Company Valuation: Cegedim

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331.1 198.9 243.6 174.8 186.6 151.9 - -
Change - -39.93% 22.47% -28.22% 6.71% -18.6% - -
Enterprise Value (EV) 1 582.4 427.9 482.1 359.3 418.8 354.9 329.9 296.7
Change - -26.53% 12.65% -25.46% 16.55% -15.26% -7.04% -10.08%
P/E 12.6x 14.6x -35.7x -11.6x 19.4x 7.21x 6.02x 5.03x
PBR 1.43x 0.7x 0.83x 0.62x 0.66x 0.52x 0.49x 0.45x
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 0.22x
EV / Revenue 1.11x 0.77x 0.78x 0.55x 0.65x 0.54x 0.48x 0.42x
EV / EBITDA 5.56x 4.45x 4.43x 2.91x 3.4x 2.57x 2.2x 1.89x
EV / EBIT 14.6x 16.7x 15.2x 9.1x 11x 6.99x 5.8x 4.77x
EV / FCF 24.1x 41.4x 21.5x 30.1x 8.07x 24x 12.2x 9.03x
FCF Yield 4.15% 2.42% 4.65% 3.32% 12.4% 4.17% 8.19% 11.1%
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 11.06 11.06 11.06
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.($)
7.21x0.54x2.57x-.--% 171M
26.03x9.62x15.72x0.76% 3,808B
122.42x54.13x88.14x-.--% 457B
20.78x5.92x10.37x1.45% 419B
251.41x22.44x65.69x-.--% 324B
2660.9x44.6x145.87x-.--% 273B
26.43x5.3x16.72x1.43% 243B
89.18x8.66x23.18x-.--% 142B
57.8x15.57x41x-.--% 131B
493.9x21.18x83.73x-.--% 99.27B
Average 375.61x 18.80x 49.30x 0.36% 589.59B
Weighted average by Cap. 177.66x 15.25x 31.65x 0.65%

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