Company Valuation: Tessenderlo Group nv

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,439 1,438 1,787 1,156 1,552 1,168 - -
Change - -0.07% 24.22% -35.31% 34.28% -24.73% - -
Enterprise Value (EV) 1 1,514 1,498 1,787 1,231 1,511 1,069 1,035 1,023
Change - -1.08% 19.29% -31.11% 22.74% -29.22% -3.17% -1.18%
P/E 7.65x 6.34x 16.2x 27x -19.6x 15.6x 14x 12.9x
PBR 1.27x 1.03x - 0.61x 0.94x 0.65x 0.63x 0.66x
PEG - 0.3x -0.2x -0.5x 0x -0x 1.2x 1.49x
Capitalization / Revenue 0.69x 0.56x 0.61x 0.44x 0.56x 0.41x 0.39x 0.39x
EV / Revenue 0.73x 0.58x 0.61x 0.46x 0.55x 0.38x 0.35x 0.34x
EV / EBITDA 4.27x 3.44x 5.61x 4.63x 5.24x 3.56x 3.13x 2.81x
EV / EBIT 6.77x 4.99x 14.9x 19.3x 19.4x 11.5x 8.28x 7.07x
EV / FCF - - 20.6x 8.06x 16.8x 11.3x 9.77x 8.58x
FCF Yield - - 4.85% 12.4% 5.96% 8.86% 10.2% 11.7%
Dividend per Share 2 - 0.75 - 0.75 0.75 0.765 0.79 0.85
Rate of return - 2.25% - 3.97% 2.86% 3.86% 3.99% 4.29%
EPS 2 4.36 5.26 1.74 0.7 -1.34 1.27 1.412 1.534
Distribution rate - 14.3% - 107% -56% 60.2% 55.9% 55.4%
Net sales 1 2,082 2,588 2,928 2,648 2,763 2,849 2,973 3,027
EBITDA 1 354.2 434.8 318.7 265.6 288.1 300.6 331 363.8
EBIT 1 223.8 300.1 120.1 63.8 77.9 92.73 125 144.6
Net income 1 - - 109.5 42.8 -81.1 55.25 62.85 90.54
Net Debt 1 74.8 59.5 - 75 -41.3 -98.9 -132.8 -145
Reference price 2 33.35 33.35 28.25 18.90 26.20 19.80 19.80 19.80
Nbr of stocks (in thousands) 43,155 43,123 63,241 61,147 59,230 58,993 - -
Announcement Date 24/03/22 23/03/23 27/03/24 26/03/25 26/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.59x0.38x3.56x3.86% 1.33B
22.3x4.07x11.22x1.74% 79.11B
16.58x0.9x7.66x4.8% 46.75B
66.18x10.84x45.59x0.85% 16.69B
15.42x0.98x7.22x2.41% 15.45B
13.95x0.76x5.3x2.72% 9.82B
16.15x0.69x7.89x3.3% 9.23B
36.04x4.71x20.74x0.36% 8.38B
27.96x1.46x7.8x2.49% 7.53B
45.76x - - 0.66% 7.16B
Average 27.59x 2.75x 13.00x 2.32% 20.15B
Weighted average by Cap. 24.96x 3.21x 12.77x 2.49%

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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