Company Valuation: Amundi

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 14,686 10,791 12,526 13,126 14,386 18,445 - -
Change - -26.52% 16.08% 4.79% 9.6% 28.21% - -
Enterprise Value (EV) 1 15,857 10,791 13,903 13,789 14,212 17,101 16,621 16,128
Change - -31.95% 28.84% -0.82% 3.07% 20.33% -2.81% -2.97%
P/E 10.7x 10x 10.8x 10.1x 9.12x 11.4x 12.5x 12.1x
PBR 1.38x - 1.1x 1.09x 1.14x 1.41x 1.36x 1.31x
PEG - -0.5x 1.33x 0.9x 0.4x 2.81x -1.4x 4.01x
Capitalization / Revenue 4.58x 3.44x 3.91x 3.75x 4.21x 5.02x 5.03x 4.92x
EV / Revenue 4.95x 3.44x 4.34x 3.94x 4.16x 4.65x 4.53x 4.3x
EV / EBITDA 9.51x - - 7.91x 9.32x 9.11x 8.9x 8.53x
EV / EBIT 9.49x 7.36x 9.28x 8.31x 8.69x 9.44x 9.37x 8.95x
EV / FCF 8.31x - 9.33x 9.06x 8.23x 12.3x 10.5x 10.3x
FCF Yield 12% - 10.7% 11% 12.2% 8.11% 9.5% 9.75%
Dividend per Share 2 4.1 4.1 4.1 4.25 4.25 4.97 5.135 5.253
Rate of return 5.65% 7.74% 6.66% 6.62% 6.02% 5.43% 5.61% 5.74%
EPS 2 6.75 5.28 5.71 6.37 7.74 8.054 7.332 7.554
Distribution rate 60.7% 77.7% 71.8% 66.7% 54.9% 61.7% 70% 69.5%
Net sales 1 3,204 3,137 3,204 3,497 3,417 3,674 3,668 3,752
EBITDA 1 1,667 - - 1,743 1,525 1,877 1,868 1,890
EBIT 1 1,670 1,466 1,498 1,660 1,636 1,811 1,774 1,802
Net income 1 1,369 1,074 1,165 1,305 1,592 1,645 1,481 1,521
Net Debt 1 1,170 - 1,376 662.9 -173.8 -1,344 -1,823 -2,317
Reference price 2 72.55 53.00 61.60 64.20 70.60 91.50 91.50 91.50
Nbr of stocks (in thousands) 202,433 203,604 203,350 204,461 203,768 201,581 - -
Announcement Date 9/2/22 8/2/23 7/2/24 4/2/25 3/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.95x6.66x12.69x4.52% 91.19B
24.98x - - 0.84% 83.64B
20.32x5.79x16.09x4.57% 27.06B
11.36x4.65x9.11x5.43% 20.9B
16.45x1.86x6.69x4.04% 16.6B
13.01x - - 3.54% 14.14B
14.74x9.45x - 9.92% 13.9B
30.35x17.73x24.76x - 10.99B
Average 18.77x 7.69x 13.87x 4.69% 34.8B
Weighted average by Cap. 20.12x 6.74x 13.00x 3.65%

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