Company Valuation: Exponent, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,083 5,018 4,602 4,463 3,500 3,240 - -
Change - -17.51% -8.28% -3.02% -21.59% -7.42% - -
Enterprise Value (EV) 1 5,800 5,018 4,415 4,204 3,278 3,117 3,026 2,934
Change - -13.49% -12.01% -4.77% -22.04% -4.91% -2.92% -3.01%
P/E 61.4x 50.6x 46.9x 41.7x 33.9x 28.9x 25.5x 23.7x
PBR 14.9x - 12.9x 10.8x 9.21x 9.22x 7.23x 6.26x
PEG - 16.02x -45.96x 4.76x -17.88x 2.5x 1.9x 3.09x
Capitalization / Revenue 14x 10.8x 9.26x 8.61x 6.52x 5.34x 4.95x 4.78x
EV / Revenue 13.3x 10.8x 8.88x 8.11x 6.11x 5.14x 4.62x 4.32x
EV / EBITDA 43.9x 36.6x 32.1x 28.6x 22.1x 18.1x 15.9x 15x
EV / EBIT 53.2x 35.6x 39.7x 35.2x 27.4x 21.4x 17.7x 16.1x
EV / FCF 49.1x - - - 26.8x 17.3x 14.7x -
FCF Yield 2.04% - - - 3.73% 5.78% 6.81% -
Dividend per Share 2 0.8 - 1.04 1.12 1.2 1.24 1.3 1.24
Rate of return 0.69% - 1.14% 1.27% 1.71% 1.86% 1.95% 1.86%
EPS 2 1.9 1.96 1.94 2.11 2.07 2.307 2.615 2.816
Distribution rate 42.1% - 53.6% 53.1% 58% 53.7% 49.7% 44%
Net sales 1 434.8 463.8 497.2 518.5 536.8 606.3 655 678.5
EBITDA 1 132.3 137.2 137.7 147.1 148.1 172.1 190.5 195.2
EBIT 1 108.9 140.8 111.3 119.6 119.8 145.7 171.4 182.5
Net income 1 101.2 102.3 100.3 109 106 110.4 126.4 135.8
Net Debt 1 -282.7 - -187.2 -258.9 -221.9 -123.3 -214.5 -305.6
Reference price 2 116.73 99.09 90.91 87.92 70.15 66.79 66.79 66.79
Nbr of stocks (in thousands) 52,112 50,638 50,622 50,764 49,887 48,512 - -
Announcement Date 3/2/22 2/2/23 1/2/24 6/2/25 5/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.95x5.14x18.11x1.86% 3.24B
37.01x6.74x23.95x0.93% 81.25B
33.85x3.89x12.99x1.36% 17.54B
38.2x1.25x13.58x0.97% 16.98B
20.72x2.13x10.49x3.53% 14.56B
25.4x2.84x12.14x2.97% 12.1B
26.34x3.66x14.06x2.2% 8.38B
14.73x0.64x9.17x1.44% 6.74B
9.69x1.14x6.1x2.17% 5.76B
19.5x0.41x9.61x3.82% 5.55B
Average 25.44x 2.79x 13.02x 2.12% 17.21B
Weighted average by Cap. 31.59x 4.44x 17.61x 1.57%

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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