Company Valuation: Stef

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,262 1,122 1,419 1,611 1,648 1,713 - -
Change - -11.11% 26.43% 13.56% 2.25% 3.96% - -
Enterprise Value (EV) 1 2,207 2,195 2,464 2,952 3,181 3,218 3,180 3,145
Change - -0.56% 12.27% 19.78% 7.76% 1.17% -1.17% -1.12%
P/E 11.6x 7.82x 7.53x 10.5x 19.7x 12.6x 10.2x 9.57x
PBR 1.38x 1.08x 1.31x 1.35x 1.27x 1.21x 1.12x 1.04x
PEG - 0.2x 0.2x -0.6x -0.4x 0.2x 0.4x 1.57x
Capitalization / Revenue 0.36x 0.26x 0.32x 0.34x 0.32x 0.32x 0.31x 0.3x
EV / Revenue 0.63x 0.51x 0.55x 0.61x 0.62x 0.6x 0.57x 0.55x
EV / EBITDA 6.16x 5.29x 5.77x 6.09x 7.31x 6.42x 5.8x 5.48x
EV / EBIT 14.3x 10.8x 9.74x 12.9x 18.4x 14.1x 12.1x 11.5x
EV / FCF 10.6x 42.8x 22x -58.9x -47.7x 28.8x 24.3x 20.4x
FCF Yield 9.46% 2.33% 4.54% -1.7% -2.1% 3.47% 4.12% 4.9%
Dividend per Share 2 3 4 5.1 4.15 2.7 4.067 5.107 5.427
Rate of return 2.94% 4.42% 4.47% 3.16% 2.05% 3% 3.77% 4.01%
EPS 2 8.78 11.58 15.16 12.46 6.66 10.73 13.33 14.14
Distribution rate 34.2% 34.5% 33.6% 33.3% 40.5% 37.9% 38.3% 38.4%
Net sales 1 3,507 4,264 4,442 4,801 5,120 5,392 5,555 5,722
EBITDA 1 358.1 414.8 426.8 484.3 435.2 500.9 548.1 573.3
EBIT 1 153.9 203.5 253 228.4 173 228.9 263.7 272.3
Net income 1 110 146.4 191.6 157.2 84.3 136.6 163.3 175.9
Net Debt 1 944.8 1,073 1,046 1,340 1,533 1,505 1,468 1,432
Reference price 2 102.00 90.60 114.20 131.20 131.40 135.40 135.40 135.40
Nbr of stocks (in thousands) 12,377 12,387 12,424 12,281 12,538 12,649 - -
Announcement Date 3/10/22 3/9/23 3/7/24 3/13/25 3/12/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.61x0.6x6.42x3% 1.97B
36.66x7.37x22.07x0.54% 44.12B
34.73x1.96x14.8x0.67% 25.52B
25.22x1.58x10.45x1.43% 11.1B
30.44x2.55x13.78x-.--% 9.25B
29.52x1.04x18.4x1.22% 5.93B
30.82x2.45x16.05x2.29% 3.73B
-77.62x0.59x29.92x-.--% 3.34B
45.25x0.84x7.01x1.53% 2.24B
Average 18.63x 2.11x 15.44x 1.19% 11.91B
Weighted average by Cap. 30.06x 4.07x 17.65x 0.76%

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