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 5,684 - -
Change - -27.59% 0.18% -11.7% 20.1% 77.1% - -
Enterprise Value (EV) 1 6,238 5,460 5,289 5,167 5,673 10,670 10,394 10,801
Change - -12.47% -3.13% -2.29% 9.78% 88.1% -2.59% 3.92%
P/E 14.2x 8.7x 114x 13x 13.1x 8.11x 10.5x 10.1x
PBR 1.5x 0.92x 0.85x 0.73x 0.88x 0.81x 0.81x 0.78x
PEG - 1.16x -1.2x 0x 0.7x 0.1x -0.5x 2.57x
Capitalization / Revenue 18x 11.1x 9.63x 7.9x 8.89x 8.39x 7.5x 7.3x
EV / Revenue 26.9x 20x 16.8x 15.3x 15.7x 15.7x 13.7x 13.9x
EV / EBITDA 32.3x 23.8x 19.9x 17.8x 18.2x 18.7x 15.6x 15.6x
EV / EBIT 32.3x 23.8x 19.9x 17.8x 18.2x 18.5x 15.2x 15.6x
EV / FCF -54.5x - -181x 10.2x 32.6x 351x 17.8x 17.9x
FCF Yield -1.83% - -0.55% 9.83% 3.06% 0.28% 5.62% 5.59%
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% 6.14% 6.34% 6.51%
EPS 2 8.1 8.71 0.56 4.31 5.14 8.399 6.505 6.761
Distribution rate 42% 42.5% 679% 90.5% 77.8% 49.8% 66.3% 65.6%
Net sales 1 232.1 273.1 314.2 338.1 361 677.6 757.5 778.3
EBITDA 1 193.3 229.7 265.8 290.3 312.1 571.4 665.3 693.5
EBIT 1 193.3 229.7 265.8 290.3 312.1 576.2 685.9 691.9
Net income 1 281.8 331.8 24.54 204.8 244.4 696.2 611.3 625.9
Net Debt 1 2,066 2,439 2,262 2,495 2,463 4,986 4,710 5,117
Reference price 2 114.90 75.80 63.65 56.20 67.50 68.10 68.10 68.10
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.($)
8.11x15.75x18.67x6.14% 658.97Cr
83.62x13.25x35.48x1.31% 17TCr
172.2x8.57x23.53x2.26% 4.72TCr
49.75x7.83x13.96x5.9% 1.44TCr
19.13x16.82x15.18x5.77% 1.42TCr
93.56x4.68x25.32x1.79% 1.31TCr
26.3x17.38x18.89x3.91% 943.52Cr
-195.69x9.54x16.1x4.96% 663.51Cr
40.51x8.6x15.45x5.74% 534.94Cr
135.93x7.33x19.26x3.04% 481.54Cr
Average 43.34x 10.97x 20.18x 4.08% 2.95TCr
Weighted average by Cap. 83.76x 11.95x 29.12x 2.3%

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