EV/EBITDA Multiple Development.

The chart shows the median EV/EBITDA multiple for components, OEM, plant construction and all-in-one companies in the industrial automation sector. The EV/EBITDA trading multiples were briefly at an exceptionally high level after the Corona stock market collapse (Feb. 2020). However, they have fallen significantly since the beginning of 2022, which is of course also due to the general market situation.

Constituents: (i) Components: Gefran S.p.A., Renishaw plc, Spectris plc, TT Electronics plc, TE Connectivity Ltd., ams-OSRAM AG, Interroll Holding AG, Komax Holding AG, Sensirion Holding AG, Infineon Technologies AG, Jenoptik AG, INFICON Holding AG, Analog Devices, Inc., Ambarella, Inc., Coherent, Inc., Novanta Inc., Amphenol Corporation, Belden Inc., CTS Corporation, Rockwell Automation, Inc., Regal Rexnord Corporation, Silicon Laboratories Inc.; (ii) Plant Construction: Atlas Copco AB, Hexagon AB, Bystronic AG, Kardex Holding AG, Mikron Holding AG, Aumann AG, Dürr AG, KION GROUP AG, MAX Automation SE, ATS Automation Tooling Systems Inc.; (iii) OEMs: KUKA AG, Teradyne, Inc., Lincoln Electric Holdings, Inc., Cognex Corporation, FARO Technologies, Inc., Keysight Technologies, Inc.; (iv) All in One: Schneider Electric S.E., ABB Ltd, Siemens AG, Eaton Corporation plc, Emerson Electric Co., Fortive Corporation, Roper Technologies, Inc.
Quelle: Aquin Research, Capital IQ