Company Valuation: ALTEN

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,375 3,966 4,648 2,751 2,527 2,095 - -
Change - -26.22% 17.2% -40.81% -8.16% -17.07% - -
Enterprise Value (EV) 1 5,155 3,786 4,607 2,742 2,359 1,623 1,458 1,266
Change - -26.56% 21.66% -40.48% -13.99% -31.21% -10.17% -13.17%
P/E 26.3x 8.84x 20x 14.9x 23.8x 9.65x 8.51x 7.88x
PBR 3.78x 2.17x 2.29x 1.24x 1.14x 0.89x 0.83x 0.79x
PEG - 0x -0.4x -0.7x -0.6x 0x 0.6x 1x
Capitalization / Revenue 1.84x 1.05x 1.14x 0.66x 0.62x 0.51x 0.49x 0.46x
EV / Revenue 1.76x 1x 1.13x 0.66x 0.58x 0.39x 0.34x 0.28x
EV / EBITDA 13.1x 8.04x 10.1x 6.12x 5.38x 3.67x 3.04x 2.45x
EV / EBIT 16.1x 9.71x 13.1x 7.7x 7.53x 4.45x 3.69x 2.96x
EV / FCF 32.6x 25.5x 31.4x 8.23x 9.83x 6.94x 6.48x 4.94x
FCF Yield 3.07% 3.93% 3.18% 12.2% 10.2% 14.4% 15.4% 20.2%
Dividend per Share 2 1 1.5 1.5 1.5 1.5 1.703 1.799 1.796
Rate of return 0.63% 1.28% 1.11% 1.9% 2.07% 2.82% 2.98% 2.97%
EPS 2 6.03 13.21 6.74 5.32 3.04 6.256 7.101 7.662
Distribution rate 16.6% 11.4% 22.3% 28.2% 49.3% 27.2% 25.3% 23.4%
Net sales 1 2,925 3,783 4,069 4,143 4,099 4,143 4,302 4,516
EBITDA 1 392.3 470.7 454.5 448.3 438 442.2 480 516.7
EBIT 1 319.9 389.9 350.5 356.3 313.3 364.4 394.8 427.8
Net income 1 207.8 457.6 233.2 186.4 106.9 221.3 251.4 269.1
Net Debt 1 -219.8 -179.7 -41.54 -8.97 -168.1 -472.8 -637.7 -829.7
Reference price 2 158.50 116.80 134.60 79.05 72.45 60.40 60.40 60.40
Nbr of stocks (in thousands) 33,913 33,956 34,533 34,801 34,874 34,690 - -
Announcement Date 22/2/22 24/2/23 22/2/24 20/2/25 24/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.65x0.39x3.67x2.82% 2.39B
21.16x3.48x12.12x3.16% 202B
-93.89x14.84x85.94x-.--% 92.91B
10.88x1.2x6.29x4.42% 89.95B
14.62x2.66x10.06x5.62% 84.7B
20.17x5.27x12.97x2.84% 59.85B
13.61x1.98x8.38x5.73% 43.77B
17.31x2.21x10.6x5.02% 35.71B
18.74x1.51x9.48x1.58% 34.75B
19.59x1.45x9.18x1.01% 34.43B
Average 5.18x 3.50x 16.87x 3.22% 68.02B
Weighted average by Cap. 2.25x 4.41x 20.62x 3.25%

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