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 1,423 - -
Change - -36.26% -11.54% -35.33% -4.21% -14.68% - -
Enterprise Value (EV) 1 11,709 9,921 6,141 5,195 5,114 4,466 4,275 3,789
Change - -15.28% -38.1% -15.41% -1.55% -12.69% -4.28% -11.36%
P/E 11.8x 56.4x -2.15x -6.31x -13.6x -9.19x 17.2x 5.75x
PBR 0.71x 0.46x 0.54x 0.4x 0.43x 0.37x 0.37x 0.36x
PEG - -0.7x 0x 0.1x 0.2x -0.4x -0x 0x
Capitalization / Revenue 2.88x 1.68x 1.76x 1.11x 1.15x 1.09x 1.07x 1.03x
EV / Revenue 7.05x 5.46x 4.02x 3.3x 3.53x 3.43x 3.23x 2.75x
EV / EBITDA 18.7x 15.3x 21.7x 21.7x 17.5x 15.7x 15.3x 13.2x
EV / EBIT 14.6x 25.9x 22.7x 18.7x 17.4x 15.3x 15x 13.7x
EV / FCF -23.5x -42.4x 4.66x 31.3x 21.6x 4.64x 5.14x 34.1x
FCF Yield -4.25% -2.36% 21.5% 3.2% 4.63% 21.5% 19.4% 2.93%
Dividend per Share 2 4.2 4.33 4.84 4.31 1.92 1.953 1.943 1.707
Rate of return 6.66% 10.8% 13.6% 18.8% 8.73% 10.4% 10.4% 9.1%
EPS 2 5.328 0.7136 -16.5 -3.64 -1.62 -2.042 1.094 3.264
Distribution rate 78.8% 607% -29.3% -118% -119% -95.6% 178% 52.3%
Net sales 1 1,661 1,816 1,528 1,572 1,450 1,300 1,324 1,379
EBITDA 1 625.5 650.3 283 239 292.5 285.3 278.6 286.1
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 14.7 153.5 243.3
Net Debt 1 6,933 6,876 3,448 3,454 3,446 3,042 2,851 2,366
Reference price 2 63.10 40.24 35.54 22.98 22.00 18.77 18.77 18.77
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.25x13.27x15.58x5.24% 15.87B
23.97x14.49x15.96x4.08% 6.76B
8.78x13.76x17.85x6.3% 6.64B
14.04x14.5x15.54x5.16% 6.34B
9.65x16.87x20.39x7.98% 5.99B
10.65x14.78x15.85x6.89% 5.9B
8.72x13.82x17.81x5.79% 5.83B
11.27x11.01x12.54x5.78% 4.56B
Average 13.92x 14.06x 16.44x 5.9% 7.24B
Weighted average by Cap. 15.84x 14.01x 16.39x 5.77%

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