Company Valuation: Ernst Russ AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204.3 144.7 136.5 192.7 234.5 253.3 - -
Change - -29.21% -5.63% 41.16% 21.68% 8.05% - -
Enterprise Value (EV) 1 257.1 144.7 82.85 93.57 122 189 91.74 109.7
Change - -43.73% -42.72% 12.93% 30.38% 54.91% -51.45% 19.62%
P/E 12.9x 3.05x 2.45x 4.54x 3.19x 6.86x 9.52x 9.17x
PBR 2.83x - 0.8x 0.74x 0.94x 0.82x 0.78x 0.74x
PEG - 0x 0.2x -0.2x 0x -0.1x -0.3x 2.41x
Capitalization / Revenue 2.21x - 0.67x 1.12x 1.48x 1.64x 1.58x 1.55x
EV / Revenue 2.79x - 0.41x 0.54x 0.77x 1.23x 0.57x 0.67x
EV / EBITDA 6.51x - 0.71x 1.01x 0.97x 2.32x 1.37x 1.66x
EV / EBIT 8.35x - 0.96x 1.38x 1.27x 3.63x 2.57x 2.96x
EV / FCF 7.03x - - - 2.96x 4.31x 2.09x 2.96x
FCF Yield 14.2% - - - 33.8% 23.2% 47.8% 33.8%
Dividend per Share 2 - - 1 0.2 0.25 0.3167 0.3 0.34
Rate of return - - 24.5% 3.5% 3.59% 4.21% 3.99% 4.52%
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 7.520 7.520 7.520
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.2x5.66x12.14x2.1% 169B
15.14x3.64x - 2.37% 161B
16.99x7.52x - 1.48% 106B
26.19x12.24x21.03x4.12% 77.18B
13.81x5.29x - 1.9% 50.59B
12.11x1.83x5.63x1.22% 48.25B
5.64x5.55x4.84x3.3% 38.63B
14.33x5.31x16.55x1.84% 33.33B
Average 15.55x 5.88x 12.04x 2.29% 85.51B
Weighted average by Cap. 17.04x 5.90x 12.79x 2.27%

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