Company Valuation: Terex Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,068 2,858 3,867 3,087 3,502 7,784 - -
Change - -6.84% 35.31% -20.16% 13.42% 122.29% - -
Enterprise Value (EV) 1 3,475 3,329 4,120 5,283 5,314 9,583 9,252 8,780
Change - -4.19% 23.73% 28.25% 0.57% 80.34% -3.46% -5.09%
P/E 14.1x 9.89x 7.58x 9.32x 16x 20.2x 12.4x 11.3x
PBR 2.76x 2.42x 2.35x 1.71x 1.65x 1.56x 1.48x 1.39x
PEG - 0.3x 0.1x -0.3x -0.5x 12.82x 0.2x 1.13x
Capitalization / Revenue 0.79x 0.65x 0.75x 0.6x 0.65x 0.98x 0.92x 0.87x
EV / Revenue 0.89x 0.75x 0.8x 1.03x 0.98x 1.21x 1.09x 0.98x
EV / EBITDA 9.19x 7.13x 5.95x 8.23x 7.34x 9.68x 8.13x 7.09x
EV / EBIT 10.6x 7.93x 6.47x 10x 9.39x 11.1x 9.33x 7.96x
EV / FCF 14.9x 22x 12.4x 28x 16.3x 18x 14.5x -
FCF Yield 6.73% 4.55% 8.06% 3.58% 6.12% 5.56% 6.88% -
Dividend per Share 2 0.48 0.52 0.64 0.68 0.68 0.7135 0.7237 0.6825
Rate of return 1.09% 1.22% 1.11% 1.47% 1.27% 1.05% 1.06% 1%
EPS 2 3.12 4.32 7.58 4.96 3.33 3.382 5.492 6.04
Distribution rate 15.4% 12% 8.44% 13.7% 20.4% 21.1% 13.2% 11.3%
Net sales 1 3,887 4,418 5,152 5,127 5,421 7,932 8,504 8,986
EBITDA 1 378.2 467.2 692.9 642 724 989.5 1,138 1,238
EBIT 1 328 420 636.5 526 566 866.1 991.2 1,103
Net income 1 220.9 300 518 335 221 330.8 585.5 686.7
Net Debt 1 407.2 471.4 252.5 2,196 1,812 1,799 1,468 996.6
Reference price 2 43.95 42.72 57.46 46.22 53.38 68.16 68.16 68.16
Nbr of stocks (in thousands) 69,800 66,900 67,300 66,800 65,600 1,14,200 - -
Announcement Date 10/02/22 09/02/23 08/02/24 06/02/25 11/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.15x1.21x9.68x1.05% 778.39Cr
21.02x1.91x15.96x2.65% 6.29TCr
14.29x1.14x11.92x4.07% 3.84TCr
16.1x1.58x9x2.9% 3.7TCr
32.69x4.76x18.89x1.52% 3.19TCr
24.82x2.29x12.52x1.94% 2.01TCr
13.7x1.54x10.62x1.93% 1.94TCr
13.45x - - 0.72% 1.6TCr
22.27x2.49x13.36x2.7% 1.5TCr
27.38x0.86x16.45x2.44% 1.33TCr
Average 20.59x 1.98x 13.16x 2.19% 2.62TCr
Weighted average by Cap. 20.41x 2.07x 13.63x 2.48%

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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