Company Valuation: Gecina

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,059 7,022 8,134 6,688 5,992 5,585 - -
Change - -22.49% 15.83% -17.78% -10.41% -6.79% - -
Enterprise Value (EV) 1 15,957 14,199 14,334 13,188 12,746 12,297 12,615 12,619
Change - -11.02% 0.95% -7.99% -3.36% -3.52% 2.59% 0.03%
P/E 10.7x 41.4x -4.56x 21.7x 13.4x 9.4x 9.38x 8.55x
PBR 0.7x 0.55x 0.77x 0.64x 0.57x 0.52x 0.51x 0.49x
PEG - -0.5x 0x -0x 0.3x 0.3x 42.36x 0.88x
Capitalization / Revenue 14.8x 11.2x 12.2x 9.63x 8.41x 7.77x 7.61x 7.28x
EV / Revenue 26x 22.7x 21.5x 19x 17.9x 17.1x 17.2x 16.4x
EV / EBITDA 33.5x 28.6x 26.8x 23.3x 21.6x 20.7x 20.7x 19.9x
EV / EBIT 34.3x 28.9x 28.4x 23.8x 21.9x 20.8x 20.6x 20.2x
EV / FCF 23.6x 64.9x 99.2x 90.8x 47.4x 25.3x 33.3x 18.6x
FCF Yield 4.23% 1.54% 1.01% 1.1% 2.11% 3.96% 3% 5.37%
Dividend per Share 2 5.3 5.3 5.3 5.45 5.5 5.62 5.741 5.804
Rate of return 4.31% 5.57% 4.81% 6.03% 6.8% 7.46% 7.62% 7.7%
EPS 2 11.53 2.299 -24.15 4.175 6.028 8.015 8.033 8.811
Distribution rate 46% 231% -21.9% 131% 91.2% 70.1% 71.5% 65.9%
Net sales 1 613.3 625.9 666.8 694.5 712.6 718.8 733.6 767.3
EBITDA 1 476.4 496.5 535 565.7 589.7 595.4 608.1 635.6
EBIT 1 464.6 491.5 505.3 554 582.2 591.7 611.8 624.4
Net income 1 849.3 169.6 -1,787 309.8 448.2 670.4 685.9 878.6
Net Debt 1 6,898 7,177 6,200 6,500 6,754 6,712 7,030 7,034
Reference price 2 122.90 95.15 110.10 90.45 80.90 75.35 75.35 75.35
Nbr of stocks (in thousands) 73,714 73,802 73,881 73,945 74,065 74,119 - -
Announcement Date 17/02/22 15/02/23 14/02/24 13/02/25 10/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.6x13.75x16.14x4.97% 16.75B
24.6x14.99x16.3x3.93% 6.94B
8.8x14.01x18.13x6.13% 6.77B
14.46x14.8x15.88x5.01% 6.57B
10.56x14.92x16.01x6.71% 6.04B
8.64x13.96x18.02x5.75% 5.86B
11.28x11.14x12.66x5.65% 4.66B
20.36x10.4x13.09x5.95% 4.74B
Average 15.54x 13.50x 15.78x 5.51% 7.29B
Weighted average by Cap. 17.45x 13.71x 16.01x 5.38%

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