Company Valuation: IMCD N.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,078 7,582 8,962 8,476 4,566 5,743 - -
Change - -31.56% 18.21% -5.42% -46.14% 25.78% - -
Enterprise Value (EV) 1 12,018 8,609 10,248 9,758 6,117 7,148 6,907 6,706
Change - -28.37% 19.04% -4.78% -37.31% 16.85% -3.38% -2.9%
P/E 53.6x 24.2x 30.7x 29.5x 21x 21.5x 19.8x 18.1x
PBR 7.59x 4.53x 5.2x 3.83x 2.24x 2.57x 2.34x 2.14x
PEG - 0.5x -4.56x -5.61x -0.9x 0.9x 2.3x 1.97x
Capitalization / Revenue 3.23x 1.65x 2.02x 1.79x 0.96x 1.11x 1.06x 1.01x
EV / Revenue 3.5x 1.87x 2.31x 2.06x 1.28x 1.38x 1.28x 1.18x
EV / EBITDA 30x 14.7x 18.7x 17.1x 11.3x 12.4x 11.3x 10.3x
EV / EBIT 39.3x 18.6x 23.9x 23x 16.5x 16.7x 15.1x 13.6x
EV / FCF 67.7x 31.1x 26.8x 38.6x 20.3x 22.2x 18.4x 17.7x
FCF Yield 1.48% 3.22% 3.73% 2.59% 4.94% 4.51% 5.43% 5.65%
Dividend per Share 2 1.62 2.37 2.24 2.15 1.81 1.971 2.121 2.199
Rate of return 0.83% 1.78% 1.42% 1.5% 2.34% 2.03% 2.18% 2.26%
EPS 2 3.63 5.5 5.13 4.86 3.68 4.528 4.918 5.37
Distribution rate 44.6% 43.1% 43.7% 44.2% 49.2% 43.5% 43.1% 41%
Net sales 1 3,435 4,602 4,443 4,728 4,779 5,173 5,414 5,698
EBITDA 1 401 584.5 547.8 572.3 539.2 578.6 613.7 649.9
EBIT 1 305.5 461.7 428.5 425.1 371.3 427.5 458.7 492.8
Net income 1 207.2 313.1 292.3 278.2 217.6 262.8 290.3 319.3
Net Debt 1 940 1,027 1,286 1,282 1,552 1,405 1,164 963.5
Reference price 2 194.70 133.15 157.55 143.50 77.34 97.26 97.26 97.26
Nbr of stocks (in thousands) 56,898 56,944 56,887 59,069 59,033 59,045 - -
Announcement Date 25/02/22 23/02/23 01/03/24 05/03/25 18/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.76x1.4x12.48x2% 6.67B
18.11x1.17x11.42x3.9% 1.28B
21.86x - - - 476M
Average 20.57x 1.28x 11.95x 2.95% 2.81B
Weighted average by Cap. 21.21x 1.36x 12.31x 2.31%

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

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