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 1,531 - -
Change - -11.11% 26.43% 13.56% 2.25% -7.1% - -
Enterprise Value (EV) 1 2,207 2,195 2,464 2,952 3,181 3,029 2,985 2,942
Change - -0.56% 12.27% 19.78% 7.76% -4.76% -1.48% -1.44%
P/E 11.6x 7.82x 7.53x 10.5x 19.7x 10.5x 8.78x 8.19x
PBR 1.38x 1.08x 1.31x 1.35x 1.27x 1.07x 0.99x 0.92x
PEG - 0.2x 0.2x -0.6x -0.4x 0.1x 0.4x 1.15x
Capitalization / Revenue 0.36x 0.26x 0.32x 0.34x 0.32x 0.28x 0.27x 0.26x
EV / Revenue 0.63x 0.51x 0.55x 0.61x 0.62x 0.56x 0.53x 0.51x
EV / EBITDA 6.16x 5.29x 5.77x 6.09x 7.31x 5.8x 5.32x 5.01x
EV / EBIT 14.3x 10.8x 9.74x 12.9x 18.4x 12.4x 11.2x 10.7x
EV / FCF 10.6x 42.8x 22x -58.9x -47.7x 26.6x 20.3x 16.9x
FCF Yield 9.46% 2.33% 4.54% -1.7% -2.1% 3.76% 4.93% 5.91%
Dividend per Share 2 3 4 5.1 4.15 2.7 4.367 5.273 5.66
Rate of return 2.94% 4.42% 4.47% 3.16% 2.05% 3.61% 4.36% 4.68%
EPS 2 8.78 11.58 15.16 12.46 6.66 11.49 13.78 14.77
Distribution rate 34.2% 34.5% 33.6% 33.3% 40.5% 38% 38.3% 38.3%
Net sales 1 3,507 4,264 4,442 4,801 5,120 5,458 5,631 5,801
EBITDA 1 358.1 414.8 426.8 484.3 435.2 521.9 561.5 587.2
EBIT 1 153.9 203.5 253 228.4 173 244.2 266.6 275.3
Net income 1 110 146.4 191.6 157.2 84.3 139.8 169.6 185.4
Net Debt 1 944.8 1,073 1,046 1,340 1,533 1,499 1,454 1,411
Reference price 2 102.00 90.60 114.20 131.20 131.40 121.00 121.00 121.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.53x0.56x5.8x3.61% 171.38Cr
21.61x7.1x14.1x1.99% 17TCr
23.65x6.87x14.39x1.21% 8.75TCr
24.87x7.92x15.58x0.83% 7.43TCr
25.62x6.48x14.66x1.7% 7.14TCr
20.64x6.68x13.78x2.19% 7.12TCr
31.17x6.24x18.69x0.63% 3.77TCr
31.36x1.65x12.99x0.79% 2.15TCr
37.76x2.67x15.79x-.--% 2.15TCr
22.74x2.16x12.06x - 1.73TCr
Average 25.00x 4.83x 13.79x 1.44% 5.69TCr
Weighted average by Cap. 24.34x 6.44x 14.61x 1.49%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Stef

Historical PBR trend

Valuation ratios - PBR - Stef

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Stef

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Stef


Year-on-year evolution of the Yield

Valuation ratios - Yield - Stef