Company Valuation: Safran

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 45,891 49,905 66,595 88,393 1,24,127 1,33,317 - -
Change - 8.75% 33.44% 32.73% 40.43% 7.4% - -
Enterprise Value (EV) 1 47,435 49,891 66,221 86,655 1,22,389 1,28,982 1,26,759 1,24,229
Change - 5.18% 32.73% 30.86% 41.24% 5.39% -1.72% -2%
P/E 1,077x -20.3x 19.8x -133x 17.3x 32.2x 25.5x 22.7x
PBR 3.58x 4.77x 5.94x 8.77x 8.38x 8.41x 7.26x 6.23x
PEG - 0x -0x 1x -0x -0.8x 1x 1.8x
Capitalization / Revenue 3.01x 2.62x 2.87x 3.24x 3.96x 3.65x 3.31x 3.04x
EV / Revenue 3.11x 2.62x 2.85x 3.17x 3.91x 3.53x 3.15x 2.83x
EV / EBITDA 17.1x 13.6x 14.4x 16x 17.4x 16x 14.1x 12.6x
EV / EBIT 26.3x 20.7x 20.9x 21x 23.5x 19.7x 17.1x 15.1x
EV / FCF 28.2x 18.7x 22.5x 27.2x 31.2x 26.9x 23.7x 20.6x
FCF Yield 3.54% 5.34% 4.45% 3.68% 3.2% 3.72% 4.21% 4.86%
Dividend per Share 2 0.5 1.35 1.35 2.9 3.35 4.128 5.154 5.827
Rate of return 0.46% 1.15% 0.85% 1.37% 1.13% 1.28% 1.6% 1.81%
EPS 2 0.1 -5.76 8.07 -1.6 17.17 9.983 12.62 14.17
Distribution rate 500% -23.4% 16.7% -181% 19.5% 41.3% 40.9% 41.1%
Net sales 1 15,257 19,035 23,199 27,317 31,329 36,521 40,219 43,892
EBITDA 1 2,778 3,667 4,599 5,413 7,015 8,048 8,982 9,853
EBIT 1 1,805 2,408 3,166 4,119 5,197 6,554 7,401 8,202
Net income 1 43 -2,459 3,444 -667 7,177 4,126 5,265 5,907
Net Debt 1 1,544 -14 -374 -1,738 -1,738 -4,335 -6,558 -9,088
Reference price 2 107.66 116.92 159.46 212.10 297.40 321.60 321.60 321.60
Nbr of stocks (in thousands) 4,26,262 4,26,828 4,17,625 4,16,751 4,17,373 4,14,544 - -
Announcement Date 24/02/22 17/02/23 15/02/24 14/02/25 12/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.07x3.63x16.47x1.25% 15TCr
41.85x9.4x29.17x0.23% 9.06TCr
31.54x8.96x17.09x-.--% 6.14TCr
50.14x7.31x25.75x0.08% 3.6TCr
19.33x2.04x10.71x1.36% 2.04TCr
35.96x5.49x24.44x0.18% 2.04TCr
208.05x - - - 1.6TCr
49.67x - - - 837.86Cr
19.99x1.5x10.75x-.--% 767.23Cr
31.33x - - - 459.46Cr
Average 52.09x 5.48x 19.20x 0.44% 4.19TCr
Weighted average by Cap. 42.41x 6.12x 20.37x 0.63%

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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