Company Valuation: Audax Renovables, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 554.8 330 571.3 698.5 621 490.4 - -
Change - -40.52% 73.13% 22.25% -11.1% -21.03% - -
Enterprise Value (EV) 1 963.3 649.3 805.8 970.9 932.1 790.8 786.5 782.9
Change - -32.6% 24.12% 20.48% -4% -15.16% -0.55% -0.45%
P/E 210x 75x 19.7x 11.6x 31.3x 11.1x 9.58x 8.62x
PBR 4.06x - 3.54x 3.34x 2.97x 2.11x 1.82x 1.55x
PEG - 1.1x 0x 0x -0.5x 0x 0.6x 0.8x
Capitalization / Revenue 0.33x 0.13x 0.25x 0.35x 0.33x 0.24x 0.24x 0.24x
EV / Revenue 0.57x 0.25x 0.35x 0.49x 0.49x 0.39x 0.38x 0.38x
EV / EBITDA 18.1x 12.6x 8.11x 8.41x 8.06x 6.91x 6.22x 5.76x
EV / EBIT 31.1x 20.1x 10.7x 10.4x 9.67x 8.6x 7.73x 7.17x
EV / FCF -8.51x 6.21x 7.37x 54.9x -77x 879x 68.4x 89x
FCF Yield -11.8% 16.1% 13.6% 1.82% -1.3% 0.11% 1.46% 1.12%
Dividend per Share 2 - - - 0.0333 0.0333 0.0311 0.0311 0.0311
Rate of return - - - 2.15% 2.42% 2.82% 2.82% 2.82%
EPS 2 0.006 0.01 0.066 0.134 0.044 0.099 0.1151 0.1279
Distribution rate - - - 24.8% 75.7% 31.4% 27% 24.3%
Net sales 1 1,685 2,626 2,293 1,988 1,884 2,010 2,059 2,065
EBITDA 1 53.09 51.66 99.31 115.4 115.6 114.5 126.5 136
EBIT 1 30.97 32.29 75.13 93.58 96.36 92 101.8 109.1
Net income 1 2.838 3.539 29.03 60.56 19.59 45.12 52.15 57.33
Net Debt 1 408.5 319.3 234.5 272.4 311.1 300.4 296.1 292.5
Reference price 2 1.260 0.750 1.300 1.550 1.378 1.102 1.102 1.102
Nbr of stocks (in thousands) 440,291 440,291 439,491 450,631 450,631 445,003 - -
Announcement Date 2/25/22 A 2/27/23 A 1/15/24 A 2/25/25 A 2/25/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.13x0.39x6.91x2.82% 552M
12.71x5.52x11.82x4.38% 74.55B
11.84x1.39x7.23x6.29% 61.66B
15.51x6.13x13.67x3.37% 51.04B
15.32x1.1x9.13x3.53% 49.35B
19.12x2.64x9.13x2.25% 46.72B
16.2x4.86x9.41x4.65% 36.21B
56.15x18.25x32.5x0.27% 33.37B
16.13x4.64x12.15x3.93% 33.84B
18.46x5.47x12.29x3.02% 27.58B
Average 19.26x 5.04x 12.42x 3.45% 41.49B
Weighted average by Cap. 18.41x 5.02x 12.25x 3.76%

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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