Company Valuation: Ernst Russ AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204.3 144.7 136.5 192.7 234.5 268.2 - -
Change - -29.21% -5.63% 41.16% 21.68% 14.37% - -
Enterprise Value (EV) 1 257.1 144.7 82.85 93.57 122 265.7 106.6 124.6
Change - -43.73% -42.72% 12.93% 30.38% 117.78% -59.89% 16.89%
P/E 12.9x 3.05x 2.45x 4.54x 3.19x 8.08x 10.1x 9.71x
PBR 2.83x - 0.8x 0.74x 0.94x 0.93x 0.83x 0.78x
PEG - 0x 0.2x -0.2x 0x -0.1x -0.5x 2.56x
Capitalization / Revenue 2.21x - 0.67x 1.12x 1.48x 1.74x 1.67x 1.64x
EV / Revenue 2.79x - 0.41x 0.54x 0.77x 1.72x 0.67x 0.76x
EV / EBITDA 6.51x - 0.71x 1.01x 0.97x 3.15x 1.6x 1.88x
EV / EBIT 8.35x - 0.96x 1.38x 1.27x 5.11x 2.98x 3.36x
EV / FCF 7.03x - - - 2.96x 5.94x 2.43x 3.36x
FCF Yield 14.2% - - - 33.8% 16.8% 41.2% 29.8%
Dividend per Share 2 - - 1 0.2 0.25 0.3167 0.3 0.34
Rate of return - - 24.5% 3.5% 3.59% 3.98% 3.77% 4.27%
EPS 2 0.49 1.46 1.66 1.26 2.18 0.985 0.79 0.82
Distribution rate - - 60.2% 15.9% 11.5% 32.1% 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 84.4 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 33.3 26.53 27.6
Net Debt 1 52.75 - -53.66 -99.14 -112.5 -2.5 -161.6 -143.6
Reference price 2 6.300 4.460 4.075 5.720 6.960 7.960 7.960 7.960
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.08x6x12.85x1.98% 179B
14.85x3.59x - 2.39% 162B
17.2x7.58x - 1.46% 108B
25.37x13.29x22.8x3.85% 83.49B
13.99x5.34x - 1.87% 51.4B
12.19x1.88x5.75x1.2% 49.08B
5.73x5.64x4.13x3.26% 39.48B
14.44x5.26x16.4x1.82% 33.65B
Average 15.61x 6.07x 12.39x 2.23% 88.26B
Weighted average by Cap. 17.26x 6.16x 13.52x 2.22%

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