Company Valuation: Icade

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,776 3,044 2,693 1,741 1,668 1,454 - -
Change - -36.26% -11.54% -35.33% -4.21% -12.86% - -
Enterprise Value (EV) 1 11,709 9,921 6,141 5,195 5,114 4,538 4,409 3,852
Change - -15.28% -38.1% -15.41% -1.55% -11.27% -2.84% -12.64%
P/E 11.8x 56.4x -2.15x -6.31x -13.6x -9.25x 18.8x 6.25x
PBR 0.71x 0.46x 0.54x 0.4x 0.43x 0.38x 0.38x 0.37x
PEG - -0.7x 0x 0.1x 0.2x -0.3x -0x 0x
Capitalization / Revenue 2.88x 1.68x 1.76x 1.11x 1.15x 1.12x 1.1x 1.05x
EV / Revenue 7.05x 5.46x 4.02x 3.3x 3.53x 3.49x 3.33x 2.79x
EV / EBITDA 18.7x 15.3x 21.7x 21.7x 17.5x 15.9x 15.8x 13.4x
EV / EBIT 14.6x 25.9x 22.7x 18.7x 17.4x 15.6x 15.4x 14x
EV / FCF -23.5x -42.4x 4.66x 31.3x 21.6x 6.8x 8.84x 6.73x
FCF Yield -4.25% -2.36% 21.5% 3.2% 4.63% 14.7% 11.3% 14.8%
Dividend per Share 2 4.2 4.33 4.84 4.31 1.92 1.95 1.941 1.707
Rate of return 6.66% 10.8% 13.6% 18.8% 8.73% 10.2% 10.1% 8.91%
EPS 2 5.328 0.7136 -16.5 -3.64 -1.62 -2.072 1.021 3.069
Distribution rate 78.8% 607% -29.3% -118% -119% -94.1% 190% 55.6%
Net sales 1 1,661 1,816 1,528 1,572 1,450 1,300 1,324 1,380
EBITDA 1 625.5 650.3 283 239 292.5 285.3 278.7 286.5
EBIT 1 800.6 382.5 270.1 277.5 294.6 291 285.6 275.8
Net income 1 400.1 54.1 -1,250 -275.9 -123 12.2 149.2 233.3
Net Debt 1 6,933 6,876 3,448 3,454 3,446 3,084 2,956 2,398
Reference price 2 63.10 40.24 35.54 22.98 22.00 19.17 19.17 19.17
Nbr of stocks (in thousands) 75,691 75,652 75,770 75,778 75,825 75,826 - -
Announcement Date 21/2/22 20/2/23 19/2/24 18/2/25 17/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.83x13.83x16.23x4.92% 16.9B
25.54x15.15x16.69x3.83% 7.21B
9x14.18x18.34x6% 6.99B
14.61x14.9x15.97x4.96% 6.65B
10.19x17.27x20.87x7.56% 6.34B
10.88x15x16.09x6.74% 6.08B
8.84x14.14x18.25x5.61% 6.07B
11.78x11.32x12.9x5.53% 4.79B
Average 14.58x 14.47x 16.92x 5.65% 7.63B
Weighted average by Cap. 16.74x 14.45x 16.91x 5.49%

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