Company Valuation: STMicroelectronics N.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 44,709 32,058 45,147 22,573 23,416 44,457 - -
Change - -28.3% 40.83% -50% 3.74% 89.86% - -
Enterprise Value (EV) 1 43,732 30,257 41,991 19,342 20,627 42,369 41,205 38,871
Change - -30.81% 38.78% -53.94% 6.64% 105.41% -2.75% -5.66%
P/E 22.8x 8.42x 11.2x 15.1x 146x 43x 19.3x 13.3x
PBR 4.86x 2.51x 2.82x 1.35x 1.36x 2.47x 2.22x 1.93x
PEG - 0.1x 1.74x -0.2x -1.6x 0x 0x 0.3x
Capitalization / Revenue 3.5x 1.99x 2.61x 1.7x 1.98x 3.08x 2.63x 2.31x
EV / Revenue 3.43x 1.88x 2.43x 1.46x 1.75x 2.94x 2.43x 2.02x
EV / EBITDA 12.6x 5.35x 6.8x 5.63x 8.58x 12.8x 8.86x 6.84x
EV / EBIT 18.1x 6.82x 9.11x 11.5x 37.4x 31.1x 15.6x 9.39x
EV / FCF 39x 19x 23.7x 67.2x 66.8x 65.4x 28.6x 13.8x
FCF Yield 2.56% 5.26% 4.22% 1.49% 1.5% 1.53% 3.5% 7.26%
Dividend per Share 2 0.24 0.24 0.24 0.36 0.36 0.3573 0.3712 0.3895
Rate of return 0.49% 0.68% 0.48% 1.43% 1.37% 0.72% 0.74% 0.78%
EPS 2 2.16 4.19 4.46 1.66 0.18 1.159 2.588 3.747
Distribution rate 11.1% 5.73% 5.38% 21.7% 200% 30.8% 14.3% 10.4%
Net sales 1 12,761 16,128 17,286 13,269 11,800 14,419 16,932 19,252
EBITDA 1 3,466 5,654 6,172 3,436 2,405 3,302 4,651 5,680
EBIT 1 2,421 4,439 4,611 1,676 551 1,362 2,642 4,138
Net income 1 2,000 3,960 4,211 1,557 166 1,086 2,393 3,072
Net Debt 1 -977 -1,801 -3,156 -3,231 -2,789 -2,088 -3,252 -5,586
Reference price 2 49.32 35.26 50.01 25.13 26.35 49.83 49.83 49.83
Nbr of stocks (in thousands) 906,449 909,136 902,747 898,175 888,746 892,104 - -
Announcement Date 27/1/22 26/1/23 25/1/24 30/1/25 29/1/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.06x12.49x18.92x0.35% 5,296B
22.54x11.07x15x1.11% 1,971B
37.67x15.88x23.33x0.75% 1,658B
13.44x8.18x9.88x0.05% 1,104B
4.96x3.16x3.82x0.21% 921B
95.36x17.25x65.54x-.--% 890B
-47.14x9.42x26.23x-.--% 572B
210.12x46.05x93.81x-.--% 283B
Average 44.88x 15.44x 32.07x 0.31% 1,587B
Weighted average by Cap. 28.40x 12.60x 22.27x 0.43%

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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