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 4,847 - -
Change - -22.49% 15.83% -17.78% -10.41% -19.1% - -
Enterprise Value (EV) 1 15,957 14,199 14,334 13,188 12,746 11,630 11,841 11,861
Change - -11.02% 0.95% -7.99% -3.36% -8.75% 1.81% 0.18%
P/E 10.7x 41.4x -4.56x 21.7x 13.4x 9.24x 8.82x 7.81x
PBR 0.7x 0.55x 0.77x 0.64x 0.57x 0.45x 0.44x 0.44x
PEG - -0.5x 0x -0x 0.3x 0.6x 1.84x 0.6x
Capitalization / Revenue 14.8x 11.2x 12.2x 9.63x 8.41x 6.78x 6.68x 6.35x
EV / Revenue 26x 22.7x 21.5x 19x 17.9x 16.3x 16.3x 15.5x
EV / EBITDA 33.5x 28.6x 26.8x 23.3x 21.6x 19.6x 19.7x 18.8x
EV / EBIT 34.3x 28.9x 28.4x 23.8x 21.9x 19.8x 19.5x 18.7x
EV / FCF 23.6x 64.9x 99.2x 90.8x 47.4x 23.9x 31.2x 17.5x
FCF Yield 4.23% 1.54% 1.01% 1.1% 2.11% 4.19% 3.2% 5.72%
Dividend per Share 2 5.3 5.3 5.3 5.45 5.5 5.602 5.67 5.836
Rate of return 4.31% 5.57% 4.81% 6.03% 6.8% 8.68% 8.78% 9.04%
EPS 2 11.53 2.299 -24.15 4.175 6.028 6.983 7.319 8.267
Distribution rate 46% 231% -21.9% 131% 91.2% 80.2% 77.5% 70.6%
Net sales 1 613.3 625.9 666.8 694.5 712.6 715.3 725.7 763.2
EBITDA 1 476.4 496.5 535 565.7 589.7 592.3 602.3 632.2
EBIT 1 464.6 491.5 505.3 554 582.2 588.4 606.7 635.2
Net income 1 849.3 169.6 -1,787 309.8 448.2 369.2 643.8 645.9
Net Debt 1 6,898 7,177 6,200 6,500 6,754 6,783 6,993 7,014
Reference price 2 122.90 95.15 110.10 90.45 80.90 64.55 64.55 64.55
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.($)
9.24x16.17x19.52x8.68% 535.1Cr
21.87x12.69x15.16x5.81% 1.49TCr
8.45x14.5x18.76x6.22% 746.41Cr
13.4x15.47x16.5x4.76% 684.9Cr
21.51x13.51x14.92x4.64% 604.21Cr
8.41x14.04x17.89x5.67% 592.89Cr
10.44x14.86x15.83x6.9% 584.54Cr
13.28x11.87x13.55x5.2% 532.15Cr
18.44x10.17x12.7x6.22% 455.97Cr
19.83x15.26x23.19x5.38% 363.86Cr
Average 14.49x 13.85x 16.80x 5.95% 658.73Cr
Weighted average by Cap. 15.14x 13.76x 16.49x 5.91%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Gecina

Historical PBR trend

Valuation ratios - PBR - Gecina

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Gecina

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Gecina


Year-on-year evolution of the Yield

Valuation ratios - Yield - Gecina