Company Valuation: Mercialys

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 800.5 910.4 926.6 941.4 1,031 1,036 - -
Change - 13.73% 1.78% 1.6% 9.48% 0.49% - -
Enterprise Value (EV) 1 1,931 1,953 1,990 1,944 2,185 2,245 2,301 2,329
Change - 1.14% 1.92% -2.3% 12.39% 2.72% 2.51% 1.2%
P/E 9.12x 21.2x 17.4x 17.4x 30.7x 10x 10.7x 10.5x
PBR 0.47x 0.53x 0.61x 0.62x 0.65x 0.68x 0.65x 0.64x
PEG - -0.4x 0.7x 9.92x -0.8x 0x -1.67x 5.28x
Capitalization / Revenue 4.65x 5.25x 5.21x 5.24x 5.71x 5.51x 5.24x 5.09x
EV / Revenue 11.2x 11.3x 11.2x 10.8x 12.1x 11.9x 11.6x 11.4x
EV / EBITDA 13.3x 13.5x 13.3x 13.2x 14.7x 14.5x 14.3x 13.9x
EV / EBIT 18.7x 18.4x 23.2x 19x 27.7x 15.6x 16.7x 16.6x
EV / FCF 12.8x 9.34x 17.8x 14.6x 72.9x 16.6x 17.2x 14.6x
FCF Yield 7.79% 10.7% 5.61% 6.83% 1.37% 6.01% 5.82% 6.83%
Dividend per Share 2 0.92 0.96 0.99 1 1.002 1.019 1.043 1.067
Rate of return 10.7% 9.83% 9.95% 9.89% 9.08% 9.18% 9.4% 9.61%
EPS 2 0.94 0.46 0.57 0.58 0.36 1.11 1.039 1.059
Distribution rate 97.9% 209% 174% 172% 278% 91.8% 100% 101%
Net sales 1 172.2 173.3 178 179.5 180.6 188 197.5 203.7
EBITDA 1 144.7 144.2 149.4 147.2 148.9 155.2 161.3 167.4
EBIT 1 103.5 106.2 85.82 102.1 78.78 144.1 137.7 140.3
Net income 1 62.18 43.09 53.37 53.76 33.96 98.02 117.2 125.3
Net Debt 1 1,130 1,042 1,064 1,003 1,155 1,209 1,265 1,293
Reference price 2 8.57 9.77 9.94 10.11 11.04 11.10 11.10 11.10
Nbr of stocks (in thousands) 93,406 93,180 93,168 93,115 93,351 93,302 - -
Announcement Date 14/02/22 14/02/23 14/02/24 12/02/25 17/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10x11.94x14.46x9.18% 120.65Cr
39.76x15.77x16.05x5.28% 5.83TCr
17x23.62x28.3x3.39% 1.77TCr
8.62x12.27x15.03x5.56% 1.67TCr
20.04x16.76x24.06x5.05% 1.49TCr
9.96x13.62x16.19x5.21% 1.26TCr
27.8x10.95x17.26x3.9% 1.02TCr
8.04x20.62x27.9x3.15% 976.67Cr
15x12x18.66x6.2% 958.84Cr
35.77x7.59x12.21x5.51% 910.97Cr
Average 19.20x 14.51x 19.01x 5.24% 1.6TCr
Weighted average by Cap. 25.17x 15.47x 18.78x 4.95%

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