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 6,729 - -
Change - 20.14% -43.09% 73.21% 19.17% -39.97% - -
Enterprise Value (EV) 1 10,027 11,677 8,424 9,928 12,467 7,932 7,774 7,393
Change - 16.45% -27.86% 17.85% 25.58% -36.37% -1.99% -4.91%
P/E -13.6x -71.7x -17.4x 65.7x 40.4x 12.3x 9.28x 7.75x
PBR 0.89x 1.05x 0.63x 0.9x - 0.59x 0.56x 0.53x
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 0.33x 0.31x 0.3x
EV / Revenue 0.65x 0.71x 0.48x 0.54x 0.65x 0.39x 0.36x 0.33x
EV / EBITDA 6.1x 6.72x 4.6x 4.84x 6.29x 4.61x 4.04x 3.42x
EV / EBIT 13.1x 13.7x 8.45x 8.43x 10.7x 5.94x 5.2x 4.55x
EV / FCF -10.1x 58.7x -14.9x 20.3x 38.5x 62.4x 32.2x 21.3x
FCF Yield -9.89% 1.7% -6.73% 4.94% 2.6% 1.6% 3.11% 4.71%
Dividend per Share 2 0.25 0.25 - - - 0.2257 0.3643 0.4945
Rate of return 1.18% 1% - - - 1.55% 2.5% 3.4%
EPS 2 -1.56 -0.35 -0.81 0.31 0.6 1.179 1.568 1.876
Distribution rate -16% -71.4% - - - 19.1% 23.2% 26.4%
Net sales 1 15,471 16,507 17,619 18,489 19,171 20,212 21,374 22,419
EBITDA 1 1,643 1,738 1,833 2,051 1,981 1,719 1,926 2,159
EBIT 1 767 852 997 1,177 1,168 1,336 1,495 1,626
Net income 1 -581 -132 -309 149 324 553.5 725.5 877.3
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 14.54 14.54 14.54
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.($)
12.33x0.39x4.61x1.55% 766.81Cr
18.61x1.72x14.12x2.93% 5.86TCr
17.4x1.74x9.9x2.56% 4.33TCr
11.43x1.07x10.6x4.53% 3.68TCr
31.85x4.61x18.44x1.57% 3.01TCr
11.18x1.51x9.1x1.95% 1.99TCr
24.13x2.25x12.19x1.96% 1.98TCr
30.52x1x17.85x1.2% 1.62TCr
9.81x - - 0.71% 1.63TCr
24.17x2.68x14.45x2.48% 1.61TCr
Average 19.14x 1.89x 12.36x 2.15% 2.65TCr
Weighted average by Cap. 19.12x 1.98x 12.80x 2.48%

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