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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 2.75M
40.63x4.83x25.28x0.88% 26.25B
67.52x16.05x48.11x1.16% 25.86B
34.29x4.38x19.92x0.49% 12.08B
28.4x3.94x17.7x0.68% 11.23B
22.49x4.68x16.92x2.57% 6.42B
40x3.45x16.93x0.57% 2.8B
15.61x - - 2.41% 1.39B
20.59x3.21x11.65x1.46% 1.19B
48.58x - - 0.32% 1.24B
Average 35.35x 5.79x 22.36x 1.17% 8.85B
Weighted average by Cap. 44.19x 7.95x 29.33x 1.02%

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
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