Company Valuation: Clariant AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,262 4,822 4,086 3,318 2,351 2,393 - -
Change - -23% -15.25% -18.8% -29.16% 1.79% - -
Enterprise Value (EV) 1 7,797 5,572 4,841 4,807 3,764 3,610 3,477 3,378
Change - -28.54% -13.11% -0.71% -21.71% -4.09% -3.68% -2.83%
P/E 18.3x 56.3x 30.3x 13.6x -31.1x 11.4x 9.22x 8.67x
PBR 2.65x 2.06x 2.03x 1.42x 1.16x 1.13x 1.08x 1.05x
PEG - -0.8x 0.5x 0.2x 0x -0x 0.4x 1.37x
Capitalization / Revenue 1.43x 0.93x 0.93x 0.8x 0.6x 0.63x 0.61x 0.59x
EV / Revenue 1.78x 1.07x 1.11x 1.16x 0.96x 0.95x 0.89x 0.83x
EV / EBITDA 10.3x 6.24x 7.55x 7.25x 5.4x 5.52x 4.89x 4.52x
EV / EBIT 15.8x 9.03x 12x 11.6x 8.46x 9.02x 7.48x 6.86x
EV / FCF 1,299x 19x 22.4x 23x 13.8x 11x 10.2x 9.83x
FCF Yield 0.08% 5.26% 4.46% 4.35% 7.25% 9.12% 9.78% 10.2%
Dividend per Share 2 0.4 0.42 0.42 0.42 0.42 0.4344 0.4567 0.4831
Rate of return 2.11% 2.87% 3.38% 4.16% 5.87% 5.97% 6.28% 6.64%
EPS 2 1.04 0.26 0.41 0.74 -0.23 0.6393 0.7892 0.8391
Distribution rate 38.5% 162% 102% 56.8% -183% 67.9% 57.9% 57.6%
Net sales 1 4,372 5,198 4,377 4,152 3,915 3,795 3,918 4,046
EBITDA 1 760 893 641 663 697 654 710.8 747.9
EBIT 1 493 617 405 416 445 400.4 465 492.8
Net income 1 344 84 134 244 -75 211.4 260.6 276.8
Net Debt 1 1,535 750 755 1,489 1,413 1,217 1,084 985.6
Reference price 2 19.000 14.650 12.420 10.090 7.160 7.275 7.275 7.275
Nbr of stocks (in thousands) 329,554 329,116 329,017 328,848 328,286 328,876 - -
Announcement Date 19/05/22 02/03/23 28/02/24 28/02/25 26/02/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
33.9x4.8x19.34x1.1% 74.36B
29.28x4.56x19.59x2.2% 38.24B
21.67x2.62x13.55x2.46% 30.82B
15.47x1.48x9.01x2.03% 26.71B
36.27x8.91x27.09x2.53% 22.41B
10.7x2.76x5.84x3.74% 19.66B
26.79x2.78x11.37x1.59% 18.74B
11.58x2.38x5.12x1.37% 13.99B
22.7x2.71x12.47x1.51% 13.7B
Average 23.15x 3.67x 13.71x 2.06% 28.74B
Weighted average by Cap. 25.98x 3.98x 15.56x 1.92%

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