Company Valuation: TF1

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,836 1,506 1,505 1,544 1,757 1,417 - -
Change - -17.99% -0.08% 2.58% 13.82% -19.35% - -
Enterprise Value (EV) 1 1,702 1,180 999.7 1,038 1,242 1,036 1,072 1,169
Change - -30.64% -15.31% 3.79% 19.75% -16.57% 3.46% 9.02%
P/E 8.15x 8.62x 7.84x 7.54x 11.6x 13.9x 13.1x 10.5x
PBR 1.04x 0.81x 0.77x 0.75x 0.85x 0.7x 0.71x 0.74x
PEG - -0.4x 0.81x 1.14x -0.5x -0.4x 2.17x 0.4x
Capitalization / Revenue 0.76x 0.6x 0.66x 0.66x 0.76x 0.64x 0.63x 0.62x
EV / Revenue 0.7x 0.47x 0.44x 0.44x 0.54x 0.47x 0.48x 0.51x
EV / EBITDA 2.38x 1.55x 1.58x 1.48x 1.87x 1.84x 1.88x 1.94x
EV / EBIT 4.96x 3.73x 3.54x 3.59x 5.14x 6.7x 7.19x 6.35x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.45 0.5 0.55 0.6 0.63 0.6506 0.6764 0.7233
Rate of return 5.16% 6.99% 7.71% 8.2% 7.56% 9.65% 10% 10.7%
EPS 2 1.07 0.83 0.91 0.97 0.72 0.4839 0.513 0.6396
Distribution rate 42.1% 60.2% 60.4% 61.9% 87.5% 134% 132% 113%
Net sales 1 2,427 2,508 2,297 2,356 2,297 2,207 2,243 2,285
EBITDA 1 714.2 762.1 632.4 700 665.3 561.8 571.7 603.8
EBIT 1 343.2 316.2 282.7 289 241.8 154.7 149.2 184.2
Net income 1 225.3 176.1 191.9 206 152.8 98.08 106.2 125
Net Debt 1 -134.8 -325.7 -505.1 -506.1 -514.6 -380.5 -344.6 -247.9
Reference price 2 8.725 7.155 7.135 7.315 8.330 6.740 6.740 6.740
Nbr of stocks (in thousands) 2,10,486 2,10,486 2,10,898 2,11,022 2,10,925 2,10,240 - -
Announcement Date 11/02/22 15/02/23 15/02/24 13/02/25 13/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.93x0.47x1.84x9.65% 162.15Cr
16.35x2.01x9.14x1.57% 17TCr
45.51x6.47x27.8x-.--% 2.5TCr
18.99x2.08x20.47x1.56% 608.14Cr
40.63x - - 2.2% 383.2Cr
15.61x1.73x18.59x4.79% 367.39Cr
10.38x0.87x5.47x6.97% 360.03Cr
-6.36x2.04x7.58x-.--% 359.3Cr
13.01x0.58x4.65x1.25% 313.99Cr
7.81x0.72x3.23x5.99% 247.07Cr
Average 17.59x 1.89x 10.98x 3.4% 2.2TCr
Weighted average by Cap. 19.52x 2.46x 11.51x 1.62%

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