Company Valuation: Alstom

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 7,942 9,542 5,430 9,406 11,209 7,360 - -
Change - 20.14% -43.09% 73.21% 19.17% -34.34% - -
Enterprise Value (EV) 1 10,027 11,677 8,424 9,928 12,467 8,558 8,441 8,069
Change - 16.45% -27.86% 17.85% 25.58% -31.35% -1.37% -4.41%
P/E -13.6x -71.7x -17.4x 65.7x 40.4x 14.5x 10.8x 8.82x
PBR 0.89x 1.05x 0.63x 0.9x 1.06x 0.65x 0.62x 0.58x
PEG - 0.9x -0x -0x 0.4x 0.2x 0.3x 0.4x
Capitalization / Revenue 0.51x 0.58x 0.31x 0.51x 0.58x 0.36x 0.34x 0.33x
EV / Revenue 0.65x 0.71x 0.48x 0.54x 0.65x 0.42x 0.39x 0.36x
EV / EBITDA 6.1x 6.72x 4.6x 4.84x 6.29x 4.9x 4.34x 3.72x
EV / EBIT 13.1x 13.7x 8.45x 8.43x 10.7x 6.55x 5.74x 4.92x
EV / FCF -10.1x 58.7x -14.9x 20.3x 38.5x 80.4x 23.9x 17.7x
FCF Yield -9.89% 1.7% -6.73% 4.94% 2.6% 1.24% 4.19% 5.66%
Dividend per Share 2 0.25 0.25 - - - 0.2234 0.3623 0.477
Rate of return 1.18% 1% - - - 1.4% 2.28% 3%
EPS 2 -1.56 -0.35 -0.81 0.31 0.6 1.098 1.467 1.805
Distribution rate -16% -71.4% - - - 20.4% 24.7% 26.4%
Net sales 1 15,471 16,507 17,619 18,489 19,171 20,280 21,432 22,381
EBITDA 1 1,643 1,738 1,833 2,051 1,981 1,748 1,947 2,172
EBIT 1 767 852 997 1,177 1,168 1,306 1,470 1,641
Net income 1 -581 -132 -309 149 324 521.9 700.9 863.7
Net Debt 1 2,085 2,135 2,994 522 1,258 1,198 1,081 708.8
Reference price 2 21.27 25.08 14.13 20.38 24.26 15.91 15.91 15.91
Nbr of stocks (in thousands) 373,392 380,453 384,291 461,511 462,030 462,616 - -
Announcement Date 11/05/22 10/05/23 08/05/24 14/05/25 13/05/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.49x0.42x4.9x1.4% 8.22B
29.87x5.08x22.51x0.77% 367B
34.93x5.47x29.78x1.04% 171B
15.29x1.17x7.53x4.82% 64.19B
18.15x1.68x13.64x3% 56.92B
30.58x4.29x18.15x0.43% 48.27B
16.33x1.65x9.46x2.65% 40.99B
11.2x1.05x10.52x4.66% 34.8B
32.79x4.76x19x1.52% 30.87B
12.44x0.41x4.22x3.95% 26.21B
Average 21.61x 2.60x 13.97x 2.43% 84.85B
Weighted average by Cap. 27.04x 4.06x 20.01x 1.65%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Alstom

Historical PBR trend

Valuation ratios - PBR - Alstom

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Alstom

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Alstom


Year-on-year evolution of the Yield

Valuation ratios - Yield - Alstom