Company Valuation: MLP SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 936.8 561.7 605.7 670 753.7 1,081 - -
Change - -40.04% 7.83% 10.61% 12.49% 43.45% - -
Enterprise Value (EV) 1 -441 -399.5 -448.2 -480.3 674.8 3,128 3,064 2,973
Change - 9.41% -12.2% -7.17% 240.49% 363.56% -2.05% -2.97%
P/E 15x 10.9x 12.6x 9.73x 13.6x 14.4x 12.5x 10.9x
PBR 1.89x 1.07x 1.14x 1.17x 1.29x 1.74x 1.63x 1.53x
PEG - -0.6x -1.97x 0.2x -0.7x 0.4x 0.8x 0.7x
Capitalization / Revenue 1x 0.59x 0.62x 0.63x 0.7x 0.95x 0.89x 0.83x
EV / Revenue -0.47x -0.42x -0.46x -0.45x 0.63x 2.75x 2.53x 2.29x
EV / EBITDA -3.47x -3.61x -4.21x -3.84x 4.91x 21.6x 18.8x 16.4x
EV / EBIT -4.56x -5.28x -6.34x -5.06x 6.95x 28x 24.1x 20.7x
EV / FCF -0.82x 1.27x -4.48x -3.49x -40.6x 43.7x 36.6x 33x
FCF Yield -122% 78.8% -22.3% -28.7% -2.47% 2.29% 2.73% 3.03%
Dividend per Share 2 0.3 0.3 0.3 0.36 0.36 0.394 0.438 0.525
Rate of return 3.5% 5.84% 5.42% 5.87% 5.2% 3.98% 4.42% 5.3%
EPS 2 0.57 0.47 0.44 0.63 0.51 0.688 0.79 0.91
Distribution rate 52.6% 63.8% 68.2% 57.1% 70.6% 57.3% 55.4% 57.7%
Net sales 1 934.5 949.1 973.5 1,067 1,080 1,138 1,212 1,297
EBITDA 1 127.2 110.6 106.5 125 137.3 144.7 163 181.3
EBIT 1 96.8 75.6 70.7 95 97.1 111.8 127.2 143.9
Net income 1 62.8 48.6 44.1 69.3 55.63 74.98 86.16 97.88
Net Debt 1 -1,378 -961.2 -1,054 -1,150 -78.86 2,047 1,983 1,892
Reference price 2 8.570 5.140 5.540 6.130 6.920 9.910 9.910 9.910
Nbr of stocks (in thousands) 109,314 109,288 109,333 109,298 108,913 109,100 - -
Announcement Date 3/10/22 A 3/9/23 A 3/7/24 A 3/10/25 A 3/12/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.4x2.75x21.62x3.98% 1.22B
18.36x3.46x9.48x3.1% 62.76B
7.57x - - 3.3% 41.11B
12.68x - - 2.21% 14.18B
7.74x0.93x - 3.34% 12.96B
12.02x0.8x - 2.03% 8.64B
7.76x - - 6.84% 6.71B
20x24.27x77.55x2.33% 4.24B
-75.67x2.58x13.72x1.51% 4.04B
Average 2.76x 5.80x 30.59x 3.18% 17.32B
Weighted average by Cap. 10.89x 3.76x 13.91x 3.14%

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