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 1,486 - -
Change - -36.26% -11.54% -35.33% -4.21% -10.91% - -
Enterprise Value (EV) 1 11,709 9,921 6,141 5,195 5,114 4,538 4,310 4,002
Change - -15.28% -38.1% -15.41% -1.55% -11.27% -5.02% -7.15%
P/E 11.8x 56.4x -2.15x -6.31x -13.6x -16.8x 30.3x 6.82x
PBR 0.71x 0.46x 0.54x 0.4x 0.43x 0.41x 0.39x 0.39x
PEG - -0.7x 0x 0.1x 0.2x 0.6x -0x 0x
Capitalization / Revenue 2.88x 1.68x 1.76x 1.11x 1.15x 1.15x 1.11x 1.07x
EV / Revenue 7.05x 5.46x 4.02x 3.3x 3.53x 3.51x 3.22x 2.88x
EV / EBITDA 18.7x 15.3x 21.7x 21.7x 17.5x 17.8x 16.5x 14.9x
EV / EBIT 14.6x 25.9x 22.7x 18.7x 17.4x 15.7x 14.4x 13.7x
EV / FCF -23.5x -42.4x 4.66x 31.3x 21.6x 6.8x 8.64x 7x
FCF Yield -4.25% -2.36% 21.5% 3.2% 4.63% 14.7% 11.6% 14.3%
Dividend per Share 2 4.2 4.33 4.84 4.31 1.92 1.767 1.839 1.941
Rate of return 6.66% 10.8% 13.6% 18.8% 8.73% 9.02% 9.38% 9.9%
EPS 2 5.328 0.7136 -16.5 -3.64 -1.62 -1.166 0.6475 2.876
Distribution rate 78.8% 607% -29.3% -118% -119% -152% 284% 67.5%
Net sales 1 1,661 1,816 1,528 1,572 1,450 1,292 1,338 1,388
EBITDA 1 625.5 650.3 283 239 292.5 255.3 261.1 269.1
EBIT 1 800.6 382.5 270.1 277.5 294.6 289.5 299.1 293
Net income 1 400.1 54.1 -1,250 -275.9 -123 -56.05 129.7 187.7
Net Debt 1 6,933 6,876 3,448 3,454 3,446 3,052 2,824 2,516
Reference price 2 63.10 40.24 35.54 22.98 22.00 19.60 19.60 19.60
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.($)
24.65x13.76x16.05x5.12% 1.66TCr
9.14x14.3x18.51x5.9% 709.01Cr
15.05x15.19x16.29x4.81% 686.34Cr
23.61x14.92x16.23x4.06% 673.69Cr
9.44x17.18x20.76x7.42% 644.65Cr
10.66x15.01x16.11x6.65% 615.68Cr
8.94x14.22x18.36x5.55% 612.03Cr
11.95x11.56x13.14x5.34% 495.65Cr
Average 14.18x 14.52x 16.93x 5.61% 762.26Cr
Weighted average by Cap. 16.02x 14.47x 16.88x 5.52%

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