Company Valuation: Ernst Russ AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204.3 144.7 136.5 192.7 234.5 277.6 - -
Change - -29.21% -5.63% 41.16% 21.68% 18.39% - -
Enterprise Value (EV) 1 257.1 144.7 82.85 93.57 122 213.2 116 134
Change - -43.73% -42.72% 12.93% 30.38% 74.8% -45.6% 15.52%
P/E 12.9x 3.05x 2.45x 4.54x 3.19x 7.51x 10.4x 10x
PBR 2.83x - 0.8x 0.74x 0.94x 0.9x 0.86x 0.81x
PEG - 0x 0.2x -0.2x 0x -0.2x -0.4x 2.63x
Capitalization / Revenue 2.21x - 0.67x 1.12x 1.48x 1.8x 1.73x 1.7x
EV / Revenue 2.79x - 0.41x 0.54x 0.77x 1.38x 0.72x 0.82x
EV / EBITDA 6.51x - 0.71x 1.01x 0.97x 2.62x 1.74x 2.02x
EV / EBIT 8.35x - 0.96x 1.38x 1.27x 4.1x 3.25x 3.62x
EV / FCF 7.03x - - - 2.96x 4.87x 2.64x 3.62x
FCF Yield 14.2% - - - 33.8% 20.5% 37.8% 27.7%
Dividend per Share 2 - - 1 0.2 0.25 0.3167 0.3 0.34
Rate of return - - 24.5% 3.5% 3.59% 3.84% 3.64% 4.13%
EPS 2 0.49 1.46 1.66 1.26 2.18 1.097 0.79 0.82
Distribution rate - - 60.2% 15.9% 11.5% 28.9% 38% 41.5%
Net sales 1 92.28 - 202.7 172.7 158.1 154.1 160.2 163.3
EBITDA 1 39.49 - 116.6 93 126.2 81.33 66.73 66.2
EBIT 1 30.8 - 86.6 67.7 96.4 52.03 35.73 37.03
Net income 1 15.78 47.27 55.08 42.47 73.48 37 26.53 27.6
Net Debt 1 52.75 - -53.66 -99.14 -112.5 -64.37 -161.6 -143.6
Reference price 2 6.300 4.460 4.075 5.720 6.960 8.240 8.240 8.240
Nbr of stocks (in thousands) 32,434 32,434 33,500 33,689 33,689 33,689 - -
Announcement Date 24/03/22 22/03/23 18/03/24 25/03/25 24/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.43x5.72x12.64x2.16% 163B
15.43x3.54x - 2.36% 155B
16.44x7.28x - 1.54% 98.58B
24.73x12.08x17.37x4.19% 75.72B
13.96x5.22x - 2.06% 46.58B
11.02x1.58x4.94x1.42% 42.02B
15.33x5.23x16.35x1.89% 31.85B
4.19x4.27x4.26x4.22% 30.01B
Average 15.32x 5.62x 11.11x 2.48% 80.4B
Weighted average by Cap. 17.28x 5.78x 12.35x 2.38%

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

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