Company Valuation: Tubacex, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 185.1 241.6 422.7 395.8 409.6 401.2 - -
Change - 30.54% 74.99% -6.36% 3.48% -2.04% - -
Enterprise Value (EV) 1 521.3 528.7 703.4 650.8 754.4 700.9 658.8 619.7
Change - 1.42% 33.05% -7.48% 15.91% -7.09% -6% -5.93%
P/E ratio -5.78x 12.5x 12.1x 18.1x - 15.9x 10.5x 6.17x
PBR 0.94x 1.09x 1.76x 1.09x - 1.16x 1.08x -
PEG - -0x 0.1x -0.5x - - 0.2x 0.1x
Capitalization / Revenue 0.54x 0.34x 0.5x 0.52x 0.57x 0.5x 0.43x 0.37x
EV / Revenue 1.52x 0.74x 0.83x 0.85x 1.05x 0.87x 0.7x 0.57x
EV / EBITDA 38.9x 5.72x 5.62x 6.08x 7.13x 5.84x 4.38x 3.33x
EV / EBIT -16.8x 11.9x 8.71x 10.2x 12.9x 9.02x 6.65x 4.89x
EV / FCF -10.3x 8.75x 20.2x -6.29x - 14.6x 13.9x 7.8x
FCF Yield -9.72% 11.4% 4.94% -15.9% - 6.85% 7.21% 12.8%
Dividend per Share 2 - - - - - 0.07 0.1098 0.175
Rate of return - - - - - 2.14% 3.36% 5.35%
EPS 2 -0.26 0.16 0.29 0.18 - 0.2058 0.3104 0.53
Distribution rate - - - - - 34% 35.4% 33%
Net sales 1 341.9 714.7 852.4 767.5 719.3 802.9 942.6 1,081
EBITDA 1 13.41 92.35 125.2 107 105.8 120 150.4 186
EBIT 1 -31.12 44.45 80.74 63.52 58.3 77.73 99.01 126.8
Net income 1 -32.21 20.23 36.33 22.85 -31.28 26.08 45.32 67.5
Net Debt 1 336.2 287.1 280.7 255 344.8 299.7 257.6 218.5
Reference price 2 1.502 1.998 3.500 3.255 3.335 3.270 3.270 3.270
Nbr of stocks (in thousands) 123,202 120,906 120,777 121,607 122,815 122,706 - -
Announcement Date 24/02/22 24/02/23 29/02/24 27/02/25 26/02/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.89x0.87x5.84x2.14% 471M
13.3x0.81x6.44x1.02% 46.49B
15.16x1.28x8.05x1.2% 42.39B
21.78x1.46x9.84x1.77% 27.73B
14.13x1.44x9.17x1.1% 27.58B
43.08x7.06x26.3x0.19% 21.68B
-77.66x0.79x7.92x4% 19.71B
15.7x0.59x5.67x2.72% 18.72B
20.08x4.87x14.98x0.1% 9.11B
Average 9.05x 2.13x 10.47x 1.58% 23.77B
Weighted average by Cap. 10.02x 1.85x 10.00x 1.47%

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 Tubacex, S.A.