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 45,856 - -
Change - -28.3% 40.83% -50% 3.74% 95.83% - -
Enterprise Value (EV) 1 43,732 30,257 41,991 19,342 20,627 43,768 42,503 40,198
Change - -30.81% 38.78% -53.94% 6.64% 112.19% -2.89% -5.42%
P/E 22.8x 8.42x 11.2x 15.1x 146x 44.5x 19.9x 13.7x
PBR 4.86x 2.51x 2.82x 1.35x 1.36x 2.54x 2.28x 1.98x
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 3.18x 2.71x 2.38x
EV / Revenue 3.43x 1.88x 2.43x 1.46x 1.75x 3.03x 2.51x 2.09x
EV / EBITDA 12.6x 5.35x 6.8x 5.63x 8.58x 13.2x 8.56x 6.37x
EV / EBIT 18.1x 6.82x 9.11x 11.5x 37.4x 32.1x 14.8x 10.2x
EV / FCF 39x 19x 23.7x 67.2x 66.8x 67.5x 18.5x 11.3x
FCF Yield 2.56% 5.26% 4.22% 1.49% 1.5% 1.48% 5.39% 8.87%
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% 0.7% 0.72% 0.76%
EPS 2 2.16 4.19 4.46 1.66 0.18 1.156 2.585 3.74
Distribution rate 11.1% 5.73% 5.38% 21.7% 200% 30.9% 14.4% 10.4%
Net sales 1 12,761 16,128 17,286 13,269 11,800 14,427 16,932 19,245
EBITDA 1 3,466 5,654 6,172 3,436 2,405 3,306 4,966 6,313
EBIT 1 2,421 4,439 4,611 1,676 551 1,362 2,871 3,932
Net income 1 2,000 3,960 4,211 1,557 166 1,079 2,383 3,418
Net Debt 1 -977 -1,801 -3,156 -3,231 -2,789 -2,088 -3,352 -5,658
Reference price 2 49.32 35.26 50.01 25.13 26.35 51.40 51.40 51.40
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.58x12.82x19.43x0.34% 5,435B
23.01x11.3x15.32x1.09% 2,020B
38.27x16.13x23.69x0.74% 1,684B
14.84x9.07x10.93x0.05% 1,222B
110.32x19.99x75.97x-.--% 1,029B
5.27x3.41x4.12x0.19% 1T
-53.29x10.61x29.52x-.--% 646B
246.14x54.08x110.16x-.--% 331B
Average 50.89x 17.18x 36.14x 0.3% 1,671B
Weighted average by Cap. 31.25x 13.43x 24.52x 0.41%

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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