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 1,715 - -
Change - 41.8% -5.68% -19.33% -25.22% 15.97% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 2,087 1,999 1,841
Change - 20.84% 3.72% -20.34% -14.45% 13.65% -4.24% -7.89%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 8.41x 7.72x 7.23x
PBR 1.37x 1.75x 1.73x 1.25x - 0.99x 0.97x 0.88x
PEG - 0.7x -0.7x 0.3x -0.96x 0.7x 0.86x 1.09x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.67x 0.65x 0.63x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.81x 0.76x 0.68x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 5.28x 4.76x 4.17x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 6.81x 6.1x 5.31x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 11.6x 10.2x 8.36x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 8.63% 9.8% 12%
Dividend per Share 2 1.15 1.35 1.65 1.85 2 2.14 2.318 2.472
Rate of return 2.79% 2.31% 2.91% 4.03% 5.84% 5.34% 5.78% 6.16%
EPS 2 4.04 4.74 3.59 4.66 4.27 4.767 5.197 5.543
Distribution rate 28.5% 28.5% 46% 39.7% 46.8% 44.9% 44.6% 44.6%
Net sales 1 2,147 2,405 2,390 2,441 2,525 2,562 2,638 2,722
EBITDA 1 357.2 402.9 434.1 410.7 410.6 395.4 419.5 441.1
EBIT 1 277.4 314.7 312.4 319.5 309.3 306.5 327.8 346.4
Net income 1 183.9 215.2 159.7 204.5 186.6 195 217.7 233
Net Debt 1 317.8 - 244.3 169.8 358.3 372.8 284.2 126.6
Reference price 2 41.25 58.50 56.75 45.92 34.26 40.10 40.10 40.10
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.61x1.38x6.24x4.43% 2.51TCr
8.92x1.04x5.56x4.53% 2.27TCr
12.05x5.31x9.64x7.28% 1.08TCr
16.04x1.22x4.14x3.13% 532.18Cr
16.37x0.57x5.57x1.47% 435.09Cr
8.8x0.64x3.86x5.31% 406.5Cr
-33.42x1.36x5.77x-.--% 317.27Cr
17.18x0.37x5.19x2.57% 272.84Cr
Average 7.32x 1.49x 5.75x 3.59% 978.71Cr
Weighted average by Cap. 10.00x 1.70x 6.15x 4.4%

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