Company Valuation: Itron, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,102 2,288 3,435 4,896 4,166 4,248 - -
Change - -26.23% 50.12% 42.52% -14.92% 1.97% - -
Enterprise Value (EV) 1 3,390 2,539 3,588 5,087 3,934 4,854 4,574 4,058
Change - -25.1% 41.33% 41.78% -22.67% 23.39% -5.76% -11.28%
P/E -37.4x -230x 35.8x 21x 14.3x 18.1x 15.5x 13.4x
PBR 2.77x 1.96x 2.62x 3.54x 2.45x 2.4x 2.03x 1.73x
PEG - 2.6x -0x 0x 0.6x -1x 0.9x 0.9x
Capitalization / Revenue 1.57x 1.27x 1.58x 2.01x 1.76x 1.78x 1.67x 1.57x
EV / Revenue 1.71x 1.41x 1.65x 2.08x 1.66x 2.03x 1.8x 1.5x
EV / EBITDA 29.4x 26.7x 15.9x 15.7x 10.5x 12.3x 11x 8.35x
EV / EBIT -42.7x -341x 27.8x 19.3x 12.6x 15.4x 12.4x 9.47x
EV / FCF 28.2x 534x 36.6x 24.5x 10.3x 15.8x 15.1x 11.5x
FCF Yield 3.54% 0.19% 2.73% 4.08% 9.74% 6.33% 6.64% 8.73%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.83 -0.22 2.11 5.18 6.5 5.361 6.256 7.226
Distribution rate - - - - - - - -
Net sales 1 1,982 1,796 2,174 2,441 2,367 2,389 2,546 2,697
EBITDA 1 115.2 95.07 225.6 323.6 373.8 393.3 416 486.2
EBIT 1 -79.3 -7.439 128.9 264.1 313.1 316.1 368.4 428.4
Net income 1 -81.26 -9.732 96.92 239.1 301.1 239.4 281.3 326.3
Net Debt 1 287.6 250.5 152.8 191.2 -231.6 606.3 326.6 -189.5
Reference price 2 68.52 50.65 75.51 108.58 92.86 97.01 97.01 97.01
Nbr of stocks (in thousands) 45,272 45,178 45,493 45,090 44,859 43,787 - -
Announcement Date 2/28/22 A 2/27/23 A 2/26/24 A 2/25/25 A 2/17/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
33.37x11.82x21.6x0.83% 121B
44.42x7.41x32.22x1.66% 49.75B
26.61x1.24x14.04x-.--% 40.45B
22.07x1.86x9.02x1.39% 35.36B
29.3x2.07x14.38x1.6% 29.14B
29.22x4.45x17.75x-.--% 28.31B
10.72x6x16.63x1.39% 27.03B
31.38x4.81x19.22x0.73% 18.4B
24.5x3.11x13.01x-.--% 17.16B
Average 27.95x 4.75x 17.54x 0.84% 40.71B
Weighted average by Cap. 30.20x 6.56x 19.23x 0.9%

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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