Company Valuation: Cosumar

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,661 17,953 18,425 17,953 19,228 18,746 - -
Change - -27.2% 2.63% -2.56% 7.11% -2.51% - -
Enterprise Value (EV) 1 25,064 19,022 19,984 18,577 19,510 19,075 19,061 18,746
Change - -24.11% 5.06% -7.04% 5.02% -2.23% -0.08% -1.65%
P/E 32.3x - - 19.2x - 21.4x 18.1x 18.7x
PBR - - - - - - - -
PEG - - - - - - 1x -6.1x
Capitalization / Revenue 2.71x 1.72x 1.8x 1.75x 1.83x 1.72x 1.52x 1.56x
EV / Revenue 2.75x 1.82x 1.95x 1.81x 1.86x 1.75x 1.54x 1.56x
EV / EBITDA 13.1x 11.1x 10.9x 10.6x 11.7x 11.2x 9.66x -
EV / EBIT 17.8x 14.7x 14.5x 13.9x 15x 14.2x 12.1x -
EV / FCF 13.9x -563x 86.5x 9.84x 14.9x 21.2x 19.1x -
FCF Yield 7.2% -0.18% 1.16% 10.2% 6.7% 4.71% 5.24% -
Dividend per Share 2 6 7 7 10 - 10 10 11
Rate of return 2.3% 3.68% 3.59% 5.26% - 5.04% 5.04% 5.54%
EPS 2 8.075 - - 9.92 - 9.27 10.94 10.6
Distribution rate 74.3% - - 101% - 108% 91.4% 104%
Net sales 1 9,112 10,433 10,233 10,239 10,487 10,907 12,340 12,002
EBITDA 1 1,918 1,721 1,826 1,749 1,672 1,699 1,974 -
EBIT 1 1,408 1,294 1,375 1,341 1,298 1,339 1,570 -
Net income 1 763 826 1,009 850.4 703.7 876 1,034 1,002
Net Debt 1 403 1,070 1,559 624.8 281.9 329 314.5 -
Reference price 2 261.00 190.00 195.00 190.00 203.50 198.40 198.40 198.40
Nbr of stocks (in thousands) 94,487 94,487 94,487 94,487 94,487 94,487 - -
Announcement Date 30/04/22 16/03/23 29/04/24 30/04/25 30/04/26 - - -
1MAD in Million2MAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.55x0.53x7.31x1.26% 3.05B
21.4x1.75x11.23x5.04% 2.02B
-252.23x1.69x8.34x3.26% 1.55B
27.17x - - 0.85% 1.45B
15.55x1.8x4.02x2.06% 1.15B
Average -31.11x 1.44x 7.72x 2.49% 1.84B
Weighted average by Cap. -20.76x 1.27x 8.05x 2.46%

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