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 2,057 - -
Change - 62.32% 12.68% 31.37% 20.11% -39.81% - -
Enterprise Value (EV) 1 1,176 1,963 2,139 2,453 2,979 1,942 1,847 1,613
Change - 66.91% 8.97% 14.68% 21.45% -34.81% -4.94% -12.64%
P/E 418x 103x 30.4x -103x 25.5x 18.2x 11.7x 10.7x
PBR 6.5x 9.87x 7.73x 11.5x 7.62x 3.95x 2.96x 2.36x
PEG - 0x 0x 1x -0x -1.2x 0.2x 1.13x
Capitalization / Revenue 2.8x 3.1x 2.7x 2.98x 2.32x 1.19x 1.11x 1.13x
EV / Revenue 2.78x 3.16x 2.67x 2.57x 2.02x 1.12x 0.99x 0.88x
EV / EBITDA 36.4x 33.5x 20.9x 15.3x 10.7x 5.66x 4.81x 4.19x
EV / EBIT 121x 62.5x 38.8x 31x 18.2x 8.49x 7.13x 6.12x
EV / FCF 640x -63.4x 13.3x 6.35x 45.9x -9.85x 12.4x 7.59x
FCF Yield 0.16% -1.58% 7.52% 15.8% 2.18% -10.1% 8.05% 13.2%
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% 0.88% 1.04% 1.18%
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 75.20 122.00 135.80 177.70 204.20 122.80 122.80 122.80
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.($)
33.5x11.87x21.69x0.82% 119B
46.83x7.79x33.95x1.71% 52.4B
25.75x1.2x13.72x-.--% 39.14B
21.89x1.84x8.95x1.4% 34.5B
29.45x2.08x14.46x1.59% 28.81B
29.01x4.42x17.63x-.--% 28.11B
10.78x6.03x16.72x1.38% 27.1B
31.08x4.77x19.04x0.74% 18.2B
23.58x3.02x12.64x-.--% 16.61B
Average 27.99x 4.78x 17.64x 0.85% 40.46B
Weighted average by Cap. 30.55x 6.64x 19.59x 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