Company Valuation: Wavestone

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 920.8 886.8 1,378 1,192 1,127 848.3 - -
Change - -3.69% 55.4% -13.53% -5.42% -24.73% - -
Enterprise Value (EV) 1 860.5 859.7 1,359 1,166 1,006 705.4 636.5 555.1
Change - -0.09% 58.06% -14.18% -13.76% -29.85% -9.77% -12.78%
P/E 18x 17.7x 20.7x 15.7x 13.7x 10.9x 9.46x 8.98x
PBR 3.58x 2.96x 2.11x 1.88x 1.61x 1.11x 1x 0.91x
PEG - -11.28x 2.6x 1.1x 1.69x -2.26x 0.6x 1.66x
Capitalization / Revenue 1.96x 1.67x 1.97x 1.26x 1.18x 0.88x 0.84x 0.81x
EV / Revenue 1.83x 1.62x 1.94x 1.24x 1.05x 0.73x 0.63x 0.53x
EV / EBITDA 10.6x 10.4x 12.4x 8.97x 7.57x 5.59x 4.48x 3.73x
EV / EBIT 11.5x 11.2x 13.4x 9.79x 8.39x 6.2x 4.88x 4.09x
EV / FCF 15.4x 23x 17x 13.8x 7.77x 9.31x 7.32x 5.68x
FCF Yield 6.49% 4.36% 5.89% 7.24% 12.9% 10.7% 13.7% 17.6%
Dividend per Share 2 0.38 0.38 0.38 0.46 0.5 0.4803 0.5395 0.42
Rate of return 0.83% 0.85% 0.68% 0.95% 1.09% 1.39% 1.56% 1.22%
EPS 2 2.55 2.51 2.71 3.09 3.34 3.179 3.651 3.85
Distribution rate 14.9% 15.1% 14% 14.9% 15% 15.1% 14.8% 10.9%
Net sales 1 470.1 532.3 701.1 943.7 954.3 968.5 1,008 1,041
EBITDA 1 80.83 82.81 109.4 130 132.8 126.2 142.1 149
EBIT 1 74.8 77.04 101.3 119.1 119.9 113.8 130.4 135.6
Net income 1 51.03 50.07 58.2 75.56 81.99 77.85 90.23 95.14
Net Debt 1 -60.33 -27.12 -19.27 -25.59 -121.4 -142.9 -211.8 -293.2
Reference price 2 46.00 44.45 56.10 48.50 45.90 34.55 34.55 34.55
Nbr of stocks (in thousands) 20,017 19,951 24,564 24,570 24,554 24,554 - -
Announcement Date 31/05/22 31/05/23 03/06/24 02/06/25 03/06/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.89x0.73x5.59x1.39% 947M
25.79x4.14x14.42x2.62% 244B
21.93x4.63x11.36x0.76% 189B
17.63x2x10.31x2.68% 153B
-121.61x16.7x91.84x-.--% 108B
-484.24x34.35x141.12x-.--% 99.95B
16.32x2.94x11.35x4.93% 95.36B
23.17x6x14.73x2.43% 69.73B
15.55x2.26x9.62x4.96% 50.55B
20.45x1.56x9.85x0.9% 40.87B
Average -45.41x 7.53x 32.02x 2.07% 105.01B
Weighted average by Cap. -41.52x 7.90x 32.61x 2.02%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Wavestone

Historical PBR trend

Valuation ratios - PBR - Wavestone

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Wavestone

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Wavestone


Year-on-year evolution of the Yield

Valuation ratios - Yield - Wavestone