Company Valuation: Atrion Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 1,373 1,394 1,175 1,269 991.7 666.6
Change - 1.52% -15.73% 8.06% -21.87% -32.78%
Enterprise Value (EV) 1 1,305 1,326 1,133 1,208 966.5 660.6
Change - 1.61% -14.52% 6.61% -20% -31.65%
P/E 40.2x 38.1x 36.8x 38.8x 28.6x 34.4x
PBR 6.52x 5.86x 4.88x 5.2x 4.11x 2.74x
PEG - 5.45x -3.2x 9.14x 3.77x -0.8x
Capitalization / Revenue 9.01x 8.99x 7.96x 7.69x 5.4x 3.94x
EV / Revenue 8.56x 8.55x 7.68x 7.32x 5.27x 3.9x
EV / EBITDA 25.7x 25.8x 23.9x 24.7x 18.1x 17.5x
EV / EBIT 31.3x 32.7x 31.8x 33.5x 24.4x 29.3x
EV / FCF 82.9x 156x 129x 71.2x -140x -54.4x
FCF Yield 1.21% 0.64% 0.78% 1.4% -0.71% -1.84%
Dividend per Share 2 5.1 5.8 6.6 7.4 8.2 8.7
Rate of return 0.69% 0.77% 1.03% 1.05% 1.47% 2.3%
EPS 2 18.44 19.73 17.44 18.18 19.56 11.02
Distribution rate 27.7% 29.4% 37.8% 40.7% 41.9% 78.9%
Net sales 1 152.4 155.1 147.6 165 183.5 169.3
EBITDA 1 50.83 51.38 47.32 48.93 53.5 37.68
EBIT 1 41.71 40.53 35.67 36.04 39.69 22.58
Net income 1 34.26 36.76 32.12 33.06 35.01 19.41
Net Debt 1 -68.44 -68.25 -41.44 -61.23 -25.21 -6.016
Reference price 2 741.08 751.50 642.24 704.90 559.45 378.79
Nbr of stocks (in thousands) 1,853 1,855 1,829 1,801 1,773 1,760
Announcement Date 26/02/19 02/03/20 01/03/21 25/02/22 27/02/23 29/02/24
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 809M
33.46x4.49x17.25x2.2% 202B
21.15x3.63x12.76x3.19% 119B
17.42x0.2x12.74x0.75% 60.69B
30.37x7.55x19.28x1.31% 52.38B
37x3.53x12.12x2.04% 52.3B
37.01x6.52x20.46x-.--% 34.85B
44.97x1.28x11.71x0.17% 30.06B
41.17x7.21x25.89x0.26% 24.85B
19.84x3.06x11.16x1.45% 23.84B
Average 31.38x 4.16x 15.93x 1.26% 60.11B
Weighted average by Cap. 29.99x 4.08x 15.65x 1.82%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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