Company Valuation: Itron, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,102 2,288 3,435 4,896 4,166 3,930 - -
Change - -26.23% 50.12% 42.52% -14.92% -5.66% - -
Enterprise Value (EV) 1 3,390 2,539 3,588 5,087 3,934 4,536 4,256 3,740
Change - -25.1% 41.33% 41.78% -22.67% 15.31% -6.17% -12.13%
P/E -37.4x -230x 35.8x 21x 14.3x 16.7x 14.3x 12.4x
PBR 2.77x 1.96x 2.62x 3.54x 2.45x 2.22x 1.88x 1.6x
PEG - 2.6x -0x 0x 0.6x -1x 0.9x 0.8x
Capitalization / Revenue 1.57x 1.27x 1.58x 2.01x 1.76x 1.65x 1.54x 1.46x
EV / Revenue 1.71x 1.41x 1.65x 2.08x 1.66x 1.9x 1.67x 1.39x
EV / EBITDA 29.4x 26.7x 15.9x 15.7x 10.5x 11.5x 10.2x 7.69x
EV / EBIT -42.7x -341x 27.8x 19.3x 12.6x 14.4x 11.6x 8.73x
EV / FCF 28.2x 534x 36.6x 24.5x 10.3x 14.8x 14x 10.6x
FCF Yield 3.54% 0.19% 2.73% 4.08% 9.74% 6.77% 7.14% 9.47%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.83 -0.22 2.11 5.18 6.5 5.361 6.256 7.226
Distribution rate - - - - - - - -
Net sales 1 1,982 1,796 2,174 2,441 2,367 2,389 2,546 2,697
EBITDA 1 115.2 95.07 225.6 323.6 373.8 393.3 416 486.2
EBIT 1 -79.3 -7.439 128.9 264.1 313.1 316.1 368.4 428.4
Net income 1 -81.26 -9.732 96.92 239.1 301.1 239.4 281.3 326.3
Net Debt 1 287.6 250.5 152.8 191.2 -231.6 606.3 326.6 -189.5
Reference price 2 68.52 50.65 75.51 108.58 92.86 89.75 89.75 89.75
Nbr of stocks (in thousands) 45,272 45,178 45,493 45,090 44,859 43,787 - -
Announcement Date 28/2/22 27/2/23 26/2/24 25/2/25 17/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
34.12x12.12x22.13x0.81% 123B
44.09x7.41x31.97x1.66% 49.69B
27.87x1.29x14.67x-.--% 42.36B
21.58x1.84x9.05x1.39% 35.92B
30.74x2.21x14.75x1.49% 31.05B
29.35x4.48x17.88x-.--% 28.47B
10.77x6.04x16.71x1.38% 26.63B
29.67x4.65x18.22x0.76% 17.42B
24.98x3.16x13.24x-.--% 17.51B
Average 28.13x 4.80x 17.62x 0.83% 41.3B
Weighted average by Cap. 30.57x 6.64x 19.40x 0.88%

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