Company Valuation: Bourse Direct

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 188.7 280.5 224.5 227.6 291.1 - -
Change - 48.65% -19.97% 1.38% 27.89% - -
Enterprise Value (EV) 1 188.7 224 267.1 280.4 228.6 222.6 213.9
Change - 18.71% 19.24% 4.97% -18.48% -2.62% -3.91%
P/E 31.1x 17.5x 11.8x 11.6x 12.5x 11.8x 11.3x
PBR - - - - - - -
PEG - 0x 0.5x 4.29x 0.7x 1.77x 2.71x
Capitalization / Revenue - 4.1x 2.94x 2.95x 3.6x 3.51x 3.42x
EV / Revenue - 3.27x 3.5x 3.63x 2.83x 2.68x 2.51x
EV / EBITDA - 8.89x 9.09x 9.32x 6.88x 6.43x 5.97x
EV / EBIT - 10.3x 10.3x 10.5x 7.37x 6.83x 6.25x
EV / FCF - 10.1x 16.4x 17.6x 14.1x 11.4x 9.26x
FCF Yield - 9.93% 6.09% 5.69% 7.09% 8.76% 10.8%
Dividend per Share 2 - - 0.2 0.24 0.26 0.28 0.3
Rate of return - - 4.6% 5.44% 4.61% 4.96% 5.32%
EPS 2 0.11 0.3 0.37 0.38 0.45 0.48 0.5
Distribution rate - - 54.1% 63.2% 57.8% 58.3% 60%
Net sales 1 - 68.5 76.4 77.2 80.9 82.9 85.1
EBITDA 1 - 25.19 29.4 30.1 33.2 34.6 35.8
EBIT 1 - 21.82 26 26.7 31 32.6 34.2
Net income 1 5.685 15.9 19.1 19.7 23 24.2 25.4
Net Debt 1 - -56.49 42.62 52.8 -62.5 -68.5 -77.2
Reference price 2 3.420 5.260 4.350 4.410 5.640 5.640 5.640
Nbr of stocks (in thousands) 55,179 53,330 51,609 51,609 51,609 - -
Announcement Date 20/04/23 23/02/24 28/02/25 20/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.53x2.83x6.88x4.61% 34Cr
22.42x9.84x14.63x1.32% 9.05TCr
25.47x15.38x18.96x3.43% 6.59TCr
22.42x8.41x14.03x1.69% 5.89TCr
28.45x5.27x10.5x1.88% 5.77TCr
27.21x10.54x17.58x1.24% 5.42TCr
32.07x15.12x23.28x1.99% 2.13TCr
21.61x8.44x13.39x2.32% 1.89TCr
14.12x7.69x10.96x6.54% 1.69TCr
24.16x8.71x15.11x1.82% 1.08TCr
Average 23.05x 9.22x 14.53x 2.68% 3.96TCr
Weighted average by Cap. 24.63x 10.07x 15.32x 2.12%

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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  2. Stocks
  3. BSD Stock
  4. Valuation Bourse Direct