Company Valuation: Exponent, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,083 5,018 4,602 4,463 3,500 3,212 - -
Change - -17.51% -8.28% -3.02% -21.59% -8.22% - -
Enterprise Value (EV) 1 5,800 5,018 4,415 4,204 3,278 3,089 2,997 2,906
Change - -13.49% -12.01% -4.77% -22.04% -5.77% -2.95% -3.04%
P/E 61.4x 50.6x 46.9x 41.7x 33.9x 28.9x 25.5x 23.7x
PBR 14.9x - 12.9x 10.8x 9.21x 9.22x 7.23x 6.26x
PEG - 16.02x -45.96x 4.76x -17.88x 2.5x 1.9x 3.09x
Capitalization / Revenue 14x 10.8x 9.26x 8.61x 6.52x 5.3x 4.9x 4.73x
EV / Revenue 13.3x 10.8x 8.88x 8.11x 6.11x 5.09x 4.58x 4.28x
EV / EBITDA 43.9x 36.6x 32.1x 28.6x 22.1x 17.9x 15.7x 14.9x
EV / EBIT 53.2x 35.6x 39.7x 35.2x 27.4x 21.2x 17.5x 15.9x
EV / FCF 49.1x - - - 26.8x 17.2x 14.6x -
FCF Yield 2.04% - - - 3.73% 5.83% 6.87% -
Dividend per Share 2 0.8 - 1.04 1.12 1.2 1.24 1.3 1.24
Rate of return 0.69% - 1.14% 1.27% 1.71% 1.86% 1.95% 1.86%
EPS 2 1.9 1.96 1.94 2.11 2.07 2.307 2.615 2.816
Distribution rate 42.1% - 53.6% 53.1% 58% 53.7% 49.7% 44%
Net sales 1 434.8 463.8 497.2 518.5 536.8 606.3 655 678.5
EBITDA 1 132.3 137.2 137.7 147.1 148.1 172.1 190.5 195.2
EBIT 1 108.9 140.8 111.3 119.6 119.8 145.7 171.4 182.5
Net income 1 101.2 102.3 100.3 109 106 110.4 126.4 135.8
Net Debt 1 -282.7 - -187.2 -258.9 -221.9 -123.3 -214.5 -305.6
Reference price 2 116.73 99.09 90.91 87.92 70.15 66.79 66.79 66.79
Nbr of stocks (in thousands) 52,112 50,638 50,622 50,764 49,887 48,512 - -
Announcement Date 03/02/22 02/02/23 01/02/24 06/02/25 05/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.7x5.09x17.94x1.87% 321.2Cr
36.85x6.72x23.84x0.93% 8.09TCr
33.12x3.81x12.73x1.39% 1.72TCr
37.93x1.25x13.5x0.97% 1.69TCr
20.78x2.14x10.51x3.52% 1.46TCr
25.4x2.84x12.14x2.97% 1.21TCr
26.49x3.67x14.13x2.18% 839.36Cr
14.93x0.65x9.26x1.42% 680.83Cr
10.19x1.16x6.15x2.07% 612.94Cr
19.47x0.41x9.6x3.83% 550.63Cr
Average 25.39x 2.77x 12.98x 2.12% 1.72TCr
Weighted average by Cap. 31.38x 4.41x 17.51x 1.58%

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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