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 1,703 - -
Change - -11.11% 26.43% 13.56% 2.25% 3.34% - -
Enterprise Value (EV) 1 2,207 2,195 2,464 2,952 3,181 3,208 3,170 3,134
Change - -0.56% 12.27% 19.78% 7.76% 0.85% -1.17% -1.13%
P/E 11.6x 7.82x 7.53x 10.5x 19.7x 12.5x 10.1x 9.52x
PBR 1.38x 1.08x 1.31x 1.35x 1.27x 1.21x 1.11x 1.04x
PEG - 0.2x 0.2x -0.6x -0.4x 0.2x 0.4x 1.57x
Capitalization / Revenue 0.36x 0.26x 0.32x 0.34x 0.32x 0.32x 0.31x 0.3x
EV / Revenue 0.63x 0.51x 0.55x 0.61x 0.62x 0.59x 0.57x 0.55x
EV / EBITDA 6.16x 5.29x 5.77x 6.09x 7.31x 6.4x 5.78x 5.47x
EV / EBIT 14.3x 10.8x 9.74x 12.9x 18.4x 14x 12x 11.5x
EV / FCF 10.6x 42.8x 22x -58.9x -47.7x 28.7x 24.2x 20.3x
FCF Yield 9.46% 2.33% 4.54% -1.7% -2.1% 3.48% 4.13% 4.91%
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% 3.02% 3.79% 4.03%
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 90.60 114.20 131.20 131.40 134.60 134.60 134.60
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.($)
12.54x0.59x6.4x3.02% 196.83Cr
37.27x7.49x22.39x0.53% 4.49TCr
34.32x1.93x14.63x0.67% 2.52TCr
28.47x2.67x14.53x - 2.16TCr
26.29x1.63x10.82x1.37% 1.16TCr
31.89x2.67x14.46x-.--% 968.98Cr
30.91x1.09x19.3x1.17% 621.01Cr
33.72x2.57x16.87x2.16% 399.41Cr
-89.78x0.58x29.45x-.--% 357.88Cr
45.36x0.84x7.03x1.52% 224.97Cr
Average 19.10x 2.21x 15.59x 1.16% 1.31TCr
Weighted average by Cap. 29.77x 3.89x 17.36x 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