Company Valuation: MLP SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 936.8 561.7 605.7 670 753.7 1,071 - -
Change - -40.04% 7.83% 10.61% 12.49% 42.15% - -
Enterprise Value (EV) 1 -441 -399.5 -448.2 -480.3 674.8 3,118 3,054 2,963
Change - 9.41% -12.2% -7.17% 240.49% 362.1% -2.05% -2.98%
P/E 15x 10.9x 12.6x 9.73x 13.6x 14.3x 12.4x 10.8x
PBR 1.89x 1.07x 1.14x 1.17x 1.29x 1.73x 1.62x 1.51x
PEG - -0.6x -1.97x 0.2x -0.7x 0.4x 0.8x 0.7x
Capitalization / Revenue 1x 0.59x 0.62x 0.63x 0.7x 0.94x 0.88x 0.83x
EV / Revenue -0.47x -0.42x -0.46x -0.45x 0.63x 2.74x 2.52x 2.28x
EV / EBITDA -3.47x -3.61x -4.21x -3.84x 4.91x 21.6x 18.7x 16.3x
EV / EBIT -4.56x -5.28x -6.34x -5.06x 6.95x 27.9x 24x 20.6x
EV / FCF -0.82x 1.27x -4.48x -3.49x -40.6x 43.6x 36.5x 32.9x
FCF Yield -122% 78.8% -22.3% -28.7% -2.47% 2.3% 2.74% 3.04%
Dividend per Share 2 0.3 0.3 0.3 0.36 0.36 0.394 0.438 0.525
Rate of return 3.5% 5.84% 5.42% 5.87% 5.2% 4.01% 4.46% 5.35%
EPS 2 0.57 0.47 0.44 0.63 0.51 0.688 0.79 0.91
Distribution rate 52.6% 63.8% 68.2% 57.1% 70.6% 57.3% 55.4% 57.7%
Net sales 1 934.5 949.1 973.5 1,067 1,080 1,138 1,212 1,297
EBITDA 1 127.2 110.6 106.5 125 137.3 144.7 163 181.3
EBIT 1 96.8 75.6 70.7 95 97.1 111.8 127.2 143.9
Net income 1 62.8 48.6 44.1 69.3 55.63 74.98 86.16 97.88
Net Debt 1 -1,378 -961.2 -1,054 -1,150 -78.86 2,047 1,983 1,892
Reference price 2 8.570 5.140 5.540 6.130 6.920 9.820 9.820 9.820
Nbr of stocks (in thousands) 1,09,314 1,09,288 1,09,333 1,09,298 1,08,913 1,09,100 - -
Announcement Date 10/03/22 09/03/23 07/03/24 10/03/25 12/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.27x2.74x21.55x4.01% 121.81Cr
18.45x3.44x9.43x3.11% 6.34TCr
7.85x - - 3.18% 4.27TCr
12.77x - - 2.19% 1.43TCr
7.92x0.96x - 3.36% 1.33TCr
12.1x0.81x - 2.02% 869.54Cr
7.79x - - 6.82% 679.35Cr
20.55x24.39x77.95x2.27% 441.82Cr
-76.66x2.61x13.86x1.49% 408.82Cr
Average 2.78x 5.83x 30.70x 3.16% 1.76TCr
Weighted average by Cap. 10.99x 3.78x 14.02x 3.11%

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