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 1,467 - -
Change - -36.26% -11.54% -35.33% -4.21% -12.04% - -
Enterprise Value (EV) 1 11,709 9,921 6,141 5,195 5,114 4,519 4,283 3,964
Change - -15.28% -38.1% -15.41% -1.55% -11.65% -5.22% -7.44%
P/E 11.8x 56.4x -2.15x -6.31x -13.6x -11.8x 29.5x 6.68x
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 -8.72x -0x 0x
Capitalization / Revenue 2.88x 1.68x 1.76x 1.11x 1.15x 1.14x 1.1x 1.06x
EV / Revenue 7.05x 5.46x 4.02x 3.3x 3.53x 3.5x 3.2x 2.86x
EV / EBITDA 18.7x 15.3x 21.7x 21.7x 17.5x 17.7x 16x 14.7x
EV / EBIT 14.6x 25.9x 22.7x 18.7x 17.4x 14.9x 14.5x 13.7x
EV / FCF -23.5x -42.4x 4.66x 31.3x 21.6x 6.77x 8.58x 6.93x
FCF Yield -4.25% -2.36% 21.5% 3.2% 4.63% 14.8% 11.7% 14.4%
Dividend per Share 2 4.2 4.33 4.84 4.31 1.92 1.755 1.983 1.829
Rate of return 6.66% 10.8% 13.6% 18.8% 8.73% 9.07% 10.2% 9.45%
EPS 2 5.328 0.7136 -16.5 -3.64 -1.62 -1.642 0.6555 2.896
Distribution rate 78.8% 607% -29.3% -118% -119% -107% 302% 63.1%
Net sales 1 1,661 1,816 1,528 1,572 1,450 1,292 1,338 1,388
EBITDA 1 625.5 650.3 283 239 292.5 255.3 267.2 269.4
EBIT 1 800.6 382.5 270.1 277.5 294.6 302.9 295.1 288.5
Net income 1 400.1 54.1 -1,250 -275.9 -123 -123.4 87.3 154.4
Net Debt 1 6,933 6,876 3,448 3,454 3,446 3,051 2,816 2,497
Reference price 2 63.10 40.24 35.54 22.98 22.00 19.35 19.35 19.35
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.($)
25.95x13.87x16.28x4.9% 1.7TCr
24.52x15.2x16.56x3.97% 690.56Cr
8.96x14.15x18.31x6.02% 688.93Cr
14.7x14.95x16.04x4.93% 669.88Cr
9.33x17.1x20.6x7.52% 629.74Cr
10.75x15.08x16.19x6.6% 614.9Cr
8.87x14.15x18.27x5.6% 601.43Cr
20.84x10.55x13.27x5.82% 485.29Cr
Average 15.49x 14.38x 16.94x 5.67% 759.78Cr
Weighted average by Cap. 17.26x 14.39x 16.91x 5.51%

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