Company Valuation: Nexans

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,754 3,648 3,460 4,539 5,406 6,327 - -
Change - -2.82% -5.17% 31.2% 19.09% 17.03% - -
Enterprise Value (EV) 1 3,828 3,830 3,674 5,220 5,672 7,004 6,724 6,379
Change - 0.06% -4.09% 42.09% 8.65% 23.48% -3.99% -5.14%
P/E 23.5x 15.4x 16.1x 16.8x 16x 20.1x 16.6x 13.5x
PBR 2.59x 2.22x 2.04x 2.5x 2.83x 2.89x 2.59x 2.28x
PEG - 0.3x -1.6x 0.6x 0.6x -2.4x 0.8x 0.6x
Capitalization / Revenue 0.62x 0.54x 0.53x 0.64x 0.89x 0.94x 0.87x 0.84x
EV / Revenue 0.63x 0.57x 0.56x 0.74x 0.93x 1.04x 0.93x 0.84x
EV / EBITDA 8.27x 6.39x 5.63x 6.49x 7.8x 8.65x 7.16x 6.01x
EV / EBIT 12.8x 9.12x 8.5x 9.22x 12.9x 13x 10.4x 8.5x
EV / FCF 19.6x 15.6x 11.4x 13.1x 13.3x 22.2x 15.3x 11.7x
FCF Yield 5.09% 6.42% 8.79% 7.6% 7.49% 4.51% 6.56% 8.54%
Dividend per Share 2 1.2 2.1 2.3 2.6 2.9 3.127 3.493 3.806
Rate of return 1.4% 2.49% 2.9% 2.5% 2.31% 2.16% 2.41% 2.63%
EPS 2 3.66 5.47 4.92 6.2 7.84 7.183 8.739 10.73
Distribution rate 32.8% 38.4% 46.7% 41.9% 37% 43.5% 40% 35.5%
Net sales 1 6,054 6,745 6,512 7,078 6,098 6,729 7,249 7,573
EBITDA 1 463 599 652 804 727.6 809.8 938.6 1,061
EBIT 1 299 420 432 566 439 538.2 644 750.8
Net income 1 164 245 221 279 352 308.7 387.9 469.3
Net Debt 1 74 182 214 681 266 676.9 397.6 52.09
Reference price 2 85.85 84.45 79.25 104.20 125.80 144.70 144.70 144.70
Nbr of stocks (in thousands) 43,730 43,202 43,658 43,564 42,974 43,724 - -
Announcement Date 16/02/22 15/02/23 15/02/24 19/02/25 19/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.51x1x8.36x2.25% 700.31Cr
27.37x1.77x13.81x0.79% 4.3TCr
42.92x6.09x32.58x - 811.7Cr
17.03x0.42x7.39x0.79% 624.35Cr
60.49x4.46x43.23x0.1% 566.24Cr
17.79x2.12x12.06x1.67% 536.05Cr
19.34x2.2x12.56x1.65% 473.13Cr
14.21x1.63x12.57x2.93% 433.04Cr
Average 27.33x 2.46x 17.82x 1.46% 1.06TCr
Weighted average by Cap. 27.94x 2.24x 16.42x 1.11%

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