Company Valuation: Cegedim

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331.1 198.9 243.6 174.8 186.6 145.8 - -
Change - -39.93% 22.47% -28.22% 6.71% -21.84% - -
Enterprise Value (EV) 1 582.4 427.9 482.1 359.3 418.8 308 279.6 248.1
Change - -26.53% 12.65% -25.46% 16.55% -26.47% -9.22% -11.25%
P/E 12.6x 14.6x -35.7x -11.6x 19.4x 6.96x 5.31x 4.58x
PBR 1.43x 0.7x 0.83x 0.62x 0.66x 0.5x 0.47x 0.43x
PEG - -0.3x 0x -0x -0x 0x 0.2x 0.3x
Capitalization / Revenue 0.63x 0.36x 0.4x 0.27x 0.29x 0.22x 0.21x 0.21x
EV / Revenue 1.11x 0.77x 0.78x 0.55x 0.65x 0.47x 0.41x 0.35x
EV / EBITDA 5.56x 4.45x 4.43x 2.91x 3.4x 2.18x 1.84x 1.56x
EV / EBIT 14.6x 16.7x 15.2x 9.1x 11x 5.91x 4.71x 3.88x
EV / FCF 24.1x 41.4x 21.5x 30.1x 8.07x 13.3x 10x 8.03x
FCF Yield 4.15% 2.42% 4.65% 3.32% 12.4% 7.5% 10% 12.5%
Dividend per Share 2 0.5 - - - - - - -
Rate of return 2.08% - - - - - - -
EPS 2 1.9 1 -0.5 -1.1 0.7 1.525 2 2.32
Distribution rate 26.3% - - - - - - -
Net sales 1 524.7 555.6 616 654.5 649.2 659.6 684 706.6
EBITDA 1 104.7 96.2 108.8 123.6 123.3 141 152 159
EBIT 1 39.9 25.67 31.67 39.48 38.09 52.15 59.35 63.9
Net income 1 26.22 13.62 -7.407 -14.71 9.398 21.3 28 32.3
Net Debt 1 251.3 229 238.5 184.5 232.3 162.2 133.8 102.3
Reference price 2 24.00 14.56 17.86 12.75 13.55 10.62 10.62 10.62
Nbr of stocks (in thousands) 13,796 13,660 13,638 13,712 13,768 13,731 - -
Announcement Date 24/3/22 23/3/23 27/3/24 27/3/25 26/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
6.96x0.47x2.18x-.--% 168M
22.29x6.12x10.93x1.43% 413B
24.27x4.85x15.18x1.56% 227B
75.96x7.38x19.75x-.--% 121B
38.42x3.65x13.19x0.17% 48.52B
-615.31x80.91x695.02x-.--% 37.21B
27.34x10.85x17.7x-.--% 22.29B
37.14x2.4x21.89x-.--% 20.07B
25.93x3.71x12.51x - 13.65B
91.49x8.71x37.37x-.--% 13.32B
Average -26.55x 12.90x 84.57x 0.35% 91.72B
Weighted average by Cap. 6.37x 8.91x 41.83x 1.06%

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