Company Valuation: CPI Property Group

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 6,083 6,362 7,997 8,033 6,756 6,528
Change - 4.59% 25.69% 0.46% -15.89% -3.38%
Enterprise Value (EV) 1 10,277 10,993 18,576 18,232 15,804 15,352
Change - 6.97% 68.98% -1.85% -13.32% -2.86%
P/E 36.5x 4.87x 18.1x -8.92x -25.4x 78x
PBR 1.41x 1.06x 1.19x 1.43x 1.34x 1.3x
PEG - 0x -0.3x 0x 0.4x -1x
Capitalization / Revenue 9.77x 9.58x 6.24x 4.74x 4.15x 4.58x
EV / Revenue 16.5x 16.6x 14.5x 10.8x 9.72x 10.8x
EV / EBITDA 34.9x 33.9x 36.9x 26.3x 23.7x 24.4x
EV / EBIT 39.7x 37.8x 40.4x 28.1x 24.7x 25.1x
EV / FCF 94x -39.7x 55.2x 624x 26.8x -78.6x
FCF Yield 1.06% -2.52% 1.81% 0.16% 3.73% -1.27%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.02 0.1478 0.05 -0.1043 -0.0311 0.009999
Distribution rate - - - - - -
Net sales 1 622.6 663.8 1,282 1,694 1,626 1,426
EBITDA 1 294.3 324.6 503.6 693.7 666.7 629.9
EBIT 1 259 290.7 460.3 647.9 639.3 610.8
Net income 1 240.9 1,278 533.6 -823.9 -192.5 185.6
Net Debt 1 4,194 4,631 10,579 10,199 9,047 8,823
Reference price 2 0.7300 0.7200 0.9050 0.9300 0.7900 0.7800
Nbr of stocks (in thousands) 83,32,414 88,35,915 88,35,915 86,37,850 85,52,523 83,69,604
Announcement Date 31/03/21 31/03/22 31/03/23 29/03/24 01/04/25 31/03/26
1EUR in Million2EUR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 698.49Cr
15.51x4.92x13.25x3.27% 4.42TCr
18.25x4x16.07x1.34% 2.85TCr
8.37x1.53x7.99x4.29% 2.77TCr
14.38x3.1x14.83x2.51% 2.6TCr
5.5x0.66x1.4x9.09% 2.65TCr
10.51x2.12x9.04x4% 2.11TCr
7.81x0.86x3.15x2.86% 2TCr
13.23x6.43x16.91x1.65% 1.92TCr
10.05x1.48x12.38x3.81% 1.84TCr
Average 11.51x 2.79x 10.56x 3.65% 2.39TCr
Weighted average by Cap. 11.98x 2.96x 10.77x 3.67%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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