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 7,227 - -
Change - -6.84% 35.31% -20.16% 13.42% 106.39% - -
Enterprise Value (EV) 1 3,475 3,329 4,120 5,283 5,314 9,049 8,580 8,200
Change - -4.19% 23.73% 28.25% 0.57% 70.29% -5.18% -4.44%
P/E 14.1x 9.89x 7.58x 9.32x 16x 24.7x 11.9x 10.4x
PBR 2.76x 2.42x 2.35x 1.71x 1.65x 1.37x 1.5x 1.49x
PEG - 0.3x 0.1x -0.3x -0.5x -1.1x 0x 0.7x
Capitalization / Revenue 0.79x 0.65x 0.75x 0.6x 0.65x 0.89x 0.83x 0.78x
EV / Revenue 0.89x 0.75x 0.8x 1.03x 0.98x 1.11x 0.98x 0.89x
EV / EBITDA 9.19x 7.13x 5.95x 8.23x 7.34x 9.06x 7.39x 6.48x
EV / EBIT 10.6x 7.93x 6.47x 10x 9.39x 10.2x 8.41x 7.23x
EV / FCF 14.9x 22x 12.4x 28x 16.3x 28.2x 18x 13.2x
FCF Yield 6.73% 4.55% 8.06% 3.58% 6.12% 3.54% 5.56% 7.56%
Dividend per Share 2 0.48 0.52 0.64 0.68 0.68 0.71 0.7257 0.735
Rate of return 1.09% 1.22% 1.11% 1.47% 1.27% 1.12% 1.15% 1.16%
EPS 2 3.12 4.32 7.58 4.96 3.33 2.559 5.303 6.1
Distribution rate 15.4% 12% 8.44% 13.7% 20.4% 27.7% 13.7% 12%
Net sales 1 3,887 4,418 5,152 5,127 5,421 8,142 8,757 9,249
EBITDA 1 378.2 467.2 692.9 642 724 998.3 1,161 1,266
EBIT 1 328 420 636.5 526 566 887.5 1,020 1,135
Net income 1 220.9 300 518 335 221 294.8 599.9 676.9
Net Debt 1 407.2 471.4 252.5 2,196 1,812 1,822 1,353 972.6
Reference price 2 43.95 42.72 57.46 46.22 53.38 63.23 63.23 63.23
Nbr of stocks (in thousands) 69,800 66,900 67,300 66,800 65,600 1,14,300 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.71x1.11x9.06x1.12% 722.72Cr
20.91x1.97x16.16x2.62% 6.56TCr
17.2x1.72x9.77x2.61% 4.28TCr
12.3x1.13x11.36x4.23% 4.04TCr
32.15x4.66x18.61x1.56% 3.15TCr
12.81x1.6x10x1.79% 2.17TCr
23.37x2.18x11.83x2.03% 1.95TCr
33.52x1.09x19.33x1.09% 1.78TCr
14.35x - - 0.68% 1.74TCr
25.1x2.78x14.97x2.39% 1.71TCr
Average 21.64x 2.03x 13.46x 2.01% 2.81TCr
Weighted average by Cap. 20.66x 2.08x 13.80x 2.35%

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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