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 3,405 - -
Change - -58.75% 29.84% 24.77% -1.5% -22.58% - -
Enterprise Value (EV) 1 7,749 4,141 4,794 5,623 5,484 4,415 4,280 4,131
Change - -46.56% 15.76% 17.29% -2.46% -19.5% -3.06% -3.47%
P/E 26.6x 17.1x 31.4x 32.3x 25.3x 18.3x 14.1x 12x
PBR 4.16x 1.62x 2.28x 2.71x 2.76x 2.11x 1.96x 1.82x
PEG - -0.5x -1.1x 1.5x 1x 2.33x 0.5x 0.7x
Capitalization / Revenue 3.06x 1.15x 1.75x 2.12x 2.01x 1.5x 1.42x 1.35x
EV / Revenue 3.54x 1.73x 2.34x 2.68x 2.51x 1.95x 1.79x 1.64x
EV / EBITDA 14.1x 8.09x 10.8x 12.6x 10.9x 8.29x 7.39x 6.6x
EV / EBIT 18.3x 13.6x 20.3x 21.6x 16.4x 12.7x 10.5x 9.03x
EV / FCF 28.3x 98.8x 13.1x 23.7x 20.2x 19.7x 15x 12.7x
FCF Yield 3.53% 1.01% 7.61% 4.22% 4.95% 5.09% 6.66% 7.89%
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% 3.79% 4.24% 4.77%
EPS 2 1.324 0.8481 0.6002 0.7273 0.9167 0.9887 1.282 1.508
Distribution rate 30.2% 100% 117% 75.6% 70.9% 69.4% 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 1,010 874.8 726.4
Reference price 2 35.20 14.52 18.85 23.52 23.16 18.08 18.08 18.08
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.29x1.97x8.38x3.79% 392.87Cr
20.79x2.12x12.19x1.13% 485.93Cr
21.1x2.19x10.51x3.17% 294.64Cr
24.91x1.14x9.14x-.--% 264.37Cr
15.82x0.86x4.08x-.--% 220.31Cr
15.35x1.02x9.25x1.64% 194.47Cr
14.56x1.01x8.31x1.19% 127.69Cr
9.6x0.79x6.47x - 119.23Cr
45.13x11.96x29.48x1.64% 100.72Cr
31.55x - - 2.93% 76Cr
Average 21.71x 2.56x 10.87x 1.72% 227.66Cr
Weighted average by Cap. 20.43x 2.07x 10.10x 1.78%

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.