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 10,393 - -
Change - 4.59% 14.69% 12.61% 21.71% 7.58% - -
Enterprise Value (EV) 1 14,327 13,625 14,398 15,325 17,008 17,776 17,696 17,551
Change - -4.9% 5.67% 6.44% 10.98% 4.51% -0.45% -0.82%
P/E 10.9x 14.8x 36.8x 7.26x 7.43x 9.19x 10.2x 9.6x
PBR 0.71x 0.74x 0.88x 0.92x 1.04x 0.97x 0.93x 0.88x
PEG - -0.6x -0.7x 0x 0.4x -0.7x -1.05x 1.59x
Capitalization / Revenue 5.84x 5.29x 6.05x 6.45x 7.62x 7.74x 7.52x 7.35x
EV / Revenue 14.2x 11.7x 12.4x 12.5x 13.4x 13.2x 12.8x 12.4x
EV / EBITDA 17.8x 14.3x 15.6x 15.6x 16.3x 15.8x 15.1x 14.5x
EV / EBIT 18.2x 14.5x 15.3x 15.4x 16.6x 16x 15.3x 14.6x
EV / FCF 20.3x 18.6x 19.4x 19.5x 20.3x 22.6x 23.5x 27.6x
FCF Yield 4.91% 5.38% 5.15% 5.14% 4.93% 4.42% 4.26% 3.63%
Dividend per Share 2 1.7 1.75 1.8 1.8 1.9 1.971 2.042 2.107
Rate of return 8.15% 8.13% 7.29% 6.47% 5.63% 5.44% 5.63% 5.81%
EPS 2 1.906 1.45 0.67 3.83 4.54 3.943 3.561 3.776
Distribution rate 89.2% 121% 269% 47% 41.9% 50% 57.3% 55.8%
Net sales 1 1,006 1,162 1,165 1,231 1,268 1,342 1,381 1,413
EBITDA 1 806.8 955 921.4 985.3 1,043 1,127 1,170 1,208
EBIT 1 789 937.8 943.1 993.2 1,027 1,114 1,160 1,203
Net income 1 544.7 415.2 192.7 1,098 1,299 1,192 1,102 1,261
Net Debt 1 8,451 7,479 7,349 7,387 7,347 7,383 7,303 7,158
Reference price 2 20.85 21.53 24.68 27.80 33.74 36.24 36.24 36.24
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.83x14.71x15.19x5.87% 5.25TCr
16.75x23.45x28.1x3.44% 1.7TCr
8.01x11.94x14.63x5.96% 1.52TCr
17.75x16.13x23.44x5.32% 1.4TCr
9.23x13.27x15.81x5.42% 1.19TCr
25.81x10.48x16.47x4.18% 950.48Cr
35.48x7.56x12.16x5.56% 903.65Cr
14.52x11.71x18.4x6.49% 909.23Cr
7.33x19.59x26.5x3.38% 882.53Cr
Average 19.08x 14.32x 18.97x 5.07% 1.63TCr
Weighted average by Cap. 23.53x 14.85x 18.24x 5.27%

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