Company Valuation: VGP NV

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,589 2,123 2,866 1,949 2,688 2,470 - -
Change - -62.01% 34.96% -32% 37.96% -8.11% - -
Enterprise Value (EV) 1 6,748 3,792 4,644 3,514 4,524 4,685 4,877 5,008
Change - -43.8% 22.45% -24.33% 28.76% 3.55% 4.1% 2.69%
P/E 8.15x -14.2x 32.8x 6.79x 9.26x 7.75x 6.81x 6.43x
PBR 2.57x 0.79x 1.29x 0.81x 1.03x 0.79x 0.7x 0.63x
PEG - 0x -0x 0x 8.12x -6.04x 0.5x 1.08x
Capitalization / Revenue 126x 25x 25.2x 9.22x 10.9x 9.17x 8.25x 7.4x
EV / Revenue 152x 44.7x 40.8x 16.6x 18.3x 17.4x 16.3x 15x
EV / EBITDA 10.6x 271x 21.5x 9.91x 9.95x 22.1x 20.3x 15.6x
EV / EBIT 10.8x 583x 39.1x 11.1x 12.5x 10.7x 10.7x 12.4x
EV / FCF -9.4x -4.11x -131x 11.2x -7.66x -30.1x -79x 54.2x
FCF Yield -10.6% -24.3% -0.76% 8.95% -13.1% -3.32% -1.27% 1.85%
Dividend per Share 2 6.85 2.75 2.95 3.3 3.4 3.635 3.742 3.944
Rate of return 2.68% 3.53% 2.81% 4.62% 3.45% 4.47% 4.6% 4.85%
EPS 2 31.41 -5.49 3.2 10.52 10.64 10.5 11.96 12.67
Distribution rate 21.8% -50.1% 92.2% 31.4% 32% 34.6% 31.3% 31.1%
Net sales 1 44.26 84.78 113.7 211.3 247.4 269.4 299.4 333.7
EBITDA 1 634.1 13.99 215.9 354.5 454.7 212.2 240.3 320
EBIT 1 626.7 6.51 118.8 317.1 362.3 439.9 457.6 403.5
Net income 1 650.1 -122.5 87.29 287 290.4 336.2 389.9 416.9
Net Debt 1 1,159 1,669 1,778 1,565 1,836 2,215 2,407 2,538
Reference price 2 256.00 77.80 105.00 71.40 98.50 81.40 81.40 81.40
Nbr of stocks (in thousands) 21,833 27,291 27,291 27,291 27,291 30,348 - -
Announcement Date 23/02/22 23/02/23 22/02/24 20/02/25 19/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.75x17.39x22.07x4.47% 286.68Cr
15.82x5x13.46x3.2% 4.51TCr
8.73x1.51x7.87x4.07% 3.02TCr
18.8x4.1x16.57x1.3% 2.88TCr
5.5x0.66x1.4x9.09% 2.65TCr
14.25x3.13x14.96x2.46% 2.59TCr
8.16x0.9x3.29x2.74% 2.09TCr
10.81x2.05x9.59x4.11% 2.05TCr
13.59x6.57x17.49x1.57% 1.96TCr
10.46x1.52x12.68x3.63% 1.93TCr
Average 11.39x 4.28x 11.94x 3.66% 2.4TCr
Weighted average by Cap. 12.17x 3.16x 11.11x 3.61%

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