Company Valuation: Ernst Russ AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204.3 144.7 136.5 192.7 234.5 270.2 - -
Change - -29.21% -5.63% 41.16% 21.68% 15.23% - -
Enterprise Value (EV) 1 257.1 144.7 82.85 93.57 122 205.8 108.6 126.6
Change - -43.73% -42.72% 12.93% 30.38% 68.72% -47.24% 16.58%
P/E 12.9x 3.05x 2.45x 4.54x 3.19x 7.31x 10.2x 9.78x
PBR 2.83x - 0.8x 0.74x 0.94x 0.88x 0.84x 0.79x
PEG - 0x 0.2x -0.2x 0x -0.1x -0.4x 2.58x
Capitalization / Revenue 2.21x - 0.67x 1.12x 1.48x 1.75x 1.69x 1.65x
EV / Revenue 2.79x - 0.41x 0.54x 0.77x 1.34x 0.68x 0.78x
EV / EBITDA 6.51x - 0.71x 1.01x 0.97x 2.53x 1.63x 1.91x
EV / EBIT 8.35x - 0.96x 1.38x 1.27x 3.96x 3.04x 3.42x
EV / FCF 7.03x - - - 2.96x 4.7x 2.48x 3.42x
FCF Yield 14.2% - - - 33.8% 21.3% 40.4% 29.3%
Dividend per Share 2 - - 1 0.2 0.25 0.3167 0.3 0.34
Rate of return - - 24.5% 3.5% 3.59% 3.95% 3.74% 4.24%
EPS 2 0.49 1.46 1.66 1.26 2.18 1.097 0.79 0.82
Distribution rate - - 60.2% 15.9% 11.5% 28.9% 38% 41.5%
Net sales 1 92.28 - 202.7 172.7 158.1 154.1 160.2 163.3
EBITDA 1 39.49 - 116.6 93 126.2 81.33 66.73 66.2
EBIT 1 30.8 - 86.6 67.7 96.4 52.03 35.73 37.03
Net income 1 15.78 47.27 55.08 42.47 73.48 37 26.53 27.6
Net Debt 1 52.75 - -53.66 -99.14 -112.5 -64.37 -161.6 -143.6
Reference price 2 6.300 4.460 4.075 5.720 6.960 8.020 8.020 8.020
Nbr of stocks (in thousands) 32,434 32,434 33,500 33,689 33,689 33,689 - -
Announcement Date 24/03/22 22/03/23 18/03/24 25/03/25 24/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.21x5.42x11.85x2.23% 16TCr
15.39x3.52x - 2.35% 16TCr
17.16x7.48x - 1.5% 10TCr
25.13x11.68x20.04x4.31% 7.37TCr
14.33x5.29x - 1.94% 4.99TCr
11.79x1.72x5.33x1.33% 4.5TCr
4.88x4.97x4.96x3.56% 3.58TCr
13.96x5.42x17.89x1.81% 3.38TCr
Average 15.36x 5.69x 12.01x 2.38% 8.23TCr
Weighted average by Cap. 16.95x 5.70x 12.62x 2.34%

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