change - -17.84% -7.24% 12.67% -11.6% -4.03% - -
Enterprise Value (EV) 1 8,306 6,581 7,220 6,714 6,342 6,732 6,887 6,975
Change - -20.77% 9.71% -7.01% -5.53% 6.14% 2.31% 1.27%
P/E 4.43x 5.84x 25.2x 13.7x -23x 31.6x 28.4x 26.3x
PBR 1.77x 1.36x 1.3x 1.22x 0.99x 0.93x 0.94x 0.96x
PEG - -0.2x -0.3x 0x 0x -0x 2.6x 3.22x
Capitalization / Revenue 0.61x 0.43x 0.49x 0.49x 0.46x 0.43x 0.42x 0.41x
EV / Revenue 1.11x 0.76x 1.01x 0.83x 0.84x 0.87x 0.86x 0.84x
EV / EBITDA 6.07x 4.05x 4.15x 3.24x 3.47x 4.73x 4.67x 4.6x
EV / EBIT 7.74x 5.26x 6.31x 5.06x 5.16x 7.46x 7.21x 6.91x
EV / FCF 7.07x 5.38x 6.11x 4.84x 4.26x 7.85x 7.9x 7.88x
FCF Yield 14.1% 18.6% 16.4% 20.7% 23.4% 12.7% 12.7% 12.7%
Dividend per Share 2 2.9 3.2 4 4.7 5.1 5.605 6.044 6.605
Rate of return 2.75% 3.67% 4.96% 5.06% 6.2% 6.5% 7.01% 7.66%
EPS 2 23.78 14.93 3.2 6.766 -3.58 2.732 3.032 3.28
Distribution rate 12.2% 21.4% 125% 69.5% -142% 205% 199% 201%
Net sales 1 7,504 8,700 7,128 8,064 7,568 7,743 8,026 8,263
EBITDA 1 1,368 1,626 1,738 2,072 1,826 1,424 1,476 1,517
EBIT 1 1,073 1,251 1,144 1,327 1,230 902.3 955.1 1,009
Net income 1 1,047 656.3 142.4 293.9 -151.8 116.1 126.2 136.7
Net Debt 1 3,703 2,799 3,712 2,761 2,848 3,378 3,534 3,622
Reference price 2 105.40 87.20 80.65 92.95 82.20 86.25 86.25 86.25
Nbr of stocks (in thousands) 43,671 43,369 43,497 42,524 42,508 38,879 - -
Announcement Date 3/18/22 3/16/23 2/28/24 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.($)
31.57x0.87x4.73x6.5% 3.91B
23.82x8.22x15.77x3.6% 115B
17.83x13.97x28.59x0.72% 97.38B
24.13x - - 3.84% 32.13B
11.69x4.82x9.47x5.19% 22.16B
15.24x4.69x12.94x2.84% 17.59B
17.37x1.84x7.04x3.84% 17.43B
15.17x9.58x - 9.64% 14.3B
33.11x18.84x25.88x - 11.7B
Average 21.10x 7.85x 14.92x 4.52% 36.81B
Weighted average by Cap. 20.53x 9.65x 19.22x 3.13%

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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