Company Valuation: Amica S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 862 581.5 636.7 398.1 479.5 360.2 - -
Change - -32.54% 9.5% -37.47% 20.42% -24.88% - -
Enterprise Value (EV) 1 1,165 581.5 714.4 503.6 530.8 462 423.7 489.2
Change - -50.1% 22.86% -29.5% 5.38% -12.96% -8.27% 15.44%
P/E - -60.2x - 30.2x - 9.91x 9.1x -
PBR - 0.53x - 0.38x - 0.35x 0.36x -
PEG - - - - - - 1.03x -
Capitalization / Revenue 0.25x 0.17x 0.22x 0.15x 0.2x 0.14x 0.13x 0.12x
EV / Revenue 0.34x 0.17x 0.25x 0.2x 0.22x 0.18x 0.16x 0.17x
EV / EBITDA 5.4x 6.63x 5.21x 4.02x 3.95x 3.44x 2.97x 2.99x
EV / EBIT 7.77x 32.1x 8.58x 7.75x 7.2x 6.14x 5.06x 4.8x
EV / FCF - - 16.2x 8.99x 6.85x -6.79x 21.2x 18.8x
FCF Yield - - 6.16% 11.1% 14.6% -14.7% 4.72% 5.32%
Dividend per Share 2 - 3.5 - 2.5 2 2.185 2.51 2.92
Rate of return - 4.62% - 4.82% 3.2% 4.65% 5.35% 6.22%
EPS 2 - -1.26 - 1.72 - 4.74 5.16 -
Distribution rate - -278% - 145% - 46.1% 48.6% -
Net sales 1 3,434 3,416 2,838 2,574 2,411 2,515 2,673 2,889
EBITDA 1 215.8 87.7 137.1 125.4 134.4 134.3 142.8 163.5
EBIT 1 149.9 18.1 83.3 65 73.7 75.2 83.8 102
Net income 1 111.7 -8.1 -4 13.2 17.5 32.85 46.55 67
Net Debt 1 303.4 - 77.7 105.5 51.3 101.8 63.57 129
Reference price 2 113.00 75.80 83.00 51.90 62.50 46.95 46.95 46.95
Nbr of stocks (in thousands) 7,628 7,671 7,671 7,671 7,671 7,671 - -
Announcement Date 31/03/22 31/03/23 02/04/24 11/04/25 10/04/26 - - -
1PLN in Million2PLN
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 0.18x3.4x4.72% 9.44Cr
7.75x1.16x5.41x7.4% 3.22TCr
12.86x0.31x5.2x4.29% 527.04Cr
10.15x1.67x6.56x3.38% 523.25Cr
15.33x1.04x10.76x0.65% 459.11Cr
13.46x1.01x7.99x2.11% 430.49Cr
15.93x - - 5.01% 255.72Cr
14.32x1.6x11.44x5.8% 238.59Cr
15.74x0.48x7.88x2.84% 221.68Cr
22.38x - - 1.91% 204.06Cr
Average 14.21x 0.93x 7.33x 3.81% 608.98Cr
Weighted average by Cap. 10.76x 1.09x 6.48x 5.39%

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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  4. Valuation Amica S.A.
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