Company Valuation: SAF-Holland SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 558.3 400.2 690 670.9 688.9 955.5 - -
Change - -28.33% 72.43% -2.76% 2.68% 38.69% - -
Enterprise Value (EV) 1 756.4 910.7 1,140 1,144 1,194 1,392 1,305 1,242
Change - 20.41% 25.19% 0.37% 4.35% 16.54% -6.2% -4.84%
P/E 15.2x 6.53x 8.64x 8.69x 13.7x 13.2x 11.2x 10.3x
PBR 1.51x 0.91x 1.46x 1.28x 1.41x 1.79x 1.64x 1.53x
PEG - 0.1x 0.3x -2.55x -0.4x 0.3x 0.6x 1.2x
Capitalization / Revenue 0.45x 0.26x 0.33x 0.36x 0.4x 0.53x 0.5x 0.48x
EV / Revenue 0.61x 0.58x 0.54x 0.61x 0.69x 0.77x 0.68x 0.63x
EV / EBITDA 5.73x 5.6x 4.32x 4.44x 5.17x 5.92x 5.11x 4.58x
EV / EBIT 8.12x 7.31x 5.64x 6.01x 7.28x 8.07x 6.92x 6.32x
EV / FCF 50.4x 7.77x 8.08x 7.99x 11x 17.8x 13.9x 13.3x
FCF Yield 1.98% 12.9% 12.4% 12.5% 9.07% 5.62% 7.2% 7.49%
Dividend per Share 2 0.35 0.6 0.85 0.85 0.65 0.8306 0.9782 1.015
Rate of return 2.85% 6.81% 5.59% 5.75% 4.25% 3.88% 4.57% 4.75%
EPS 2 0.81 1.35 1.76 1.7 1.12 1.615 1.917 2.082
Distribution rate 43.2% 44.4% 48.3% 50% 58% 51.4% 51% 48.8%
Net sales 1 1,247 1,565 2,106 1,877 1,734 1,807 1,912 1,972
EBITDA 1 132.1 162.7 264.1 258 231.1 235.2 255.4 271.3
EBIT 1 93.13 124.6 202.1 190.4 164 172.5 188.7 196.6
Net income 1 36.74 61.08 79.93 77.35 50.95 74.51 88.57 95.87
Net Debt 1 198 510.6 450.2 473.5 505.3 436.3 350 286.7
Reference price 2 12.30 8.82 15.20 14.78 15.30 21.40 21.40 21.40
Nbr of stocks (in thousands) 45,394 45,394 45,394 45,394 45,028 44,647 - -
Announcement Date 3/17/22 A 3/30/23 A 3/14/24 A 3/21/25 A 3/18/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.25x0.77x5.92x3.88% 1.1B
8.9x1.08x5.85x3.92% 4.12B
11.5x0.64x3.96x3.45% 2.69B
64.01x - - 0.33% 2.4B
8.72x0.32x3.22x4.02% 2.12B
5.28x0.85x4.73x8.29% 1.28B
Average 18.61x 0.73x 4.74x 3.98% 2.28B
Weighted average by Cap. 19.03x 0.77x 4.79x 3.62%

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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