Company Valuation: ALTEN

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,375 3,966 4,648 2,751 2,527 2,354 - -
Change - -26.22% 17.2% -40.81% -8.16% -6.84% - -
Enterprise Value (EV) 1 5,155 3,786 4,607 2,742 2,359 1,981 1,818 1,617
Change - -26.56% 21.66% -40.48% -13.99% -16.01% -8.23% -11.07%
P/E 26.3x 8.84x 20x 14.9x 23.8x 10.8x 9.48x 9.01x
PBR 3.78x 2.17x 2.29x 1.24x 1.14x 1x 0.91x 0.84x
PEG - 0x -0.4x -0.7x -0.6x 0x 0.7x 1.73x
Capitalization / Revenue 1.84x 1.05x 1.14x 0.66x 0.62x 0.56x 0.53x 0.51x
EV / Revenue 1.76x 1x 1.13x 0.66x 0.58x 0.47x 0.41x 0.35x
EV / EBITDA 13.1x 8.04x 10.1x 6.12x 5.38x 4.2x 3.61x 3x
EV / EBIT 16.1x 9.71x 13.1x 7.7x 7.53x 5.2x 4.36x 3.58x
EV / FCF 32.6x 25.5x 31.4x 8.23x 9.83x 8.29x 7.7x 6.05x
FCF Yield 3.07% 3.93% 3.18% 12.2% 10.2% 12.1% 13% 16.5%
Dividend per Share 2 1 1.5 1.5 1.5 1.5 1.703 1.798 1.795
Rate of return 0.63% 1.28% 1.11% 1.9% 2.07% 2.51% 2.65% 2.65%
EPS 2 6.03 13.21 6.74 5.32 3.04 6.269 7.155 7.528
Distribution rate 16.6% 11.4% 22.3% 28.2% 49.3% 27.2% 25.1% 23.8%
Net sales 1 2,925 3,783 4,069 4,143 4,099 4,220 4,400 4,614
EBITDA 1 392.3 470.7 454.5 448.3 438 471.6 503.5 538
EBIT 1 319.9 389.9 350.5 356.3 313.3 381.1 416.8 451.5
Net income 1 207.8 457.6 233.2 186.4 106.9 236.4 247.8 257.1
Net Debt 1 -219.8 -179.7 -41.54 -8.97 -168.1 -372.8 -535.9 -737.2
Reference price 2 158.50 116.80 134.60 79.05 72.45 67.85 67.85 67.85
Nbr of stocks (in thousands) 33,913 33,956 34,533 34,801 34,874 34,690 - -
Announcement Date 2/22/22 A 2/24/23 A 2/22/24 A 2/20/25 A 2/24/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.34x3.8x13.26x2.85% 224B
-132.68x18.51x102.63x-.--% 119B
14.13x1.56x8.19x3.39% 116B
14.18x2.58x9.75x5.79% 82.73B
20.06x5.29x13.01x2.83% 59.94B
13.88x2.01x8.52x5.62% 44.76B
22.53x1.85x11.5x1.3% 44.62B
21.43x1.63x10.36x0.88% 41.68B
17.34x2.19x10.38x5.04% 35.55B
Average 1.58x 4.38x 20.84x 3.08% 85.44B
Weighted average by Cap. -4.47x 5.32x 25.29x 2.87%

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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