Company Valuation: Stef

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,262 1,122 1,419 1,611 1,648 1,614 - -
Change - -11.11% 26.43% 13.56% 2.25% -2.03% - -
Enterprise Value (EV) 1 2,207 2,195 2,464 2,952 3,181 3,119 3,082 3,046
Change - -0.56% 12.27% 19.78% 7.76% -1.93% -1.21% -1.16%
P/E 11.6x 7.82x 7.53x 10.5x 19.7x 11.9x 9.57x 9.02x
PBR 1.38x 1.08x 1.31x 1.35x 1.27x 1.14x 1.05x 0.98x
PEG - 0.2x 0.2x -0.6x -0.4x 0.2x 0.4x 1.48x
Capitalization / Revenue 0.36x 0.26x 0.32x 0.34x 0.32x 0.3x 0.29x 0.28x
EV / Revenue 0.63x 0.51x 0.55x 0.61x 0.62x 0.58x 0.55x 0.53x
EV / EBITDA 6.16x 5.29x 5.77x 6.09x 7.31x 6.23x 5.62x 5.31x
EV / EBIT 14.3x 10.8x 9.74x 12.9x 18.4x 13.6x 11.7x 11.2x
EV / FCF 10.6x 42.8x 22x -58.9x -47.7x 27.9x 23.5x 19.8x
FCF Yield 9.46% 2.33% 4.54% -1.7% -2.1% 3.58% 4.25% 5.06%
Dividend per Share 2 3 4 5.1 4.15 2.7 4.067 5.107 5.427
Rate of return 2.94% 4.42% 4.47% 3.16% 2.05% 3.19% 4% 4.25%
EPS 2 8.78 11.58 15.16 12.46 6.66 10.73 13.33 14.14
Distribution rate 34.2% 34.5% 33.6% 33.3% 40.5% 37.9% 38.3% 38.4%
Net sales 1 3,507 4,264 4,442 4,801 5,120 5,392 5,555 5,722
EBITDA 1 358.1 414.8 426.8 484.3 435.2 500.9 548.1 573.3
EBIT 1 153.9 203.5 253 228.4 173 228.9 263.7 272.3
Net income 1 110 146.4 191.6 157.2 84.3 136.6 163.3 175.9
Net Debt 1 944.8 1,073 1,046 1,340 1,533 1,505 1,468 1,432
Reference price 2 102.00 90.60 114.20 131.20 131.40 127.60 127.60 127.60
Nbr of stocks (in thousands) 12,377 12,387 12,424 12,281 12,538 12,649 - -
Announcement Date 10/03/22 09/03/23 07/03/24 13/03/25 12/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.17x6.87x20.54x0.58% 4.11TCr
33.5x1.89x14.3x0.69% 2.46TCr
25.24x2.41x13.1x - 1.93TCr
25.05x1.57x10.4x1.43% 1.1TCr
30.14x2.51x13.68x-.--% 915Cr
30.09x1.05x18.81x1.2% 605.71Cr
34.33x2.73x17.89x2.12% 423.13Cr
-87.6x0.58x29.22x-.--% 356.08Cr
45.51x0.85x7.04x1.52% 225.75Cr
Average 18.94x 2.27x 16.11x 0.94% 1.35TCr
Weighted average by Cap. 27.92x 3.61x 16.48x 0.75%

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