Company Valuation: Ipsos

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,832 2,598 2,451 1,977 1,478 1,563 - -
Change - 41.8% -5.68% -19.33% -25.22% 5.73% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 1,920 1,841 1,680
Change - 20.84% 3.72% -20.34% -14.45% 4.54% -4.11% -8.75%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 7.63x 6.94x 6.5x
PBR 1.37x 1.75x 1.73x 1.25x - 0.93x 0.89x 0.81x
PEG - 0.7x -0.7x 0.3x -0.96x 0.6x 0.7x 0.95x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.61x 0.59x 0.58x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.75x 0.7x 0.62x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 4.86x 4.4x 3.82x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 6.23x 5.62x 4.85x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 9.69x 9.42x 7.66x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 10.3% 10.6% 13.1%
Dividend per Share 2 1.15 1.35 1.65 1.85 2 2.115 2.298 2.46
Rate of return 2.79% 2.31% 2.91% 4.03% 5.84% 5.78% 6.29% 6.73%
EPS 2 4.04 4.74 3.59 4.66 4.27 4.792 5.267 5.628
Distribution rate 28.5% 28.5% 46% 39.7% 46.8% 44.1% 43.6% 43.7%
Net sales 1 2,147 2,405 2,390 2,441 2,525 2,557 2,633 2,715
EBITDA 1 357.2 402.9 434.1 410.7 410.6 395 418.3 439.8
EBIT 1 277.4 314.7 312.4 319.5 309.3 308.2 327.5 346.1
Net income 1 183.9 215.2 159.7 204.5 186.6 201 218.3 234.3
Net Debt 1 317.8 - 244.3 169.8 358.3 357 278 116.9
Reference price 2 41.25 58.50 56.75 45.92 34.26 36.56 36.56 36.56
Nbr of stocks (in thousands) 44,424 44,419 43,186 43,057 43,153 42,757 - -
Announcement Date 23/02/22 15/02/23 21/02/24 26/02/25 24/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.36x1.35x6.11x4.54% 2.47TCr
8.92x1.04x5.55x4.39% 2.26TCr
12.27x5.41x9.82x7.16% 1.1TCr
16.17x1.23x4.18x3.1% 537.83Cr
16.55x0.58x5.71x1.46% 438.99Cr
8.6x0.63x3.82x5.43% 398.25Cr
-33.05x1.36x5.74x-.--% 313.73Cr
17.09x0.36x5.16x2.59% 272.4Cr
Average 7.36x 1.50x 5.76x 3.58% 974.09Cr
Weighted average by Cap. 9.99x 1.71x 6.15x 4.39%

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