Company Valuation: Cegedim

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331.1 198.9 243.6 174.8 186.6 161.8 - -
Change - -39.93% 22.47% -28.22% 6.71% -13.3% - -
Enterprise Value (EV) 1 582.4 427.9 482.1 359.3 418.8 323.9 295.5 264.1
Change - -26.53% 12.65% -25.46% 16.55% -22.66% -8.77% -10.64%
P/E 12.6x 14.6x -35.7x -11.6x 19.4x 7.72x 5.89x 5.08x
PBR 1.43x 0.7x 0.83x 0.62x 0.66x 0.56x 0.52x 0.48x
PEG - -0.3x 0x -0x -0x 0x 0.2x 0.3x
Capitalization / Revenue 0.63x 0.36x 0.4x 0.27x 0.29x 0.25x 0.24x 0.23x
EV / Revenue 1.11x 0.77x 0.78x 0.55x 0.65x 0.49x 0.43x 0.37x
EV / EBITDA 5.56x 4.45x 4.43x 2.91x 3.4x 2.3x 1.94x 1.66x
EV / EBIT 14.6x 16.7x 15.2x 9.1x 11x 6.21x 4.98x 4.13x
EV / FCF 24.1x 41.4x 21.5x 30.1x 8.07x 14x 10.6x 8.55x
FCF Yield 4.15% 2.42% 4.65% 3.32% 12.4% 7.13% 9.46% 11.7%
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 11.78 11.78 11.78
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.72x0.49x2.3x-.--% 184M
21.01x5.96x10.43x1.43% 422B
26.07x5.23x16.49x1.45% 242B
89.19x8.66x23.19x-.--% 142B
-7.37x127.12x1693.48x-.--% 62.09B
34.47x3.25x11.95x0.2% 42.63B
22.79x9.37x15.29x-.--% 18.5B
31.43x2.06x18.71x-.--% 17.4B
-207.89x3.69x12.34x - 13.45B
37.95x3.36x9.47x-.--% 12.89B
Average 5.54x 16.92x 181.36x 0.34% 97.32B
Weighted average by Cap. 28.30x 13.71x 121.51x 1%

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