Company Valuation: Basler AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,583 881.6 357.7 188.1 470.4 756.6 - -
Change - -44.32% -59.43% -47.4% 150.04% 60.84% - -
Enterprise Value (EV) 1 1,577 921.1 409.2 238.9 490.8 772.6 744.1 717.7
Change - -41.6% -55.58% -41.61% 105.42% 57.43% -3.69% -3.56%
P/E 76.3x 41.6x -25.9x -13.6x 40.3x 25.1x 21.1x 19.2x
PBR 12.3x 6.23x 2.57x 1.51x 3.54x 4.68x 3.95x 3.41x
PEG - 17.3x 0x - -0x 0x 1.1x 1.9x
Capitalization / Revenue 7.37x 3.24x 1.76x 1.02x 2.1x 2.62x 2.38x 2.2x
EV / Revenue 7.35x 3.38x 2.01x 1.3x 2.19x 2.67x 2.34x 2.09x
EV / EBITDA 35.4x 20.1x 241x 23.9x 14.1x 13.1x 10.9x 9.71x
EV / EBIT 55.6x 31.9x -18.7x -24.4x 27.7x 18x 14.7x 13x
EV / FCF 164x -29x -44.5x 171x 24.7x 34x 19.8x 19.5x
FCF Yield 0.61% -3.45% -2.25% 0.59% 4.05% 2.94% 5.06% 5.12%
Dividend per Share 2 0.2067 0.14 - - 0.11 0.2567 0.2933 0.3267
Rate of return 0.39% 0.47% - - 0.72% 1.04% 1.19% 1.33%
EPS 2 0.6933 0.71 -0.45 -0.45 0.38 0.98 1.163 1.283
Distribution rate 29.8% 19.7% - - 28.9% 26.2% 25.2% 25.5%
Net sales 1 214.7 272.2 203.1 183.7 224.5 289 318 343.3
EBITDA 1 44.5 45.8 1.7 10 34.9 58.9 68.47 73.9
EBIT 1 28.36 28.9 -21.9 -9.784 17.69 42.9 50.47 55.23
Net income 1 20.76 21.4 -13.81 -13.77 11.63 30.17 35.93 39.27
Net Debt 1 -6.249 39.52 51.49 50.76 20.33 16 -12.5 -38.97
Reference price 2 52.93 29.55 11.64 6.12 15.30 24.60 24.60 24.60
Nbr of stocks (in thousands) 29,914 29,834 30,728 30,743 30,748 30,758 - -
Announcement Date 03/04/22 29/03/23 27/03/24 28/03/25 30/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.1x2.67x13.12x1.04% 866M
32.11x7.53x23.9x-.--% 29.87B
18.74x1.74x10.03x1.79% 7.21B
266.7x - - - 3.42B
46.84x2.96x18.07x1.37% 3.28B
16.97x1.95x10.39x1.79% 2.25B
42.11x9.99x39.38x1.06% 1.91B
37.96x6.91x26.39x0.24% 1.29B
340x - - - 899M
Average 91.84x 4.82x 20.18x 1.04% 5.67B
Weighted average by Cap. 52.07x 6.04x 21.20x 0.53%

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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