Company Valuation: NSE

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 38.71 61.92 50.8 79.37 91.76 127
Change - 59.95% -17.95% 56.24% 15.6% 38.36%
Enterprise Value (EV) 1 44.54 58.17 50.56 80.41 84.95 134.5
Change - 30.6% -13.08% 59.03% 5.64% 58.33%
P/E 9.8x 15.2x 16.6x 19.2x 25.3x 23.8x
PBR 1.33x 1.84x 1.41x 2.03x 2.2x 2.59x
PEG - 6.3x -0.7x 0.5x -2.1x 0.6x
Capitalization / Revenue 0.55x 0.93x 0.77x 1.03x 0.89x 1.16x
EV / Revenue 0.63x 0.87x 0.77x 1.04x 0.82x 1.23x
EV / EBITDA 5.41x 8.35x 10.7x 13.1x 10.2x 11.4x
EV / EBIT 6.24x 9.98x 15x 17.7x 12.4x 14.4x
EV / FCF 51.7x 5.49x -16.4x 194x 8.61x 34.7x
FCF Yield 1.93% 18.2% -6.11% 0.51% 11.6% 2.88%
Dividend per Share 2 0.2 0.22 0.22 - 0.27 -
Rate of return 1.63% 1.13% 1.38% - 0.93% -
EPS 2 1.256 1.286 0.9627 1.301 1.142 1.619
Distribution rate 15.9% 17.1% 22.9% - 23.6% -
Net sales 1 70.4 66.62 65.57 76.99 103.6 109.6
EBITDA 1 8.228 6.966 4.73 6.135 8.361 11.81
EBIT 1 7.142 5.831 3.377 4.549 6.835 9.361
Net income 1 3.953 4.084 3.056 4.133 3.625 5.335
Net Debt 1 5.826 -3.752 -0.24 1.038 -6.809 7.543
Reference price 2 12.30 19.50 16.00 25.00 28.90 38.50
Nbr of stocks (in thousands) 3,147 3,175 3,175 3,175 3,175 3,298
Announcement Date 3/5/21 2/5/22 28/4/23 14/5/24 25/4/25 26/5/26
1EUR in Million2EUR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 185M
1516.3x103.52x1153.55x - 5.56B
-117.66x8.18x-118.11x-.--% 5.04B
27.45x2.91x20.84x-.--% 2.28B
-106.16x25.92x-345.79x - 1.44B
-93.6x12.07x-138.27x4.66% 1.39B
20.66x3.57x12.31x2.94% 1.13B
Average 207.83x 26.03x 97.42x 1.9% 2.43B
Weighted average by Cap. 453.38x 40.45x 307.93x 1%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA