Company Valuation: Federated Hermes, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 2,762 3,491 3,080 2,767 3,204 4,098 4,098 -
Change - 26.41% -11.77% -10.16% 15.78% 27.9% 0% -
Enterprise Value (EV) 1 2,762 3,491 3,080 2,767 3,180 3,824 3,789 3,849
Change - 26.41% -11.77% -10.16% 14.92% 20.25% -0.92% 1.58%
P/E ratio 8.94x 13.7x 13.7x 9.96x 12.7x 10.2x 10.7x 9.72x
PBR 2.52x 3.15x - 2.55x 3.41x 3.41x 3.35x 3.26x
PEG - -0.9x -3.77x 0.4x -2.54x 0.2x 2.71x 0.9x
Capitalization / Revenue 1.91x 2.68x 2.13x 1.72x 1.96x 2.14x 2.1x 2.01x
EV / Revenue 1.91x 2.68x 2.13x 1.72x 1.95x 2.14x 1.94x 1.89x
EV / EBITDA 6.16x 8.81x 8.44x 6.68x 8.28x 7.02x 6.78x 6.5x
EV / EBIT 6.6x 9.53x 9.14x 7.14x 8.8x 7.51x 6.95x 6.59x
EV / FCF 7.68x - - 9.1x 9.28x 9.56x 11.3x 9.69x
FCF Yield 13% - - 11% 10.8% 10.5% 8.88% 10.3%
Dividend per Share 2 2.08 1.08 1.08 1.11 2.21 1.33 1.388 1.368
Rate of return 7.2% 2.87% 2.97% 3.28% 5.38% 2.55% 2.5% 2.47%
EPS 2 3.23 2.75 2.65 3.4 3.23 5.13 5.164 5.702
Distribution rate 64.4% 39.3% 40.8% 32.6% 68.4% 25.9% 26.9% 24%
Net sales 1 1,448 1,300 1,446 1,610 1,632 1,801 1,955 2,038
EBITDA 1 448.1 396.3 364.9 414.4 383.9 544.6 558.6 592
EBIT 1 418.2 366.3 336.8 387.5 361.5 513.9 545.1 583.8
Net income 1 326.4 270.3 239.5 299 268.3 403.3 396.4 412.7
Net Debt 1 - - - - -23.86 -274 -309 -249
Reference price 2 28.89 37.58 36.31 33.86 41.11 55.44 55.44 55.44
Nbr of stocks (in thousands) 95,587 92,891 84,822 81,718 77,927 73,910 73,910 -
Announcement Date 28/01/21 27/01/22 26/01/23 25/01/24 30/01/25 29/01/26 - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.93x2.09x6.87x2.46% 4.01B
24.26x8.64x15.91x3.57% 102B
40.08x12.04x16.17x0.73% 90.14B
26.71x7.33x16.49x3.36% 29.51B
15.22x5.05x11.57x2.58% 19.46B
10.36x4.34x8.78x5.65% 18.56B
16.55x1.53x5.75x4.87% 14.11B
10.05x9.67x - 9.86% 13.98B
41.18x - - 1.89% 13.41B
5.49x - - - 8.62B
Average 20.08x 6.34x 11.65x 3.89% 31.34B
Weighted average by Cap. 26.71x 8.66x 14.63x 3.04%

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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  4. Valuation Federated Hermes, Inc.