Company Valuation: Amundi

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 14,686 10,791 12,526 13,126 14,386 18,414 - -
Change - -26.52% 16.08% 4.79% 9.6% 28% - -
Enterprise Value (EV) 1 15,857 10,791 13,903 13,789 14,212 17,071 16,591 16,098
Change - -31.95% 28.84% -0.82% 3.07% 20.11% -2.81% -2.97%
P/E 10.7x 10x 10.8x 10.1x 9.12x 11.3x 12.5x 12.1x
PBR 1.38x - 1.1x 1.09x 1.14x 1.4x 1.36x 1.31x
PEG - -0.5x 1.33x 0.9x 0.4x 2.79x -1.4x 4.01x
Capitalization / Revenue 4.58x 3.44x 3.91x 3.75x 4.21x 5.01x 5.02x 4.9x
EV / Revenue 4.95x 3.44x 4.34x 3.94x 4.16x 4.65x 4.52x 4.29x
EV / EBITDA 9.51x - - 7.91x 9.32x 9x 8.86x 8.55x
EV / EBIT 9.49x 7.36x 9.28x 8.31x 8.69x 9.42x 9.33x 8.91x
EV / FCF 8.31x - 9.33x 9.06x 8.23x 12.3x 10.5x 10.2x
FCF Yield 12% - 10.7% 11% 12.2% 8.12% 9.52% 9.77%
Dividend per Share 2 4.1 4.1 4.1 4.25 4.25 4.979 5.142 5.27
Rate of return 5.65% 7.74% 6.66% 6.62% 6.02% 5.45% 5.63% 5.77%
EPS 2 6.75 5.28 5.71 6.37 7.74 8.054 7.332 7.554
Distribution rate 60.7% 77.7% 71.8% 66.7% 54.9% 61.8% 70.1% 69.8%
Net sales 1 3,204 3,137 3,204 3,497 3,417 3,675 3,670 3,755
EBITDA 1 1,667 - - 1,743 1,525 1,896 1,872 1,883
EBIT 1 1,670 1,466 1,498 1,660 1,636 1,813 1,778 1,807
Net income 1 1,369 1,074 1,165 1,305 1,592 1,645 1,481 1,521
Net Debt 1 1,170 - 1,376 662.9 -173.8 -1,344 -1,823 -2,317
Reference price 2 72.55 53.00 61.60 64.20 70.60 91.35 91.35 91.35
Nbr of stocks (in thousands) 202,433 203,604 203,350 204,461 203,768 201,581 - -
Announcement Date 09/02/22 08/02/23 07/02/24 04/02/25 03/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.29x5.51x11.79x2.17% 164B
14.02x3.42x - 2.52% 148B
15.65x7.16x - 1.59% 98.13B
18.63x6.56x12.5x4.6% 89.66B
24.48x - - 0.86% 81.95B
21.02x11.26x16.31x4.49% 71.46B
13.02x5.12x - 2.01% 47.96B
10.8x1.6x4.9x1.36% 43.49B
Average 17.12x 5.80x 11.37x 2.45% 93.05B
Weighted average by Cap. 17.52x 5.76x 12.02x 2.48%

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