Company Valuation: Leonardo DRS, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,325 5,258 8,543 9,069 12,055 - -
Change - 58.12% 62.47% 6.16% 32.93% - -
Enterprise Value (EV) 1 3,325 5,197 8,310 8,769 11,634 11,466 11,264
Change - 56.29% 59.9% 5.53% 32.67% -1.44% -1.76%
P/E 6.8x 31.3x 40.4x 33.1x 34.5x 32.1x 28.6x
PBR - 2.26x 3.35x 3.32x 4.1x 3.8x 3.51x
PEG - -0.5x 1.6x 1.2x 1.3x 4.24x 2.3x
Capitalization / Revenue 1.23x 1.86x 2.64x 2.49x 3.05x 2.86x 2.71x
EV / Revenue 1.23x 1.84x 2.57x 2.4x 2.95x 2.72x 2.53x
EV / EBITDA 10.5x 16x 20.8x 19.4x 21.8x 19.4x 17.6x
EV / EBIT 5.93x 22.5x 28.4x 25.2x 26.3x 23.4x 20.6x
EV / FCF -104x 35.8x 44.7x 38.6x 41.3x 34.9x 29.6x
FCF Yield -0.96% 2.79% 2.24% 2.59% 2.42% 2.86% 3.38%
Dividend per Share 2 - - - 0.36 0.3622 0.3965 0.4319
Rate of return - - - 1.06% 0.8% 0.88% 0.96%
EPS 2 1.88 0.64 0.8 1.03 1.309 1.408 1.582
Distribution rate - - - 35% 27.7% 28.2% 27.3%
Net sales 1 2,693 2,826 3,234 3,648 3,947 4,216 4,453
EBITDA 1 318 324 400 453 534.1 590 641.2
EBIT 1 561 231 293 348 442.9 489.2 546.4
Net income 1 405 168 213 278 352.3 382.2 446
Net Debt 1 - -61 -233 -300 -421.9 -589.6 -791.9
Reference price 2 12.78 20.04 32.31 34.09 45.17 45.17 45.17
Nbr of stocks (in thousands) 260,187 262,370 264,397 266,027 266,892 - -
Announcement Date 28/3/23 27/2/24 20/2/25 24/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
43.27x7.77x32.27x0.49% 382B
36.98x3.42x20.12x1.28% 302B
37.92x5.35x22.97x0.93% 172B
19.62x1.88x13.5x2.34% 138B
23.05x1.95x15.93x1.61% 106B
28.68x2.04x14.37x1.78% 85.31B
19.84x2.06x14.63x1.69% 81.78B
33.98x3.68x16.29x1.24% 61.51B
23.72x2.6x14.29x1.75% 53.26B
Average 29.67x 3.42x 18.26x 1.46% 153.46B
Weighted average by Cap. 33.86x 4.41x 21.78x 1.22%

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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