Company Valuation: Atenor

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 382 325.5 52.91 147.6 146.9 75.9 - -
Change - -14.79% -83.75% 179.06% -0.48% -48.35% - -
Enterprise Value (EV) 1 1,124 325.5 860 812.3 668.4 666.4 696.5 707.6
Change - -71.04% 164.19% -5.54% -17.72% -0.29% 4.51% 1.6%
P/E 10x -372x -0.7x -3.78x -1.01x -5.63x 2.78x 2.59x
PBR 1.28x 1.2x 0.94x 0.51x 0.67x 0.32x 0.33x 0.32x
PEG - 4x -0x 0x -0x 0.1x -0x 0.35x
Capitalization / Revenue 2.19x 7.94x 0.59x 0.46x 1x 0.4x 0.37x 0.4x
EV / Revenue 6.46x 7.94x 9.61x 2.53x 4.55x 3.51x 3.42x 3.74x
EV / EBITDA 17.3x - - 24x -11.2x 47.8x 12.2x 13.4x
EV / EBIT 17.5x 16.7x -13.4x -215x -11x 87.7x 11.5x 9.99x
EV / FCF -5.2x - -8.56x 5.02x - 18.4x 24.7x 6.84x
FCF Yield -19.2% - -11.7% 19.9% - 5.45% 4.05% 14.6%
Dividend per Share 2 2.54 2.67 - - - - - -
Rate of return 4.47% 5.52% - - - - - -
EPS 2 5.66 -0.13 -10.6 -0.9 -2.4 -0.2219 0.449 0.4826
Distribution rate 44.9% -2,054% - - - - - -
Net sales 1 174.1 41.01 89.47 321.3 147 189.7 203.7 189.2
EBITDA 1 64.95 - - 33.91 -59.71 13.94 57.03 52.68
EBIT 1 64.16 19.46 -64.13 -3.774 -61.02 7.6 60.35 70.8
Net income 1 38.07 -0.843 -107.1 -39.4 -138.7 -13.46 27.34 29.45
Net Debt 1 742.1 - 807 664.6 521.4 590.5 620.6 631.7
Reference price 2 56.800 48.400 7.440 3.400 2.420 1.250 1.250 1.250
Nbr of stocks (in thousands) 6,725 6,725 7,112 43,426 60,716 60,716 - -
Announcement Date 3/10/22 3/10/23 3/2/24 2/28/25 3/5/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-5.5x3.5x47.68x-.--% 85.86M
14.9x4.77x12.83x3.4% 42.42B
19.17x4.05x16.27x1.31% 28.61B
8.15x1.5x7.87x4.44% 26.77B
14.43x3.1x14.85x2.5% 25.7B
5.32x0.6x1.27x9.4% 25.6B
7.77x0.86x3.13x2.88% 19.86B
10.78x2.05x9.56x4.12% 20.41B
13.22x6.48x17.08x1.62% 19.21B
16.5x9.27x17.46x5.02% 17.62B
Average 10.47x 3.62x 14.80x 3.47% 22.63B
Weighted average by Cap. 12.48x 3.54x 11.19x 3.83%

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