Company Valuation: Cegedim

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331.1 198.9 243.6 174.8 186.6 143.9 - -
Change - -39.93% 22.47% -28.22% 6.71% -22.87% - -
Enterprise Value (EV) 1 582.4 427.9 482.1 359.3 418.8 322.1 293.7 252.4
Change - -26.53% 12.65% -25.46% 16.55% -23.1% -8.82% -14.03%
P/E 12.6x 14.6x -35.7x -11.6x 19.4x 7.08x 4.71x 4.42x
PBR 1.43x 0.7x 0.83x 0.62x 0.66x 0.49x 0.45x 0.42x
PEG - -0.3x 0x -0x -0x 0x 0.1x 0.67x
Capitalization / Revenue 0.63x 0.36x 0.4x 0.27x 0.29x 0.22x 0.21x 0.2x
EV / Revenue 1.11x 0.77x 0.78x 0.55x 0.65x 0.49x 0.43x 0.36x
EV / EBITDA 5.56x 4.45x 4.43x 2.91x 3.4x 2.3x 1.98x 1.63x
EV / EBIT 14.6x 16.7x 15.2x 9.1x 11x 6.25x 5.14x 4.13x
EV / FCF 24.1x 41.4x 21.5x 30.1x 8.07x 13.5x 10.3x 8.08x
FCF Yield 4.15% 2.42% 4.65% 3.32% 12.4% 7.39% 9.69% 12.4%
Dividend per Share 2 0.5 - - - - - - 0.4419
Rate of return 2.08% - - - - - - 4.25%
EPS 2 1.9 1 -0.5 -1.1 0.7 1.469 2.207 2.353
Distribution rate 26.3% - - - - - - 18.8%
Net sales 1 524.7 555.6 616 654.5 649.2 660.4 681.2 703
EBITDA 1 104.7 96.2 108.8 123.6 123.3 139.8 148.5 154.9
EBIT 1 39.9 25.67 31.67 39.48 38.09 51.54 57.13 61.15
Net income 1 26.22 13.62 -7.407 -14.71 9.398 21.25 30.58 32.58
Net Debt 1 251.3 229 238.5 184.5 232.3 178.2 149.8 108.5
Reference price 2 24.00 14.56 17.86 12.75 13.55 10.40 10.40 10.40
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.($)
22.5x6.13x10.82x1.41% 414B
19.33x4.02x12.59x1.92% 187B
54.25x6.44x17.69x-.--% 111B
32.67x3.1x11.17x0.21% 41.09B
4.65x83.2x704.68x-.--% 35.43B
33.91x13.13x21.39x-.--% 29.84B
33.17x2.02x18.43x-.--% 17.09B
23.36x3.34x11.25x - 12.23B
77.95x7.46x31.94x-.--% 11.46B
Average 33.53x 14.31x 93.33x 0.44% 95.47B
Weighted average by Cap. 27.03x 8.88x 41.53x 1.12%

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