Company Valuation: Tessenderlo Group nv

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,439 1,438 1,787 1,156 1,552 1,230 - -
Change - -0.07% 24.22% -35.31% 34.28% -20.74% - -
Enterprise Value (EV) 1 1,514 1,498 1,787 1,231 1,511 1,131 1,097 1,085
Change - -1.08% 19.29% -31.11% 22.74% -25.12% -2.99% -1.12%
P/E 7.65x 6.34x 16.2x 27x -19.6x 16.6x 14.9x 13.8x
PBR 1.27x 1.03x - 0.61x 0.94x 0.69x 0.67x 0.7x
PEG - 0.3x -0.2x -0.5x 0x -0x 1.3x 1.6x
Capitalization / Revenue 0.69x 0.56x 0.61x 0.44x 0.56x 0.43x 0.41x 0.41x
EV / Revenue 0.73x 0.58x 0.61x 0.46x 0.55x 0.4x 0.37x 0.36x
EV / EBITDA 4.27x 3.44x 5.61x 4.63x 5.24x 3.76x 3.31x 2.98x
EV / EBIT 6.77x 4.99x 14.9x 19.3x 19.4x 12.2x 8.78x 7.5x
EV / FCF - - 20.6x 8.06x 16.8x 11.9x 10.4x 9.1x
FCF Yield - - 4.85% 12.4% 5.96% 8.37% 9.66% 11%
Dividend per Share 2 - 0.75 - 0.75 0.75 0.765 0.79 0.85
Rate of return - 2.25% - 3.97% 2.86% 3.63% 3.74% 4.03%
EPS 2 4.36 5.26 1.74 0.7 -1.34 1.27 1.412 1.534
Distribution rate - 14.3% - 107% -56% 60.2% 55.9% 55.4%
Net sales 1 2,082 2,588 2,928 2,648 2,763 2,849 2,973 3,027
EBITDA 1 354.2 434.8 318.7 265.6 288.1 300.6 331 363.8
EBIT 1 223.8 300.1 120.1 63.8 77.9 92.73 125 144.6
Net income 1 - - 109.5 42.8 -81.1 55.25 62.85 90.54
Net Debt 1 74.8 59.5 - 75 -41.3 -98.9 -132.8 -145
Reference price 2 33.35 33.35 28.25 18.90 26.20 21.10 21.10 21.10
Nbr of stocks (in thousands) 43,155 43,123 63,241 61,147 59,230 58,993 - -
Announcement Date 24/03/22 23/03/23 27/03/24 26/03/25 26/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.61x0.4x3.81x3.63% 144.12Cr
20.94x3.77x10.64x1.89% 7.45TCr
13.08x0.92x7.68x4.47% 5.1TCr
59.75x9.66x40.97x0.92% 1.8TCr
13.8x0.9x6.37x2.65% 1.44TCr
13.94x0.76x5.16x2.65% 1.03TCr
16.06x0.72x7.92x3.04% 1.03TCr
36.83x1.74x9.2x2% 973.39Cr
32.47x4.43x18.97x0.36% 808.81Cr
5.31x0.68x3.17x-.--% 729.12Cr
Average 22.88x 2.40x 11.39x 2.16% 2.05TCr
Weighted average by Cap. 21.92x 2.87x 11.80x 2.49%

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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