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 1,612 - -
Change - 41.8% -5.68% -19.33% -25.22% 9.01% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 1,975 1,874 1,707
Change - 20.84% 3.72% -20.34% -14.45% 7.51% -5.12% -8.88%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 7.91x 7.24x 6.79x
PBR 1.37x 1.75x 1.73x 1.25x 0.94x 0.95x 0.93x 0.84x
PEG - 0.7x -0.7x 0.3x -0.96x 0.6x 0.78x 1.02x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.63x 0.61x 0.59x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.77x 0.71x 0.63x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 4.94x 4.42x 3.83x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 6.42x 5.69x 4.91x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 9.97x 8.52x 7.06x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 10% 11.7% 14.2%
Dividend per Share 2 1.15 1.35 1.65 1.85 2 2.134 2.303 2.45
Rate of return 2.79% 2.31% 2.91% 4.03% 5.84% 5.56% 6% 6.38%
EPS 2 4.04 4.74 3.59 4.66 4.27 4.854 5.302 5.654
Distribution rate 28.5% 28.5% 46% 39.7% 46.8% 44% 43.4% 43.3%
Net sales 1 2,147 2,405 2,390 2,441 2,525 2,566 2,642 2,723
EBITDA 1 357.2 402.9 434.1 410.7 410.6 399.8 424.1 445.3
EBIT 1 277.4 314.7 312.4 319.5 309.3 307.8 329.3 347.4
Net income 1 183.9 215.2 159.7 204.5 186.6 196 222 237.1
Net Debt 1 317.8 - 244.3 169.8 358.3 363.1 262 95.75
Reference price 2 41.25 58.50 56.75 45.92 34.26 38.40 38.40 38.40
Nbr of stocks (in thousands) 44,424 44,419 43,186 43,057 43,153 41,968 - -
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.($)
14.09x1.55x7.03x3.97% 2.85TCr
10.02x1.11x6.18x3.99% 2.36TCr
12.58x5.59x10.17x6.95% 1.14TCr
16.27x1.3x4.08x2.9% 586.76Cr
45.58x0.74x4.42x3.65% 586.29Cr
-54.81x1.72x7.29x0% 489.04Cr
14.58x0.49x4.85x1.64% 397.68Cr
35.82x4.66x12.68x-.--% 348.52Cr
Average 11.77x 2.14x 7.09x 2.89% 1.09TCr
Weighted average by Cap. 12.09x 1.97x 6.98x 3.79%

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