Company Valuation: Ernst Russ AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204.3 144.7 136.5 192.7 234.5 264.8 - -
Change - -29.21% -5.63% 41.16% 21.68% 12.93% - -
Enterprise Value (EV) 1 257.1 144.7 82.85 93.57 122 200.4 103.2 121.2
Change - -43.73% -42.72% 12.93% 30.38% 64.3% -48.51% 17.44%
P/E 12.9x 3.05x 2.45x 4.54x 3.19x 7.17x 9.95x 9.59x
PBR 2.83x - 0.8x 0.74x 0.94x 0.86x 0.82x 0.77x
PEG - 0x 0.2x -0.2x 0x -0.1x -0.4x 2.53x
Capitalization / Revenue 2.21x - 0.67x 1.12x 1.48x 1.72x 1.65x 1.62x
EV / Revenue 2.79x - 0.41x 0.54x 0.77x 1.3x 0.64x 0.74x
EV / EBITDA 6.51x - 0.71x 1.01x 0.97x 2.46x 1.55x 1.83x
EV / EBIT 8.35x - 0.96x 1.38x 1.27x 3.85x 2.89x 3.27x
EV / FCF 7.03x - - - 2.96x 4.58x 2.35x 3.27x
FCF Yield 14.2% - - - 33.8% 21.9% 42.5% 30.6%
Dividend per Share 2 - - 1 0.2 0.25 0.3167 0.3 0.34
Rate of return - - 24.5% 3.5% 3.59% 4.03% 3.82% 4.33%
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 7.860 7.860 7.860
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.($)
7.17x1.3x2.46x4.03% 307M
21.74x6.1x13.07x1.95% 182B
15.22x3.66x - 2.33% 164B
17.72x7.72x - 1.41% 111B
26.35x13.83x23.72x3.7% 86.73B
14.33x5.42x - 1.83% 52.67B
12.63x1.94x5.94x1.17% 50.31B
5.52x5.45x3.99x3.39% 37.81B
15.03x5.41x16.87x1.75% 35.02B
Average 15.08x 5.65x 11.01x 2.4% 79.96B
Weighted average by Cap. 17.82x 6.31x 13.97x 2.17%

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

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