Company Valuation: Monbat AD

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 156 230 180 148.8 103.2 74.15
Change - 47.47% -21.73% -17.35% -30.64% -28.16%
Enterprise Value (EV) 1 323.8 404.9 373.8 347.7 284.5 230.1
Change - 25.02% -7.68% -6.98% -18.16% -19.12%
P/E 121x 77x 39.7x 13.9x 39.8x 37x
PBR 0.74x 1.1x 0.87x 0.7x 0.49x 0.36x
PEG - 1x 0.8x 0x -0.5x -1.6x
Capitalization / Revenue 0.52x 0.62x 0.48x 0.39x 0.27x 0.18x
EV / Revenue 1.07x 1.09x 0.99x 0.91x 0.74x 0.57x
EV / EBITDA 9.98x 14.8x 11.5x 9.21x 7.81x 6.76x
EV / EBIT 22.3x 49x 26.6x 19.5x 18.5x 18.4x
EV / FCF -28.9x -37.7x -12x -112x 9.22x 7.8x
FCF Yield -3.46% -2.65% -8.36% -0.89% 10.9% 12.8%
Dividend per Share 2 0.1795 0.141 0.1026 - - -
Rate of return 4.49% 2.39% 2.22% - - -
EPS 2 0.033 0.0767 0.1163 0.275 0.0663 0.0514
Distribution rate 545% 184% 88.2% - - -
Net sales 1 302.7 373 375.8 383.8 385.4 403
EBITDA 1 32.45 27.35 32.45 37.75 36.44 34.06
EBIT 1 14.52 8.27 14.04 17.84 15.37 12.49
Net income 1 1.285 2.989 4.534 10.71 2.583 2.001
Net Debt 1 167.9 174.8 193.7 198.9 181.3 156
Reference price 2 4.000 5.900 4.620 3.814 2.640 1.900
Nbr of stocks (in thousands) 38,989 38,989 38,971 38,956 38,956 38,956
Announcement Date 4/29/21 A 5/1/22 A 5/3/23 A 2/29/24 A 4/25/25 A 4/30/26 A
1BGN in Million2BGN
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 45.69M
-196.99x3.17x18.19x-.--% 53.4B
75.51x2.57x14.98x0.07% 21.51B
16.86x1.41x12.4x1.47% 17.46B
25.63x1.42x11.24x0.49% 7.66B
307.29x3.95x53.94x0.06% 7.04B
17.48x - - 0.58% 6.78B
15.03x0.57x7.33x1.51% 5.19B
20.36x - - 0.99% 4.46B
25.34x2.45x12.93x0.73% 4.01B
Average 34.06x 2.22x 18.72x 0.65% 12.76B
Weighted average by Cap. -45.88x 2.59x 17.77x 0.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA