Company Valuation: Cegedim

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331.1 198.9 243.6 174.8 186.6 143.4 - -
Change - -39.93% 22.47% -28.22% 6.71% -23.16% - -
Enterprise Value (EV) 1 582.4 427.9 482.1 359.3 418.8 305.5 277.1 245.7
Change - -26.53% 12.65% -25.46% 16.55% -27.06% -9.3% -11.35%
P/E 12.6x 14.6x -35.7x -11.6x 19.4x 6.85x 5.22x 4.5x
PBR 1.43x 0.7x 0.83x 0.62x 0.66x 0.49x 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 1.82x 1.55x
EV / EBIT 14.6x 16.7x 15.2x 9.1x 11x 5.86x 4.67x 3.84x
EV / FCF 24.1x 41.4x 21.5x 30.1x 8.07x 13.2x 9.91x 7.95x
FCF Yield 4.15% 2.42% 4.65% 3.32% 12.4% 7.56% 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 10.44 10.44 10.44
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.($)
6.85x0.46x2.17x-.--% 17Cr
24.42x6.52x11.64x1.31% 45TCr
24.89x4.98x15.67x1.53% 23TCr
82.37x8.01x21.44x-.--% 13TCr
38.88x3.64x13.37x0.17% 4.81TCr
-24.88x80.7x696.68x-.--% 3.73TCr
29.42x11.51x18.8x-.--% 2.4TCr
37.2x2.46x22.37x-.--% 2.04TCr
104.82x10.03x40.8x-.--% 1.52TCr
-1488.75x3.68x12.32x - 1.34TCr
Average -116.48x 13.20x 85.53x 0.33% 9.74TCr
Weighted average by Cap. 11.98x 9.10x 41.13x 0.99%

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