Company Valuation: Risma

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2023 2024 2025 2026 2027 2028
Market Cap 1 1,572 2,966 3,210 5,301 5,029 - -
Change - - 8.24% 65.14% -5.12% - -
Enterprise Value (EV) 1 3,363 2,966 4,296 7,269 6,432 6,469 5,029
Change - - 44.85% 69.23% -11.51% 0.58% -22.26%
P/E -9.15x 12.2x - 19.5x 23.8x - -
PBR - - - - - - -
PEG - - - - -0.8x - -
Capitalization / Revenue 3x - 2.54x 3.76x 3.12x 3x 2.87x
EV / Revenue 6.41x - 3.4x 5.15x 4x 3.85x 2.87x
EV / EBITDA 58.4x - 9.31x 11.5x 10.6x 10.2x 7.6x
EV / EBIT -40.3x - 14.7x 17.1x 15.3x 14.2x 10.3x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 - - 7 9 8 8 8
Rate of return - - 3.12% 2.43% 2.55% 2.55% 2.55%
EPS 2 -12 17 - 19 13.2 - -
Distribution rate - - - 47.4% 60.6% - -
Net sales 1 524.9 - 1,264 1,411 1,610 1,679 1,751
EBITDA 1 57.59 - 461.2 631.3 606 633 662
EBIT 1 -83.52 - 292.8 424.6 420 455 490
Net income 1 -171.8 244.1 - 280.5 226 256 -
Net Debt 1 1,790 - 1,086 1,968 1,403 1,440 -
Reference price 2 109.75 207.00 224.05 370.00 314.10 314.10 314.10
Nbr of stocks (in thousands) 14,327 14,327 14,327 14,327 16,012 - -
Announcement Date 29/04/22 30/04/24 28/04/25 06/05/26 - - -
1MAD in Million2MAD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.2x4.05x10.76x2.5% 548M
16.11x2.89x8.26x4.91% 12.57B
17.27x5.57x11.23x2.22% 5.78B
12.84x3.1x8.67x4.05% 5.14B
18.39x4.19x10.66x1.07% 4.9B
14.53x2.02x8.39x3.39% 4.32B
15.92x1.55x7.38x3.48% 2.54B
16.58x1.22x7.48x2.13% 2.23B
Average 16.98x 3.07x 9.10x 2.97% 4.75B
Weighted average by Cap. 16.09x 3.22x 9.02x 3.42%

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