Company Valuation: Alstom SA

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 7,942 9,542 5,430 9,406 11,209 7,446 - -
Change - 20.14% -43.09% 73.21% 19.17% -33.57% - -
Enterprise Value (EV) 1 10,027 11,677 8,424 9,928 12,467 8,644 8,527 8,155
Change - 16.45% -27.86% 17.85% 25.58% -30.67% -1.35% -4.36%
P/E -13.6x -71.7x -17.4x 65.7x 40.4x 14.6x 11x 8.9x
PBR 0.89x 1.05x 0.63x 0.9x 1.06x 0.66x 0.63x 0.59x
PEG - 0.9x -0x -0x 0.4x 0.2x 0.3x 0.4x
Capitalization / Revenue 0.51x 0.58x 0.31x 0.51x 0.58x 0.37x 0.35x 0.33x
EV / Revenue 0.65x 0.71x 0.48x 0.54x 0.65x 0.43x 0.4x 0.36x
EV / EBITDA 6.1x 6.72x 4.6x 4.84x 6.29x 4.94x 4.38x 3.75x
EV / EBIT 13.1x 13.7x 8.45x 8.43x 10.7x 6.62x 5.8x 4.97x
EV / FCF -10.1x 58.7x -14.9x 20.3x 38.5x 81.2x 24.1x 17.8x
FCF Yield -9.89% 1.7% -6.73% 4.94% 2.6% 1.23% 4.15% 5.6%
Dividend per Share 2 0.25 0.25 - - - 0.2234 0.3623 0.477
Rate of return 1.18% 1% - - - 1.39% 2.25% 2.96%
EPS 2 -1.56 -0.35 -0.81 0.31 0.6 1.102 1.469 1.808
Distribution rate -16% -71.4% - - - 20.3% 24.7% 26.4%
Net sales 1 15,471 16,507 17,619 18,489 19,171 20,278 21,430 22,379
EBITDA 1 1,643 1,738 1,833 2,051 1,981 1,748 1,947 2,172
EBIT 1 767 852 997 1,177 1,168 1,306 1,470 1,641
Net income 1 -581 -132 -309 149 324 521.9 700.9 863.7
Net Debt 1 2,085 2,135 2,994 522 1,258 1,198 1,081 708.8
Reference price 2 21.27 25.08 14.13 20.38 24.26 16.10 16.10 16.10
Nbr of stocks (in thousands) 373,392 380,453 384,291 461,511 462,030 462,616 - -
Announcement Date 5/11/22 A 5/10/23 A 5/8/24 A 5/14/25 A 5/13/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.67x4.41x19.7x0.9% 316B
35.67x5.54x30.16x1.02% 174B
14.94x1.12x7.27x5.14% 63.04B
17.97x1.66x13.47x3.03% 56.3B
29.17x4.12x17.18x0.46% 45.7B
15.01x1.54x8.78x2.89% 38.14B
10.94x1.04x10.37x4.78% 34.08B
30.42x4.43x17.67x1.64% 29.07B
12.36x0.4x4.17x3.98% 26.08B
Average 21.35x 2.69x 14.31x 2.65% 86.94B
Weighted average by Cap. 25.26x 3.76x 18.90x 1.79%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Alstom SA

Historical PBR trend

Valuation ratios - PBR - Alstom SA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Alstom SA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Alstom SA


Year-on-year evolution of the Yield

Valuation ratios - Yield - Alstom SA