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 12,247 - -
Change - 58.12% 62.47% 6.16% 35.05% - -
Enterprise Value (EV) 1 3,325 5,197 8,310 8,769 11,812 11,654 11,392
Change - 56.29% 59.9% 5.53% 34.71% -1.34% -2.25%
P/E 6.8x 31.3x 40.4x 33.1x 37.6x 33.5x 30x
PBR - 2.26x 3.35x 3.32x 4.16x 3.86x 3.56x
PEG - -0.5x 1.6x 1.2x 2x 2.7x 2.6x
Capitalization / Revenue 1.23x 1.86x 2.64x 2.49x 3.11x 2.91x 2.75x
EV / Revenue 1.23x 1.84x 2.57x 2.4x 3x 2.77x 2.56x
EV / EBITDA 10.5x 16x 20.8x 19.4x 22.6x 20x 17.8x
EV / EBIT 5.93x 22.5x 28.4x 25.2x 28.1x 24.6x 21.6x
EV / FCF -104x 35.8x 44.7x 38.6x 45.2x 36x 28.9x
FCF Yield -0.96% 2.79% 2.24% 2.59% 2.21% 2.78% 3.46%
Dividend per Share 2 - - - 0.36 0.382 0.4139 0.4464
Rate of return - - - 1.06% 0.83% 0.9% 0.97%
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 45.91 45.91 45.91
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
40.2x7.24x30.1x0.53% 354B
33.96x3.08x18.28x1.47% 262B
36.74x4.94x22.45x0.88% 153B
17.21x1.68x11.82x2.73% 119B
22.34x1.88x15.38x1.71% 101B
18.19x1.9x13.53x1.85% 74.62B
24.37x1.8x12.8x2.05% 72.91B
28.77x3.17x13.94x1.49% 53.53B
Average 27.72x 3.21x 17.29x 1.59% 148.76B
Weighted average by Cap. 31.71x 4.17x 20.61x 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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  5. Valuation Leonardo DRS, Inc.