Company Valuation: Icade

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,776 3,044 2,693 1,741 1,668 1,462 - -
Change - -36.26% -11.54% -35.33% -4.21% -12.36% - -
Enterprise Value (EV) 1 11,709 9,921 6,141 5,195 5,114 4,515 4,317 4,069
Change - -15.28% -38.1% -15.41% -1.55% -11.72% -4.39% -5.74%
P/E 11.8x 56.4x -2.15x -6.31x -13.6x -11.7x 29.4x 6.66x
PBR 0.71x 0.46x 0.54x 0.4x 0.43x 0.38x 0.38x 0.37x
PEG - -0.7x 0x 0.1x 0.2x -8.65x -0x 0x
Capitalization / Revenue 2.88x 1.68x 1.76x 1.11x 1.15x 1.16x 1.1x 1.06x
EV / Revenue 7.05x 5.46x 4.02x 3.3x 3.53x 3.59x 3.26x 2.95x
EV / EBITDA 18.7x 15.3x 21.7x 21.7x 17.5x 18.5x 16.1x 14.8x
EV / EBIT 14.6x 25.9x 22.7x 18.7x 17.4x 14.9x 14.7x 14.1x
EV / FCF -23.5x -42.4x 4.66x 31.3x 21.6x 6.77x 8.65x 7.11x
FCF Yield -4.25% -2.36% 21.5% 3.2% 4.63% 14.8% 11.6% 14.1%
Dividend per Share 2 4.2 4.33 4.84 4.31 1.92 1.813 1.982 1.82
Rate of return 6.66% 10.8% 13.6% 18.8% 8.73% 9.4% 10.3% 9.44%
EPS 2 5.328 0.7136 -16.5 -3.64 -1.62 -1.642 0.6555 2.896
Distribution rate 78.8% 607% -29.3% -118% -119% -110% 302% 62.9%
Net sales 1 1,661 1,816 1,528 1,572 1,450 1,259 1,324 1,380
EBITDA 1 625.5 650.3 283 239 292.5 244.3 268.5 274.7
EBIT 1 800.6 382.5 270.1 277.5 294.6 302.5 293.2 288.5
Net income 1 400.1 54.1 -1,250 -275.9 -123 8.2 149.2 233.3
Net Debt 1 6,933 6,876 3,448 3,454 3,446 3,053 2,855 2,607
Reference price 2 63.10 40.24 35.54 22.98 22.00 19.28 19.28 19.28
Nbr of stocks (in thousands) 75,691 75,652 75,770 75,778 75,825 75,826 - -
Announcement Date 21/02/22 20/02/23 19/02/24 18/02/25 17/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.11x13.93x16.35x4.87% 17.08B
24.79x15.38x16.75x3.92% 6.99B
14.55x14.86x15.94x4.98% 6.63B
9.23x16.93x20.47x7.59% 6.24B
10.62x14.97x16.07x6.67% 6.09B
8.82x14.12x18.23x5.63% 6B
20.87x10.56x13.28x5.81% 4.86B
11.28x11.14x12.66x5.65% 4.68B
Average 15.78x 13.99x 16.22x 5.64% 7.32B
Weighted average by Cap. 17.84x 14.15x 16.40x 5.46%

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