Company Valuation: Wendel SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,603 3,782 3,508 3,953 3,494 3,223 - -
Change - -17.84% -7.24% 12.67% -11.6% -7.76% - -
Enterprise Value (EV) 1 8,306 6,581 7,220 6,714 6,342 6,601 6,757 6,845
Change - -20.77% 9.71% -7.01% -5.53% 4.09% 2.36% 1.29%
P/E 4.43x 5.84x 25.2x 13.7x -23x 30.3x 27.3x 25.3x
PBR 1.77x 1.36x 1.3x 1.22x 0.99x 0.9x 0.91x 0.92x
PEG - -0.2x -0.3x 0x 0x -0x 2.5x 3.1x
Capitalization / Revenue 0.61x 0.43x 0.49x 0.49x 0.46x 0.42x 0.4x 0.39x
EV / Revenue 1.11x 0.76x 1.01x 0.83x 0.84x 0.85x 0.84x 0.83x
EV / EBITDA 6.07x 4.05x 4.15x 3.24x 3.47x 4.63x 4.58x 4.51x
EV / EBIT 7.74x 5.26x 6.31x 5.06x 5.16x 7.32x 7.07x 6.78x
EV / FCF 7.07x 5.38x 6.11x 4.84x 4.26x 7.69x 7.75x 7.73x
FCF Yield 14.1% 18.6% 16.4% 20.7% 23.4% 13% 12.9% 12.9%
Dividend per Share 2 2.9 3.2 4 4.7 5.1 5.618 6.01 6.534
Rate of return 2.75% 3.67% 4.96% 5.06% 6.2% 6.78% 7.25% 7.88%
EPS 2 23.78 14.93 3.2 6.766 -3.58 2.732 3.032 3.28
Distribution rate 12.2% 21.4% 125% 69.5% -142% 206% 198% 199%
Net sales 1 7,504 8,700 7,128 8,064 7,568 7,743 8,026 8,263
EBITDA 1 1,368 1,626 1,738 2,072 1,826 1,424 1,476 1,517
EBIT 1 1,073 1,251 1,144 1,327 1,230 902.3 955.1 1,009
Net income 1 1,047 656.3 142.4 293.9 -151.8 116.1 126.2 136.7
Net Debt 1 3,703 2,799 3,712 2,761 2,848 3,378 3,534 3,622
Reference price 2 105.40 87.20 80.65 92.95 82.20 82.90 82.90 82.90
Nbr of stocks (in thousands) 43,671 43,369 43,497 42,524 42,508 38,879 - -
Announcement Date 3/18/22 A 3/16/23 A 2/28/24 A 2/26/25 A 2/26/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.34x0.85x4.63x6.78% 3.7B
20.77x7.24x13.81x4.12% 99.96B
26.49x - - 0.79% 88.7B
21.15x5.96x16.58x4.38% 27.92B
11.38x4.66x9.13x5.42% 21.19B
16.63x1.81x6.49x4% 16.77B
13.15x3.83x11.52x3.5% 14.29B
14.77x9.46x - 9.9% 13.93B
32.9x19.33x26.99x - 11.92B
Average 20.84x 6.64x 12.74x 4.86% 33.15B
Weighted average by Cap. 21.57x 6.87x 13.53x 3.49%

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

  1. Stock Market
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  3. MF Stock
  4. Valuation Wendel SE
-40%: Exceptional extension
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