Company Valuation: Alstom

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 7,942 9,542 5,430 9,406 11,209 7,633 - -
Change - 20.14% -43.09% 73.21% 19.17% -31.9% - -
Enterprise Value (EV) 1 10,027 11,677 8,424 9,928 12,467 8,836 8,678 8,297
Change - 16.45% -27.86% 17.85% 25.58% -29.12% -1.79% -4.39%
P/E -13.6x -71.7x -17.4x 65.7x 40.4x 14.1x 10.5x 8.8x
PBR 0.89x 1.05x 0.63x 0.9x - 0.67x 0.63x 0.6x
PEG - 0.9x -0x -0x 0.4x 0.1x 0.3x 0.5x
Capitalization / Revenue 0.51x 0.58x 0.31x 0.51x 0.58x 0.38x 0.36x 0.34x
EV / Revenue 0.65x 0.71x 0.48x 0.54x 0.65x 0.44x 0.41x 0.37x
EV / EBITDA 6.1x 6.72x 4.6x 4.84x 6.29x 5.06x 4.43x 3.84x
EV / EBIT 13.1x 13.7x 8.45x 8.43x 10.7x 6.6x 5.8x 5.1x
EV / FCF -10.1x 58.7x -14.9x 20.3x 38.5x 69.5x 35.9x 23.9x
FCF Yield -9.89% 1.7% -6.73% 4.94% 2.6% 1.44% 2.79% 4.19%
Dividend per Share 2 0.25 0.25 - - - 0.2257 0.3643 0.4945
Rate of return 1.18% 1% - - - 1.37% 2.21% 3%
EPS 2 -1.56 -0.35 -0.81 0.31 0.6 1.17 1.571 1.876
Distribution rate -16% -71.4% - - - 19.3% 23.2% 26.4%
Net sales 1 15,471 16,507 17,619 18,489 19,171 20,169 21,301 22,419
EBITDA 1 1,643 1,738 1,833 2,051 1,981 1,747 1,961 2,159
EBIT 1 767 852 997 1,177 1,168 1,339 1,497 1,626
Net income 1 -581 -132 -309 149 324 549.3 726.8 877.3
Net Debt 1 2,085 2,135 2,994 522 1,258 1,203 1,045 663.8
Reference price 2 21.27 25.08 14.13 20.38 24.26 16.50 16.50 16.50
Nbr of stocks (in thousands) 373,392 380,453 384,291 461,511 462,030 462,616 - -
Announcement Date 11/05/22 10/05/23 08/05/24 14/05/25 13/05/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.91x1.97x16.16x2.62% 65.64B
17.2x1.72x9.77x2.61% 42.81B
12.3x1.13x11.36x4.23% 40.38B
32.15x4.66x18.61x1.56% 31.54B
12.81x1.6x10x1.79% 21.7B
23.37x2.18x11.83x2.03% 19.54B
14.35x - - 0.68% 17.36B
33.52x1.09x19.33x1.09% 17.82B
25.1x2.78x14.97x2.39% 17.07B
Average 21.30x 2.14x 14.00x 2.11% 30.43B
Weighted average by Cap. 20.55x 2.10x 13.93x 2.39%

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