Company Valuation: Altareit

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 850.7 1,146 1,094 787.6 822.6 901.4
Change - 34.76% -4.58% -28% 4.44% 9.58%
Enterprise Value (EV) 1 1,118 1,486 1,602 1,295 1,294 1,588
Change - 32.92% 7.82% -19.19% -0.06% 22.76%
P/E 12.2x 15.9x 14.7x -2.42x -13.5x -13.4x
PBR 0.9x 1.12x 0.99x 1.01x 1.15x 1.37x
PEG - 3.93x 4.82x 0x 0.2x -1.34x
Capitalization / Revenue 0.28x 0.38x 0.37x 0.3x 0.32x 0.46x
EV / Revenue 0.37x 0.5x 0.54x 0.5x 0.5x 0.8x
EV / EBITDA 7.75x 9.66x 12x -6.32x 46.7x -224x
EV / EBIT 8.11x 10.1x 14.4x -3.94x 65.7x -42x
EV / FCF 4.64x -77.9x -10.2x 11.7x 6.33x -4.97x
FCF Yield 21.6% -1.28% -9.82% 8.52% 15.8% -20.1%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 39.69 41.29 42.55 -186.2 -34.89 -38.38
Distribution rate - - - - - -
Net sales 1 3,017 3,000 2,966 2,604 2,608 1,978
EBITDA 1 144.3 153.9 134 -204.8 27.7 -7.1
EBIT 1 137.8 147.5 111.4 -328.3 19.7 -37.8
Net income 1 69.4 72.2 74.4 -325.6 -61 -67.1
Net Debt 1 267.2 339.5 508.1 507 471.2 686.9
Reference price 2 486.00 655.00 625.00 450.00 470.00 515.00
Nbr of stocks (in thousands) 1,750 1,750 1,750 1,750 1,750 1,750
Announcement Date 26/03/21 24/05/22 31/03/23 28/03/24 20/03/25 14/03/26
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.17B
53.81x - - - 57.59B
9.65x3.3x8.76x-.--% 19.81B
7.58x16.24x19.19x6.15% 20.18B
4.12x0.08x0.16x8.35% 14.24B
8.45x16.93x - 6.26% 8.29B
7.94x0.81x6.7x2.46% 5.8B
-1.85x1.94x113.93x-.--% 5.26B
5.47x13.8x20.54x5.81% 4.52B
Average 11.90x 7.59x 28.21x 4.15% 15.21B
Weighted average by Cap. 26.78x 7.83x 18.53x 4.29%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA