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 1,513 - -
Change - 41.8% -5.68% -19.33% -25.22% 2.31% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 1,857 1,766 1,657
Change - 20.84% 3.72% -20.34% -14.45% 1.1% -4.91% -6.13%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 7.7x 6.92x 6.48x
PBR 1.37x 1.75x 1.73x 1.25x 0.94x 0.93x 0.88x 0.8x
PEG - 0.7x -0.7x 0.3x -0.96x 0.81x 0.6x 0.95x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.59x 0.58x 0.56x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.73x 0.67x 0.61x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 4.68x 4.2x 3.76x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 6x 5.39x 4.81x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 8.94x 7.88x 6.78x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 11.2% 12.7% 14.8%
Dividend per Share 2 1.15 1.35 1.65 1.85 2 2.131 2.314 2.466
Rate of return 2.79% 2.31% 2.91% 4.03% 5.84% 5.91% 6.42% 6.84%
EPS 2 4.04 4.74 3.59 4.66 4.27 4.678 5.207 5.561
Distribution rate 28.5% 28.5% 46% 39.7% 46.8% 45.5% 44.4% 44.3%
Net sales 1 2,147 2,405 2,390 2,441 2,525 2,548 2,621 2,700
EBITDA 1 357.2 402.9 434.1 410.7 410.6 397.2 420.1 440.6
EBIT 1 277.4 314.7 312.4 319.5 309.3 309.5 327.9 344.9
Net income 1 183.9 215.2 159.7 204.5 186.6 190.8 213.8 227.9
Net Debt 1 317.8 - 244.3 169.8 358.3 344.3 253.1 144.8
Reference price 2 41.25 58.50 56.75 45.92 34.26 36.04 36.04 36.04
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
7.7x0.73x4.68x5.91% 167.26Cr
15.19x1.65x7.56x3.73% 2.91TCr
10.63x1.09x6.4x3.68% 2.37TCr
13.5x5.97x10.5x6.26% 1.15TCr
180.51x0.69x173.76x - 793.8Cr
18.41x1.5x7.48x2.53% 659.23Cr
12.29x0.83x5.34x-.--% 632.21Cr
-58.6x1.9x7.98x0% 567.63Cr
18.18x0.77x4.67x3.48% 599.68Cr
Average 24.20x 1.68x 25.37x 3.2% 1TCr
Weighted average by Cap. 23.05x 1.83x 20.68x 3.48%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Ipsos

Historical PBR trend

Valuation ratios - PBR - Ipsos

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Ipsos

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Ipsos


Year-on-year evolution of the Yield

Valuation ratios - Yield - Ipsos