Company Valuation: Leonardo DRS, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,325 5,258 8,543 9,069 11,834 - -
Change - 58.12% 62.47% 6.16% 30.49% - -
Enterprise Value (EV) 1 3,325 5,197 8,310 8,769 11,399 11,240 10,978
Change - 56.29% 59.9% 5.53% 29.99% -1.39% -2.33%
P/E 6.8x 31.3x 40.4x 33.1x 36.4x 32.3x 29x
PBR - 2.26x 3.35x 3.32x 4.02x 3.73x 3.44x
PEG - -0.5x 1.6x 1.2x 2x 2.6x 2.5x
Capitalization / Revenue 1.23x 1.86x 2.64x 2.49x 3.01x 2.82x 2.66x
EV / Revenue 1.23x 1.84x 2.57x 2.4x 2.89x 2.67x 2.47x
EV / EBITDA 10.5x 16x 20.8x 19.4x 21.8x 19.3x 17.1x
EV / EBIT 5.93x 22.5x 28.4x 25.2x 27.1x 23.7x 20.8x
EV / FCF -104x 35.8x 44.7x 38.6x 43.6x 33.3x 27.9x
FCF Yield -0.96% 2.79% 2.24% 2.59% 2.29% 3% 3.59%
Dividend per Share 2 - - - 0.36 0.382 0.4139 0.4464
Rate of return - - - 1.06% 0.86% 0.93% 1.01%
EPS 2 1.88 0.64 0.8 1.03 1.22 1.372 1.532
Distribution rate - - - 35% 31.3% 30.2% 29.1%
Net sales 1 2,693 2,826 3,234 3,648 3,938 4,202 4,446
EBITDA 1 318 324 400 453 523.2 581.5 641.7
EBIT 1 561 231 293 348 419.9 473.5 527.2
Net income 1 405 168 213 278 329.8 371.8 425
Net Debt 1 - -61 -233 -300 -434.9 -593.4 -855.1
Reference price 2 12.78 20.04 32.31 34.09 44.36 44.36 44.36
Nbr of stocks (in thousands) 260,187 262,370 264,397 266,027 266,762 - -
Announcement Date 28/03/23 27/02/24 20/02/25 24/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
45.62x8.16x33.79x0.48% 387B
32.56x2.96x17.59x1.54% 251B
38.02x5.11x23.32x0.86% 156B
16.9x1.65x11.63x2.75% 116B
20.68x1.74x14.29x1.85% 93.08B
17.86x1.81x12.81x1.95% 70.92B
22.95x1.69x12x2.21% 67.19B
24.81x2.64x14.65x1.72% 53.75B
Average 27.43x 3.22x 17.51x 1.67% 149.54B
Weighted average by Cap. 33.30x 4.55x 22.02x 1.32%

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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