Company Valuation: Covivio

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,813 5,199 4,872 5,403 6,274 5,982 - -
Change - -23.69% -6.29% 10.89% 16.12% -4.66% - -
Enterprise Value (EV) 1 17,785 5,199 11,797 12,248 13,335 15,901 14,910 14,987
Change - -70.77% 126.9% 3.82% 8.88% 19.24% -6.23% 0.52%
P/E 7.37x 8.39x -3.34x 76.5x 8.5x 11.5x 9.59x 7.11x
PBR 0.79x 0.55x 0.6x 0.66x 0.73x 0.58x 0.56x 0.54x
PEG - -0.3x 0x -1x 0x -0.4x 0.5x 0.2x
Capitalization / Revenue 11.5x 8.57x 7.91x 5.4x 9.88x 8.85x 7.51x 7.43x
EV / Revenue 29.9x 8.57x 19.2x 12.2x 21x 23.5x 18.7x 18.6x
EV / EBITDA 32.6x 9.73x 21.4x 20.9x 20.7x 22.9x - 19x
EV / EBIT 35.7x 10x 22.3x 21.4x 21.7x 19.2x 19.2x 16.9x
EV / FCF 24.8x - 34x 31.8x 55.6x 46x 31.4x 22.6x
FCF Yield 4.03% - 2.94% 3.14% 1.8% 2.18% 3.19% 4.43%
Dividend per Share 2 3.75 3.75 3.3 3.5 3.75 3.982 4.026 4.176
Rate of return 5.19% 6.76% 6.78% 7.18% 6.62% 7.37% 7.46% 7.73%
EPS 2 9.791 6.606 -14.55 0.637 6.667 4.707 5.633 7.599
Distribution rate 38.3% 56.8% -22.7% 549% 56.2% 84.6% 71.5% 55%
Net sales 1 594.6 606.8 615.6 1,000 634.8 676 796.8 804.8
EBITDA 1 545.6 534.3 551 587 643 693 - 790
EBIT 1 498 517.5 530 571.8 615.7 828.6 776.9 888.4
Net income 1 923.6 620.7 -1,419 68.1 738.7 854 - 654
Net Debt 1 10,972 - 6,925 6,845 7,061 9,919 8,928 9,005
Reference price 2 72.20 55.45 48.68 48.76 56.65 54.00 54.00 54.00
Nbr of stocks (in thousands) 94,369 93,764 100,084 110,805 110,750 110,776 - -
Announcement Date 22/02/22 21/02/23 15/02/24 19/02/25 18/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.53x23.56x22.99x7.34% 6.84B
41.98x16.05x16.64x5% 61.12B
13.26x24.38x28.73x3.38% 17.44B
9.54x12.73x15.89x5.22% 17.27B
20.74x17.35x25.82x4.78% 15.44B
12.84x14.22x16.27x5.06% 12.69B
31.14x11.6x18.3x3.61% 10.87B
10x21.8x28.97x2.91% 10.22B
16.42x12.58x19.69x5.89% 9.97B
26.08x7.52x12.31x5.36% 9.37B
Average 19.35x 16.18x 20.56x 4.85% 17.12B
Weighted average by Cap. 25.53x 16.24x 19.63x 4.79%

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