Company Valuation: Manitou Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,054 949 887.7 642.1 738.6 824.6 - -
Change - -10% -6.46% -27.67% 15.02% 11.65% - -
Enterprise Value (EV) 1 1,060 1,170 1,285 1,046 989 1,108 1,120 1,115
Change - 10.35% 9.87% -18.58% -5.48% 12.01% 1.15% -0.53%
P/E 12.1x 17.3x 6.19x 5.28x 10.8x 8.97x 7.99x 7.15x
PBR 1.41x 1.2x 0.99x 0.66x 0.76x 0.8x 0.75x 0.7x
PEG - -0.5x 0x -0.3x -0.2x 0.3x 0.7x 0.6x
Capitalization / Revenue 0.56x 0.4x 0.31x 0.24x 0.29x 0.3x 0.29x 0.28x
EV / Revenue 0.57x 0.5x 0.45x 0.39x 0.39x 0.4x 0.39x 0.38x
EV / EBITDA 5.97x 8.38x 4.72x 3.82x 4.32x 4.64x 4.16x 3.89x
EV / EBIT 8.57x 13.8x 6.07x 5.26x 6.93x 7.33x 6.3x 5.76x
EV / FCF 12x 51.7x -8.15x 7.63x 7.5x 172x 24.7x 17x
FCF Yield 8.34% 1.93% -12.3% 13.1% 13.3% 0.58% 4.05% 5.87%
Dividend per Share 2 0.8 0.63 1.35 1.25 0.75 0.8593 1.092 1.203
Rate of return 2.9% 2.54% 5.82% 7.45% 3.89% 3.99% 5.07% 5.58%
EPS 2 2.27 1.43 3.75 3.18 1.79 2.401 2.696 3.013
Distribution rate 35.2% 44.1% 36% 39.3% 41.9% 35.8% 40.5% 39.9%
Net sales 1 1,875 2,362 2,871 2,657 2,564 2,754 2,849 2,951
EBITDA 1 177.5 139.5 272.3 274.1 229.1 238.8 269.2 286.6
EBIT 1 123.7 84.64 211.6 199 142.6 151.1 177.8 193.3
Net income 1 86.76 54.72 143.4 121.9 68.42 88.82 111.8 126.8
Net Debt 1 5.543 220.7 397.4 404.2 250.4 283.1 295.9 289.9
Reference price 2 27.55 24.80 23.20 16.78 19.30 21.55 21.55 21.55
Nbr of stocks (in thousands) 38,271 38,265 38,263 38,266 38,268 38,265 - -
Announcement Date 03/03/22 02/03/23 06/03/24 05/03/25 13/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.46x2.03x16.65x2.55% 6.74TCr
16.56x1.64x9.36x2.73% 4TCr
12.49x1.11x11.26x4.12% 3.96TCr
30.27x4.41x17.63x1.65% 2.99TCr
11.54x1.49x9.52x2.03% 1.87TCr
22.05x2.07x11.21x2.15% 1.83TCr
13.38x - - 0.73% 1.61TCr
22.81x2.54x13.71x2.64% 1.54TCr
23.35x0.79x13.79x1.69% 1.24TCr
Average 19.32x 2.01x 12.89x 2.25% 2.87TCr
Weighted average by Cap. 19.33x 2.04x 13.38x 2.5%

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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  5. Valuation Manitou Group