Valuation A2A Liquidnet

Stocks

End-of-day quote Liquidnet			5-day change	1st Jan Change
- ^EUR	-.--%		-.--%	-

09-18	Europe slips, Stellantis ends at the bottom of the MIB	AN
09-18	MIB slips; Hera and Saipem lead declines	AN

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	5,240	3,900	5,824	6,720	7,227	7,255	-	-
Change	-	-25.57%	49.32%	15.38%	7.54%	0.38%	-	-
Enterprise Value (EV) ¹	9,353	8,158	10,507	12,555	12,701	13,169	13,545	13,895
Change	-	-12.78%	28.79%	19.49%	1.16%	3.68%	2.86%	2.58%
P/E	10.4x	9.72x	8.85x	7.77x	9.65x	11.2x	11x	10.4x
PBR	1.43x	1x	1.37x	1.23x	1.22x	1.21x	1.16x	1.06x
PEG	-	-0.4x	0.1x	0.2x	-0.7x	-0.8x	7.24x	1.91x
Capitalization / Revenue	0.45x	0.17x	0.39x	0.52x	0.51x	0.51x	0.52x	0.51x
EV / Revenue	0.81x	0.35x	0.71x	0.98x	0.9x	0.93x	0.97x	0.98x
EV / EBITDA	6.55x	5.42x	5.33x	5.39x	5.54x	5.88x	5.88x	5.76x
EV / EBIT	14.2x	11.9x	10.3x	9.53x	10.3x	11.5x	11.6x	11.4x
EV / FCF	26.3x	20.2x	-31.3x	-33.7x	134x	-43.5x	-127x	-339x
FCF Yield	3.8%	4.95%	-3.2%	-2.97%	0.75%	-2.3%	-0.79%	-0.3%
Dividend per Share ²	0.0824	0.0849	0.0958	0.1	0.104	0.1085	0.1114	0.1182
Rate of return	4.79%	6.82%	5.15%	4.66%	4.5%	4.68%	4.81%	5.1%
EPS ²	0.1651	0.1281	0.2101	0.2759	0.2395	0.2074	0.2105	0.222
Distribution rate	49.9%	66.3%	45.6%	36.2%	43.4%	52.3%	52.9%	53.2%
Net sales ¹	11,549	23,166	14,758	12,857	14,063	14,157	14,015	14,167
EBITDA ¹	1,428	1,505	1,971	2,328	2,292	2,239	2,305	2,412
EBIT ¹	660	687	1,017	1,317	1,235	1,141	1,172	1,224
Net income ¹	504	401	659	864	750	643.1	655	685.2
Net Debt ¹	4,113	4,258	4,683	5,835	5,474	5,914	6,290	6,640
Reference price ²	1.720	1.245	1.859	2.145	2.310	2.319	2.319	2.319
Nbr of stocks (in thousands)	3,046,750	3,132,905	3,132,905	3,132,905	3,128,587	3,128,427	-	-
Announcement Date	17/03/22	16/03/23	27/03/24	20/03/25	17/03/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
GE VERNOVA INC.	30.53x	5.15x	37.45x	0.21%	250B
NEXTERA ENERGY	19.99x	8.85x	15.18x	3.08%	168B
IBERDROLA, S.A.	19.99x	4.13x	11.34x	3.57%	151B
ENEL S.P.A.	12.19x	1.82x	6.43x	5.82%	101B
SOUTHERN COMPANY	19.13x	5.7x	12.5x	3.55%	98.38B
DUKE ENERGY CORPORATION	17.42x	5.48x	11x	3.71%	91.64B
CONSTELLATION ENERGY CORPORATION	20.05x	3.14x	12.75x	0.67%	90.25B
AMERICAN ELECTRIC POWER COMPANY, INC.	18.65x	5.03x	12.17x	3.21%	65.33B
DOMINION ENERGY, INC.	17.74x	6.1x	12.84x	4.2%	55.92B
Average	19.52x	5.04x	14.63x	3.11%	119.08B
Weighted average by Cap.	21.23x	5.22x	17.91x	2.7%