Company Valuation: Alstom SA

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 6,974 - -
Change - 20.14% -43.09% 73.21% 19.17% -37.78% - -
Enterprise Value (EV) 1 10,027 11,677 8,424 9,928 12,467 8,177 8,019 7,638
Change - 16.45% -27.86% 17.85% 25.58% -34.41% -1.93% -4.76%
P/E -13.6x -71.7x -17.4x 65.7x 40.4x 13x 9.86x 8.23x
PBR 0.89x 1.05x 0.63x 0.9x - 0.61x 0.58x 0.55x
PEG - 0.9x -0x -0x 0.4x 0.1x 0.3x 0.4x
Capitalization / Revenue 0.51x 0.58x 0.31x 0.51x 0.58x 0.34x 0.33x 0.31x
EV / Revenue 0.65x 0.71x 0.48x 0.54x 0.65x 0.4x 0.38x 0.34x
EV / EBITDA 6.1x 6.72x 4.6x 4.84x 6.29x 4.76x 4.16x 3.54x
EV / EBIT 13.1x 13.7x 8.45x 8.43x 10.7x 6.13x 5.37x 4.69x
EV / FCF -10.1x 58.7x -14.9x 20.3x 38.5x 76.9x 22.7x 16.7x
FCF Yield -9.89% 1.7% -6.73% 4.94% 2.6% 1.3% 4.41% 5.98%
Dividend per Share 2 0.25 0.25 - - - 0.2257 0.362 0.4883
Rate of return 1.18% 1% - - - 1.5% 2.4% 3.24%
EPS 2 -1.56 -0.35 -0.81 0.31 0.6 1.16 1.529 1.831
Distribution rate -16% -71.4% - - - 19.5% 23.7% 26.7%
Net sales 1 15,471 16,507 17,619 18,489 19,171 20,214 21,377 22,423
EBITDA 1 1,643 1,738 1,833 2,051 1,981 1,719 1,926 2,159
EBIT 1 767 852 997 1,177 1,168 1,335 1,494 1,630
Net income 1 -581 -132 -309 149 324 553.9 723.1 886
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 15.08 15.08 15.08
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.61x5.36x23.74x0.73% 389B
37.9x5.83x31.79x0.96% 185B
15.17x1.16x7.5x4.92% 63.8B
18.33x1.7x13.88x2.97% 57.73B
31.25x4.32x18.2x0.42% 48.57B
16.92x1.71x9.72x2.57% 42.39B
10.91x1.05x10.4x4.74% 34.79B
32.14x4.67x18.61x1.56% 30.17B
12.05x0.39x4.03x4.08% 25.38B
Average 22.92x 2.91x 15.32x 2.55% 97.41B
Weighted average by Cap. 28.77x 4.34x 21.35x 1.59%

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