Company Valuation: Acerinox S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,079 2,403 2,654 2,355 3,155 3,989 - -
Change - -21.94% 10.44% -11.27% 33.98% 26.43% - -
Enterprise Value (EV) 1 3,657 2,843 2,995 3,475 4,344 5,198 5,039 4,834
Change - -22.25% 5.34% 16.02% 25.01% 19.64% -3.06% -4.07%
P/E 5.4x 4.28x 11.7x 10.5x -79.1x 17.4x 10.7x 9.26x
PBR 1.42x 0.93x 1.1x 0.91x 1.51x 1.83x 1.62x 1.49x
PEG - 1.81x -0.2x -9.55x 1x -0x 0.2x 0.6x
Capitalization / Revenue 0.46x 0.28x 0.4x 0.44x 0.55x 0.63x 0.57x 0.54x
EV / Revenue 0.55x 0.33x 0.45x 0.64x 0.75x 0.83x 0.72x 0.66x
EV / EBITDA 3.7x 2.23x 4.26x 6.95x 12.3x 8.79x 6.43x 5.65x
EV / EBIT 4.51x 2.63x 5.65x 9.98x 28.4x 13.6x 8.9x 7.63x
EV / FCF 12.7x 6.93x 9.68x -5.25x 20.4x 21.6x 13.7x 10.4x
FCF Yield 7.89% 14.4% 10.3% -19% 4.9% 4.64% 7.29% 9.57%
Dividend per Share 2 0.5 0.5 0.6 0.62 0.62 0.6219 0.745 0.6473
Rate of return 4.39% 5.41% 5.63% 6.56% 4.9% 3.89% 4.66% 4.05%
EPS 2 2.11 2.16 0.91 0.9 -0.16 0.9214 1.495 1.728
Distribution rate 23.7% 23.1% 65.9% 68.9% -388% 67.5% 49.8% 37.5%
Net sales 1 6,706 8,688 6,608 5,413 5,781 6,284 6,997 7,338
EBITDA 1 989 1,276 703 500 354 591.2 783 855.6
EBIT 1 810 1,080 530 348.1 153.2 382.9 566.2 633.5
Net income 1 572 556.1 228 224.9 -40.07 231.4 374.3 440.5
Net Debt 1 578 440 341 1,120 1,189 1,209 1,050 844.3
Reference price 2 11.38 9.24 10.66 9.45 12.66 16.00 16.00 16.00
Nbr of stocks (in thousands) 2,70,453 2,60,060 2,49,118 2,49,229 2,49,244 2,49,328 - -
Announcement Date 27/02/22 28/02/23 01/03/24 28/02/25 25/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.77x0.81x8.59x4.01% 442.34Cr
20.38x1.78x9.71x0.56% 3.13TCr
11.04x0.42x4.12x4.94% 1.72TCr
29.08x2.28x12.91x0.23% 1.1TCr
77.09x6.33x35.71x0.39% 1.07TCr
16.37x0.89x7.47x5.62% 972.84Cr
9.39x - - - 941.74Cr
78.94x1.35x13.18x1.14% 878.3Cr
8.12x0.51x3.83x5.89% 852.37Cr
Average 29.69x 1.80x 11.94x 2.85% 1.23TCr
Weighted average by Cap. 27.51x 1.81x 11.39x 2.38%

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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