Company Valuation: Gecina

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,059 7,022 8,134 6,688 5,992 5,051 - -
Change - -22.49% 15.83% -17.78% -10.41% -15.7% - -
Enterprise Value (EV) 1 15,957 14,199 14,334 13,188 12,746 11,717 12,057 12,072
Change - -11.02% 0.95% -7.99% -3.36% -8.07% 2.9% 0.12%
P/E 10.7x 41.4x -4.56x 21.7x 13.4x 8.46x 8.75x 8.21x
PBR 0.7x 0.55x 0.77x 0.64x 0.57x 0.48x 0.47x 0.46x
PEG - -0.5x 0x -0x 0.3x 0.3x -2.71x 1.25x
Capitalization / Revenue 14.8x 11.2x 12.2x 9.63x 8.41x 7.08x 6.93x 6.61x
EV / Revenue 26x 22.7x 21.5x 19x 17.9x 16.4x 16.6x 15.8x
EV / EBITDA 33.5x 28.6x 26.8x 23.3x 21.6x 19.8x 20x 19x
EV / EBIT 34.3x 28.9x 28.4x 23.8x 21.9x 20x 19.9x 19x
EV / FCF 23.6x 64.9x 99.2x 90.8x 47.4x 24.1x 31.8x 17.8x
FCF Yield 4.23% 1.54% 1.01% 1.1% 2.11% 4.16% 3.14% 5.62%
Dividend per Share 2 5.3 5.3 5.3 5.45 5.5 5.607 5.678 5.847
Rate of return 4.31% 5.57% 4.81% 6.03% 6.8% 8.22% 8.33% 8.57%
EPS 2 11.53 2.299 -24.15 4.175 6.028 8.057 7.797 8.309
Distribution rate 46% 231% -21.9% 131% 91.2% 69.6% 72.8% 70.4%
Net sales 1 613.3 625.9 666.8 694.5 712.6 713.8 728.4 764.4
EBITDA 1 476.4 496.5 535 565.7 589.7 592.6 604 634.9
EBIT 1 464.6 491.5 505.3 554 582.2 585.9 607.2 635.2
Net income 1 849.3 169.6 -1,787 309.8 448.2 423.4 687.5 768.9
Net Debt 1 6,898 7,177 6,200 6,500 6,754 6,666 7,007 7,021
Reference price 2 122.90 95.15 110.10 90.45 80.90 68.20 68.20 68.20
Nbr of stocks (in thousands) 73,714 73,802 73,881 73,945 74,065 74,060 - -
Announcement Date 17/02/22 15/02/23 14/02/24 13/02/25 10/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.37x13.43x15.68x5.31% 1.6TCr
8.29x13.76x17.76x6.34% 664.01Cr
22.51x14.43x15.88x4.28% 641.03Cr
12.04x14.48x15.44x5.3% 636.55Cr
8.46x16.41x19.77x8.22% 586.98Cr
10.04x14.47x15.53x7.06% 584.01Cr
8.47x13.84x17.76x5.88% 579.28Cr
12.59x11.33x12.98x5.49% 521.92Cr
Average 13.22x 14.02x 16.35x 5.99% 727.14Cr
Weighted average by Cap. 15.02x 13.95x 16.28x 5.86%

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