Company Valuation: Fluidra, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,682 2,756 3,579 4,465 4,398 3,589 - -
Change - -58.75% 29.84% 24.77% -1.5% -18.39% - -
Enterprise Value (EV) 1 7,749 4,141 4,794 5,623 5,484 4,617 4,483 4,336
Change - -46.56% 15.76% 17.29% -2.46% -15.81% -2.91% -3.29%
P/E 26.6x 17.1x 31.4x 32.3x 25.3x 19.2x 14.7x 12.5x
PBR 4.16x 1.62x 2.28x 2.71x 2.76x 2.23x 2.05x 1.91x
PEG - -0.5x -1.1x 1.5x 1x 2.7x 0.5x 0.7x
Capitalization / Revenue 3.06x 1.15x 1.75x 2.12x 2.01x 1.58x 1.5x 1.43x
EV / Revenue 3.54x 1.73x 2.34x 2.68x 2.51x 2.04x 1.87x 1.72x
EV / EBITDA 14.1x 8.09x 10.8x 12.6x 10.9x 8.67x 7.74x 6.93x
EV / EBIT 18.3x 13.6x 20.3x 21.6x 16.4x 13.3x 11x 9.48x
EV / FCF 28.3x 98.8x 13.1x 23.7x 20.2x 20.6x 15.1x 12.9x
FCF Yield 3.53% 1.01% 7.61% 4.22% 4.95% 4.86% 6.63% 7.73%
Dividend per Share 2 0.4 0.85 0.7 0.55 0.65 0.6858 0.7674 0.8632
Rate of return 1.14% 5.85% 3.71% 2.34% 2.81% 3.63% 4.06% 4.57%
EPS 2 1.324 0.8481 0.6002 0.7273 0.9167 0.9818 1.282 1.508
Distribution rate 30.2% 100% 117% 75.6% 70.9% 69.9% 59.8% 57.2%
Net sales 1 2,187 2,389 2,051 2,102 2,184 2,268 2,392 2,516
EBITDA 1 549 512 445 447.4 501 532.3 579.5 625.9
EBIT 1 424.3 304.3 236.1 259.7 334 347 408.4 457.5
Net income 1 252 159.9 113.8 138.1 176 190.1 248 290.9
Net Debt 1 1,067 1,385 1,215 1,158 1,087 1,028 894.1 746.7
Reference price 2 35.20 14.52 18.85 23.52 23.16 18.90 18.90 18.90
Nbr of stocks (in thousands) 1,89,828 1,89,816 1,89,848 1,89,840 1,89,892 1,89,893 - -
Announcement Date 28/02/22 27/02/23 29/02/24 27/02/25 26/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.25x2.04x8.67x3.63% 416.02Cr
21.5x2.2x12.6x1.08% 507.36Cr
21.08x2.18x10.53x3.17% 298.23Cr
26.93x1.23x9.81x-.--% 280.62Cr
17.01x0.74x3.49x-.--% 233.92Cr
15.62x1.04x9.43x1.61% 196.27Cr
16.18x1.1x8.95x1.09% 138.26Cr
9.71x0.8x6.54x - 120.35Cr
44.73x11.96x28.41x1.64% 103.31Cr
71.84x1.65x8.78x-.--% 81Cr
Average 26.38x 2.49x 10.72x 1.36% 237.52Cr
Weighted average by Cap. 22.58x 2.08x 10.20x 1.62%

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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  4. Valuation Fluidra, S.A.