Company Valuation: Wendel SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,603 3,782 3,508 3,953 3,494 3,453 - -
Change - -17.84% -7.24% 12.67% -11.6% -1.18% - -
Enterprise Value (EV) 1 8,306 6,581 7,220 6,714 6,342 6,817 6,986 6,231
Change - -20.77% 9.71% -7.01% -5.53% 7.48% 2.48% -10.8%
P/E 4.43x 5.84x 25.2x 13.7x -23x 20.2x 19.4x 35.9x
PBR 1.77x 1.36x 1.3x 1.22x 0.99x 0.81x 0.83x 0.85x
PEG - -0.2x -0.3x 0x 0x -0x 5.11x -0.8x
Capitalization / Revenue 0.61x 0.43x 0.49x 0.49x 0.46x 0.45x 0.43x 0.41x
EV / Revenue 1.11x 0.76x 1.01x 0.83x 0.84x 0.88x 0.87x 0.75x
EV / EBITDA 6.07x 4.05x 4.15x 3.24x 3.47x 4.78x 4.72x 4.1x
EV / EBIT 7.74x 5.26x 6.31x 5.06x 5.16x 7.56x 7.31x 5.93x
EV / FCF 7.07x 5.38x 6.11x 4.84x 4.26x 7.95x 8.02x 7.81x
FCF Yield 14.1% 18.6% 16.4% 20.7% 23.4% 12.6% 12.5% 12.8%
Dividend per Share 2 2.9 3.2 4 4.7 5.1 5.78 6.256 6.497
Rate of return 2.75% 3.67% 4.96% 5.06% 6.2% 7.1% 7.68% 7.98%
EPS 2 23.78 14.93 3.2 6.766 -3.58 4.038 4.191 2.267
Distribution rate 12.2% 21.4% 125% 69.5% -142% 143% 149% 287%
Net sales 1 7,504 8,700 7,128 8,064 7,568 7,755 8,038 8,348
EBITDA 1 1,368 1,626 1,738 2,072 1,826 1,426 1,479 1,518
EBIT 1 1,073 1,251 1,144 1,327 1,230 902.3 956.1 1,051
Net income 1 1,047 656.3 142.4 293.9 -151.8 175.8 182.5 98.12
Net Debt 1 3,703 2,799 3,712 2,761 2,848 3,364 3,533 2,778
Reference price 2 105.40 87.20 80.65 92.95 82.20 81.45 81.45 81.45
Nbr of stocks (in thousands) 43,671 43,369 43,497 42,524 42,508 42,391 - -
Announcement Date 18/03/22 16/03/23 28/02/24 26/02/25 26/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.17x0.88x4.78x7.1% 395.1Cr
21.63x7.44x14.43x4% 9.97TCr
27.62x11.3x15.68x0.78% 9.06TCr
21.26x - - 4.31% 2.83TCr
12.23x4.77x9.39x5.26% 2.08TCr
16.81x1.78x6.68x4.03% 1.7TCr
14.7x4.44x12.23x3.04% 1.66TCr
12.33x9.36x - 10.02% 1.38TCr
34.93x19.22x27.65x2.26% 1.18TCr
Average 20.19x 7.40x 12.98x 4.53% 3.36TCr
Weighted average by Cap. 22.17x 8.49x 14.27x 3.34%

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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