Company Valuation: Voestalpine

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,824 5,538 4,458 3,858 6,484 7,640 - -
Change - 14.82% -19.51% -13.46% 68.09% 17.82% - -
Enterprise Value (EV) 1 7,115 7,199 6,109 5,508 7,748 8,870 8,604 8,400
Change - 1.19% -15.15% -9.84% 40.68% 14.48% -3% -2.37%
P/E 3.71x 5.2x 44.1x 25x 15.5x 12x 8.96x 8.28x
PBR 0.7x 0.72x 0.6x 0.53x 0.86x 0.94x 0.87x 0.81x
PEG - -0.3x -0.5x 0.5x 0x 0.2x 0.3x 1.01x
Capitalization / Revenue 0.32x 0.3x 0.27x 0.25x 0.43x 0.49x 0.47x 0.46x
EV / Revenue 0.48x 0.4x 0.37x 0.35x 0.51x 0.56x 0.52x 0.5x
EV / EBITDA 3.11x 2.83x 3.67x 4.09x 5.22x 5.02x 4.12x 3.96x
EV / EBIT 4.89x 4.43x 10.7x 12.1x 10.7x 8.79x 6.57x 6.27x
EV / FCF 12.1x 6.51x 16.7x 17.7x 13.9x 40.2x 15.8x 13.2x
FCF Yield 8.28% 15.4% 5.99% 5.66% 7.19% 2.49% 6.33% 7.56%
Dividend per Share 2 1.2 1.5 0.7 0.6 0.75 1.182 1.471 1.419
Rate of return 4.44% 4.8% 2.69% 2.67% 1.98% 2.65% 3.3% 3.18%
EPS 2 7.28 6.01 0.59 0.9 2.44 3.71 4.975 5.384
Distribution rate 16.5% 25% 119% 66.7% 30.7% 31.9% 29.6% 26.4%
Net sales 1 14,923 18,225 16,684 15,744 15,063 15,751 16,403 16,722
EBITDA 1 2,291 2,545 1,666 1,346 1,486 1,768 2,089 2,121
EBIT 1 1,454 1,624 569.3 455.1 723.5 1,009 1,309 1,339
Net income 1 1,300 1,066 100.8 153.5 424.7 639.1 856.5 927.4
Net Debt 1 2,291 1,661 1,651 1,650 1,264 1,230 963.9 760.3
Reference price 2 27.02 31.28 26.00 22.50 37.82 44.56 44.56 44.56
Nbr of stocks (in thousands) 178,521 177,057 171,451 171,451 171,451 171,451 - -
Announcement Date 08/06/22 07/06/23 04/06/24 04/06/25 03/06/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.88x1.54x7.99x0.86% 58.86B
16.91x0.95x7.72x0.84% 56.33B
13.98x1.54x8.9x0.88% 34.37B
13.09x1.16x7.04x2.29% 23.89B
12.17x0.78x6.93x3.51% 23.36B
33.05x6.33x21.53x0.18% 21.96B
12.09x0.56x5.37x2.98% 18.84B
-21.39x0.16x3.54x0.97% 11.13B
13.94x0.93x6.99x2.75% 10.65B
Average 11.97x 1.55x 8.45x 1.7% 28.82B
Weighted average by Cap. 14.31x 1.56x 8.59x 1.41%

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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