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 18,394 - -
Change - -26.52% 16.08% 4.79% 9.6% 27.86% - -
Enterprise Value (EV) 1 15,857 10,791 13,903 13,789 14,212 17,051 16,571 16,077
Change - -31.95% 28.84% -0.82% 3.07% 19.97% -2.81% -2.98%
P/E 10.7x 10x 10.8x 10.1x 9.12x 11.3x 12.4x 12.1x
PBR 1.38x - 1.1x 1.09x 1.14x 1.4x 1.36x 1.3x
PEG - -0.5x 1.33x 0.9x 0.4x 2.79x -1.38x 4.01x
Capitalization / Revenue 4.58x 3.44x 3.91x 3.75x 4.21x 5.01x 5.02x 4.9x
EV / Revenue 4.95x 3.44x 4.34x 3.94x 4.16x 4.64x 4.52x 4.29x
EV / EBITDA 9.51x - - 7.91x 9.32x 9.08x 8.87x 8.51x
EV / EBIT 9.49x 7.36x 9.28x 8.31x 8.69x 9.41x 9.34x 8.92x
EV / FCF 8.31x - 9.33x 9.06x 8.23x 12.3x 10.5x 10.2x
FCF Yield 12% - 10.7% 11% 12.2% 8.13% 9.53% 9.78%
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% 5.45% 5.63% 5.76%
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 91.25 91.25 91.25
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.($)
19.69x6.89x13.14x4.35% 94.73B
25.92x - - 0.81% 86.77B
20.84x5.93x16.48x4.46% 27.75B
11.33x4.64x9.08x5.45% 20.96B
16.63x1.88x6.76x4% 16.78B
13.13x - - 3.51% 14.26B
14.62x9.42x - 10% 13.79B
31.13x18.22x25.45x - 11.29B
Average 19.16x 7.83x 14.18x 4.65% 35.79B
Weighted average by Cap. 20.78x 6.92x 13.37x 3.55%

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