Company Valuation: Elis

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,409 3,179 4,418 4,469 5,643 4,810 - -
Change - -6.74% 39% 1.15% 26.26% -14.76% - -
Enterprise Value (EV) 1 7,007 6,842 7,444 7,507 8,663 8,036 7,865 7,686
Change - -2.36% 8.8% 0.85% 15.4% -7.24% -2.13% -2.27%
P/E 29.8x 16.1x 17.8x 14x 16.6x 14.2x 12.8x 11.7x
PBR 1.13x 0.99x 1.27x 1.23x 1.49x 1.34x 1.24x 1.15x
PEG - 0.2x 0.8x 0.5x 2.04x 1.67x 1.2x 1.3x
Capitalization / Revenue 1.12x 0.83x 1.03x 0.98x 1.18x 0.95x 0.91x 0.88x
EV / Revenue 2.3x 1.79x 1.73x 1.64x 1.81x 1.59x 1.5x 1.41x
EV / EBITDA 6.66x 5.43x 5.05x 4.66x 5.1x 4.5x 4.21x 3.94x
EV / EBIT 18x 12.6x 10.9x 10.2x 11.3x 10x 9.43x 8.79x
EV / FCF 17.1x 16.4x 24.5x 21.7x 24.2x 20.6x 19.1x 18.1x
FCF Yield 5.83% 6.11% 4.08% 4.61% 4.14% 4.86% 5.24% 5.54%
Dividend per Share 2 0.37 0.41 0.43 0.45 0.48 0.5254 0.5679 0.608
Rate of return 2.43% 2.97% 2.28% 2.38% 1.98% 2.34% 2.53% 2.71%
EPS 2 0.51 0.86 1.06 1.35 1.46 1.584 1.753 1.911
Distribution rate 72.5% 47.7% 40.6% 33.3% 32.9% 33.2% 32.4% 31.8%
Net sales 1 3,048 3,821 4,309 4,574 4,797 5,047 5,260 5,467
EBITDA 1 1,052 1,260 1,475 1,610 1,700 1,784 1,868 1,951
EBIT 1 388.3 543.7 683.1 733 766.6 801.8 834.4 874.2
Net income 1 114.5 204.6 262.5 337.8 366.6 374.1 409.2 441.1
Net Debt 1 3,599 3,663 3,026 3,038 3,020 3,226 3,055 2,876
Reference price 2 15.22 13.82 18.89 18.90 24.26 22.42 22.42 22.42
Nbr of stocks (in thousands) 223,957 230,009 233,899 236,468 232,609 214,549 - -
Announcement Date 3/9/22 A 3/8/23 A 3/7/24 A 3/6/25 A 3/11/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.15x1.59x4.5x2.34% 5.52B
18.18x0.71x10.53x-.--% 1.47B
9.14x0.55x4.07x4.44% 464M
17.41x0.84x8.32x5.54% 55.54M
Average 14.72x 0.92x 6.85x 3.08% 1.88B
Weighted average by Cap. 14.66x 1.35x 5.69x 2.04%

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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