Company Valuation: Cegedim

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331.1 198.9 243.6 174.8 186.6 151.6 - -
Change - -39.93% 22.47% -28.22% 6.71% -18.75% - -
Enterprise Value (EV) 1 582.4 427.9 482.1 359.3 418.8 329.7 301.3 260.1
Change - -26.53% 12.65% -25.46% 16.55% -21.27% -8.61% -13.67%
P/E 12.6x 14.6x -35.7x -11.6x 19.4x 7.52x 5x 4.69x
PBR 1.43x 0.7x 0.83x 0.62x 0.66x 0.52x 0.47x 0.45x
PEG - -0.3x 0x -0x -0x 0x 0.1x 0.71x
Capitalization / Revenue 0.63x 0.36x 0.4x 0.27x 0.29x 0.23x 0.22x 0.22x
EV / Revenue 1.11x 0.77x 0.78x 0.55x 0.65x 0.5x 0.44x 0.37x
EV / EBITDA 5.56x 4.45x 4.43x 2.91x 3.4x 2.36x 2.03x 1.68x
EV / EBIT 14.6x 16.7x 15.2x 9.1x 11x 6.4x 5.27x 4.25x
EV / FCF 24.1x 41.4x 21.5x 30.1x 8.07x 13.9x 10.6x 8.32x
FCF Yield 4.15% 2.42% 4.65% 3.32% 12.4% 7.22% 9.44% 12%
Dividend per Share 2 0.5 - - - - - - 0.4419
Rate of return 2.08% - - - - - - 4%
EPS 2 1.9 1 -0.5 -1.1 0.7 1.469 2.207 2.353
Distribution rate 26.3% - - - - - - 18.8%
Net sales 1 524.7 555.6 616 654.5 649.2 660.4 681.2 703
EBITDA 1 104.7 96.2 108.8 123.6 123.3 139.8 148.5 154.9
EBIT 1 39.9 25.67 31.67 39.48 38.09 51.54 57.13 61.15
Net income 1 26.22 13.62 -7.407 -14.71 9.398 21.25 30.58 32.58
Net Debt 1 251.3 229 238.5 184.5 232.3 178.2 149.8 108.5
Reference price 2 24.00 14.56 17.86 12.75 13.55 11.04 11.04 11.04
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.52x0.5x2.36x-.--% 17Cr
23.41x6.28x11.34x1.37% 43TCr
18.65x3.88x12.14x1.99% 18TCr
49.43x5.83x16.02x-.--% 10TCr
33.47x3.17x11.43x0.2% 4.21TCr
2.65x69.79x594.29x-.--% 2.89TCr
31.18x12.18x19.86x-.--% 2.74TCr
30.47x1.83x16.71x-.--% 1.57TCr
22.57x3.23x10.9x - 1.18TCr
18.36x3.15x11.58x2.85% 969.5Cr
Average 23.77x 10.98x 70.66x 0.71% 8.45TCr
Weighted average by Cap. 25.62x 7.77x 32.41x 1.18%

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