Company Valuation: Aedifica

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,172 3,021 3,027 2,672 3,210 5,417 - -
Change - -27.59% 0.18% -11.7% 20.1% 68.78% - -
Enterprise Value (EV) 1 6,238 5,460 5,289 5,167 5,673 10,411 10,364 10,440
Change - -12.47% -3.13% -2.29% 9.78% 83.53% -0.45% 0.73%
P/E 14.2x 8.7x 114x 13x 13.1x 7.86x 10x 9.52x
PBR 1.5x 0.92x 0.85x 0.73x 0.88x 0.79x 0.76x 0.74x
PEG - 1.16x -1.2x 0x 0.7x 0.1x -0.5x 1.73x
Capitalization / Revenue 18x 11.1x 9.63x 7.9x 8.89x 7.89x 7.14x 6.92x
EV / Revenue 26.9x 20x 16.8x 15.3x 15.7x 15.2x 13.7x 13.3x
EV / EBITDA 32.3x 23.8x 19.9x 17.8x 18.2x 18x 15.6x 14.9x
EV / EBIT 32.3x 23.8x 19.9x 17.8x 18.2x 18.1x 15.8x 15.1x
EV / FCF -54.5x - -181x 10.2x 32.6x 342x 17.7x 17.3x
FCF Yield -1.83% - -0.55% 9.83% 3.06% 0.29% 5.63% 5.79%
Dividend per Share 2 3.4 3.7 3.8 3.9 4 4.18 4.314 4.436
Rate of return 2.96% 4.88% 5.97% 6.94% 5.93% 6.44% 6.65% 6.83%
EPS 2 8.1 8.71 0.56 4.31 5.14 8.258 6.459 6.814
Distribution rate 42% 42.5% 679% 90.5% 77.8% 50.6% 66.8% 65.1%
Net sales 1 232.1 273.1 314.2 338.1 361 686.7 758.8 783
EBITDA 1 193.3 229.7 265.8 290.3 312.1 578.4 665.1 698.7
EBIT 1 193.3 229.7 265.8 290.3 312.1 576.2 655.3 691.9
Net income 1 281.8 331.8 24.54 204.8 244.4 699.4 614 679.5
Net Debt 1 2,066 2,439 2,262 2,495 2,463 4,994 4,947 5,023
Reference price 2 114.90 75.80 63.65 56.20 67.50 64.90 64.90 64.90
Nbr of stocks (in thousands) 36,308 39,855 47,550 47,550 47,549 83,470 - -
Announcement Date 23/02/22 16/02/23 21/02/24 19/02/25 13/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
7.93x15.29x18.29x6.39% 622.43Cr
79.85x12.7x34.23x1.37% 17TCr
159.24x8.16x22.43x2.4% 4.44TCr
48.77x7.74x13.8x6% 1.41TCr
18.45x16.53x15x5.84% 1.4TCr
85.55x4.27x23.15x1.96% 1.2TCr
24.3x15.95x17.66x4.2% 878.3Cr
-174.13x9.05x15.05x5.35% 615.52Cr
40.64x8.18x14.74x6.1% 503.01Cr
136.33x7.35x19.3x3.03% 476.28Cr
Average 42.69x 10.52x 19.37x 4.26% 2.81TCr
Weighted average by Cap. 79.39x 11.47x 28.02x 2.41%

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