Company Valuation: Federated Hermes, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,491 3,080 2,767 3,204 3,848 4,294 - -
Change - -11.77% -10.16% 15.78% 20.13% 11.59% - -
Enterprise Value (EV) 1 3,491 3,080 2,767 3,180 3,745 3,945 3,990 3,864
Change - -11.77% -10.16% 14.92% 17.76% 5.36% 1.14% -3.16%
P/E 13.7x 13.7x 9.96x 12.7x 10.2x 11.7x 10.6x 9.85x
PBR 3.15x - 2.55x 3.41x 3.32x 3.55x 3.45x -
PEG - -3.77x 0.4x -2.54x 0.2x -7.43x 0.9x 1.38x
Capitalization / Revenue 2.68x 2.13x 1.72x 1.96x 2.14x 2.19x 2.1x 2.15x
EV / Revenue 2.68x 2.13x 1.72x 1.95x 2.08x 2.01x 1.95x 1.93x
EV / EBITDA 8.81x 8.44x 6.68x 8.28x 6.98x 7.12x 6.69x 6.26x
EV / EBIT 9.53x 9.14x 7.14x 8.8x 7.29x 7.32x 6.82x 6.44x
EV / FCF - - 9.1x 9.28x 12.7x 12x 10.4x 11.7x
FCF Yield - - 11% 10.8% 7.87% 8.33% 9.61% 8.57%
Dividend per Share 2 1.08 1.08 1.11 2.21 1.33 1.507 1.47 1.6
Rate of return 2.87% 2.97% 3.28% 5.38% 2.55% 2.54% 2.48% 2.7%
EPS 2 2.75 2.65 3.4 3.23 5.13 5.049 5.615 6.017
Distribution rate 39.3% 40.8% 32.6% 68.4% 25.9% 29.8% 26.2% 26.6%
Net sales 1 1,300 1,446 1,610 1,632 1,801 1,959 2,046 2,002
EBITDA 1 396.3 364.9 414.4 383.9 536.1 554.1 596.4 617
EBIT 1 366.3 336.8 387.5 361.5 513.9 539.1 585.3 600
Net income 1 270.3 239.5 299 268.3 403.3 396.2 412.7 431
Net Debt 1 - - - -23.86 -103.9 -349 -304 -430
Reference price 2 37.58 36.31 33.86 41.11 52.07 59.29 59.29 59.29
Nbr of stocks (in thousands) 92,891 84,822 81,718 77,927 73,910 72,431 - -
Announcement Date 27/01/22 26/01/23 25/01/24 30/01/25 29/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.74x2.01x7.12x2.54% 4.29B
20.92x7.21x13.83x4.14% 98.19B
26.91x8.61x13.39x0.81% 87.25B
21.44x6.19x14.33x4.22% 28.95B
11.69x4.56x9.03x5.51% 19.95B
19.36x1.9x7.2x3.95% 17.3B
12.84x4.26x12.05x3.06% 16.45B
11.61x9.07x - 10.61% 13B
36.51x20.44x29.51x2.18% 12.31B
Average 19.23x 7.14x 13.31x 4.11% 33.08B
Weighted average by Cap. 21.68x 7.42x 13.48x 3.37%

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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