Valuation Amundi

Equities

Market Closed - Euronext Paris Other stock markets 10:25:00 19/01/2026 pm IST			5-day change	1st Jan Change
74.35 ^EUR	-0.93%		-0.13%	+5.31%

08/01	Peace Was Cheaper
08/01	The "next move" is causing some tension in the financial markets

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	13,451	14,686	10,791	12,526	13,126	15,150	15,150	-
Change	-	9.19%	-26.52%	16.08%	4.79%	15.42%	0%	-
Enterprise Value (EV) ¹	16,723	15,857	10,791	13,903	13,789	14,072	13,778	13,366
Change	-	-5.18%	-31.95%	28.84%	-0.82%	2.05%	-2.09%	-2.99%
P/E ratio	14.8x	10.7x	10x	10.8x	10.1x	9.99x	10.4x	10.3x
PBR	1.39x	1.38x	-	1.1x	1.09x	1.22x	1.16x	1.11x
PEG	-	0.2x	-0.5x	1.33x	0.9x	0.6x	-2.43x	12.39x
Capitalization / Revenue	5.18x	4.58x	3.44x	3.91x	3.75x	4.51x	4.43x	4.31x
EV / Revenue	6.44x	4.95x	3.44x	4.34x	3.94x	4.19x	4.03x	3.8x
EV / EBITDA	13.3x	9.51x	-	-	7.91x	8.49x	7.97x	7.59x
EV / EBIT	13.3x	9.49x	7.36x	9.28x	8.31x	8.75x	8.28x	7.96x
EV / FCF	13.8x	8.31x	-	9.33x	9.06x	10.8x	9.84x	9.4x
FCF Yield	7.22%	12%	-	10.7%	11%	9.27%	10.2%	10.6%
Dividend per Share ²	2.9	4.1	4.1	4.1	4.25	4.321	4.625	4.813
Rate of return	4.34%	5.65%	7.74%	6.66%	6.62%	5.81%	6.22%	6.47%
EPS ²	4.5	6.75	5.28	5.71	6.37	7.444	7.125	7.184
Distribution rate	64.4%	60.7%	77.7%	71.8%	66.7%	58%	64.9%	67%
Net sales ¹	2,595	3,204	3,137	3,204	3,497	3,359	3,421	3,515
EBITDA ¹	1,257	1,667	-	-	1,743	1,658	1,730	1,762
EBIT ¹	1,255	1,670	1,466	1,498	1,660	1,609	1,663	1,680
Net income ¹	910	1,369	1,074	1,165	1,305	1,527	1,442	1,447
Net Debt ¹	3,272	1,170	-	1,376	662.9	-1,078	-1,372	-1,784
Reference price ²	66.80	72.55	53.00	61.60	64.20	74.35	74.35	74.35
Nbr of stocks (in thousands)	2,01,362	2,02,433	2,03,604	2,03,350	2,04,461	2,03,768	2,03,768	-
Announcement Date	10/02/21	09/02/22	08/02/23	07/02/24	04/02/25	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
AMUNDI	10.08x	4.23x	8.57x	5.76%	1.77TCr
BLACKSTONE INC.	30.62x	10.73x	19.71x	2.84%	13TCr
KKR & CO. INC.	52.09x	15.15x	20.82x	0.56%	12TCr
ARES MANAGEMENT CORPORATION	33.83x	8.9x	22.05x	2.65%	3.74TCr
THE CARLYLE GROUP INC.	17.95x	6.1x	14.02x	2.14%	2.37TCr
ARES CAPITAL CORPORATION	10.78x	9.82x	-	9.19%	1.5TCr
FRANKLIN RESOURCES, INC.	12.46x	1.47x	5.75x	5.05%	1.36TCr
HDFC ASSET MANAGEMENT COMPANY LIMITED	37.59x	-	-	2.07%	1.23TCr
BLUE OWL CAPITAL INC.	18.64x	4.97x	10.29x	5.61%	1.06TCr
TPG INC.	38.03x	5.81x	10.89x	2.96%	1.03TCr
Average	26.20x	7.46x	14.01x	3.88%	3.86TCr
Weighted average by Cap.	34.41x	10.66x	18.33x	2.6%