Company Valuation: ATLS ENERPAR

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 1,722 2,445 1,168 1,696 - -
Change - 41.93% -52.23% 45.24% - -
Enterprise Value (EV) 1 1,685 2,884 1,706 2,546 2,746 3,036
Change - 71.13% -40.83% 49.23% 7.86% 10.55%
P/E 11.6x 40.3x -23x -14x -47.5x 44.2x
PBR - - - - - -
PEG - -0.6x 0x -0x 0.7x -0x
Capitalization / Revenue 2.81x 2.32x 1.07x 1.53x 1.31x 1.13x
EV / Revenue 2.74x 2.73x 1.56x 2.29x 2.13x 2.03x
EV / EBITDA 5.11x 9.98x 7.7x 15.2x 8.96x 6.84x
EV / EBIT 6.23x 25.4x -156x -33.2x 51.1x 20.7x
EV / FCF -25.4x -24.5x -55.2x -7.65x -18.4x 1,412x
FCF Yield -3.94% -4.08% -1.81% -13.1% -5.43% 0.07%
Dividend per Share 2 0.55 0.9 0.75 - - -
Rate of return 3.19% 4.06% 7.96% - - -
EPS 2 1.484 0.55 -0.41 -0.971 -0.2856 0.3068
Distribution rate 37.1% 164% -183% - - -
Net sales 1 614 1,056 1,095 1,111 1,291 1,495
EBITDA 1 329.7 288.9 221.7 167.8 306.6 444.2
EBIT 1 270.4 113.4 -10.91 -76.67 53.72 146.3
Net income 1 226.5 59.94 -50.3 -121 -30.65 40.67
Net Debt 1 -37.35 439 538.3 849.9 1,050 1,340
Reference price 2 17.22 22.18 9.42 13.57 13.57 13.57
Nbr of stocks (in thousands) 100,026 110,217 123,982 125,003 - -
Announcement Date 2/27/24 A 2/24/25 A 2/23/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.79x1.79x8.59x1.8% 57.68B
31.43x5.91x17.25x0.69% 35.28B
32.06x3.32x17.06x0.96% 32.81B
27.11x4.32x14.4x0.86% 31.66B
11.88x1.42x6.61x2.59% 30.32B
24.3x7.56x14.85x1.95% 28.04B
72.9x4.55x70.37x0.31% 22.53B
15.9x2.01x8.03x1.32% 21.56B
10.59x1.16x5.68x0.98% 14.85B
Average 26.77x 3.56x 18.09x 1.27% 30.52B
Weighted average by Cap. 25.68x 3.55x 16.67x 1.35%

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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