Company Valuation: Ipsen

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,621 8,279 8,912 9,155 9,770 11,749 - -
Change - 25.05% 7.65% 2.72% 6.72% 20.26% - -
Enterprise Value (EV) 1 6,758 7,894 8,860 9,020 9,225 10,411 9,453 8,655
Change - 16.81% 12.22% 1.81% 2.28% 12.85% -9.19% -8.45%
P/E 10.4x 12.9x 14x 26.7x 22.4x 11.9x 12.2x 12.4x
PBR 2.42x - 2.36x 2.22x 2.3x 2.3x 1.95x 1.7x
PEG - 20.02x -13.67x -0.6x 0.8x 0x -4.81x -8.19x
Capitalization / Revenue 2.31x 2.74x 2.85x 2.69x 2.49x 2.57x 2.52x 2.42x
EV / Revenue 2.36x 2.61x 2.83x 2.65x 2.35x 2.28x 2.03x 1.78x
EV / EBITDA 5.8x 5.86x 10.1x 7.52x 6.67x 5.5x 5.34x 4.87x
EV / EBIT 6.68x 7.08x 8.85x 8.13x 7.13x 6.34x 6.29x 5.87x
EV / FCF 8.31x 9.02x 12.5x 11.6x 8.93x 8.07x 7.77x 7.04x
FCF Yield 12% 11.1% 8.02% 8.59% 11.2% 12.4% 12.9% 14.2%
Dividend per Share 2 1.2 1.2 1.2 1.4 1.4 1.535 1.532 1.655
Rate of return 1.49% 1.19% 1.11% 1.26% 1.18% 1.07% 1.07% 1.15%
EPS 2 7.76 7.81 7.73 4.15 5.32 12.02 11.71 11.54
Distribution rate 15.5% 15.4% 15.5% 33.7% 26.3% 12.8% 13.1% 14.3%
Net sales 1 2,869 3,025 3,128 3,401 3,929 4,564 4,653 4,854
EBITDA 1 1,166 1,348 881.4 1,200 1,383 1,892 1,770 1,775
EBIT 1 1,011 1,115 1,001 1,109 1,294 1,642 1,503 1,475
Net income 1 646.6 647.5 647.2 347.3 444.5 1,011 981.8 966.3
Net Debt 1 137.8 -384.7 -52.9 -134.9 -544.5 -1,339 -2,296 -3,094
Reference price 2 80.50 100.50 107.90 110.70 119.00 143.30 143.30 143.30
Nbr of stocks (in thousands) 82,243 82,380 82,599 82,700 82,100 81,990 - -
Announcement Date 11/2/22 9/2/23 8/2/24 13/2/25 12/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.6x12.18x24.75x0.59% 1,053B
30.11x6.7x18.74x1.98% 652B
33.53x7.84x16.21x2.59% 468B
19.76x4.82x11.93x2.75% 351B
20.25x5.27x13.08x3.03% 273B
20.9x4.34x12.34x2.04% 254B
25.65x6.7x11.94x2.48% 220B
-45.27x6.59x25.75x2.2% 186B
11.33x4.13x8.58x4.44% 170B
Average 16.65x 6.51x 15.92x 2.46% 403.04B
Weighted average by Cap. 24.17x 7.86x 18.10x 1.97%

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