Company Valuation: Klépierre

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,877 6,146 7,049 7,938 9,661 11,133 - -
Change - 4.59% 14.69% 12.61% 21.71% 15.23% - -
Enterprise Value (EV) 1 14,327 13,625 14,398 15,325 17,008 18,601 18,526 18,385
Change - -4.9% 5.67% 6.44% 10.98% 9.37% -0.4% -0.77%
P/E 10.9x 14.8x 36.8x 7.26x 7.43x 10.5x 11x 10.5x
PBR 0.71x 0.74x 0.88x 0.92x 1.04x 1.06x 1x 0.95x
PEG - -0.6x -0.7x 0x 0.4x -0.6x -2.41x 2.23x
Capitalization / Revenue 5.84x 5.29x 6.05x 6.45x 7.62x 8.31x 8.07x 7.88x
EV / Revenue 14.2x 11.7x 12.4x 12.5x 13.4x 13.9x 13.4x 13x
EV / EBITDA 17.8x 14.3x 15.6x 15.6x 16.3x 16.5x 15.9x 15.3x
EV / EBIT 18.2x 14.5x 15.3x 15.4x 16.6x 17.2x 16.1x 15.4x
EV / FCF 20.3x 18.6x 19.4x 19.5x 20.3x 23.7x 24.6x 28.9x
FCF Yield 4.91% 5.38% 5.15% 5.14% 4.93% 4.22% 4.07% 3.46%
Dividend per Share 2 1.7 1.75 1.8 1.8 1.9 1.97 2.038 2.103
Rate of return 8.15% 8.13% 7.29% 6.47% 5.63% 5.08% 5.25% 5.42%
EPS 2 1.906 1.45 0.67 3.83 4.54 3.701 3.532 3.699
Distribution rate 89.2% 121% 269% 47% 41.9% 53.2% 57.7% 56.8%
Net sales 1 1,006 1,162 1,165 1,231 1,268 1,339 1,379 1,413
EBITDA 1 806.8 955 921.4 985.3 1,043 1,126 1,168 1,206
EBIT 1 789 937.8 943.1 993.2 1,027 1,080 1,154 1,195
Net income 1 544.7 415.2 192.7 1,098 1,299 1,182 1,098 1,244
Net Debt 1 8,451 7,479 7,349 7,387 7,347 7,468 7,393 7,252
Reference price 2 20.85 21.53 24.68 27.80 33.74 38.80 38.80 38.80
Nbr of stocks (in thousands) 2,81,847 2,85,471 2,85,607 2,85,533 2,86,342 2,86,784 - -
Announcement Date 16/02/22 15/02/23 14/02/24 12/02/25 19/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
40.22x15.97x16.21x5.18% 5.96TCr
17.07x23.68x28.62x3.38% 1.77TCr
9.39x12.53x15.35x5.31% 1.72TCr
20.63x17.08x24.32x4.89% 1.52TCr
10.48x13.88x16.51x5.08% 1.28TCr
9.48x21.66x29.3x2.93% 1.04TCr
28.26x11.2x17.59x3.84% 1.03TCr
15.54x12x18.66x6.19% 951.86Cr
26.96x7.23x11.38x5.95% 843.71Cr
Average 19.78x 15.03x 19.77x 4.75% 1.79TCr
Weighted average by Cap. 25.27x 15.76x 19.09x 4.83%

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