Company Valuation: Tessenderlo Group nv

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,439 1,438 1,787 1,156 1,552 1,277 - -
Change - -0.07% 24.22% -35.31% 34.28% -17.7% - -
Enterprise Value (EV) 1 1,514 1,498 1,787 1,231 1,511 1,178 1,144 1,132
Change - -1.08% 19.29% -31.11% 22.74% -21.99% -2.87% -1.07%
P/E 7.65x 6.34x 16.2x 27x -19.6x 18.3x 14.3x 13.2x
PBR 1.27x 1.03x - 0.61x 0.94x 0.71x 0.69x 0.72x
PEG - 0.3x -0.2x -0.5x 0x -0x 0.5x 1.52x
Capitalization / Revenue 0.69x 0.56x 0.61x 0.44x 0.56x 0.45x 0.43x 0.42x
EV / Revenue 0.73x 0.58x 0.61x 0.46x 0.55x 0.41x 0.38x 0.37x
EV / EBITDA 4.27x 3.44x 5.61x 4.63x 5.24x 3.92x 3.46x 3.11x
EV / EBIT 6.77x 4.99x 14.9x 19.3x 19.4x 12.7x 9.15x 7.83x
EV / FCF - - 20.6x 8.06x 16.8x 12.4x 10.8x 9.5x
FCF Yield - - 4.85% 12.4% 5.96% 8.04% 9.26% 10.5%
Dividend per Share 2 - 0.75 - 0.75 0.75 0.765 0.79 0.85
Rate of return - 2.25% - 3.97% 2.86% 3.53% 3.65% 3.93%
EPS 2 4.36 5.26 1.74 0.7 -1.34 1.181 1.512 1.643
Distribution rate - 14.3% - 107% -56% 64.8% 52.2% 51.7%
Net sales 1 2,082 2,588 2,928 2,648 2,763 2,849 2,973 3,027
EBITDA 1 354.2 434.8 318.7 265.6 288.1 300.6 331 363.8
EBIT 1 223.8 300.1 120.1 63.8 77.9 92.73 125 144.6
Net income 1 - - 109.5 42.8 -81.1 54.82 70.7 96.98
Net Debt 1 74.8 59.5 - 75 -41.3 -98.9 -132.8 -145
Reference price 2 33.35 33.35 28.25 18.90 26.20 21.65 21.65 21.65
Nbr of stocks (in thousands) 43,155 43,123 63,241 61,147 59,230 58,993 - -
Announcement Date 24/03/22 23/03/23 27/03/24 26/03/25 26/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.38x0.4x3.75x3.68% 1.43B
19.76x3.53x9.97x2.01% 70.11B
13.1x0.93x7.75x4.41% 51.92B
58.84x9.45x40.23x0.93% 17.63B
13.24x0.87x6.17x2.76% 13.81B
15.72x0.72x7.77x3.12% 10.23B
13.1x0.73x4.99x2.82% 9.69B
37.25x1.7x8.98x2.06% 9.45B
31.96x4.36x18.68x0.36% 7.98B
5.27x0.68x3.2x-.--% 7.34B
Average 22.46x 2.34x 11.15x 2.21% 19.96B
Weighted average by Cap. 21.26x 2.73x 11.45x 2.56%

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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