Company Valuation: Forbo Holding AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,953 1,616 1,489 1,063 1,233 1,360 - -
Change - -45.29% -7.84% -28.64% 16.03% 10.34% - -
Enterprise Value (EV) 1 2,942 1,635 1,460 953.5 1,190 1,277 1,224 1,169
Change - -44.44% -10.68% -34.7% 24.85% 7.24% -4.11% -4.51%
P/E 20.4x 15.2x 14.5x 11.2x 17.9x 18.5x 14.3x 12.9x
PBR 5.52x 2.8x 2.68x 1.7x 1.91x 1.93x 1.78x 1.63x
PEG - -0.7x 13.17x -1.59x -0.6x 3.4x 0.5x 1.2x
Capitalization / Revenue 2.35x 1.25x 1.27x 0.95x 1.14x 1.24x 1.21x 1.17x
EV / Revenue 2.35x 1.26x 1.24x 0.85x 1.1x 1.16x 1.09x 1.01x
EV / EBITDA 12.5x 8.45x 8.12x 5.73x 8.7x 8.84x 7.53x 6.68x
EV / EBIT 16.4x 12.3x 11.2x 7.91x 13.6x 13.5x 11x 9.51x
EV / FCF 23x 32.4x 12.6x - 37.6x 17.9x 15.3x 13.9x
FCF Yield 4.35% 3.09% 7.94% - 2.66% 5.59% 6.52% 7.17%
Dividend per Share 2 25 23 25 25 25 25.23 26.47 28.14
Rate of return 1.34% 2.11% 2.37% 3.31% 2.86% 2.66% 2.79% 2.97%
EPS 2 91.62 71.76 72.55 67.45 48.75 51.41 66.33 73.47
Distribution rate 27.3% 32.1% 34.5% 37.1% 51.3% 49.1% 39.9% 38.3%
Net sales 1 1,254 1,293 1,175 1,122 1,085 1,097 1,125 1,158
EBITDA 1 235.6 193.4 179.9 166.3 136.8 144.4 162.5 175
EBIT 1 179 132.6 129.9 120.6 87.8 94.84 111.3 122.9
Net income 1 141.2 101.4 102.3 95.1 68.9 71.9 92.56 99.92
Net Debt 1 -10.9 18.9 -29 -109.1 -42.5 -83.73 -136.3 -191.4
Reference price 2 1,870.00 1,088.00 1,054.00 755.00 874.00 949.00 949.00 949.00
Nbr of stocks (in thousands) 1,579 1,485 1,413 1,407 1,411 1,433 - -
Announcement Date 03/03/22 02/03/23 05/03/24 03/03/25 03/03/26 - - -
1CHF in Million2CHF
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.46x1.16x8.84x2.66% 1.66B
23.06x1.96x14.19x0.64% 20.43B
14.62x - - 0.34% 2.04B
33.32x - - 12.36% 691M
Average 22.36x 1.56x 11.52x 4% 6.2B
Weighted average by Cap. 22.34x 1.90x 13.79x 1.07%

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

  1. Stock Market
  2. Stocks
  3. FORN Stock
  4. Valuation Forbo Holding AG
-40%: Exceptional extension
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