Company Valuation: Federated Hermes, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 3,491 3,080 2,767 3,204 3,848 4,053 - -
Change - -11.77% -10.16% 15.78% 20.13% 5.3% - -
Enterprise Value (EV) 1 3,491 3,080 2,767 3,180 3,745 3,704 3,749 3,623
Change - -11.77% -10.16% 14.92% 17.76% -1.1% 1.22% -3.36%
P/E ratio 13.7x 13.7x 9.96x 12.7x 10.2x 11.1x 9.98x 9.42x
PBR 3.15x - 2.55x 3.41x 3.32x 3.35x 3.26x -
PEG - -3.77x 0.4x -2.54x 0.2x -5.91x 0.9x 1.6x
Capitalization / Revenue 2.68x 2.13x 1.72x 1.96x 2.14x 2.07x 1.98x 2.02x
EV / Revenue 2.68x 2.13x 1.72x 1.95x 2.08x 1.89x 1.83x 1.81x
EV / EBITDA 8.81x 8.44x 6.68x 8.28x 6.98x 6.68x 6.29x 5.87x
EV / EBIT 9.53x 9.14x 7.14x 8.8x 7.29x 6.98x 6.56x 6.04x
EV / FCF - - 9.1x 9.28x 12.7x 11.3x 9.77x 10.9x
FCF Yield - - 11% 10.8% 7.87% 8.87% 10.2% 9.15%
Dividend per Share 2 1.08 1.08 1.11 2.21 1.33 1.507 1.47 1.6
Rate of return 2.87% 2.97% 3.28% 5.38% 2.55% 2.69% 2.63% 2.86%
EPS 2 2.75 2.65 3.4 3.23 5.13 5.034 5.608 5.938
Distribution rate 39.3% 40.8% 32.6% 68.4% 25.9% 29.9% 26.2% 26.9%
Net sales 1 1,300 1,446 1,610 1,632 1,801 1,958 2,044 2,002
EBITDA 1 396.3 364.9 414.4 383.9 536.1 554.2 595.8 617
EBIT 1 366.3 336.8 387.5 361.5 513.9 530.9 571.3 600
Net income 1 270.3 239.5 299 268.3 403.3 391 407.5 431
Net Debt 1 - - - -23.86 -103.9 -349 -304 -430
Reference price 2 37.58 36.31 33.86 41.11 52.07 55.95 55.95 55.95
Nbr of stocks (in thousands) 92,891 84,822 81,718 77,927 73,910 72,431 - -
Announcement Date 1/27/22 1/26/23 1/25/24 1/30/25 1/29/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.12x1.89x6.68x2.69% 4.05B
20.55x7.13x13.51x4.19% 97.22B
28.39x9.4x13.98x0.77% 91.18B
21.06x6.09x14.11x4.29% 28.47B
11.76x4.57x8.97x5.55% 20.24B
11.18x4.71x13.37x2.77% 18.22B
18.06x1.77x6.71x4.24% 16.13B
12.23x9.29x - 10.1% 13.65B
41.81x - - 1.84% 12.95B
45.55x6.56x22.18x1.38% 8.95B
Average 22.17x 5.71x 12.44x 3.78% 31.11B
Weighted average by Cap. 22.76x 7.12x 13.18x 3.26%

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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  4. Valuation Federated Hermes, Inc.