Company Valuation: Comelf S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 39.33 40.46 37.09 164.1 101.1 93.05
Change - 2.86% -8.33% 342.42% -38.36% -8%
Enterprise Value (EV) 1 62.08 67.95 63.97 193.8 114.8 119
Change - 9.46% -5.85% 202.87% -40.73% 3.64%
P/E 14.6x 9.47x 9.17x 17.6x 11.3x 19.7x
PBR 0.54x 0.54x 0.47x 2.01x 1.25x 1.22x
PEG - 0.2x -1.74x 0x -3.12x -0.4x
Capitalization / Revenue 0.34x 0.29x 0.22x 0.9x 0.61x 0.58x
EV / Revenue 0.54x 0.49x 0.38x 1.06x 0.69x 0.74x
EV / EBITDA 8.28x 6.36x 5.23x 10x 6.1x 8.55x
EV / EBIT -1,423x 21.5x 14x 16.6x 10.9x 18.7x
EV / FCF 7.34x -49x 6.9x 27.4x 3.56x 49.1x
FCF Yield 13.6% -2.04% 14.5% 3.66% 28.1% 2.04%
Dividend per Share 2 0.0667 0.0667 0.1843 0.415 0.249 -
Rate of return 3.81% 3.71% 11.2% 5.68% 5.53% -
EPS 2 0.12 0.19 0.18 0.415 0.4 0.21
Distribution rate 55.6% 35.1% 102% 100% 62.3% -
Net sales 1 114.8 139.2 169.9 182.6 166.3 161
EBITDA 1 7.498 10.69 12.22 19.29 18.81 13.93
EBIT 1 -0.0436 3.161 4.572 11.69 10.58 6.361
Net income 1 2.703 4.286 4.142 9.328 8.99 4.788
Net Debt 1 22.74 27.49 26.89 29.67 13.69 25.96
Reference price 2 1.750 1.800 1.650 7.300 4.500 4.140
Nbr of stocks (in thousands) 22,476 22,476 22,476 22,476 22,476 22,476
Announcement Date 4/16/21 A 4/28/22 A 4/12/23 A 4/19/24 A 3/28/25 A 3/30/26 A
1RON in Million2RON
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 21.3M
30.76x5.22x23.15x0.75% 378B
17.42x1.43x9.47x2.91% 26.91B
12.63x1.07x8.31x2.85% 14.52B
11.91x1.39x10.22x6.07% 8.26B
10.3x0.82x7.86x1.88% 4.92B
10.37x0.54x4.41x3.15% 4.47B
10.62x0.48x5.21x3.36% 2.46B
Average 14.86x 1.56x 9.80x 3% 54.95B
Weighted average by Cap. 28.44x 4.66x 21.12x 1.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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