Company Valuation: Cegedim

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331.1 198.9 243.6 174.8 186.6 149.1 - -
Change - -39.93% 22.47% -28.22% 6.71% -20.07% - -
Enterprise Value (EV) 1 582.4 427.9 482.1 359.3 418.8 352.2 327.2 293.9
Change - -26.53% 12.65% -25.46% 16.55% -15.91% -7.09% -10.17%
P/E 12.6x 14.6x -35.7x -11.6x 19.4x 7.07x 5.91x 4.94x
PBR 1.43x 0.7x 0.83x 0.62x 0.66x 0.51x 0.48x 0.44x
PEG - -0.3x 0x -0x -0x 0x 0.3x 0.3x
Capitalization / Revenue 0.63x 0.36x 0.4x 0.27x 0.29x 0.23x 0.22x 0.21x
EV / Revenue 1.11x 0.77x 0.78x 0.55x 0.65x 0.53x 0.48x 0.42x
EV / EBITDA 5.56x 4.45x 4.43x 2.91x 3.4x 2.55x 2.18x 1.87x
EV / EBIT 14.6x 16.7x 15.2x 9.1x 11x 6.93x 5.75x 4.72x
EV / FCF 24.1x 41.4x 21.5x 30.1x 8.07x 23.8x 12.1x 8.94x
FCF Yield 4.15% 2.42% 4.65% 3.32% 12.4% 4.2% 8.26% 11.2%
Dividend per Share 2 0.5 - - - - - - -
Rate of return 2.08% - - - - - - -
EPS 2 1.9 1 -0.5 -1.1 0.7 1.535 1.837 2.197
Distribution rate 26.3% - - - - - - -
Net sales 1 524.7 555.6 616 654.5 649.2 660.1 683.1 703.6
EBITDA 1 104.7 96.2 108.8 123.6 123.3 138 150.1 157.1
EBIT 1 39.9 25.67 31.67 39.48 38.09 50.8 56.9 62.23
Net income 1 26.22 13.62 -7.407 -14.71 9.398 21.45 25.57 30.47
Net Debt 1 251.3 229 238.5 184.5 232.3 203 178.1 144.8
Reference price 2 24.00 14.56 17.86 12.75 13.55 10.86 10.86 10.86
Nbr of stocks (in thousands) 13,796 13,660 13,638 13,712 13,768 13,731 - -
Announcement Date 24/03/22 23/03/23 27/03/24 27/03/25 26/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.67x9.84x16.09x0.74% 3,900B
122.01x53.97x87.88x-.--% 455B
21.45x6.07x10.63x1.4% 432B
258.08x23.04x67.46x-.--% 333B
2726.7x45.73x149.55x-.--% 280B
26.19x5.25x16.57x1.45% 239B
88.09x8.56x22.9x-.--% 141B
59.54x16.06x42.29x-.--% 135B
493.82x21.18x83.72x-.--% 99.25B
Average 424.73x 21.08x 55.23x 0.4% 668.2B
Weighted average by Cap. 181.80x 15.43x 32.07x 0.64%

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