Company Valuation: Ernst Russ AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204.3 144.7 136.5 192.7 234.5 259.4 - -
Change - -29.21% -5.63% 41.16% 21.68% 10.63% - -
Enterprise Value (EV) 1 257.1 144.7 82.85 93.57 122 195 97.81 115.8
Change - -43.73% -42.72% 12.93% 30.38% 59.88% -49.85% 18.4%
P/E 12.9x 3.05x 2.45x 4.54x 3.19x 7.02x 9.75x 9.39x
PBR 2.83x - 0.8x 0.74x 0.94x 0.84x 0.8x 0.76x
PEG - 0x 0.2x -0.2x 0x -0.1x -0.3x 2.47x
Capitalization / Revenue 2.21x - 0.67x 1.12x 1.48x 1.68x 1.62x 1.59x
EV / Revenue 2.79x - 0.41x 0.54x 0.77x 1.27x 0.61x 0.71x
EV / EBITDA 6.51x - 0.71x 1.01x 0.97x 2.4x 1.47x 1.75x
EV / EBIT 8.35x - 0.96x 1.38x 1.27x 3.75x 2.74x 3.13x
EV / FCF 7.03x - - - 2.96x 4.45x 2.23x 3.12x
FCF Yield 14.2% - - - 33.8% 22.5% 44.8% 32%
Dividend per Share 2 - - 1 0.2 0.25 0.3167 0.3 0.34
Rate of return - - 24.5% 3.5% 3.59% 4.11% 3.9% 4.42%
EPS 2 0.49 1.46 1.66 1.26 2.18 1.097 0.79 0.82
Distribution rate - - 60.2% 15.9% 11.5% 28.9% 38% 41.5%
Net sales 1 92.28 - 202.7 172.7 158.1 154.1 160.2 163.3
EBITDA 1 39.49 - 116.6 93 126.2 81.33 66.73 66.2
EBIT 1 30.8 - 86.6 67.7 96.4 52.03 35.73 37.03
Net income 1 15.78 47.27 55.08 42.47 73.48 37 26.53 27.6
Net Debt 1 52.75 - -53.66 -99.14 -112.5 -64.37 -161.6 -143.6
Reference price 2 6.300 4.460 4.075 5.720 6.960 7.700 7.700 7.700
Nbr of stocks (in thousands) 32,434 32,434 33,500 33,689 33,689 33,689 - -
Announcement Date 24/03/22 22/03/23 18/03/24 25/03/25 24/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.25x5.96x12.77x2% 178B
15.22x3.66x - 2.33% 165B
17.83x7.75x - 1.4% 111B
25.54x13.39x22.96x3.82% 84.06B
14.43x5.44x - 1.82% 53.03B
12.46x1.9x5.84x1.19% 49.61B
5.53x5.45x3.99x3.38% 37.87B
15.03x5.41x16.87x1.75% 35.03B
Average 15.91x 6.12x 12.49x 2.21% 89.17B
Weighted average by Cap. 17.57x 6.21x 13.61x 2.19%

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