Company Valuation: Assystem

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 554.4 600.4 736.4 701.6 634.2 622.5 - -
Change - 8.3% 22.65% -4.73% -9.6% -1.84% - -
Enterprise Value (EV) 1 653.7 651.3 788.6 750.9 693.9 661.8 648.6 613
Change - -0.37% 21.08% -4.79% -7.59% -4.62% -1.99% -5.5%
P/E 16.4x 12.5x 7.29x 87.9x 85.7x 15.5x 14x 12.9x
PBR 1.57x 1.82x 1.53x 2.35x 2.21x 1.98x 1.82x 1.67x
PEG - 0.3x 0x -1x -10.86x 0x 1.3x 1.49x
Capitalization / Revenue 1.15x 1.22x 1.28x 1.15x 0.97x 0.92x 0.89x 0.85x
EV / Revenue 1.35x 1.32x 1.37x 1.23x 1.06x 0.98x 0.93x 0.84x
EV / EBITDA 14.8x 13.7x 13.9x 13.1x 11.2x 10.4x 9.8x 8.95x
EV / EBIT 21.4x 20.9x 18.7x 30.9x 15.4x 13.9x 13.1x 11.7x
EV / FCF 97.6x 20.6x 25.4x 21.7x 16.4x 16.8x 15.7x 13.8x
FCF Yield 1.02% 4.85% 3.93% 4.61% 6.08% 5.94% 6.35% 7.25%
Dividend per Share 2 1 1 - 1 1 0.97 0.97 1.003
Rate of return 2.67% 2.46% - 2.1% 2.34% 2.31% 2.31% 2.39%
EPS 2 2.281 3.242 6.789 0.5408 0.4981 2.702 2.987 3.245
Distribution rate 43.8% 30.8% - 185% 201% 35.9% 32.5% 30.9%
Net sales 1 483.1 493.5 577.5 611.3 656.6 674.8 700.5 730.1
EBITDA 1 44.1 47.5 56.9 57.1 61.8 63.87 66.19 68.45
EBIT 1 30.5 31.2 42.1 24.3 45 47.62 49.57 52.28
Net income 1 34.2 48.9 102 8.3 7.4 42.15 46.15 50.7
Net Debt 1 99.3 50.9 52.2 49.3 59.7 39.3 26.14 -9.506
Reference price 2 37.50 40.60 49.50 47.55 42.70 41.95 41.95 41.95
Nbr of stocks (in thousands) 14,785 14,788 14,877 14,754 14,852 14,839 - -
Announcement Date 15/03/22 14/03/23 13/03/24 18/03/25 10/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.52x0.98x10.36x2.31% 71Cr
64.77x2.8x27.37x0.07% 9.39TCr
13.15x1.06x5.84x4.46% 7.12TCr
35.8x4.43x23.98x0.18% 6.09TCr
25.13x1.93x18.7x1.24% 5.41TCr
55.22x4.6x29.38x1.67% 4.57TCr
32.28x0.77x12.79x1.95% 3.83TCr
27.07x0.53x8.47x2.2% 3.46TCr
25.42x1.65x15.87x0.19% 3.31TCr
4.84x0.3x5.82x5.89% 2.87TCr
Average 29.92x 1.90x 15.86x 2.02% 4.61TCr
Weighted average by Cap. 35.23x 2.24x 17.96x 1.75%

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