Company Valuation: Vallourec

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,015 2,807 3,222 3,788 3,677 4,255 - -
Change - 39.32% 14.8% 17.56% -2.92% 15.71% - -
Enterprise Value (EV) 1 2,973 3,937 3,792 3,767 3,638 4,177 4,085 4,005
Change - 32.43% -3.68% -0.67% -3.41% 14.82% -2.22% -1.96%
P/E 29.3x -7.67x 6.78x 8.88x 11x 14.2x 8.93x 8.09x
PBR 0.6x 1.71x 1.49x 1.51x 1.59x 2.09x 1.77x 1.7x
PEG - 0x -0x -0.8x -0.5x -1.81x 0.2x 0.8x
Capitalization / Revenue 0.59x 0.57x 0.63x 0.94x 0.97x 1.13x 0.97x 0.92x
EV / Revenue 0.86x 0.81x 0.74x 0.93x 0.96x 1.11x 0.93x 0.86x
EV / EBITDA 6.04x 5.51x 3.17x 4.53x 4.44x 5.32x 4.08x 3.72x
EV / EBIT 7.95x 8.07x 3.82x 6.23x 5.84x 7.42x 5.16x 4.64x
EV / FCF -10.5x - 7.61x 11.7x 9.47x 14.6x 8.2x 6.54x
FCF Yield -9.55% - 13.1% 8.52% 10.6% 6.86% 12.2% 15.3%
Dividend per Share 2 - - - 1.5 1.75 1.483 1.568 1.762
Rate of return - - - 9.14% 11.2% 8% 8.46% 9.51%
EPS 2 0.3 -1.6 2.07 1.85 1.42 1.308 2.075 2.29
Distribution rate - - - 81.1% 123% 113% 75.5% 76.9%
Net sales 1 3,442 4,883 5,114 4,034 3,809 3,758 4,386 4,634
EBITDA 1 492 715 1,196 832 819 785 1,001 1,076
EBIT 1 374 488 993 605 623 563 791.3 863.7
Net income 1 40 -366 496 452 355 342.5 551.5 612.8
Net Debt 1 958 1,130 570 -21 -39 -77.51 -170.1 -250.3
Reference price 2 8.80 12.27 14.02 16.42 15.69 18.54 18.54 18.54
Nbr of stocks (in thousands) 228,927 228,741 229,728 230,677 234,359 229,554 - -
Announcement Date 24/2/22 2/3/23 1/3/24 27/2/25 27/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.8x2.45x11.19x2.09% 83.2B
19.83x2.48x13.82x1.56% 58.63B
14.95x1.56x8.51x1.91% 29.86B
24.91x2.72x13.42x0.26% 29.94B
27.18x0.51x4.39x3.83% 9.71B
23.6x0.88x7.7x1.83% 7.52B
7.01x1.48x5.86x3.01% 6.91B
16.64x1.41x6.64x1.24% 6.37B
31.92x6.08x10.94x3.14% 6.46B
Average 20.98x 2.17x 9.16x 2.1% 26.51B
Weighted average by Cap. 21.18x 2.29x 11.11x 1.8%

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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