Company Valuation: Atmos Energy Corporation

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 11,536 14,248 15,727 21,532 27,409 31,493 - -
Change - 23.51% 10.38% 36.92% 27.29% 14.9% - -
Enterprise Value (EV) 1 18,750 22,344 22,594 29,087 36,202 41,918 43,956 45,157
Change - 19.17% 1.12% 28.74% 24.46% 15.79% 4.86% 2.73%
P/E ratio 17.2x 18.2x 17.4x 20.3x 22.9x 23x 21.5x 19.8x
PBR 1.48x 1.52x 1.41x 1.77x 2.03x 2.11x 1.97x 1.84x
PEG - 1.94x 1.95x 1.7x 2.48x 2.1x 3.01x 2.34x
Capitalization / Revenue 3.39x 3.39x 3.68x 5.17x 5.83x 5.87x 5.19x 4.87x
EV / Revenue 5.5x 5.32x 5.28x 6.98x 7.7x 7.81x 7.25x 6.99x
EV / EBITDA 13.6x 15.3x 13.5x 14.4x 15.8x 16.1x 15x 13.7x
EV / EBIT 20.7x 24.3x 21.2x 21.5x 23.2x 23.3x 21.5x 19.6x
EV / FCF -6.14x -15.2x 34.6x -24.2x -23.9x -20.2x -24.6x 21.4x
FCF Yield -16.3% -6.56% 2.89% -4.14% -4.18% -4.94% -4.06% 4.68%
Dividend per Share 2 2.5 2.72 2.96 3.22 3.48 4 4.3 4.628
Rate of return 2.83% 2.67% 2.79% 2.32% 2.04% 2.1% 2.26% 2.43%
EPS 2 5.12 5.6 6.1 6.83 7.46 8.273 8.863 9.613
Distribution rate 48.8% 48.6% 48.5% 47.1% 46.6% 48.4% 48.5% 48.1%
Net sales 1 3,407 4,202 4,275 4,165 4,703 5,364 6,064 6,461
EBITDA 1 1,383 1,457 1,671 2,025 2,295 2,596 2,936 3,288
EBIT 1 905 921 1,067 1,355 1,560 1,799 2,046 2,309
Net income 1 665.6 774.4 885.9 1,000 1,199 1,367 1,525 1,699
Net Debt 1 7,214 8,096 6,867 7,555 8,792 10,425 12,463 13,664
Reference price 2 88.20 101.85 105.93 138.71 170.75 190.36 190.36 190.36
Nbr of stocks (in thousands) 130,791 139,892 148,462 155,233 160,524 165,439 - -
Announcement Date 11/10/21 11/9/22 11/8/23 11/6/24 11/6/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.01x7.81x16.15x2.1% 31.49B
13.39x1.97x7.14x6.81% 29.14B
15.76x1.59x10.41x1.86% 15.6B
12.83x1.32x8.32x1.4% 15.27B
13.36x0.85x9.83x3.65% 10.89B
53.61x8.02x12.07x5.81% 9.37B
18.9x5.28x9.78x4.07% 9.1B
12.13x4.31x7.06x2.31% 8.93B
Average 20.38x 3.89x 10.09x 3.5% 16.22B
Weighted average by Cap. 19.15x 4.00x 10.62x 3.6%

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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