Company Valuation: Alerion Clean Power S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,596 1,739 1,433 856.6 988.2 1,206 - -
Change - 8.95% -17.59% -40.21% 15.36% 22.02% - -
Enterprise Value (EV) 1 2,099 2,200 1,969 1,455 1,669 1,846 1,878 1,874
Change - 4.83% -10.5% -26.12% 14.72% 10.62% 1.72% -0.22%
P/E Ratio 32.8x 24.4x 21.5x 8.94x - 10.1x 9.1x 7.75x
PBR 7.03x 5.88x 4.5x 2.37x 2.35x 2.2x 1.88x 1.61x
PEG - 0.5x -3.55x 0.2x - - 0.8x 0.4x
Capitalization / Revenue 10.4x 6.35x 7.1x 3.52x 4x 4.08x 3.57x 3.21x
EV / Revenue 13.7x 8.04x 9.76x 5.97x 6.76x 6.25x 5.55x 4.99x
EV / EBITDA 15.9x 9.45x 12.9x 7.72x 8.74x 7.78x 6.74x 6.05x
EV / EBIT 23.1x 11.6x 26x 10.7x 12.1x 10.2x 8.85x 7.87x
EV / FCF - - 625x -35.7x - -23.8x -42.9x -40.6x
FCF Yield - - 0.16% -2.8% - -4.2% -2.33% -2.46%
Dividend per Share 2 0.44 0.65 0.61 0.61 0.61 0.8025 0.8609 0.9575
Rate of return 1.49% 2.02% 2.29% 3.81% 3.31% 3.57% 3.83% 4.26%
EPS 2 0.9 1.32 1.24 1.79 - 2.228 2.472 2.905
Distribution rate 48.9% 49.2% 49.2% 34.1% - 36% 34.8% 33%
Net sales 1 153.7 273.7 201.7 243.6 246.9 295.5 338.2 375.3
EBITDA 1 131.9 232.8 152.2 188.4 191 237.4 278.8 309.8
EBIT 1 90.9 189.8 75.77 135.5 137.9 181.2 212.2 238
Net income 1 - - 66.82 95.79 93.27 118.3 127 150
Net Debt 1 503 461.5 536.4 598.2 680.7 640.4 672.1 668
Reference price 2 29.55 32.20 26.60 16.00 18.44 22.50 22.50 22.50
Nbr of stocks (in thousands) 54,004 53,994 53,865 53,538 53,590 53,590 - -
Announcement Date 18/03/22 09/03/23 12/03/24 13/03/25 18/03/26 - - -
1EUR in Million2EUR
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.07x10.18x14.28x2.21% 2.63TCr
75.15x19.68x23x-.--% 2.56TCr
31.36x8x10.47x1.27% 1.62TCr
9.07x5.29x8.44x3.18% 734.3Cr
29.97x - - 1.3% 431.36Cr
Average 33.12x 10.79x 14.05x 1.59% 1.6TCr
Weighted average by Cap. 39.57x 12.46x 15.86x 1.35%

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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