Company Valuation: Terex Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,068 2,858 3,867 3,087 3,502 7,191 - -
Change - -6.84% 35.31% -20.16% 13.42% 105.34% - -
Enterprise Value (EV) 1 3,475 3,329 4,120 5,283 5,314 9,012 8,544 8,163
Change - -4.19% 23.73% 28.25% 0.57% 69.6% -5.2% -4.45%
P/E 14.1x 9.89x 7.58x 9.32x 16x 24.6x 11.9x 10.3x
PBR 2.76x 2.42x 2.35x 1.71x 1.65x 1.36x 1.49x 1.48x
PEG - 0.3x 0.1x -0.3x -0.5x -1.1x 0x 0.7x
Capitalization / Revenue 0.79x 0.65x 0.75x 0.6x 0.65x 0.88x 0.82x 0.78x
EV / Revenue 0.89x 0.75x 0.8x 1.03x 0.98x 1.11x 0.98x 0.88x
EV / EBITDA 9.19x 7.13x 5.95x 8.23x 7.34x 9.03x 7.36x 6.45x
EV / EBIT 10.6x 7.93x 6.47x 10x 9.39x 10.2x 8.37x 7.19x
EV / FCF 14.9x 22x 12.4x 28x 16.3x 28.1x 17.9x 13.2x
FCF Yield 6.73% 4.55% 8.06% 3.58% 6.12% 3.56% 5.58% 7.6%
Dividend per Share 2 0.48 0.52 0.64 0.68 0.68 0.71 0.7257 0.735
Rate of return 1.09% 1.22% 1.11% 1.47% 1.27% 1.13% 1.15% 1.17%
EPS 2 3.12 4.32 7.58 4.96 3.33 2.559 5.303 6.1
Distribution rate 15.4% 12% 8.44% 13.7% 20.4% 27.7% 13.7% 12%
Net sales 1 3,887 4,418 5,152 5,127 5,421 8,142 8,757 9,249
EBITDA 1 378.2 467.2 692.9 642 724 998.3 1,161 1,266
EBIT 1 328 420 636.5 526 566 887.5 1,020 1,135
Net income 1 220.9 300 518 335 221 294.8 599.9 676.9
Net Debt 1 407.2 471.4 252.5 2,196 1,812 1,822 1,353 972.6
Reference price 2 43.95 42.72 57.46 46.22 53.38 62.91 62.91 62.91
Nbr of stocks (in thousands) 69,800 66,900 67,300 66,800 65,600 114,300 - -
Announcement Date 10/2/22 9/2/23 8/2/24 6/2/25 11/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.58x1.11x9.03x1.13% 7.19B
20.54x1.93x15.83x2.66% 64.48B
16.96x1.69x9.65x2.65% 42.73B
12.11x1.12x11.25x4.29% 39.77B
32.91x4.77x19.05x1.52% 32.24B
11.89x1.53x9.53x1.93% 20.38B
23.55x2.2x11.92x2.01% 19.7B
31.66x1.04x18.37x1.15% 16.83B
26.65x2.94x15.84x2.25% 18.16B
14.06x - - 0.69% 17.03B
Average 21.49x 2.04x 13.39x 2.03% 27.85B
Weighted average by Cap. 20.58x 2.10x 13.71x 2.38%

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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