Company Valuation: Alstom

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 15,783 7,942 9,542 5,430 9,406 10,553 - -
Change - -49.68% 20.14% -43.09% 73.21% 12.2% - -
Enterprise Value (EV) 1 16,682 10,027 11,677 8,424 9,928 11,632 11,329 10,956
Change - -39.89% 16.45% -27.86% 17.85% 17.17% -2.61% -3.28%
P/E ratio 45.2x -13.6x -71.7x -17.4x 65.7x 22.3x 15.5x 12.9x
PBR 1.24x 0.89x 1.05x 0.63x 0.9x 0.97x 0.91x 0.86x
PEG - 0x 0.9x -0x -0x 0x 0.3x 0.6x
Capitalization / Revenue 1.8x 0.51x 0.58x 0.31x 0.51x 0.55x 0.52x 0.5x
EV / Revenue 1.9x 0.65x 0.71x 0.48x 0.54x 0.61x 0.56x 0.52x
EV / EBITDA 16.1x 6.1x 6.72x 4.6x 4.84x 6.85x 5.9x 5.26x
EV / EBIT 25.9x 13.1x 13.7x 8.45x 8.43x 10x 7.95x 6.91x
EV / FCF -23.2x -10.1x 58.7x -14.9x 20.3x 37.4x 31.1x 17.6x
FCF Yield -4.32% -9.89% 1.7% -6.73% 4.94% 2.67% 3.22% 5.69%
Dividend per Share 2 0.25 0.25 0.25 - - - 0.3357 0.462
Rate of return 0.59% 1.18% 1% - - - 1.47% 2.02%
EPS 2 0.94 -1.56 -0.35 -0.81 0.31 1.023 1.478 1.774
Distribution rate 26.6% -16% -71.4% - - - 22.7% 26%
Net sales 1 8,785 15,471 16,507 17,619 18,489 19,179 20,133 21,050
EBITDA 1 1,036 1,643 1,738 1,833 2,051 1,698 1,920 2,084
EBIT 1 645 767 852 997 1,177 1,159 1,424 1,586
Net income 1 247 -581 -132 -309 149 460.7 670.2 812.7
Net Debt 1 899 2,085 2,135 2,994 522 1,079 775.8 403.7
Reference price 2 42.52 21.27 25.08 14.13 20.38 22.84 22.84 22.84
Nbr of stocks (in thousands) 371,199 373,392 380,453 384,291 461,511 462,030 - -
Announcement Date 5/11/21 5/11/22 5/10/23 5/8/24 5/14/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.95x0.61x6.83x-.--% 12.43B
21.94x2.03x16.64x2.85% 65.45B
17.03x1.7x9.5x2.83% 37.98B
12.87x1.13x11.56x4.22% 38.24B
27.76x1.8x19.82x1.29% 38.57B
31.47x4.51x18.06x1.59% 31.3B
14x1.5x11.19x2.02% 18.63B
23.37x2.17x11.84x2.12% 19.34B
-7.13x - - 0.72% 16.66B
22.27x2.51x13.37x2.63% 15.71B
Average 18.55x 2.00x 13.20x 2.03% 29.43B
Weighted average by Cap. 19.87x 2.05x 14.24x 2.33%

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