Company Valuation: Airesis SA

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 76.82 73.18 54.88 44.34 40.31 39.69
Change - -4.75% -25% -19.21% -9.09% -1.54%
Enterprise Value (EV) 1 118.7 150.1 148.2 137.5 144.2 145.8
Change - 26.49% -1.28% -7.19% 4.83% 1.13%
P/E -78.5x -6.44x -2.96x -5.3x -20.1x -1.35x
PBR 2.92x 4.72x -16.2x -4.49x -5.62x -1.34x
PEG - -0x -0x 0.1x 0.3x -0x
Capitalization / Revenue 0.5x 0.46x 0.54x 0.31x 0.27x 0.33x
EV / Revenue 0.78x 0.95x 1.46x 0.96x 0.96x 1.2x
EV / EBITDA 20.5x -16.6x -8.85x -22.4x -24x -6.79x
EV / EBIT 35.6x -13.6x -7.93x -17.2x -19x -5.73x
EV / FCF 11.5x -16.8x -53.4x -3,081x -12.7x 164x
FCF Yield 8.7% -5.95% -1.87% -0.03% -7.85% 0.61%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0158 -0.1834 -0.299 -0.135 -0.0323 -0.473
Distribution rate - - - - - -
Net sales 1 152.9 157.5 101.8 143.9 149.7 121
EBITDA 1 5.793 -9.067 -16.75 -6.15 -5.996 -21.48
EBIT 1 3.335 -11.02 -18.69 -7.975 -7.583 -25.46
Net income 1 -0.903 -11.37 -18.52 -8.355 -2.004 -29.29
Net Debt 1 41.83 76.9 93.27 93.16 103.8 106.1
Reference price 2 1.2400 1.1800 0.8850 0.7150 0.6500 0.6400
Nbr of stocks (in thousands) 61,953 62,014 62,014 62,013 62,013 62,013
Announcement Date 12/04/19 30/04/20 23/04/21 28/04/22 27/04/23 28/06/24
1CHF in Million2CHF
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.59x12.05x20.04x1.68% 40.69B
16.89x9.05x14.46x6.23% 23.37B
19.04x8.59x13.98x3.48% 17.59B
24.72x4.82x8.39x3.05% 3.85B
7.9x0.94x5.09x4.89% 1.3B
13.88x12.82x13.19x5.11% 908M
8.54x7.77x8.34x6.3% 790M
Average 17.37x 8.00x 11.93x 4.39% 12.64B
Weighted average by Cap. 23.72x 10.06x 16.46x 3.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA