Company Valuation: Basler AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,583 881.6 357.7 188.1 470.4 705.9 - -
Change - -44.32% -59.43% -47.4% 150.04% 50.05% - -
Enterprise Value (EV) 1 1,577 921.1 409.2 238.9 490.8 721.9 693.4 666.9
Change - -41.6% -55.58% -41.61% 105.42% 47.09% -3.95% -3.82%
P/E 76.3x 41.6x -25.9x -13.6x 40.3x 23.4x 19.7x 17.9x
PBR 12.3x 6.23x 2.57x 1.51x 3.54x 4.36x 3.69x 3.18x
PEG - 17.3x 0x - -0x 0x 1.1x 1.7x
Capitalization / Revenue 7.37x 3.24x 1.76x 1.02x 2.1x 2.44x 2.22x 2.06x
EV / Revenue 7.35x 3.38x 2.01x 1.3x 2.19x 2.5x 2.18x 1.94x
EV / EBITDA 35.4x 20.1x 241x 23.9x 14.1x 12.3x 10.1x 9.02x
EV / EBIT 55.6x 31.9x -18.7x -24.4x 27.7x 16.8x 13.7x 12.1x
EV / FCF 164x -29x -44.5x 171x 24.7x 31.8x 18.4x 18.1x
FCF Yield 0.61% -3.45% -2.25% 0.59% 4.05% 3.14% 5.43% 5.51%
Dividend per Share 2 0.2067 0.14 - - 0.11 0.2567 0.2933 0.3267
Rate of return 0.39% 0.47% - - 0.72% 1.12% 1.28% 1.42%
EPS 2 0.6933 0.71 -0.45 -0.45 0.38 0.98 1.163 1.283
Distribution rate 29.8% 19.7% - - 28.9% 26.2% 25.2% 25.5%
Net sales 1 214.7 272.2 203.1 183.7 224.5 289 318 343.3
EBITDA 1 44.5 45.8 1.7 10 34.9 58.9 68.47 73.9
EBIT 1 28.36 28.9 -21.9 -9.784 17.69 42.9 50.47 55.23
Net income 1 20.76 21.4 -13.81 -13.77 11.63 30.17 35.93 39.27
Net Debt 1 -6.249 39.52 51.49 50.76 20.33 16 -12.5 -38.97
Reference price 2 52.93 29.55 11.64 6.12 15.30 22.95 22.95 22.95
Nbr of stocks (in thousands) 29,914 29,834 30,728 30,743 30,748 30,758 - -
Announcement Date 4/3/22 A 3/29/23 A 3/27/24 A 3/28/25 A 3/30/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.42x2.5x12.26x1.12% 819M
27.86x6.6x20.94x-.--% 25.92B
17.81x1.65x9.49x1.88% 7.04B
241.8x - - - 3.1B
42.68x2.69x16.43x1.51% 3.01B
16.01x1.84x9.77x1.9% 2.17B
37.47x8.82x34.75x1.19% 1.7B
38.43x6.93x28.11x0.23% 1.31B
304.5x - - - 804M
Average 83.33x 4.43x 18.82x 1.12% 5.1B
Weighted average by Cap. 46.61x 5.26x 18.73x 0.6%

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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