Company Valuation: Icade

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,776 3,044 2,693 1,741 1,668 1,468 - -
Change - -36.26% -11.54% -35.33% -4.21% -12% - -
Enterprise Value (EV) 1 11,709 9,921 6,141 5,195 5,114 4,510 4,289 3,813
Change - -15.28% -38.1% -15.41% -1.55% -11.81% -4.9% -11.12%
P/E 11.8x 56.4x -2.15x -6.31x -13.6x -9.48x 17.7x 5.93x
PBR 0.71x 0.46x 0.54x 0.4x 0.43x 0.38x 0.38x 0.37x
PEG - -0.7x 0x 0.1x 0.2x -0.4x -0x 0x
Capitalization / Revenue 2.88x 1.68x 1.76x 1.11x 1.15x 1.13x 1.11x 1.06x
EV / Revenue 7.05x 5.46x 4.02x 3.3x 3.53x 3.47x 3.24x 2.76x
EV / EBITDA 18.7x 15.3x 21.7x 21.7x 17.5x 15.8x 15.4x 13.3x
EV / EBIT 14.6x 25.9x 22.7x 18.7x 17.4x 15.5x 15x 13.8x
EV / FCF -23.5x -42.4x 4.66x 31.3x 21.6x 4.69x 5.16x 34.3x
FCF Yield -4.25% -2.36% 21.5% 3.2% 4.63% 21.3% 19.4% 2.91%
Dividend per Share 2 4.2 4.33 4.84 4.31 1.92 1.953 1.943 1.707
Rate of return 6.66% 10.8% 13.6% 18.8% 8.73% 10.1% 10% 8.82%
EPS 2 5.328 0.7136 -16.5 -3.64 -1.62 -2.042 1.094 3.264
Distribution rate 78.8% 607% -29.3% -118% -119% -95.6% 178% 52.3%
Net sales 1 1,661 1,816 1,528 1,572 1,450 1,300 1,324 1,379
EBITDA 1 625.5 650.3 283 239 292.5 285.3 278.6 286.1
EBIT 1 800.6 382.5 270.1 277.5 294.6 291 285.6 275.8
Net income 1 400.1 54.1 -1,250 -275.9 -123 14.7 153.5 243.3
Net Debt 1 6,933 6,876 3,448 3,454 3,446 3,042 2,821 2,345
Reference price 2 63.10 40.24 35.54 22.98 22.00 19.36 19.36 19.36
Nbr of stocks (in thousands) 75,691 75,652 75,770 75,778 75,825 75,826 - -
Announcement Date 21/02/22 20/02/23 19/02/24 18/02/25 17/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.12x13.59x15.96x5.06% 1.65TCr
15.18x15.22x16.25x4.79% 681.16Cr
23.47x14.25x15.77x4.17% 662.15Cr
8.65x13.65x17.7x6.4% 646.05Cr
10.1x17.36x20.84x7.63% 625.97Cr
11.57x14.77x15.93x6.73% 591.23Cr
7.73x13.81x17.68x5.85% 567.54Cr
12.08x11.51x13.11x5.39% 486.32Cr
Average 14.24x 14.27x 16.66x 5.75% 738.2Cr
Weighted average by Cap. 16.29x 14.23x 16.61x 5.62%

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