Company Valuation: Atenor

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 382 325.5 52.91 147.6 146.9 66.74 - -
Change - -14.79% -83.75% 179.06% -0.48% -54.58% - -
Enterprise Value (EV) 1 1,124 325.5 860 812.3 668.4 657.2 687.3 698.4
Change - -71.04% 164.19% -5.54% -17.72% -1.66% 4.57% 1.62%
P/E 10x -372x -0.7x -3.78x -1.01x -4.96x 2.45x 2.28x
PBR 1.28x 1.2x 0.94x 0.51x 0.67x 0.28x 0.29x 0.28x
PEG - 4x -0x 0x -0x 0.1x -0x 0.3x
Capitalization / Revenue 2.19x 7.94x 0.59x 0.46x 1x 0.35x 0.33x 0.35x
EV / Revenue 6.46x 7.94x 9.61x 2.53x 4.55x 3.46x 3.37x 3.69x
EV / EBITDA 17.3x - - 24x -11.2x 47.1x 12.1x 13.3x
EV / EBIT 17.5x 16.7x -13.4x -215x -11x 86.5x 11.4x 9.86x
EV / FCF -5.2x - -8.56x 5.02x - 18.1x 24.4x 6.75x
FCF Yield -19.2% - -11.7% 19.9% - 5.52% 4.1% 14.8%
Dividend per Share 2 2.54 2.67 - - - - - -
Rate of return 4.47% 5.52% - - - - - -
EPS 2 5.66 -0.13 -10.6 -0.9 -2.4 -0.2219 0.449 0.4826
Distribution rate 44.9% -2,054% - - - - - -
Net sales 1 174.1 41.01 89.47 321.3 147 189.7 203.7 189.2
EBITDA 1 64.95 - - 33.91 -59.71 13.94 57.03 52.68
EBIT 1 64.16 19.46 -64.13 -3.774 -61.02 7.6 60.35 70.8
Net income 1 38.07 -0.843 -107.1 -39.4 -138.7 -13.48 27.34 29.45
Net Debt 1 742.1 - 807 664.6 521.4 590.5 620.6 631.7
Reference price 2 56.800 48.400 7.440 3.400 2.420 1.100 1.100 1.100
Nbr of stocks (in thousands) 6,725 6,725 7,112 43,426 60,716 60,676 - -
Announcement Date 10/03/22 10/03/23 02/03/24 28/02/25 05/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-5x3.47x47.19x-.--% 7.83Cr
15.35x4.89x13.14x3.3% 4.37TCr
18.19x3.99x16.05x1.35% 2.88TCr
8.21x1.5x7.93x4.36% 2.73TCr
5.51x0.67x1.4x9.07% 2.65TCr
14.34x3.09x14.81x2.51% 2.64TCr
10.67x2.16x9.19x3.93% 2.15TCr
7.9x0.88x3.19x2.83% 2.02TCr
13.51x6.49x17.07x1.61% 1.99TCr
16.86x9.52x17.92x4.86% 1.82TCr
Average 10.56x 3.67x 14.79x 3.38% 2.33TCr
Weighted average by Cap. 12.50x 3.59x 11.23x 3.74%

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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