Company Valuation: Heidelberger Druckmaschinen AG

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 349.4 727.4 519.2 316.5 337.2 473.5 - -
Change - 108.19% -28.62% -39.04% 6.54% 40.43% - -
Enterprise Value (EV) 1 416.4 716.4 468.2 239.5 246.2 362.3 309 249.3
Change - 72.05% -34.64% -48.84% 2.8% 47.16% -14.72% -19.3%
P/E ratio -8.2x 21.7x 5.69x 8x 55.4x 11.7x 7.63x 5.98x
PBR 3.2x 3.01x 1.01x 0.6x 0.62x 0.79x 0.71x 0.65x
PEG - -0x 0x -0.1x -0.7x 0x 0.1x 0.2x
Capitalization / Revenue 0.18x 0.33x 0.21x 0.13x 0.15x 0.2x 0.2x 0.19x
EV / Revenue 0.22x 0.33x 0.19x 0.1x 0.11x 0.15x 0.13x 0.1x
EV / EBITDA 2.85x 4.48x 2.24x 1.39x 1.52x 2.1x 1.68x 1.24x
EV / EBIT 6.03x 8.87x 3.57x 2.63x 4.04x 3.77x 2.58x 1.84x
EV / FCF -10.5x -170x -10.4x 4.28x 4.83x 12.8x 7.92x 4.46x
FCF Yield -9.54% -0.59% -9.61% 23.4% 20.7% 7.84% 12.6% 22.4%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.14 0.11 0.3 0.13 0.02 0.1327 0.204 0.2603
Distribution rate - - - - - - - -
Net sales 1 1,913 2,183 2,435 2,395 2,280 2,339 2,393 2,464
EBITDA 1 146 160 209 172 162 172.9 184.5 201.5
EBIT 1 69 80.74 131 91 60.9 96.16 119.7 135.6
Net income 1 -42.89 33.06 91 39 5.4 42.9 64.43 81.27
Net Debt 1 67 -11 -51 -77 -91 -111.2 -164.6 -224.2
Reference price 2 1.148 2.390 1.706 1.040 1.108 1.556 1.556 1.556
Nbr of stocks (in thousands) 304,336 304,336 304,336 304,336 304,336 304,336 - -
Announcement Date 6/9/21 A 6/10/22 A 6/14/23 A 6/10/24 A 6/5/25 A - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.73x0.15x2.1x-.--% 558M
26.3x2.25x15.9x0.64% 21.38B
26.61x5.77x17.91x1.22% 15.44B
36.21x4.61x26.94x0.93% 12.94B
73.31x6.53x48.7x0.21% 9.46B
45.29x4.82x19.62x - 5.74B
13.11x1.07x7.56x5.39% 5.51B
12.11x0.58x5.37x2.52% 4.71B
8.81x1.44x5.95x4.04% 4.43B
35.15x2.19x18.55x0.97% 4.3B
Average 28.86x 2.94x 16.86x 1.77% 8.45B
Weighted average by Cap. 32.22x 3.68x 20.28x 1.4%

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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  4. Valuation Heidelberger Druckmaschinen AG