Company Valuation: Alstom SA

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 7,002 - -
Change - 20.14% -43.09% 73.21% 19.17% -37.53% - -
Enterprise Value (EV) 1 10,027 11,677 8,424 9,928 12,467 8,205 8,047 7,665
Change - 16.45% -27.86% 17.85% 25.58% -34.19% -1.93% -4.74%
P/E -13.6x -71.7x -17.4x 65.7x 40.4x 13.1x 9.9x 8.27x
PBR 0.89x 1.05x 0.63x 0.9x - 0.61x 0.58x 0.55x
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 0.35x 0.33x 0.31x
EV / Revenue 0.65x 0.71x 0.48x 0.54x 0.65x 0.41x 0.38x 0.34x
EV / EBITDA 6.1x 6.72x 4.6x 4.84x 6.29x 4.77x 4.18x 3.55x
EV / EBIT 13.1x 13.7x 8.45x 8.43x 10.7x 6.15x 5.39x 4.7x
EV / FCF -10.1x 58.7x -14.9x 20.3x 38.5x 77.1x 22.7x 16.8x
FCF Yield -9.89% 1.7% -6.73% 4.94% 2.6% 1.3% 4.4% 5.96%
Dividend per Share 2 0.25 0.25 - - - 0.2257 0.362 0.4883
Rate of return 1.18% 1% - - - 1.49% 2.39% 3.23%
EPS 2 -1.56 -0.35 -0.81 0.31 0.6 1.16 1.529 1.831
Distribution rate -16% -71.4% - - - 19.5% 23.7% 26.7%
Net sales 1 15,471 16,507 17,619 18,489 19,171 20,214 21,377 22,423
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 1,335 1,494 1,630
Net income 1 -581 -132 -309 149 324 553.9 723.1 886
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 15.14 15.14 15.14
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
30.32x5.15x22.85x0.76% 373B
37.05x5.73x31.24x0.98% 181B
15.56x1.2x7.71x4.8% 65.72B
18.36x1.7x13.9x2.97% 57.8B
31.21x4.31x18.18x0.42% 48.51B
17.22x1.73x9.87x2.53% 43.3B
11.22x1.06x10.58x4.61% 36.1B
32.13x4.66x18.58x1.56% 30.3B
12.05x0.39x4.04x4.08% 25.42B
Average 22.79x 2.88x 15.22x 2.52% 95.66B
Weighted average by Cap. 27.92x 4.19x 20.72x 1.62%

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