Company Valuation: Masterflex SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 62.13 79.26 80.41 90.22 136.6 134.2 - -
Change - 27.55% 1.46% 12.2% 51.39% -1.76% - -
Enterprise Value (EV) 1 78.05 96.1 93.51 99.17 139.3 133.5 126.1 116.3
Change - 23.12% -2.69% 6.05% 40.45% -4.17% -5.54% -7.77%
P/E 19x 10.2x 10.1x 10.9x 15.6x 14.5x 10.9x 9.52x
PBR - - - - - - - -
PEG - 0x 4.09x 3.02x 2.68x 2.4x 0.3x 0.7x
Capitalization / Revenue 0.79x 0.79x 0.8x 0.92x 1.33x 1.26x 1.13x 1.04x
EV / Revenue 0.99x 0.96x 0.92x 1.01x 1.36x 1.25x 1.06x 0.9x
EV / EBITDA 7.32x 5.85x 5.23x 5.46x 7.14x 6.92x 5.39x 4.43x
EV / EBIT 13.5x 8.43x 7.43x 7.8x 9.98x 9.74x 7.1x 5.77x
EV / FCF 23.3x 22.6x 12.8x 9.77x 13.2x 19.6x 11.5x 9.01x
FCF Yield 4.29% 4.42% 7.82% 10.2% 7.58% 5.09% 8.69% 11.1%
Dividend per Share 2 0.12 0.2 0.25 0.27 0.3 0.35 0.4 0.45
Rate of return 1.86% 2.43% 2.99% 2.88% 2.11% 2.51% 2.87% 3.23%
EPS 2 0.34 0.81 0.83 0.86 0.91 0.965 1.285 1.465
Distribution rate 35.3% 24.7% 30.1% 31.4% 33% 36.3% 31.1% 30.7%
Net sales 1 79.07 100.3 101.1 98.07 102.6 106.8 119 128.8
EBITDA 1 10.67 16.44 17.87 18.16 19.51 19.3 23.4 26.25
EBIT 1 5.764 11.4 12.58 12.71 13.96 13.7 17.75 20.15
Net income 1 3.282 7.777 7.993 8.23 8.713 9.35 12.45 14.2
Net Debt 1 15.92 16.84 13.1 8.95 2.7 -0.7 -8.1 -17.9
Reference price 2 6.46 8.24 8.36 9.38 14.20 13.95 13.95 13.95
Nbr of stocks (in thousands) 9,618 9,618 9,618 9,618 9,618 9,618 - -
Announcement Date 3/31/22 3/31/23 3/26/24 3/28/25 3/31/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
30.81x5.27x19.16x0.85% 121B
26.82x4.93x17.28x2.24% 35.46B
21.61x1.85x13.33x2.17% 31.42B
30.13x4.02x15.19x0.11% 29.63B
19.55x3.3x10.63x1.58% 27.05B
21.3x3.09x13.33x1.1% 25.98B
23.03x2.82x12.15x1.64% 24.68B
25.88x3.25x15.9x1.75% 24.01B
90.47x34.14x74.44x0.42% 23.57B
Average 32.18x 6.96x 21.27x 1.32% 38.13B
Weighted average by Cap. 31.08x 6.16x 20.04x 1.22%

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