Company Valuation: Mersen

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 766.3 778 851.6 501.8 580.7 972.2 - -
Change - 1.52% 9.47% -41.08% 15.72% 67.42% - -
Enterprise Value (EV) 1 1,012 1,074 1,064 872.1 963.2 1,380 1,345 1,302
Change - 6.12% -0.91% -18.05% 10.44% 43.32% -2.54% -3.26%
P/E 14.3x 11.8x 10.3x 8.69x 41.8x 14.8x 12x 10.1x
PBR 1.28x 1.19x 1.08x 0.61x 0.74x 1.18x 1.11x 1.03x
PEG - 0.5x 1.57x -0.3x -0.6x 0x 0.5x 0.5x
Capitalization / Revenue 0.83x 0.7x 0.7x 0.4x 0.49x 0.79x 0.73x 0.68x
EV / Revenue 1.1x 0.96x 0.88x 0.7x 0.81x 1.12x 1.01x 0.9x
EV / EBITDA 6.8x 5.76x 5.25x 4.24x 5.06x 6.84x 5.89x 5.11x
EV / EBIT 10.9x 8.83x 7.75x 6.65x 8.83x 11.9x 9.88x 8.38x
EV / FCF 42x 129x 355x -84.7x 161x 41.6x 21x 16.8x
FCF Yield 2.38% 0.77% 0.28% -1.18% 0.62% 2.4% 4.76% 5.96%
Dividend per Share 2 1 1.25 1.25 0.9 0.9 0.94 1.144 1.364
Rate of return 2.71% 3.31% 3.55% 4.37% 3.77% 2.35% 2.86% 3.41%
EPS 2 2.58 3.21 3.42 2.37 0.57 2.705 3.339 3.968
Distribution rate 38.8% 38.9% 36.5% 38% 158% 34.7% 34.3% 34.4%
Net sales 1 922.8 1,115 1,211 1,244 1,186 1,236 1,329 1,440
EBITDA 1 148.8 186.4 202.7 205.5 190.4 201.8 228.5 254.7
EBIT 1 92.6 121.6 137.3 131.1 109.1 116 136.2 155.4
Net income 1 54.4 67.7 81.6 59 14.1 64.25 77.62 92.25
Net Debt 1 245.7 296 212.5 370.3 382.5 408.2 373.2 329.4
Reference price 2 36.90 37.75 35.20 20.60 23.85 40.00 40.00 40.00
Nbr of stocks (in thousands) 20,768 20,608 24,194 24,360 24,347 24,304 - -
Announcement Date 16/03/22 14/03/23 12/03/24 13/03/25 31/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.79x1.12x6.84x2.35% 109.37Cr
24.98x2.96x16.12x2.06% 23TCr
13.45x1.64x7.38x3.8% 19TCr
26.41x3.46x15.81x1.84% 16TCr
34.77x5.17x21.71x1.13% 15TCr
40.03x5.34x23.91x1.24% 13TCr
30.28x4.36x21.36x0.89% 10TCr
90.17x11.16x63.8x0.35% 9.37TCr
33.08x5.32x18.51x1.37% 9.01TCr
30.4x3.79x20.37x1.12% 8.81TCr
Average 33.83x 4.43x 21.58x 1.61% 12.45TCr
Weighted average by Cap. 32.45x 4.30x 20.70x 1.76%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Mersen

Historical PBR trend

Valuation ratios - PBR - Mersen

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Mersen

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Mersen


Year-on-year evolution of the Yield

Valuation ratios - Yield - Mersen