Company Valuation: Exponent, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,083 5,018 4,602 4,463 3,500 3,085 - -
Change - -17.51% -8.28% -3.02% -21.59% -11.85% - -
Enterprise Value (EV) 1 5,800 5,018 4,415 4,204 3,278 2,882 2,806 2,706
Change - -13.49% -12.01% -4.77% -22.04% -12.06% -2.65% -3.56%
P/E 61.4x 50.6x 46.9x 41.7x 33.9x 28.1x 25x 23.5x
PBR 14.9x - 12.9x 10.8x 9.21x 7.91x 6.42x 5.27x
PEG - 16.02x -45.96x 4.76x -17.88x 2.98x 2.1x 3.68x
Capitalization / Revenue 14x 10.8x 9.26x 8.61x 6.52x 5.16x 4.76x 4.62x
EV / Revenue 13.3x 10.8x 8.88x 8.11x 6.11x 4.82x 4.33x 4.05x
EV / EBITDA 43.9x 36.6x 32.1x 28.6x 22.1x 16.9x 14.9x 14x
EV / EBIT 53.2x 35.6x 39.7x 35.2x 27.4x 18.8x 16.6x 14.9x
EV / FCF 49.1x - - - 26.8x 15.6x 13.4x -
FCF Yield 2.04% - - - 3.73% 6.42% 7.45% -
Dividend per Share 2 0.8 - 1.04 1.12 1.2 1.24 1.3 1.24
Rate of return 0.69% - 1.14% 1.27% 1.71% 1.95% 2.04% 1.95%
EPS 2 1.9 1.96 1.94 2.11 2.07 2.265 2.54 2.702
Distribution rate 42.1% - 53.6% 53.1% 58% 54.7% 51.2% 45.9%
Net sales 1 434.8 463.8 497.2 518.5 536.8 597.5 648.3 667.4
EBITDA 1 132.3 137.2 137.7 147.1 148.1 170.5 188.1 193.2
EBIT 1 108.9 140.8 111.3 119.6 119.8 153 169 181.5
Net income 1 101.2 102.3 100.3 109 106 113 125.3 137.7
Net Debt 1 -282.7 - -187.2 -258.9 -221.9 -202.6 -278.9 -378.7
Reference price 2 116.73 99.09 90.91 87.92 70.15 63.59 63.59 63.59
Nbr of stocks (in thousands) 52,112 50,638 50,622 50,764 49,887 48,512 - -
Announcement Date 3/2/22 2/2/23 1/2/24 6/2/25 5/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
28.07x4.82x16.9x1.95% 3.08B
37.59x6.74x24.34x0.95% 73.52B
38.4x4.5x14.68x1.19% 20.27B
29.21x1.2x12.18x1.12% 14.94B
19.22x2.07x10.22x3.64% 13.89B
25.11x2.82x12.12x2.98% 11.93B
25.49x3.51x13.52x2.29% 7.86B
14.83x0.65x9.29x1.42% 6.74B
18.44x0.4x9.14x3.94% 5.34B
Average 26.26x 2.97x 13.60x 2.16% 17.51B
Weighted average by Cap. 31.92x 4.55x 17.93x 1.6%

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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