Company Valuation: Armatura SA

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3.88 2.8 4.16 4.72 8.24 52
Change - -27.84% 48.57% 13.46% 74.58% 531.07%
Enterprise Value (EV) 1 29.04 3.331 -3.293 -1.922 1.766 45.7
Change - -88.53% -198.87% 41.65% 191.9% 2,487.82%
P/E -1.61x 0.17x -4.7x -9.32x 644x -63.7x
PBR -0.53x 0.31x 0.52x 0.63x 1.19x 7.75x
PEG - -0x 0x 0.2x -6x 0x
Capitalization / Revenue 0.76x 1.01x 1.99x 2.59x 4.77x 55.3x
EV / Revenue 5.72x 1.2x -1.57x -1.05x 1.02x 48.6x
EV / EBITDA -47.9x -3.22x -126x 2.18x -8.17x -51.1x
EV / EBIT -24.8x -2.31x 7.16x 2.08x -7.33x -49.9x
EV / FCF 33.4x -0.2x -0.39x -5.49x 20.1x -55.5x
FCF Yield 2.99% -512% -255% -18.2% 4.96% -1.8%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0604 0.4048 -0.0221 -0.0127 0.00032 -0.0204
Distribution rate - - - - - -
Net sales 1 5.076 2.768 2.095 1.822 1.728 0.9402
EBITDA 1 -0.6068 -1.033 0.0262 -0.8824 -0.2161 -0.8948
EBIT 1 -1.172 -1.44 -0.4598 -0.9225 -0.2408 -0.9165
Net income 1 -2.414 16.19 -0.8856 -0.5064 0.0128 -0.8167
Net Debt 1 25.16 0.5307 -7.453 -6.642 -6.474 -6.301
Reference price 2 0.0970 0.0700 0.1040 0.1180 0.2060 1.3000
Nbr of stocks (in thousands) 40,000 40,000 40,000 40,000 40,000 40,000
Announcement Date 29/04/21 01/03/22 28/04/23 29/04/24 28/04/25 23/04/26
1RON in Million2RON
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 2.61M
56.93x13.71x40.74x1.38% 22.3B
34.02x4.01x21.05x1.05% 22.28B
28.62x4.03x18.02x0.67% 11.55B
18.86x3.91x14.17x3.1% 5.23B
36.83x3.19x15.66x0.62% 2.57B
13.93x - - 2.8% 1.2B
38.2x - - 0.41% 976M
16.54x2.62x9.49x1.82% 954M
Average 30.49x 5.24x 19.85x 1.48% 7.45B
Weighted average by Cap. 39.08x 7.28x 26.34x 1.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Armatura SA