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NV Bekaert SA
OTC:BEKAY

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NV Bekaert SA
OTC:BEKAY
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Price: 4.94 USD Market Closed
Market Cap: $2.6B

EV/EBITDA

4
Current
7%
Cheaper
vs 3-y average of 4.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
4
=
Enterprise Value
$1.9B
/
EBITDA
€470.6m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
4
=
Enterprise Value
$1.9B
/
EBITDA
€470.6m

Valuation Scenarios

NV Bekaert SA is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (4.3), the stock would be worth $5.31 (7% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+121%
Average Upside
49%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 4 $4.94
0%
3-Year Average 4.3 $5.31
+7%
5-Year Average 4.1 $5.04
+2%
Industry Average 6.6 $8.13
+65%
Country Average 8.9 $10.9
+121%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$1.9B
/
Jan 2026
€470.6m
=
4
Current
$1.9B
/
Dec 2026
€461m
=
4.1
Forward
$1.9B
/
Dec 2027
€491.2m
=
3.8
Forward
$1.9B
/
Dec 2028
€554.5m
=
3.4
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
BE
NV Bekaert SA
OTC:BEKAY
2.1B USD 4 30.8
ZA
Kumba Iron Ore Ltd
JSE:KIO
102.7B ZAR 3.5 7
BR
Vale SA
BOVESPA:VALE3
372.3B BRL 5.2 26.6
US
Nucor Corp
NYSE:NUE
48.7B USD 12.8 28.1
AU
Fortescue Metals Group Ltd
ASX:FMG
64.6B AUD 7.7 11.3
AU
Fortescue Ltd
XMUN:FVJ
39.3B EUR 8.1 12.1
LU
ArcelorMittal SA
AEX:MT
39.4B EUR 9.3 14.4
US
Steel Dynamics Inc
NASDAQ:STLD
32.9B USD 17.9 27.7
IN
JSW Steel Ltd
NSE:JSWSTEEL
3.1T INR 13.8 40.9
IN
Tata Steel Ltd
NSE:TATASTEEL
2.7T INR 10.5 28.4
KR
Posco Holdings Inc
KRX:005490
31T KRW 6.7 47.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
BE
NV Bekaert SA
OTC:BEKAY
Average EV/EBITDA: 9.1
4
6%
0.7
ZA
K
Kumba Iron Ore Ltd
JSE:KIO
3.5
5%
0.7
BR
Vale SA
BOVESPA:VALE3
5.2
6%
0.9
US
Nucor Corp
NYSE:NUE
12.8
14%
0.9
AU
Fortescue Metals Group Ltd
ASX:FMG
7.7
13%
0.6
AU
F
Fortescue Ltd
XMUN:FVJ
8.1
13%
0.6
LU
ArcelorMittal SA
AEX:MT
9.3
24%
0.4
US
Steel Dynamics Inc
NASDAQ:STLD
17.9
22%
0.8
IN
JSW Steel Ltd
NSE:JSWSTEEL
13.8
23%
0.6
IN
Tata Steel Ltd
NSE:TATASTEEL
10.5
29%
0.4
KR
Posco Holdings Inc
KRX:005490
6.7
17%
0.4

Market Distribution

Lower than 75% of companies in Belgium
Percentile
25th
Based on 387 companies
25th percentile
5.4
Low
0.4 — 5.6
Typical Range
5.6 — 14
High
14 —
Distribution Statistics
Belgium
Min 0.4
30th Percentile 5.6
Median 8.9
70th Percentile 14
Max 598.6

NV Bekaert SA
Glance View

NV Bekaert SA, an emblem of industrial innovation, traces its roots back to 1880 when it began as a family wire shop in Belgium. Since those humble beginnings, Bekaert has metamorphosed into a global powerhouse in steel wire transformation and coatings. The company, still headquartered in Belgium, has grown into an international giant employing thousands, with operations extending to over 120 countries. The bedrock of Bekaert's operations lies in its ability to deliver advanced solutions that enhance the strength and durability of its clients’ products, positioning itself as an invaluable partner across an array of sectors such as automotive, construction, energy, and agriculture. The magic of Bekaert’s business model lies in its seamless integration of innovation with practical applications. By investing heavily in research and development, Bekaert consistently explores ways to extend the versatility and application of its core product—steel wire. Their expertise in producing advanced cords and wires plays a pivotal role in high-performance tires, where they strengthen rubber products for the automotive industry, significantly influencing tire durability and safety. Moreover, Bekaert's commitment to sustainable practices and efficiency improvements helps their clients reduce environmental impact, thereby adding intangible value that transcends traditional cost structures. Through these strategic initiatives, Bekaert has forged a robust revenue stream, underpinned by a dynamic blend of industrial tradition and cutting-edge technological prowess.

BEKAY Intrinsic Value
8.54 USD
Undervaluation 42%
Intrinsic Value
Price $4.94
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