Valuation Icade

Stocks

Market Closed - Euronext Paris 09:25:00 10/09/2026 pm IST			After hours 10:46:40 pm
17.10 ^EUR	-0.75%		17.08	-0.15%

28/08	Listen to the yellow birds
07/08	Icade: FFO expected to catch up from 2027

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	1,306	-	-
Change	-	-36.26%	-11.54%	-35.33%	-4.21%	-21.68%	-	-
Enterprise Value (EV) ¹	11,709	9,921	6,141	5,195	5,114	4,358	4,131	3,823
Change	-	-15.28%	-38.1%	-15.41%	-1.55%	-14.78%	-5.22%	-7.45%
P/E	11.8x	56.4x	-2.15x	-6.31x	-13.6x	-9.76x	13.7x	5.99x
PBR	0.71x	0.46x	0.54x	0.4x	0.43x	0.37x	0.35x	0.34x
PEG	-	-0.7x	0x	0.1x	0.2x	-1.08x	-0x	0x
Capitalization / Revenue	2.88x	1.68x	1.76x	1.11x	1.15x	1.01x	0.98x	0.94x
EV / Revenue	7.05x	5.46x	4.02x	3.3x	3.53x	3.37x	3.09x	2.75x
EV / EBITDA	18.7x	15.3x	21.7x	21.7x	17.5x	16.2x	15.8x	14.2x
EV / EBIT	14.6x	25.9x	22.7x	18.7x	17.4x	14.6x	13.9x	13x
EV / FCF	-23.5x	-42.4x	4.66x	31.3x	21.6x	6.53x	8.28x	6.68x
FCF Yield	-4.25%	-2.36%	21.5%	3.2%	4.63%	15.3%	12.1%	15%
Dividend per Share ²	4.2	4.33	4.84	4.31	1.92	1.766	1.838	1.936
Rate of return	6.66%	10.8%	13.6%	18.8%	8.73%	10.3%	10.7%	11.2%
EPS ²	5.328	0.7136	-16.5	-3.64	-1.62	-1.766	1.256	2.876
Distribution rate	78.8%	607%	-29.3%	-118%	-119%	-100%	146%	67.3%
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	268.4	261.4	269.3
EBIT ¹	800.6	382.5	270.1	277.5	294.6	298.3	296.7	293
Net income ¹	400.1	54.1	-1,250	-275.9	-123	-76.37	130.7	184.2
Net Debt ¹	6,933	6,876	3,448	3,454	3,446	3,052	2,824	2,517
Reference price ²	63.10	40.24	35.54	22.98	22.00	17.23	17.23	17.23
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

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ICADE	-9.76x	3.37x	16.24x	10.25%	151.83Cr
W. P. CAREY INC.	23.22x	13.38x	15.62x	5.35%	1.59TCr
LAND SECURITIES PLC	8.06x	13.56x	17.5x	6.52%	647.14Cr
ESSENTIAL PROPERTIES REALTY TRUST, INC.	22.47x	14.14x	15.86x	4.29%	639.74Cr
THE GPT GROUP	11.75x	14.27x	15.21x	5.43%	621.58Cr
GECINA	9.5x	16.39x	19.75x	8.44%	571.05Cr
LONDONMETRIC PROPERTY PLC	9.75x	14.27x	15.33x	7.22%	569.2Cr
THE BRITISH LAND COMPANY PLC	8.22x	13.63x	17.49x	6.06%	563.65Cr
MIRVAC GROUP	12.32x	11.17x	12.79x	5.62%	510.73Cr
Average	10.62x	12.69x	16.20x	6.58%	652.05Cr
Weighted average by Cap.	14.37x	13.53x	16.13x	6.07%