Company Valuation: Sanok Rubber Company Spólka Akcyjna

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2023 2024 2025 2026 2027 2028
Market Cap 1 443.6 641.5 584.4 531.1 449.8 - -
Change - - -8.9% -9.12% -15.3% - -
Enterprise Value (EV) 1 581 711.1 909.6 733.6 718.3 690.8 660.3
Change - - 27.92% -19.35% -2.09% -3.83% -4.41%
P/E 14.9x 8.95x - - - - -
PBR 0.88x - - - 0.98x 0.93x 0.88x
PEG - - - - - - -
Capitalization / Revenue 0.38x 0.44x 0.4x 0.36x 0.29x 0.28x 0.26x
EV / Revenue 0.5x 0.49x 0.63x 0.5x 0.46x 0.42x 0.39x
EV / EBITDA 5.63x 4.7x 6.47x 4.95x 5.04x 4.32x 3.9x
EV / EBIT 14.6x 8.15x 13.9x 11.3x 12.2x 9.27x 8.15x
EV / FCF 16.2x 5.83x 52.5x - -29.9x 12.2x 10.2x
FCF Yield 6.17% 17.2% 1.91% - -3.34% 8.18% 9.77%
Dividend per Share 2 - 1.2 1.2 - 0.975 0.94 1.105
Rate of return - 4.88% 5.13% - 4.88% 4.7% 5.53%
EPS 2 1.11 2.75 - - - - -
Distribution rate - 43.6% - - - - -
Net sales 1 1,172 1,446 1,446 1,470 1,549 1,629 1,712
EBITDA 1 103.2 151.2 140.5 148.3 142.4 160 169.5
EBIT 1 39.85 87.23 65.4 64.99 59 74.5 81
Net income 30.45 74.04 - - - - -
Net Debt 1 137.5 69.63 325.2 202.6 268.5 241 210.5
Reference price 2 16.50 24.60 23.40 21.10 20.00 20.00 20.00
Nbr of stocks (in thousands) 26,882 26,075 24,974 25,170 22,492 - -
Announcement Date 25/03/22 22/03/24 20/03/25 20/03/26 - - -
1PLN in Million2PLN
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- 0.46x5.04x - 12Cr
23.73x2.2x11.03x2.51% 261.74Cr
120.05x - - - 139.5Cr
-196.75x - - - 118.66Cr
Average -17.66x 1.33x 8.03x 2.51% 132.9Cr
Weighted average by Cap. -0.75x 2.12x 10.77x 2.51%

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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