Company Valuation: Ernst Russ AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204.3 144.7 136.5 192.7 234.5 283 - -
Change - -29.21% -5.63% 41.16% 21.68% 20.69% - -
Enterprise Value (EV) 1 257.1 144.7 82.85 93.57 122 218.6 121.4 139.4
Change - -43.73% -42.72% 12.93% 30.38% 79.21% -44.48% 14.83%
P/E Ratio 12.9x 3.05x 2.45x 4.54x 3.19x 7.66x 10.6x 10.2x
PBR 2.83x - 0.8x 0.74x 0.94x 0.92x 0.88x 0.83x
PEG - 0x 0.2x -0.2x 0x -0.2x -0.4x 2.69x
Capitalization / Revenue 2.21x - 0.67x 1.12x 1.48x 1.84x 1.77x 1.73x
EV / Revenue 2.79x - 0.41x 0.54x 0.77x 1.42x 0.76x 0.85x
EV / EBITDA 6.51x - 0.71x 1.01x 0.97x 2.69x 1.82x 2.11x
EV / EBIT 8.35x - 0.96x 1.38x 1.27x 4.2x 3.4x 3.76x
EV / FCF 7.03x - - - 2.96x 4.99x 2.77x 3.76x
FCF Yield 14.2% - - - 33.8% 20% 36.1% 26.6%
Dividend per Share 2 - - 1 0.2 0.25 0.3167 0.3 0.34
Rate of return - - 24.5% 3.5% 3.59% 3.77% 3.57% 4.05%
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 8.400 8.400 8.400
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 Ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.28x5.68x12.55x2.18% 16TCr
15x3.43x - 2.45% 15TCr
16.31x7.25x - 1.55% 9.91TCr
25.13x12.29x17.66x4.12% 7.77TCr
13.89x5.2x - 2.07% 4.74TCr
10.87x1.55x4.83x1.45% 4.24TCr
15.39x5.24x16.39x1.88% 3.24TCr
4.26x4.38x4.36x4.15% 3.16TCr
Average 15.27x 5.63x 11.16x 2.48% 8.1TCr
Weighted average by Cap. 17.14x 5.79x 12.36x 2.41%

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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