Company Valuation: NEPI Rockcastle N.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,556 3,455 3,974 4,959 5,332 5,662 - -
Change - -2.86% 15.05% 24.78% 7.52% 6.19% - -
Enterprise Value (EV) 1 5,351 5,805 6,204 7,478 8,033 8,626 8,760 8,951
Change - 8.49% 6.87% 20.54% 7.42% 7.38% 1.55% 2.18%
P/E - - - 8.07x 10.7x 9.4x 9.12x 8.07x
PBR 0.96x 0.88x 0.92x 0.96x 1.07x 1.09x 1.04x 1x
PEG - - - - -0.5x 0.4x 3.02x 0.6x
Capitalization / Revenue 10.3x 8.54x 8.09x 8.92x 8.63x 8.65x 8.09x 7.47x
EV / Revenue 15.4x 14.3x 12.6x 13.5x 13x 13.2x 12.5x 11.8x
EV / EBITDA 18.8x 14.7x 13.4x 14.2x 13.9x 14.3x 13.3x 12.3x
EV / EBIT 16.7x 10.8x 13.5x 14.2x 14x 14.1x 13.5x 13x
EV / FCF - - 35.7x 25.6x 31.6x 33.6x 23.8x 19.5x
FCF Yield - - 2.8% 3.91% 3.16% 2.98% 4.2% 5.12%
Dividend per Share 2 0.3442 0.5068 0.5128 0.5416 0.5583 0.5798 0.6142 0.6585
Rate of return 5.89% 8.93% 8.2% 7.67% 7.44% 7.24% 7.67% 8.23%
EPS 2 - - - 0.875 0.7014 0.8518 0.8776 0.992
Distribution rate - - - 61.9% 79.6% 68.1% 70% 66.4%
Net sales 1 346.9 404.6 491.2 555.9 618.1 654.8 699.6 758
EBITDA 1 284.9 395.5 462 527.5 576.7 603.3 657.4 729.9
EBIT 1 320.6 539.9 460.6 525.9 575.1 611.7 650.7 690.9
Net income 1 235 - 476.8 587.6 498.8 567.5 654.5 728
Net Debt 1 1,794 2,350 2,229 2,519 2,701 2,964 3,097 3,288
Reference price 2 5.840 5.673 6.251 7.059 7.503 8.006 8.006 8.006
Nbr of stocks (in thousands) 6,08,995 6,08,995 6,35,830 7,02,551 7,10,717 7,07,299 - -
Announcement Date 23/02/22 24/02/23 20/02/24 25/02/25 24/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.4x13.17x14.3x7.24% 658.1Cr
14.96x4.79x12.87x3.39% 4.26TCr
18.25x4x16.1x1.34% 2.86TCr
8.45x1.54x7.95x4.29% 2.77TCr
13.99x3.1x14.85x2.5% 2.62TCr
5.38x0.62x1.31x9.29% 2.59TCr
10.29x2.08x8.84x4.08% 2.07TCr
7.78x0.86x3.14x2.87% 1.99TCr
13.05x6.45x16.98x1.64% 1.93TCr
10.05x1.48x12.38x3.81% 1.84TCr
Average 11.16x 3.81x 10.87x 4.05% 2.36TCr
Weighted average by Cap. 11.73x 3.21x 10.80x 3.81%

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

  1. Stock Market
  2. Stocks
  3. NRP Stock
  4. Valuation NEPI Rockcastle N.V.