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 4,864 - -
Change - -23.69% -6.29% 10.89% 16.12% -22.47% - -
Enterprise Value (EV) 1 17,785 5,199 11,797 12,248 13,335 12,544 12,687 12,771
Change - -70.77% 126.9% 3.82% 8.88% -5.94% 1.15% 0.66%
P/E 7.37x 8.39x -3.34x 76.5x 8.5x 9.22x 8.93x 7.71x
PBR 0.79x 0.55x 0.6x 0.66x 0.73x 0.53x 0.51x 0.5x
PEG - -0.3x 0x -1x 0x -0.3x 2.73x 0.5x
Capitalization / Revenue 11.5x 8.57x 7.91x 5.4x 9.88x 6.9x 6.7x 6.45x
EV / Revenue 29.9x 8.57x 19.2x 12.2x 21x 17.8x 17.5x 16.9x
EV / EBITDA 32.6x 9.73x 21.4x 20.9x 20.7x 19.5x 18.9x 18.1x
EV / EBIT 35.7x 10x 22.3x 21.4x 21.7x 16.2x 15.7x 13.9x
EV / FCF 24.8x - 34x 31.8x 55.6x 36.3x 26.7x 19.2x
FCF Yield 4.03% - 2.94% 3.14% 1.8% 2.76% 3.74% 5.2%
Dividend per Share 2 3.75 3.75 3.3 3.5 3.75 3.947 4.022 4.136
Rate of return 5.19% 6.76% 6.78% 7.18% 6.62% 8.99% 9.16% 9.42%
EPS 2 9.791 6.606 -14.55 0.637 6.667 4.762 4.918 5.692
Distribution rate 38.3% 56.8% -22.7% 549% 56.2% 82.9% 81.8% 72.7%
Net sales 1 594.6 606.8 615.6 1,000 634.8 704.5 725.8 754.1
EBITDA 1 545.6 534.3 551 587 643 644.7 672.1 704.5
EBIT 1 498 517.5 530 571.8 615.7 774.8 808.5 916.9
Net income 1 923.6 620.7 -1,419 68.1 738.7 502 612 615
Net Debt 1 10,972 - 6,925 6,845 7,061 7,679 7,823 7,907
Reference price 2 72.20 55.45 48.68 48.76 56.65 43.90 43.90 43.90
Nbr of stocks (in thousands) 94,369 93,764 100,084 110,805 110,750 110,804 - -
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.($)
9.24x17.82x19.48x8.97% 5.44B
33.33x17.89x22.45x3.42% 119B
32.25x14.38x18.47x4.26% 68.35B
37.3x14.78x15.28x5.8% 53.04B
18.28x15.47x17.6x1.13% 38.41B
13.83x24.64x26.98x3.63% 16.23B
27.23x10.84x14.91x4.59% 15.7B
8.29x11.87x14.53x6.02% 14.75B
18.05x16.15x23.47x5.33% 14.05B
29.36x11.19x16.38x4.15% 13.37B
Average 22.72x 15.50x 18.96x 4.73% 35.84B
Weighted average by Cap. 28.81x 15.93x 19.43x 4.04%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Covivio

Historical PBR trend

Valuation ratios - PBR - Covivio

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Covivio

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Covivio


Year-on-year evolution of the Yield

Valuation ratios - Yield - Covivio