Company Valuation: Mercialys

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 800.5 910.4 926.6 941.4 1,031 1,024 - -
Change - 13.73% 1.78% 1.6% 9.48% -0.6% - -
Enterprise Value (EV) 1 1,931 1,953 1,990 1,944 2,185 2,233 2,290 2,317
Change - 1.14% 1.92% -2.3% 12.39% 2.21% 2.52% 1.21%
P/E 9.12x 21.2x 17.4x 17.4x 30.7x 9.89x 10.6x 10.4x
PBR 0.47x 0.53x 0.61x 0.62x 0.65x 0.68x 0.64x 0.63x
PEG - -0.4x 0.7x 9.92x -0.8x 0x -1.65x 5.23x
Capitalization / Revenue 4.65x 5.25x 5.21x 5.24x 5.71x 5.45x 5.19x 5.03x
EV / Revenue 11.2x 11.3x 11.2x 10.8x 12.1x 11.9x 11.6x 11.4x
EV / EBITDA 13.3x 13.5x 13.3x 13.2x 14.7x 14.4x 14.2x 13.8x
EV / EBIT 18.7x 18.4x 23.2x 19x 27.7x 15.5x 16.6x 16.5x
EV / FCF 12.8x 9.34x 17.8x 14.6x 72.9x 16.5x 17.1x 14.6x
FCF Yield 7.79% 10.7% 5.61% 6.83% 1.37% 6.04% 5.85% 6.86%
Dividend per Share 2 0.92 0.96 0.99 1 1.002 1.019 1.043 1.067
Rate of return 10.7% 9.83% 9.95% 9.89% 9.08% 9.28% 9.5% 9.71%
EPS 2 0.94 0.46 0.57 0.58 0.36 1.11 1.039 1.059
Distribution rate 97.9% 209% 174% 172% 278% 91.8% 100% 101%
Net sales 1 172.2 173.3 178 179.5 180.6 188 197.5 203.7
EBITDA 1 144.7 144.2 149.4 147.2 148.9 155.2 161.3 167.4
EBIT 1 103.5 106.2 85.82 102.1 78.78 144.1 137.7 140.3
Net income 1 62.18 43.09 53.37 53.76 33.96 98.02 117.2 125.3
Net Debt 1 1,130 1,042 1,064 1,003 1,155 1,209 1,265 1,293
Reference price 2 8.57 9.77 9.94 10.11 11.04 10.98 10.98 10.98
Nbr of stocks (in thousands) 93,406 93,180 93,168 93,115 93,351 93,302 - -
Announcement Date 14/2/22 14/2/23 14/2/24 12/2/25 17/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.89x11.88x14.39x9.28% 1.19B
39.92x15.61x15.95x5.33% 57.77B
16.76x23.46x28.11x3.44% 17.39B
8.44x12.16x14.9x5.68% 16.31B
18.38x16.61x23.86x5.14% 14.7B
9.98x13.64x16.21x5.19% 12.65B
27.61x10.97x17.25x3.9% 10.17B
7.77x20.33x27.51x3.19% 9.54B
14.63x11.82x18.37x6.36% 9.39B
36.02x7.62x12.24x5.47% 9.17B
Average 18.94x 14.41x 18.88x 5.3% 15.83B
Weighted average by Cap. 25.06x 15.32x 18.63x 5.01%

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

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