Company Valuation: AS Ekspress Grupp

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 23.67 47.24 45.52 38.87 27.98 38.08
Change - 99.54% -3.63% -14.62% -28.01% 36.06%
Enterprise Value (EV) 1 39.61 58.5 63.42 55.38 47.55 51.16
Change - 47.69% 8.41% -12.67% -14.14% 7.59%
P/E 9.94x 22.3x 11.6x 11.9x 8.55x 36.9x
PBR 0.44x 0.88x 0.82x 0.69x 0.48x 0.66x
PEG - -1.8x 0.1x -0.7x -3.97x -0.5x
Capitalization / Revenue 0.37x 0.88x 0.71x 0.53x 0.37x 0.47x
EV / Revenue 0.63x 1.09x 0.99x 0.76x 0.62x 0.64x
EV / EBITDA 7.53x 9.26x 10.3x 7.67x 6.69x 7.86x
EV / EBIT 13.5x 13.2x 13.1x 9.41x 9.72x 13x
EV / FCF 7.72x 6.66x 35.3x 8.32x 8.45x 6.52x
FCF Yield 12.9% 15% 2.84% 12% 11.8% 15.3%
Dividend per Share 2 - 0.08 0.05 0.06 0.06 -
Rate of return - 5.13% 3.33% 4.65% 6.64% -
EPS 2 0.08 0.0701 0.1294 0.1081 0.1058 0.0333
Distribution rate - 114% 38.6% 55.5% 56.7% -
Net sales 1 63.24 53.52 64.14 73.09 76.17 80.23
EBITDA 1 5.261 6.316 6.179 7.223 7.113 6.508
EBIT 1 2.925 4.447 4.826 5.886 4.89 3.948
Net income 1 2.51 2.243 4.048 3.349 3.252 1.031
Net Debt 1 15.93 11.26 17.89 16.51 19.57 13.09
Reference price 2 0.795 1.560 1.500 1.290 0.904 1.230
Nbr of stocks (in thousands) 29,779 30,283 30,350 30,132 30,956 30,956
Announcement Date 4/1/21 A 3/1/22 A 4/3/23 A 4/1/24 A 4/25/25 A 4/1/26 A
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 48.71M
20.86x2.39x10.29x2.02% 10.6B
-23.1x7.63x19.73x1.03% 5.19B
66.28x1.4x17.82x0.81% 3.4B
14x - - 5.41% 3.47B
10.37x0.6x4.82x3.32% 3.26B
10.69x0.23x1.64x7.07% 2.6B
13.39x1.91x6.98x - 2.54B
24.25x1.7x6.28x3.44% 1.75B
Average 17.09x 2.27x 9.65x 3.3% 3.65B
Weighted average by Cap. 15.64x 2.73x 10.93x 2.76%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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