Company Valuation: Texaf S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 136.9 118.8 123.2 121 128.3 134.2
Change - -13.25% 3.7% -1.79% 6.06% 4.57%
Enterprise Value (EV) 1 132 115.6 129.7 131.9 144.8 154.6
Change - -12.37% 12.16% 1.68% 9.81% 6.73%
P/E 30x 22.8x 14.8x 10.4x 17.3x 14.9x
PBR 1.38x 1.16x 1.16x 1.08x 1.13x 1.16x
PEG - 1.9x 0.2x 0.3x -0.5x 0.7x
Capitalization / Revenue 6.26x 5.23x 4.49x 4.16x 4.06x 3.81x
EV / Revenue 6.03x 5.09x 4.73x 4.54x 4.58x 4.39x
EV / EBITDA 11.6x 9.97x 10.2x 9.26x 9.55x 8.58x
EV / EBIT 17.2x 14.4x 15.1x 13.1x 15.4x 13.2x
EV / FCF 18.2x 88x 11.8x 15.6x 10.2x -525x
FCF Yield 5.51% 1.14% 8.49% 6.4% 9.84% -0.19%
Dividend per Share 2 1.286 1.429 1.571 1.643 1.757 1.886
Rate of return 3.38% 4.41% 4.68% 4.98% 5.02% 5.15%
EPS 2 1.268 1.42 2.278 3.175 2.026 2.45
Distribution rate 101% 101% 69% 51.7% 86.7% 77%
Net sales 1 21.87 22.73 27.43 29.06 31.61 35.2
EBITDA 1 11.41 11.6 12.74 14.24 15.17 18.01
EBIT 1 7.663 8.005 8.571 10.03 9.413 11.72
Net income 1 4.57 5.206 8.352 11.64 7.428 8.989
Net Debt 1 -4.976 -3.157 6.503 10.88 16.48 20.37
Reference price 2 38.00 32.40 33.60 33.00 35.00 36.60
Nbr of stocks (in thousands) 3,604 3,667 3,667 3,667 3,667 3,667
Announcement Date 10/04/21 08/04/22 11/04/23 13/04/24 08/05/25 15/06/26
1EUR in Million2EUR
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 159M
65.42x - - - 70.89B
13.39x4.64x11.9x3.6% 42.4B
5.96x0.81x1.61x8.45% 31.04B
19.89x4.11x16.64x1.23% 30.62B
8.68x1.54x8.58x4.06% 28.91B
14.39x3.11x14.95x2.43% 26.38B
11.07x2.19x8.44x3.79% 22.25B
39.12x19.32x68.55x1.14% 19.93B
7.72x0.85x3.11x2.89% 19.74B
Average 20.63x 4.57x 16.72x 3.45% 29B
Weighted average by Cap. 26.73x 4.18x 15.01x 3.61%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Texaf S.A.

Historical PBR trend

Valuation ratios - PBR - Texaf S.A.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Texaf S.A.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Texaf S.A.

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