Stock ESAB ESAB CORPORATION
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Financials ESAB Corporation

Equities

ESAB

US29605J1060

Industrial Machinery & Equipment

Market Closed - Nyse
Other stock markets
 21:00:02 03/05/2024 BST 		5-day change 1st Jan Change
104.9 USD +1.39% Intraday chart for ESAB Corporation -2.71% +21.15%
05-01 ESAB Fiscal Q1 Core Adjusted Net Income, Net Sales Rise; 2024 Core Adjusted EPS Outlook Raised MT
05-01 Transcript : ESAB Corporation, Q1 2024 Earnings Call, May 01, 2024

Valuation

Fiscal Period: December 2022 2023 2024 2025 2026
Capitalization 1 2,819 5,221 6,341 - -
Enterprise Value (EV) 1 3,965 6,137 6,989 6,701 6,427
P/E ratio 12.7 x 25.8 x 23.1 x 20.1 x 18.9 x
Yield 0.32% 0.27% 0.24% 0.25% 0.3%
Capitalization / Revenue 1.14 x 1.99 x 2.35 x 2.24 x 2.15 x
EV / Revenue 1.6 x 2.34 x 2.59 x 2.36 x 2.18 x
EV / EBITDA 9.51 x 12.7 x 13.7 x 12.2 x 11 x
EV / FCF 22.8 x 21.7 x 21.3 x 19.8 x 18.5 x
FCF Yield 4.39% 4.6% 4.69% 5.05% 5.4%
Price to Book - 3.25 x - - -
Nbr of stocks (in thousands) 60,077 60,271 60,424 - -
Reference price 2 46.92 86.62 104.9 104.9 104.9
Announcement Date 07/03/23 29/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 2,428 2,471 2,621 2,697 2,835 2,951
EBITDA 1 - 416.8 482.7 509.5 549.6 582.5
EBIT 1 - 381.9 446.7 457.1 495.6 533
Operating Margin - 15.46% 17.04% 16.95% 17.48% 18.06%
Earnings before Tax (EBT) 1 - - 319.1 371.2 431.2 -
Net income 1 235.1 223.7 205.3 282.5 321.7 337
Net margin 9.68% 9.06% 7.83% 10.48% 11.35% 11.42%
EPS 2 - 3.690 3.360 4.545 5.222 5.560
Free Cash Flow 1 - 174.1 282.3 328 338.7 347.2
FCF margin - 7.05% 10.77% 12.16% 11.95% 11.77%
FCF Conversion (EBITDA) - 41.77% 58.49% 64.38% 61.64% 59.61%
FCF Conversion (Net income) - 77.82% 137.52% 116.1% 105.29% 103.03%
Dividend per Share 2 - 0.1500 0.2300 0.2482 0.2646 0.3100
Announcement Date 22/02/22 07/03/23 29/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 631.7 577 614.2 646.9 680.1 644.1 649.9 656.1 688.2 660.4 686.6 705.4 725.8
EBITDA 1 - 105 95.5 107 112.7 126.5 117.8 125.8 123.2 130.5 123.8 133.1 134.6 141.5
EBIT 1 - 96.1 87.2 98.3 104.1 117.5 108.8 116.4 114.4 118.2 111.4 120.2 119 129
Operating Margin - 15.21% 15.11% 16% 16.09% 17.28% 16.89% 17.91% 17.44% 17.18% 16.86% 17.51% 16.87% 17.77%
Earnings before Tax (EBT) 1 - 77.97 72.13 65.98 71.15 89.82 80.64 77.48 81.41 100.4 88.9 100.5 98.65 113
Net income 1 55.44 55.25 52.35 60.71 31.9 65.57 57.57 50.24 59.95 74.96 69.63 85.67 75.87 83.63
Net margin - 8.75% 9.07% 9.88% 4.93% 9.64% 8.94% 7.73% 9.14% 10.89% 10.54% 12.48% 10.76% 11.52%
EPS 2 0.9300 0.9100 0.8600 1.000 0.5200 1.070 0.9400 0.8300 0.9800 1.203 1.121 1.376 1.235 1.340
Dividend per Share 2 - - 0.0500 - 0.0500 0.0600 - 0.0600 - 0.0550 0.0550 0.0550 0.0500 0.0500
Announcement Date 10/05/22 09/08/22 03/11/22 07/03/23 02/05/23 01/08/23 01/11/23 29/02/24 01/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt 1 - 1,147 916 648 360 86
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - 2.751 x 1.898 x 1.271 x 0.6552 x 0.1476 x
Free Cash Flow 1 - 174 282 328 339 347
ROE (net income / shareholders' equity) - 11.7% 13.9% 16.5% 15.8% 13.5%
ROA (Net income/ Total Assets) - 6.2% 5.41% 7.41% 7.93% 7.2%
Assets 1 - 3,608 3,791 3,815 4,059 4,681
Book Value Per Share - - 26.70 - - -
Cash Flow per Share 2 - - 5.450 6.680 7.030 -
Capex 1 - 40.2 48.2 48.5 58.3 67.9
Capex / Sales - 1.63% 1.84% 1.8% 2.06% 2.3%
Announcement Date 22/02/22 07/03/23 29/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for ESAB Corporation

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
104.9 USD
Average target price
115.5 USD
Spread / Average Target
+10.06%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Welding & Soldering Equipment
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