Company Valuation: Vossloh AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 793 686.8 736.8 831.8 1,476 1,171 - -
Change - -13.4% 7.29% 12.88% 77.47% -20.68% - -
Enterprise Value (EV) 1 1,009 924.3 956.3 969.4 2,029 1,723 1,614 1,560
Change - -8.36% 3.47% 1.36% 109.27% -15.08% -6.33% -3.34%
P/E 34.5x 16.4x 19x 12.1x 23.6x 26.4x 15.1x 12.7x
PBR 1.42x 1.15x 1.21x 1.05x 1.94x 1.39x 1.25x 1.15x
PEG - 0.2x -2.66x 0.2x -2.63x -0.9x 0.2x 0.7x
Capitalization / Revenue 0.84x 0.66x 0.61x 0.69x 1.1x 0.74x 0.7x 0.65x
EV / Revenue 1.07x 0.88x 0.79x 0.8x 1.51x 1.09x 0.96x 0.87x
EV / EBITDA 8.12x 7.04x 6.05x 6.05x 11.3x 8.31x 6.81x 6.03x
EV / EBIT 14x 11.8x 9.71x 9.21x 18.1x 14.7x 10.7x 9.26x
EV / FCF 34.1x 33.1x 13.5x 11.3x 21.7x 22x 17.2x 14.5x
FCF Yield 2.93% 3.02% 7.41% 8.87% 4.6% 4.55% 5.82% 6.89%
Dividend per Share 2 1 1 1.05 1.1 1.15 1.078 1.466 1.672
Rate of return 2.21% 2.56% 2.5% 2.56% 1.51% 1.78% 2.42% 2.76%
EPS 2 1.31 2.38 2.21 3.56 3.24 2.294 4.021 4.78
Distribution rate 76.3% 42% 47.5% 30.9% 35.5% 47% 36.4% 35%
Net sales 1 942.8 1,046 1,214 1,210 1,343 1,577 1,683 1,789
EBITDA 1 124.2 131.2 158 160.3 179.4 207.2 236.9 258.5
EBIT 1 72.3 78.1 98.5 105.2 111.9 117.5 150.8 168.4
Net income 1 23.1 41.7 38.7 63.2 62.7 44.29 75.12 89.35
Net Debt 1 215.6 237.5 219.5 137.6 552.5 551.8 442.8 389
Reference price 2 45.15 39.10 41.95 43.05 76.40 60.60 60.60 60.60
Nbr of stocks (in thousands) 17,564 17,564 17,564 19,321 19,321 19,321 - -
Announcement Date 3/17/22 A 3/16/23 A 3/21/24 A 3/25/25 A 3/19/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.42x1.09x8.31x1.78% 1.36B
30.51x4.22x17.82x0.44% 47.37B
12.14x0.39x4.02x4.01% 25.33B
16.23x1.57x9.31x0.53% 10.27B
19.59x0.66x8.13x2.9% 3.62B
13.5x0.58x6.88x2.6% 3.01B
12.8x3.38x8.65x4.44% 2.24B
14.02x1.14x9.95x3.12% 1.32B
Average 18.15x 1.63x 9.14x 2.48% 11.82B
Weighted average by Cap. 22.36x 2.55x 12.02x 1.72%

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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