Company Valuation: Solvay SA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,543 9,790 2,912 3,251 2,837 2,630 - -
Change - -7.14% -70.26% 11.65% -12.73% -7.3% - -
Enterprise Value (EV) 1 12,692 11,581 4,401 4,751 4,434 4,360 4,384 4,364
Change - -8.75% -62% 7.96% -6.67% -1.68% 0.56% -0.46%
P/E 11.2x 5.16x 1.4x 14.8x 97x 11.9x 12.5x 12.2x
PBR 1.2x 0.92x 2.31x 2.47x 2.65x 2.52x 2.66x 2.74x
PEG - 0x 0.17x -0.2x -1.1x 0x -2.55x 5.48x
Capitalization / Revenue 1.04x 0.73x 0.6x 0.69x 0.67x 0.64x 0.63x 0.61x
EV / Revenue 1.26x 0.86x 0.9x 1.01x 1.04x 1.06x 1.04x 1.02x
EV / EBITDA 5.39x 3.59x 3.53x 4.52x 5.03x 5.6x 5.34x 5.05x
EV / EBIT 7.93x 4.77x 4.75x 6.49x 7.9x 9.26x 8.7x 7.72x
EV / FCF 14.7x 10.6x 7.84x 13.2x 12.7x 21.6x 17.4x 16.7x
FCF Yield 6.79% 9.47% 12.7% 7.6% 7.89% 4.63% 5.75% 5.98%
Dividend per Share 2 3.85 4.05 2.43 2.43 2.43 2.43 2.435 2.439
Rate of return 3.77% 4.29% 8.76% 7.8% 8.95% 9.67% 9.69% 9.7%
EPS 2 9.13 18.3 19.85 2.1 0.28 2.115 2.011 2.056
Distribution rate 42.2% 22.1% 12.2% 116% 868% 115% 121% 119%
Net sales 1 10,105 13,426 4,880 4,686 4,262 4,102 4,201 4,296
EBITDA 1 2,356 3,229 1,246 1,052 881 778.3 820.3 864.4
EBIT 1 1,600 2,426 926 732 561 470.7 504.1 565.4
Net income 1 948 1,905 2,093 223 30 187.2 246 267.5
Net Debt 1 2,149 1,791 1,489 1,500 1,597 1,730 1,754 1,734
Reference price 2 102.20 94.46 27.73 31.16 27.16 25.14 25.14 25.14
Nbr of stocks (in thousands) 103,158 103,640 105,008 104,332 104,465 104,623 - -
Announcement Date 23/02/22 23/02/23 13/03/24 05/03/25 24/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.89x1.06x5.6x9.67% 3.02B
19.33x3.42x9.7x2.05% 69.24B
12.19x0.93x7.73x4.42% 50.96B
56.02x8.98x38.24x0.97% 16.68B
12.9x0.86x6.01x2.82% 13.72B
11.88x0.74x4.79x2.83% 10.29B
15.62x0.71x7.68x3.16% 9.92B
36.11x1.65x8.74x2.1% 9.04B
4.53x0.65x2.7x4.85% 8.68B
31.82x4.35x18.63x0.36% 7.91B
Average 21.23x 2.34x 10.98x 3.32% 19.95B
Weighted average by Cap. 20.06x 2.60x 10.92x 2.89%

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

-40%: Exceptional extension
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