Company Valuation: Gecina

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,059 7,022 8,134 6,688 5,992 4,399 - -
Change - -22.49% 15.83% -17.78% -10.41% -26.58% - -
Enterprise Value (EV) 1 15,957 14,199 14,334 13,188 12,746 11,191 11,405 11,420
Change - -11.02% 0.95% -7.99% -3.36% -12.2% 1.92% 0.13%
P/E 10.7x 41.4x -4.56x 21.7x 13.4x 8.51x 7.84x 7.15x
PBR 0.7x 0.55x 0.77x 0.64x 0.57x 0.42x 0.41x 0.4x
PEG - -0.5x 0x -0x 0.3x 0.5x 0.93x 0.74x
Capitalization / Revenue 14.8x 11.2x 12.2x 9.63x 8.41x 6.16x 6.05x 5.75x
EV / Revenue 26x 22.7x 21.5x 19x 17.9x 15.7x 15.7x 14.9x
EV / EBITDA 33.5x 28.6x 26.8x 23.3x 21.6x 18.9x 18.9x 18x
EV / EBIT 34.3x 28.9x 28.4x 23.8x 21.9x 19x 18.8x 18x
EV / FCF 23.6x 64.9x 99.2x 90.8x 47.4x 23x 30.1x 16.8x
FCF Yield 4.23% 1.54% 1.01% 1.1% 2.11% 4.35% 3.32% 5.94%
Dividend per Share 2 5.3 5.3 5.3 5.45 5.5 5.603 5.674 5.847
Rate of return 4.31% 5.57% 4.81% 6.03% 6.8% 9.43% 9.55% 9.84%
EPS 2 11.53 2.299 -24.15 4.175 6.028 6.983 7.574 8.309
Distribution rate 46% 231% -21.9% 131% 91.2% 80.2% 74.9% 70.4%
Net sales 1 613.3 625.9 666.8 694.5 712.6 714.3 727.2 765.6
EBITDA 1 476.4 496.5 535 565.7 589.7 592.6 604 634.6
EBIT 1 464.6 491.5 505.3 554 582.2 588.4 606.7 635.2
Net income 1 849.3 169.6 -1,787 309.8 448.2 375.6 668.9 690.5
Net Debt 1 6,898 7,177 6,200 6,500 6,754 6,791 7,006 7,021
Reference price 2 122.90 95.15 110.10 90.45 80.90 59.40 59.40 59.40
Nbr of stocks (in thousands) 73,714 73,802 73,881 73,945 74,065 74,060 - -
Announcement Date 17/2/22 15/2/23 14/2/24 13/2/25 10/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
Average
Weighted average by Cap.

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