Company Valuation: Exponent, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,083 5,018 4,602 4,463 3,500 3,132 - -
Change - -17.51% -8.28% -3.02% -21.59% -10.49% - -
Enterprise Value (EV) 1 5,800 5,018 4,415 4,204 3,278 3,009 2,928 2,827
Change - -13.49% -12.01% -4.77% -22.04% -8.19% -2.7% -3.45%
P/E 61.4x 50.6x 46.9x 41.7x 33.9x 29x 25.6x 23.7x
PBR 14.9x - 12.9x 10.8x 9.21x 9.22x 7.24x 6.27x
PEG - 16.02x -45.96x 4.76x -17.88x 2.5x 1.9x 3.09x
Capitalization / Revenue 14x 10.8x 9.26x 8.61x 6.52x 5.17x 4.78x 4.62x
EV / Revenue 13.3x 10.8x 8.88x 8.11x 6.11x 4.96x 4.47x 4.17x
EV / EBITDA 43.9x 36.6x 32.1x 28.6x 22.1x 17.5x 15.4x 14.5x
EV / EBIT 53.2x 35.6x 39.7x 35.2x 27.4x 20.6x 17.1x 15.5x
EV / FCF 49.1x - - - 26.8x 16.7x 14.2x -
FCF Yield 2.04% - - - 3.73% 5.98% 7.04% -
Dividend per Share 2 0.8 - 1.04 1.12 1.2 1.24 1.3 1.24
Rate of return 0.69% - 1.14% 1.27% 1.71% 1.85% 1.94% 1.85%
EPS 2 1.9 1.96 1.94 2.11 2.07 2.307 2.615 2.816
Distribution rate 42.1% - 53.6% 53.1% 58% 53.7% 49.7% 44%
Net sales 1 434.8 463.8 497.2 518.5 536.8 606.3 655 678.5
EBITDA 1 132.3 137.2 137.7 147.1 148.1 172.1 190.5 195.2
EBIT 1 108.9 140.8 111.3 119.6 119.8 145.7 171.4 182.5
Net income 1 101.2 102.3 100.3 109 106 109.8 127.6 135.8
Net Debt 1 -282.7 - -187.2 -258.9 -221.9 -123.3 -204.7 -305.6
Reference price 2 116.73 99.09 90.91 87.92 70.15 66.85 66.85 66.85
Nbr of stocks (in thousands) 52,112 50,638 50,622 50,764 49,887 48,512 - -
Announcement Date 2/3/22 A 2/2/23 A 2/1/24 A 2/6/25 A 2/5/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
28.51x4.9x17.18x1.92% 3.13B
42.3x7.56x27.3x0.85% 82.75B
39.18x4.55x14.83x1.16% 20.49B
30.53x1.27x12.73x1.06% 15.68B
19.79x2.11x10.4x3.57% 14.27B
25.21x2.84x12.17x2.97% 12.04B
24.12x3.38x13x2.4% 7.62B
15.35x0.67x9.56x1.37% 7.08B
9.96x1.13x6.01x2.12% 5.99B
19.08x0.41x9.41x3.91% 5.43B
Average 25.40x 2.88x 13.26x 2.13% 17.45B
Weighted average by Cap. 33.89x 4.92x 19.29x 1.52%

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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