Company Valuation: STMicroelectronics N.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 44,709 32,058 45,147 22,573 23,416 46,264 - -
Change - -28.3% 40.83% -50% 3.74% 97.57% - -
Enterprise Value (EV) 1 43,732 30,257 41,991 19,342 20,627 44,176 43,012 40,711
Change - -30.81% 38.78% -53.94% 6.64% 114.17% -2.64% -5.35%
P/E 22.8x 8.42x 11.2x 15.1x 146x 44.9x 20.1x 13.9x
PBR 4.86x 2.51x 2.82x 1.35x 1.36x 2.57x 2.31x 2.01x
PEG - 0.1x 1.74x -0.2x -1.6x 0x 0x 0.3x
Capitalization / Revenue 3.5x 1.99x 2.61x 1.7x 1.98x 3.21x 2.73x 2.4x
EV / Revenue 3.43x 1.88x 2.43x 1.46x 1.75x 3.06x 2.54x 2.11x
EV / EBITDA 12.6x 5.35x 6.8x 5.63x 8.58x 13.4x 9.25x 7.17x
EV / EBIT 18.1x 6.82x 9.11x 11.5x 37.4x 32.9x 16.3x 10.4x
EV / FCF 39x 19x 23.7x 67.2x 66.8x 68.2x 29.9x 14.4x
FCF Yield 2.56% 5.26% 4.22% 1.49% 1.5% 1.47% 3.35% 6.93%
Dividend per Share 2 0.24 0.24 0.24 0.36 0.36 0.3573 0.3712 0.3895
Rate of return 0.49% 0.68% 0.48% 1.43% 1.37% 0.69% 0.72% 0.75%
EPS 2 2.16 4.19 4.46 1.66 0.18 1.155 2.581 3.731
Distribution rate 11.1% 5.73% 5.38% 21.7% 200% 30.9% 14.4% 10.4%
Net sales 1 12,761 16,128 17,286 13,269 11,800 14,420 16,932 19,252
EBITDA 1 3,466 5,654 6,172 3,436 2,405 3,302 4,651 5,680
EBIT 1 2,421 4,439 4,611 1,676 551 1,341 2,642 3,932
Net income 1 2,000 3,960 4,211 1,557 166 1,079 2,251 3,072
Net Debt 1 -977 -1,801 -3,156 -3,231 -2,789 -2,088 -3,252 -5,553
Reference price 2 49.32 35.26 50.01 25.13 26.35 51.86 51.86 51.86
Nbr of stocks (in thousands) 906,449 909,136 902,747 898,175 888,746 892,104 - -
Announcement Date 1/27/22 A 1/26/23 A 1/25/24 A 1/30/25 A 1/29/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.5x12.75x19.31x0.34% 5,401B
22.96x11.27x15.28x1.1% 2,029B
39.53x16.6x24.38x0.71% 1,734B
14.14x8.62x10.41x0.05% 1,161B
5.31x3.39x4.09x0.2% 1,009B
91.16x16.49x62.61x-.--% 851B
-46.03x9.21x25.66x-.--% 558B
211.34x45.84x93.47x-.--% 282B
Average 45.11x 15.52x 31.90x 0.3% 1,628B
Weighted average by Cap. 28.40x 12.75x 22.09x 0.43%

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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