Company Valuation: Dassault Aviation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 7,902 13,163 14,159 15,390 21,417 25,324 - -
Change - 66.59% 7.57% 8.69% 39.17% 18.24% - -
Enterprise Value (EV) 1 3,150 9,416 7,050 7,142 12,181 16,501 17,167 17,968
Change - 198.9% -25.13% 1.31% 70.56% 35.46% 4.04% 4.66%
P/E ratio 13x 18.4x 20.9x 16.7x 21.9x 22.1x 18.2x 15.5x
PBR 1.5x 2.18x 2.47x 2.44x 3.21x 3.39x 3.01x 2.78x
PEG - 1x -36.03x 0.4x 3.49x 1.2x 0.8x 0.9x
Capitalization / Revenue 1.09x 1.9x 2.95x 2.47x 2.89x 2.91x 2.6x 2.22x
EV / Revenue 0.43x 1.36x 1.47x 1.15x 1.64x 1.9x 1.76x 1.57x
EV / EBITDA 4.64x 12.6x 13.5x 10.1x 14.5x 16.1x 14.3x 12.1x
EV / EBIT 5.98x 16.5x 20.2x 13.8x 19.2x 20.5x 17.7x 14.6x
EV / FCF 2.11x 1.91x -6.92x 4.65x 7.37x -42.4x -37.5x 180x
FCF Yield 47.3% 52.4% -14.4% 21.5% 13.6% -2.36% -2.67% 0.56%
Dividend per Share 2 2.49 3 3.37 4.72 4.78 5.36 6.327 7.503
Rate of return 2.62% 1.9% 1.88% 2.39% 1.75% 1.64% 1.94% 2.3%
EPS 2 7.28 8.62 8.57 11.78 12.52 14.75 17.95 21.05
Distribution rate 34.2% 34.8% 39.3% 40.1% 38.2% 36.3% 35.2% 35.6%
Net sales 1 7,246 6,929 4,801 6,230 7,420 8,688 9,737 11,423
EBITDA 1 678.6 746.8 523.6 705.4 840.9 1,027 1,200 1,487
EBIT 1 527 572.3 349.2 519.3 634.8 805.5 968.7 1,230
Net income 1 605.4 716.2 693.4 923.8 977.4 1,185 1,427 1,651
Net Debt 1 -4,751 -3,747 -7,109 -8,248 -9,236 -8,823 -8,156 -7,356
Reference price 2 95.00 158.20 179.20 197.20 273.80 326.60 326.60 326.60
Nbr of stocks (in thousands) 83,177 83,207 79,013 78,041 78,222 77,538 - -
Announcement Date 04/03/22 09/03/23 06/03/24 05/03/25 04/03/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.15x1.9x16.07x1.64% 2.99TCr
215.4x2.03x42.25x-.--% 18TCr
24.87x1.58x11.81x1.87% 17TCr
19.79x1.91x13.41x2.35% 14TCr
16.32x1.15x9.74x0.09% 1.59TCr
-10.79x69.23x-11.64x-.--% 902.95Cr
-8.16x80.19x-9.34x-.--% 414.7Cr
10.08x - - 2.3% 190.62Cr
-4.24x1918.81x-4.46x-.--% 102.4Cr
Average 31.71x 259.60x 8.48x 0.92% 6.01TCr
Weighted average by Cap. 84.08x 7.20x 21.72x 1.27%

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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