Company Valuation: Cegedim

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331.1 198.9 243.6 174.8 186.6 143.9 - -
Change - -39.93% 22.47% -28.22% 6.71% -22.87% - -
Enterprise Value (EV) 1 582.4 427.9 482.1 359.3 418.8 306.1 277.7 246.2
Change - -26.53% 12.65% -25.46% 16.55% -26.92% -9.28% -11.33%
P/E 12.6x 14.6x -35.7x -11.6x 19.4x 6.87x 5.24x 4.52x
PBR 1.43x 0.7x 0.83x 0.62x 0.66x 0.5x 0.46x 0.43x
PEG - -0.3x 0x -0x -0x 0x 0.2x 0.3x
Capitalization / Revenue 0.63x 0.36x 0.4x 0.27x 0.29x 0.22x 0.21x 0.2x
EV / Revenue 1.11x 0.77x 0.78x 0.55x 0.65x 0.46x 0.41x 0.35x
EV / EBITDA 5.56x 4.45x 4.43x 2.91x 3.4x 2.17x 1.83x 1.55x
EV / EBIT 14.6x 16.7x 15.2x 9.1x 11x 5.87x 4.68x 3.85x
EV / FCF 24.1x 41.4x 21.5x 30.1x 8.07x 13.2x 9.93x 7.97x
FCF Yield 4.15% 2.42% 4.65% 3.32% 12.4% 7.55% 10.1% 12.6%
Dividend per Share 2 0.5 - - - - - - -
Rate of return 2.08% - - - - - - -
EPS 2 1.9 1 -0.5 -1.1 0.7 1.525 2 2.32
Distribution rate 26.3% - - - - - - -
Net sales 1 524.7 555.6 616 654.5 649.2 659.6 684 706.6
EBITDA 1 104.7 96.2 108.8 123.6 123.3 141 152 159
EBIT 1 39.9 25.67 31.67 39.48 38.09 52.15 59.35 63.9
Net income 1 26.22 13.62 -7.407 -14.71 9.398 21.3 28 32.3
Net Debt 1 251.3 229 238.5 184.5 232.3 162.2 133.8 102.3
Reference price 2 24.00 14.56 17.86 12.75 13.55 10.48 10.48 10.48
Nbr of stocks (in thousands) 13,796 13,660 13,638 13,712 13,768 13,731 - -
Announcement Date 24/03/22 23/03/23 27/03/24 27/03/25 26/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.65x6.19x11.06x1.41% 42TCr
23.76x4.75x14.86x1.6% 22TCr
76.47x7.43x19.88x-.--% 12TCr
38.47x3.66x13.21x0.17% 4.86TCr
-620.39x81.52x700.34x-.--% 3.75TCr
27.74x10.97x17.91x-.--% 2.26TCr
37.1x2.34x21.41x-.--% 1.96TCr
26.49x3.79x12.76x - 1.39TCr
91.65x8.73x37.43x-.--% 1.33TCr
Average -30.67x 14.38x 94.32x 0.4% 10.22TCr
Weighted average by Cap. 6.17x 8.98x 42.17x 1.05%

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