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 1,491 - -
Change - 41.8% -5.68% -19.33% -25.22% 0.88% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 1,848 1,769 1,608
Change - 20.84% 3.72% -20.34% -14.45% 0.63% -4.27% -9.1%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 7.05x 6.41x 6x
PBR 1.37x 1.75x 1.73x 1.25x - 0.86x 0.82x 0.75x
PEG - 0.7x -0.7x 0.3x -0.96x 0.6x 0.65x 0.88x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.58x 0.57x 0.55x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.72x 0.67x 0.59x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 4.68x 4.23x 3.66x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 6x 5.4x 4.65x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 9.32x 9.05x 7.33x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 10.7% 11% 13.6%
Dividend per Share 2 1.15 1.35 1.65 1.85 2 2.085 2.257 2.46
Rate of return 2.79% 2.31% 2.91% 4.03% 5.84% 6.17% 6.68% 7.28%
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% 43.5% 42.9% 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 33.78 33.78 33.78
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.($)
7.05x0.7x4.56x6.17% 165.1Cr
12.3x1.34x6.06x4.58% 2.44TCr
9.11x1.06x5.63x4.32% 2.3TCr
11.27x4.94x8.98x7.79% 1.01TCr
15.52x - - 3.27% 510.47Cr
17.55x0.63x6.16x1.38% 467.71Cr
8.03x0.62x3.69x5.8% 373.52Cr
-34.88x1.39x5.9x-.--% 331.14Cr
30.75x4.16x11.67x-.--% 303.9Cr
Average 8.52x 1.86x 6.58x 3.7% 877.61Cr
Weighted average by Cap. 10.18x 1.77x 6.40x 4.36%

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