Company Valuation: Aegon Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 6,538 8,826 9,411 8,212 9,095 9,696 9,696 -
Change - 34.98% 6.62% -12.73% 10.75% 6.61% 0% -
Enterprise Value (EV) 1 -1,834 13,792 12,350 8,738 10,292 11,668 11,668 11,668
Change - 852.2% -10.46% -29.24% 17.78% 13.37% 0% 0%
P/E ratio 162x 5.49x -3.79x -43.7x 15.1x 8.04x 7.93x 6.98x
PBR 0.29x 0.37x 0.83x 1.23x 1.26x 1.25x 1.18x 1.09x
PEG - 0x 0x 0.5x -0x 0x 5.5x 0.5x
Capitalization / Revenue 0.41x 0.57x 0.64x - - 0.98x 0.96x 0.94x
EV / Revenue -0.11x 0.89x 0.84x - - 1.18x 1.15x 1.13x
EV / EBITDA - - - - - - - -
EV / EBIT -1.06x 7.24x 6.44x 5.83x 6.93x 7.01x 6.82x 6.43x
EV / FCF -3.8x 18.9x 15.8x 12.2x 13.6x 14.4x 13.9x 12.6x
FCF Yield -26.3% 5.29% 6.32% 8.18% 7.37% 6.97% 7.2% 7.91%
Dividend per Share 2 0.12 0.17 0.23 0.3 0.35 0.4014 0.4336 0.4647
Rate of return 3.71% 3.87% 4.85% 5.72% 6.12% 6.23% 6.74% 7.22%
EPS 2 0.02 0.8 -1.25 -0.12 0.38 0.8006 0.8122 0.9217
Distribution rate 600% 21.3% -18.4% -250% 92.1% 50.1% 53.4% 50.4%
Net sales 1 16,099 15,444 14,761 - - 9,922 10,122 10,324
EBITDA - - - - - - - -
EBIT 1 1,729 1,906 1,918 1,498 1,485 1,664 1,712 1,815
Net income 1 55 1,651 -2,533 -247 599 1,245 1,173 1,285
Net Debt 1 -8,372 4,966 2,939 526 1,197 1,972 1,972 1,972
Reference price 2 3.235 4.393 4.738 5.248 5.720 6.438 6.438 6.438
Nbr of stocks (in thousands) 2,021,164 2,009,073 1,986,185 1,564,872 1,590,023 1,506,101 1,506,101 -
Announcement Date 2/11/21 2/9/22 2/9/23 3/1/24 2/20/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.04x1.18x - 6.23% 11.51B
8.27x5.26x - 4.2% 168B
8.44x0.83x - 6.2% 89.1B
12.59x0.94x - 4.52% 62.06B
11.28x - - 3.85% 61.64B
19.62x2.98x - 2.02% 59.6B
8.07x0.96x - 2.79% 55.72B
13.4x - - 2.91% 50.66B
11.84x - - 4.26% 41B
12.41x - - 4.09% 38.2B
Average 11.40x 2.02x 4.11% 63.73B
Weighted average by Cap. 10.93x 2.82x 4.08%

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