Company Valuation: VusionGroup

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,184 1,923 2,166 2,846 3,418 1,940 - -
Change - 62.32% 12.68% 31.37% 20.11% -43.24% - -
Enterprise Value (EV) 1 1,176 1,963 2,139 2,453 2,979 1,825 1,729 1,496
Change - 66.91% 8.97% 14.68% 21.45% -38.74% -5.25% -13.5%
P/E 418x 103x 30.4x -103x 25.5x 17.2x 11x 10.1x
PBR 6.5x 9.87x 7.73x 11.5x 7.62x 3.73x 2.79x 2.23x
PEG - 0x 0x 1x -0x -1.1x 0.2x 1.07x
Capitalization / Revenue 2.8x 3.1x 2.7x 2.98x 2.32x 1.12x 1.04x 1.06x
EV / Revenue 2.78x 3.16x 2.67x 2.57x 2.02x 1.06x 0.93x 0.82x
EV / EBITDA 36.4x 33.5x 20.9x 15.3x 10.7x 5.32x 4.51x 3.88x
EV / EBIT 121x 62.5x 38.8x 31x 18.2x 7.98x 6.68x 5.68x
EV / FCF 640x -63.4x 13.3x 6.35x 45.9x -9.26x 11.6x 7.04x
FCF Yield 0.16% -1.58% 7.52% 15.8% 2.18% -10.8% 8.6% 14.2%
Dividend per Share 2 - - 0.3 0.6 0.9 1.08 1.274 1.444
Rate of return - - 0.22% 0.34% 0.44% 0.93% 1.1% 1.25%
EPS 2 0.18 1.18 4.46 -1.73 8.02 6.752 10.48 11.47
Distribution rate - - 6.73% -34.7% 11.2% 16% 12.2% 12.6%
Net sales 1 422.9 620.9 802 954.7 1,472 1,727 1,857 1,828
EBITDA 1 32.3 58.6 102.3 160.5 277.4 343.1 383.8 385.1
EBIT 1 9.7 31.4 55.1 79.1 163.9 228.8 258.9 263.5
Net income 1 2 18.7 79.77 -28.9 84.2 113.2 178.5 197.8
Net Debt 1 -8.3 40.5 -27.2 -392.8 -438.9 -115 -210.9 -444.3
Reference price 2 75.20 122.00 135.80 177.70 204.20 115.80 115.80 115.80
Nbr of stocks (in thousands) 15,751 15,759 15,953 16,016 16,740 16,754 - -
Announcement Date 03/03/22 08/03/23 03/05/24 26/02/25 26/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.43x11.46x20.93x0.85% 118B
48.5x8.11x35.16x1.52% 54.35B
26.25x1.22x13.86x-.--% 39.9B
20.73x1.76x8.65x1.46% 34.67B
29.47x2.08x14.45x1.58% 29.55B
28.6x4.37x17.44x-.--% 27.74B
10.22x5.74x15.91x1.46% 25.61B
29.78x4.57x18.21x0.77% 17.43B
23.13x2.95x12.37x-.--% 16.21B
Average 27.68x 4.70x 17.44x 0.85% 40.42B
Weighted average by Cap. 30.40x 6.50x 19.45x 0.91%

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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