Company Valuation: Ernst Russ AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204.3 144.7 136.5 192.7 234.5 276.3 - -
Change - -29.21% -5.63% 41.16% 21.68% 17.82% - -
Enterprise Value (EV) 1 257.1 144.7 82.85 93.57 122 211.9 114.7 132.7
Change - -43.73% -42.72% 12.93% 30.38% 73.69% -45.89% 15.7%
P/E 12.9x 3.05x 2.45x 4.54x 3.19x 7.11x 9.87x 9.51x
PBR 2.83x - 0.8x 0.74x 0.94x 0.85x 0.81x 0.77x
PEG - 0x 0.2x -0.2x 0x -0.1x -0.4x 2.5x
Capitalization / Revenue 2.21x - 0.67x 1.12x 1.48x 1.79x 1.72x 1.69x
EV / Revenue 2.79x - 0.41x 0.54x 0.77x 1.37x 0.72x 0.81x
EV / EBITDA 6.51x - 0.71x 1.01x 0.97x 2.61x 1.72x 2x
EV / EBIT 8.35x - 0.96x 1.38x 1.27x 4.07x 3.21x 3.58x
EV / FCF 7.03x - - - 2.96x 4.84x 2.61x 3.58x
FCF Yield 14.2% - - - 33.8% 20.7% 38.3% 27.9%
Dividend per Share 2 - - 1 0.2 0.25 0.3167 0.3 0.34
Rate of return - - 24.5% 3.5% 3.59% 4.06% 3.85% 4.36%
EPS 2 0.49 1.46 1.66 1.26 2.18 1.097 0.79 0.82
Distribution rate - - 60.2% 15.9% 11.5% 28.9% 38% 41.5%
Net sales 1 92.28 - 202.7 172.7 158.1 154.1 160.2 163.3
EBITDA 1 39.49 - 116.6 93 126.2 81.33 66.73 66.2
EBIT 1 30.8 - 86.6 67.7 96.4 52.03 35.73 37.03
Net income 1 15.78 47.27 55.08 42.47 73.48 37 26.53 27.6
Net Debt 1 52.75 - -53.66 -99.14 -112.5 -64.37 -161.6 -143.6
Reference price 2 6.300 4.460 4.075 5.720 6.960 7.800 7.800 7.800
Nbr of stocks (in thousands) 32,434 32,434 33,500 33,689 33,689 33,689 - -
Announcement Date 3/24/22 3/22/23 3/18/24 3/25/25 3/24/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.49x3.55x - 2.34% 158B
20.29x5.39x11.82x2.24% 157B
16.94x7.42x - 1.51% 103B
25.57x11.89x20.4x4.23% 74.94B
14.24x5.26x - 1.97% 48.7B
11.96x1.75x5.44x1.31% 45.62B
4.87x4.94x4.93x3.6% 35.48B
15.24x5.47x17.77x1.81% 33.52B
Average 15.58x 5.71x 12.07x 2.38% 81.98B
Weighted average by Cap. 17.09x 5.73x 12.71x 2.35%

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