Company Valuation: Alro S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,599 1,285 1,121 1,099 1,074 1,067
Change - -19.64% -12.78% -1.91% -2.27% -0.66%
Enterprise Value (EV) 1 2,469 2,139 2,182 2,377 2,198 2,289
Change - -13.35% 1.99% 8.92% -7.53% 4.18%
P/E 4.78x 48.6x 2.73x -1.96x 104x -22.9x
PBR 1.47x 1.15x 0.72x 1.1x 1.06x 1.11x
PEG - -0.5x 0x 0x -1x 0x
Capitalization / Revenue 0.64x 0.37x 0.32x 0.39x 0.32x 0.27x
EV / Revenue 0.98x 0.61x 0.61x 0.83x 0.64x 0.59x
EV / EBITDA 5.05x 6.16x 2.66x -14.8x 14.9x 10.6x
EV / EBIT 7.57x 10.8x 3.24x -7.67x 72.2x 22.7x
EV / FCF 12.6x 16.6x -7.81x 20.1x 9.55x -15.5x
FCF Yield 7.94% 6.02% -12.8% 4.98% 10.5% -6.44%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.4683 0.037 0.5745 -0.7849 0.0145 -0.0652
Distribution rate - - - - - -
Net sales 1 2,515 3,500 3,554 2,850 3,408 3,896
EBITDA 1 489.4 347.3 821.2 -161 147.2 216.7
EBIT 1 326.3 198.4 672.5 -310 30.44 101.1
Net income 1 334.3 26.43 410.1 -560.3 10.32 -46.56
Net Debt 1 870.2 854.6 1,061 1,277 1,123 1,222
Reference price 2 2.240 1.800 1.570 1.540 1.505 1.495
Nbr of stocks (in thousands) 713,779 713,779 713,779 713,779 713,779 713,779
Announcement Date 3/27/21 3/26/22 3/25/23 3/25/24 4/29/25 4/28/26
1RON in Million2RON
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 223M
5.21x0.95x2.9x12.36% 25.98B
23.4x3.77x14.78x1.33% 15.58B
6.23x1.03x4.42x2.44% 11.84B
7.85x0.67x2.9x4.17% 6.83B
3.94x1.15x3.1x - 4.42B
7.33x - - 6.2% 3.55B
Average 8.99x 1.52x 5.62x 5.3% 9.78B
Weighted average by Cap. 9.83x 1.63x 6.05x 6.6%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA