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 6,918 - -
Change - 20.14% -43.09% 73.21% 19.17% -38.28% - -
Enterprise Value (EV) 1 10,027 11,677 8,424 9,928 12,467 8,122 7,964 7,582
Change - 16.45% -27.86% 17.85% 25.58% -34.85% -1.95% -4.79%
P/E -13.6x -71.7x -17.4x 65.7x 40.4x 12.7x 9.54x 7.97x
PBR 0.89x 1.05x 0.63x 0.9x - 0.61x 0.57x 0.54x
PEG - 0.9x -0x -0x 0.4x 0.1x 0.3x 0.4x
Capitalization / Revenue 0.51x 0.58x 0.31x 0.51x 0.58x 0.34x 0.32x 0.31x
EV / Revenue 0.65x 0.71x 0.48x 0.54x 0.65x 0.4x 0.37x 0.34x
EV / EBITDA 6.1x 6.72x 4.6x 4.84x 6.29x 4.72x 4.13x 3.51x
EV / EBIT 13.1x 13.7x 8.45x 8.43x 10.7x 6.08x 5.33x 4.66x
EV / FCF -10.1x 58.7x -14.9x 20.3x 38.5x 63.9x 32.9x 21.8x
FCF Yield -9.89% 1.7% -6.73% 4.94% 2.6% 1.56% 3.04% 4.59%
Dividend per Share 2 0.25 0.25 - - - 0.2257 0.3643 0.4945
Rate of return 1.18% 1% - - - 1.51% 2.44% 3.31%
EPS 2 -1.56 -0.35 -0.81 0.31 0.6 1.179 1.568 1.876
Distribution rate -16% -71.4% - - - 19.1% 23.2% 26.4%
Net sales 1 15,471 16,507 17,619 18,489 19,171 20,212 21,374 22,419
EBITDA 1 1,643 1,738 1,833 2,051 1,981 1,719 1,926 2,159
EBIT 1 767 852 997 1,177 1,168 1,336 1,495 1,626
Net income 1 -581 -132 -309 149 324 553.5 725.5 877.3
Net Debt 1 2,085 2,135 2,994 522 1,258 1,203 1,045 663.8
Reference price 2 21.27 25.08 14.13 20.38 24.26 14.96 14.96 14.96
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.($)
12.68x0.4x4.72x1.51% 7.93B
19.18x1.79x14.63x2.84% 60.39B
15.98x1.61x9.17x2.79% 39.7B
11.62x1.08x10.78x4.46% 37.64B
31.5x4.57x18.27x1.59% 30.07B
11.09x1.5x9.03x1.98% 19.67B
23.75x2.21x12.01x2% 19.6B
31.38x1.03x18.23x1.16% 16.68B
24.56x2.72x14.66x2.44% 16.48B
13.83x - - 0.7% 16.52B
Average 19.56x 1.88x 12.39x 2.15% 26.47B
Weighted average by Cap. 19.34x 1.97x 12.89x 2.49%

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

-40%: Exceptional extension
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