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 3,013 - -
Change - -17.51% -8.28% -3.02% -21.59% -13.92% - -
Enterprise Value (EV) 1 5,800 5,018 4,415 4,204 3,278 2,810 2,734 2,634
Change - -13.49% -12.01% -4.77% -22.04% -14.27% -2.71% -3.65%
P/E 61.4x 50.6x 46.9x 41.7x 33.9x 27.4x 24.4x 23x
PBR 14.9x - 12.9x 10.8x 9.21x 7.73x 6.27x 5.15x
PEG - 16.02x -45.96x 4.76x -17.88x 2.91x 2x 3.6x
Capitalization / Revenue 14x 10.8x 9.26x 8.61x 6.52x 5.04x 4.65x 4.51x
EV / Revenue 13.3x 10.8x 8.88x 8.11x 6.11x 4.7x 4.22x 3.95x
EV / EBITDA 43.9x 36.6x 32.1x 28.6x 22.1x 16.5x 14.5x 13.6x
EV / EBIT 53.2x 35.6x 39.7x 35.2x 27.4x 18.4x 16.2x 14.5x
EV / FCF 49.1x - - - 26.8x 15.2x 13.1x -
FCF Yield 2.04% - - - 3.73% 6.58% 7.65% -
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% 2% 2.09% 2%
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 62.10 62.10 62.10
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.($)
27.42x4.7x16.48x2% 3.01B
36.74x6.6x23.81x0.97% 71.87B
38.17x4.48x14.67x1.2% 20.14B
29.05x1.2x12.12x1.13% 14.86B
19.05x2.05x10.14x3.67% 13.81B
25.11x2.82x12.12x2.98% 11.97B
25.75x3.54x13.64x2.27% 7.96B
14.77x0.65x9.26x1.42% 6.73B
18.19x0.4x9.02x3.99% 5.3B
Average 26.03x 2.94x 13.47x 2.18% 17.29B
Weighted average by Cap. 31.40x 4.45x 17.60x 1.62%

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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