Company Valuation: Valmet Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,638 4,634 4,808 4,297 5,219 4,120 - -
Change - -17.81% 3.76% -10.65% 21.48% -21.07% - -
Enterprise Value (EV) 1 5,597 5,165 5,860 5,359 6,145 5,321 5,122 5,084
Change - -7.72% 13.46% -8.56% 14.68% -13.42% -3.74% -0.74%
P/E ratio 19.1x 13.1x 13.5x 15.3x 18.6x 12.3x 10.7x 9.61x
PBR 4.25x 1.86x 1.87x 1.65x 2.02x 1.55x 1.48x 1.42x
PEG - -4.32x 12.96x -0.7x - 0.6x 0.7x 0.8x
Capitalization / Revenue 1.43x 0.91x 0.87x 0.8x 1x 0.78x 0.77x 0.74x
EV / Revenue 1.42x 1.02x 1.06x 1x 1.18x 1.01x 0.95x 0.91x
EV / EBITDA 11.2x 8.08x 8.34x 8.02x 9.5x 7.27x 6.57x 6.15x
EV / EBIT 14x 11.8x 11.6x 11.9x 14x 10.4x 8.88x 8.5x
EV / FCF 14.5x -68x 25.8x 12x 12.9x 15.1x 11.4x 10.1x
FCF Yield 6.88% -1.47% 3.87% 8.34% 7.78% 6.63% 8.76% 9.95%
Dividend per Share 2 1.2 1.3 1.35 1.35 1.35 1.37 1.458 1.56
Rate of return 3.18% 5.17% 5.17% 5.79% 4.77% 6.13% 6.52% 6.98%
EPS 2 1.98 1.92 1.94 1.52 1.52 1.823 2.088 2.328
Distribution rate 60.6% 67.7% 69.6% 88.8% 88.8% 75.1% 69.8% 67%
Net sales 1 3,935 5,074 5,532 5,359 5,197 5,254 5,364 5,587
EBITDA 1 500 639 703 668 647 732.2 779.8 826.2
EBIT 1 399 436 507 449 438 511.2 576.7 598.3
Net income 1 296 338 357 280 280 336.1 384.6 429.1
Net Debt 1 -41 531 1,052 1,062 926 1,201 1,002 964
Reference price 2 37.72 25.16 26.11 23.33 28.33 22.36 22.36 22.36
Nbr of stocks (in thousands) 1,49,471 1,84,185 1,84,161 1,84,165 1,84,232 1,84,238 - -
Announcement Date 03/02/22 02/02/23 07/02/24 13/02/25 06/02/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.26x1.01x7.27x6.13% 475.7Cr
20.57x1.81x12.73x0.81% 1.66TCr
27.8x5.81x18.13x1.19% 1.57TCr
28.88x3.66x21.9x1.12% 1.06TCr
60.16x6.93x40.82x0.29% 846.6Cr
53.01x5.62x22.32x - 682.01Cr
26.72x3.2x14.39x1.3% 392.88Cr
10.91x0.51x4.73x2.76% 410.78Cr
56.44x - - - 335.79Cr
28.23x1.73x14.67x1.2% 343.11Cr
Average 32.50x 3.37x 17.44x 1.85% 777.9Cr
Weighted average by Cap. 31.50x 3.80x 18.64x 1.42%

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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