Company Valuation: Maire S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,364 1,016 1,608 2,702 4,266 4,457 - -
Change - -25.5% 58.27% 68.05% 57.89% 4.48% - -
Enterprise Value (EV) 1 1,580 1,016 1,251 2,230 3,775 4,106 4,035 3,935
Change - -35.73% 23.15% 78.27% 69.26% 8.77% -1.72% -2.49%
P/E 16.4x 11.3x 12.9x 13.7x 16.4x 15x 13.1x 11.8x
PBR 2.77x - 3.06x 4.55x 5.97x 5.58x 4.87x 4.24x
PEG - 1.44x 0.3x 0.2x 0.5x 1x 0.9x 1x
Capitalization / Revenue 0.48x 0.29x 0.38x 0.46x 0.6x 0.58x 0.56x 0.53x
EV / Revenue 0.55x 0.29x 0.29x 0.38x 0.53x 0.54x 0.5x 0.46x
EV / EBITDA 9.1x 4.85x 4.56x 5.77x 7.55x 7.24x 6.41x 5.7x
EV / EBIT 12.2x 6.43x 5.78x 6.93x 8.76x 8.3x 7.28x 6.44x
EV / FCF 9.53x - 3.73x 9.13x 14.3x 17.6x 14.6x 11.6x
FCF Yield 10.5% - 26.8% 10.9% 6.97% 5.69% 6.83% 8.63%
Dividend per Share 2 0.1832 - 0.197 0.356 0.585 0.6274 0.7068 0.78
Rate of return 4.4% - 4.01% 4.31% 4.48% 4.59% 5.17% 5.71%
EPS 2 0.254 0.274 0.382 0.605 0.798 0.9126 1.039 1.159
Distribution rate 72.1% - 51.6% 58.8% 73.3% 68.8% 68% 67.3%
Net sales 1 2,865 3,464 4,260 5,900 7,097 7,621 8,030 8,478
EBITDA 1 173.7 209.3 274.4 386.4 500.1 567.1 629.8 689.9
EBIT 1 130 158 216.5 321.6 431 494.8 553.9 611.1
Net income 1 83.3 89.89 125.4 198.7 260.3 296.3 334.2 371.9
Net Debt 1 216.8 - -356.8 -471.7 -491.2 -351.2 -422 -522.3
Reference price 2 4.16 3.10 4.91 8.26 13.05 13.66 13.66 13.66
Nbr of stocks (in thousands) 327,780 327,465 327,431 327,090 326,883 326,278 - -
Announcement Date 2/25/22 A 3/1/23 A 3/5/24 A 3/3/25 A 3/4/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.76x0.13x2.4x3.04% 6.83B
12.5x0.6x6.14x1.84% 6.39B
18.95x2.07x10.24x1.89% 3.89B
14.8x0.62x6.69x2.62% 1.75B
13.98x0.17x5.93x1.8% 603M
3.77x - - 8.82% 212M
Average 11.79x 0.72x 6.28x 3.33% 3.28B
Weighted average by Cap. 11.94x 0.72x 5.69x 2.41%

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