Company Valuation: Leonardo DRS, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,325 5,258 8,543 9,069 10,411 - -
Change - 58.12% 62.47% 6.16% 14.8% - -
Enterprise Value (EV) 1 3,325 5,197 8,310 8,769 9,990 9,822 9,620
Change - 56.29% 59.9% 5.53% 13.92% -1.68% -2.06%
P/E 6.8x 31.3x 40.4x 33.1x 29.8x 27.7x 24.7x
PBR - 2.26x 3.35x 3.32x 3.54x 3.28x 3.03x
PEG - -0.5x 1.6x 1.2x 1.1x 3.65x 2x
Capitalization / Revenue 1.23x 1.86x 2.64x 2.49x 2.64x 2.47x 2.34x
EV / Revenue 1.23x 1.84x 2.57x 2.4x 2.53x 2.33x 2.16x
EV / EBITDA 10.5x 16x 20.8x 19.4x 18.7x 16.6x 15x
EV / EBIT 5.93x 22.5x 28.4x 25.2x 22.6x 20.1x 17.6x
EV / FCF -104x 35.8x 44.7x 38.6x 35.4x 29.8x 25.3x
FCF Yield -0.96% 2.79% 2.24% 2.59% 2.82% 3.35% 3.95%
Dividend per Share 2 - - - 0.36 0.3622 0.3965 0.4319
Rate of return - - - 1.06% 0.93% 1.02% 1.11%
EPS 2 1.88 0.64 0.8 1.03 1.309 1.408 1.582
Distribution rate - - - 35% 27.7% 28.2% 27.3%
Net sales 1 2,693 2,826 3,234 3,648 3,947 4,216 4,453
EBITDA 1 318 324 400 453 534.1 590 641.2
EBIT 1 561 231 293 348 442.9 489.2 546.4
Net income 1 405 168 213 278 352.3 382.2 446
Net Debt 1 - -61 -233 -300 -421.9 -589.6 -791.9
Reference price 2 12.78 20.04 32.31 34.09 39.01 39.01 39.01
Nbr of stocks (in thousands) 2,60,187 2,62,370 2,64,397 2,66,027 2,66,892 - -
Announcement Date 28/03/23 27/02/24 20/02/25 24/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
40.18x7.22x30.02x0.53% 35TCr
34.7x3.22x19.08x1.37% 28TCr
35.14x5.17x21.75x0.96% 17TCr
18.52x1.78x12.81x2.48% 13TCr
22.58x1.91x15.61x1.64% 10TCr
26.97x1.93x13.55x1.89% 8.1TCr
18.93x1.97x14.01x1.77% 7.8TCr
32.76x3.63x15.91x1.26% 6.13TCr
Average 28.72x 3.35x 17.84x 1.49% 15.76TCr
Weighted average by Cap. 32.07x 4.21x 20.76x 1.27%

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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