Valuation Unibail-Rodamco Euronext Amsterdam

Stocks

Delayed Euronext Amsterdam Other stock markets			5-day change	1st Jan Change
- ^EUR	-.--%		+0.18%	-9.52%

01/07	Profit-Taking in Real Estate Stocks, Exane Reassessment	DP
25/06	Unibail-Rodamco-Westfield completes its legal simplification

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	8,540	6,748	9,305	10,372	13,296	14,869	-	-
Change	-	-20.98%	37.88%	11.47%	28.19%	11.83%	-	-
Enterprise Value (EV) ¹	34,485	29,720	31,279	32,540	31,796	35,009	34,959	34,965
Change	-	-13.82%	5.24%	4.03%	-2.29%	10.11%	-0.14%	0.02%
P/E	-8.78x	38x	-5.71x	69.9x	10.6x	9.32x	8.58x	7.85x
PBR	0.5x	0.35x	0.54x	0.6x	0.77x	0.87x	0.82x	0.77x
PEG	-	-0x	0x	-1x	0x	0.3x	1x	0.83x
Capitalization / Revenue	4.66x	3.02x	4.01x	4.27x	5.71x	5.36x	5.26x	5.05x
EV / Revenue	18.8x	13.3x	13.5x	13.4x	13.7x	12.6x	12.4x	11.9x
EV / EBITDA	20.9x	13.5x	14.2x	13.8x	13.9x	15.7x	15.4x	14.3x
EV / EBIT	21x	13.8x	14.6x	14.1x	14.2x	16x	15.7x	14.8x
EV / FCF	42x	19.4x	35.7x	36.9x	27.6x	23.3x	26x	17.6x
FCF Yield	2.38%	5.15%	2.8%	2.71%	3.62%	4.29%	3.85%	5.67%
Dividend per Share ²	-	-	2.5	3.5	4.5	5.49	6.07	6.417
Rate of return	-	-	3.74%	4.81%	4.85%	5.32%	5.89%	6.22%
EPS ²	-7.02	1.28	-11.72	1.04	8.72	11.06	12.01	13.14
Distribution rate	-	-	-21.3%	337%	51.6%	49.6%	50.5%	48.8%
Net sales ¹	1,833	2,231	2,322	2,427	2,328	2,775	2,826	2,943
EBITDA ¹	1,650	2,209	2,199	2,352	2,284	2,223	2,269	2,444
EBIT ¹	1,641	2,152	2,148	2,311	2,241	2,192	2,227	2,355
Net income ¹	-972.1	178.2	-1,629	146.2	1,268	1,658	1,700	1,907
Net Debt ¹	25,945	22,972	21,974	22,168	18,500	20,140	20,090	20,097
Reference price ²	61.62	48.63	66.92	72.72	92.76	103.10	103.10	103.10
Nbr of stocks (in thousands)	1,38,594	1,38,767	1,39,041	1,42,625	1,43,334	1,44,216	-	-
Announcement Date	10/02/22	08/02/23	08/02/24	13/02/25	12/02/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
REALTY INCOME CORPORATION	40.9x	15.8x	16.38x	5.11%	5.97TCr
SEGRO PLC	11.09x	22.73x	26.73x	3.72%	1.59TCr
CAPITALAND INTEGRATED COMMERCIAL TRUST	19.92x	16.87x	24.74x	4.97%	1.48TCr
KLÉPIERRE	10.11x	13.32x	16.03x	5.45%	1.18TCr
MERLIN PROPERTIES SOCIMI, S.A.	7.99x	22.54x	30.52x	2.79%	1.07TCr
FEDERAL REALTY INVESTMENT TRUST	31.7x	11.37x	17.93x	3.72%	1.05TCr
CAPITALAND ASCENDAS REIT	16.01x	12.31x	19.23x	6.11%	966.78Cr
ALEXANDRIA REAL ESTATE EQUITIES, INC.	23.69x	7.21x	11.82x	5.83%	861.07Cr
VORNADO REALTY TRUST	-1972x	8.28x	19.74x	1.91%	741.86Cr
Average	-201.18x	14.49x	20.35x	4.4%	1.66TCr
Weighted average by Cap.	-72.51x	15.53x	19.50x	4.66%