Company Valuation: Alstom

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 7,942 9,542 5,430 9,406 11,209 7,309 - -
Change - 20.14% -43.09% 73.21% 19.17% -34.79% - -
Enterprise Value (EV) 1 10,027 11,677 8,424 9,928 12,467 8,513 8,354 7,973
Change - 16.45% -27.86% 17.85% 25.58% -31.72% -1.86% -4.57%
P/E -13.6x -71.7x -17.4x 65.7x 40.4x 13.5x 10.1x 8.42x
PBR 0.89x 1.05x 0.63x 0.9x - 0.64x 0.61x 0.57x
PEG - 0.9x -0x -0x 0.4x 0.1x 0.3x 0.4x
Capitalization / Revenue 0.51x 0.58x 0.31x 0.51x 0.58x 0.36x 0.34x 0.33x
EV / Revenue 0.65x 0.71x 0.48x 0.54x 0.65x 0.42x 0.39x 0.36x
EV / EBITDA 6.1x 6.72x 4.6x 4.84x 6.29x 4.87x 4.26x 3.69x
EV / EBIT 13.1x 13.7x 8.45x 8.43x 10.7x 6.36x 5.58x 4.9x
EV / FCF -10.1x 58.7x -14.9x 20.3x 38.5x 67x 34.6x 22.9x
FCF Yield -9.89% 1.7% -6.73% 4.94% 2.6% 1.49% 2.89% 4.36%
Dividend per Share 2 0.25 0.25 - - - 0.2257 0.3643 0.4945
Rate of return 1.18% 1% - - - 1.43% 2.31% 3.13%
EPS 2 -1.56 -0.35 -0.81 0.31 0.6 1.17 1.571 1.876
Distribution rate -16% -71.4% - - - 19.3% 23.2% 26.4%
Net sales 1 15,471 16,507 17,619 18,489 19,171 20,169 21,301 22,419
EBITDA 1 1,643 1,738 1,833 2,051 1,981 1,747 1,961 2,159
EBIT 1 767 852 997 1,177 1,168 1,339 1,497 1,626
Net income 1 -581 -132 -309 149 324 549.3 726.8 877.3
Net Debt 1 2,085 2,135 2,994 522 1,258 1,203 1,045 663.8
Reference price 2 21.27 25.08 14.13 20.38 24.26 15.80 15.80 15.80
Nbr of stocks (in thousands) 3,73,392 3,80,453 3,84,291 4,61,511 4,62,030 4,62,616 - -
Announcement Date 11/05/22 10/05/23 08/05/24 14/05/25 13/05/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.46x2.03x16.65x2.55% 6.74TCr
16.56x1.64x9.36x2.73% 4TCr
12.49x1.11x11.26x4.12% 3.96TCr
30.27x4.41x17.63x1.65% 2.99TCr
11.54x1.49x9.52x2.03% 1.87TCr
22.05x2.07x11.21x2.15% 1.83TCr
13.38x - - 0.73% 1.61TCr
22.81x2.54x13.71x2.64% 1.54TCr
23.35x0.79x13.79x1.69% 1.24TCr
Average 19.32x 2.01x 12.89x 2.25% 2.87TCr
Weighted average by Cap. 19.33x 2.04x 13.38x 2.5%

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