Company Valuation: INDITEX

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 83,293 89,057 123,620 164,209 171,311 168,273 - -
Change - 6.92% 38.81% 32.83% 4.32% -1.77% - -
Enterprise Value (EV) 1 73,934 78,987 112,214 152,714 160,353 162,736 161,726 160,082
Change - 6.83% 42.07% 36.09% 5% 1.49% -0.62% -1.02%
P/E 25.7x 21.6x 23x 28x 27.5x 24.9x 22.8x 21x
PBR 5.29x 5.24x 6.63x 8.34x 8.4x 7.91x 7.37x 7.05x
PEG - 0.8x 0.8x 3.12x 4.47x 2.95x 2.46x 2.43x
Capitalization / Revenue 3.01x 2.73x 3.44x 4.25x 4.3x 3.92x 3.65x 3.41x
EV / Revenue 2.67x 2.43x 3.12x 3.95x 4.02x 3.79x 3.51x 3.24x
EV / EBITDA 10.3x 9.13x 11.4x 14.2x 14.2x 13.5x 12.4x 11.4x
EV / EBIT 17.3x 14.3x 16.5x 20.2x 20.1x 18.8x 17.1x 15.6x
EV / FCF 13.1x 21.7x 16.5x 23.1x 34.2x 25.7x 22.6x 20.5x
FCF Yield 7.61% 4.61% 6.06% 4.33% 2.92% 3.9% 4.43% 4.88%
Dividend per Share 2 0.93 1.2 1.54 1.68 1.75 1.927 2.091 2.266
Rate of return 3.48% 4.19% 3.88% 3.19% 3.18% 3.57% 3.87% 4.19%
EPS 2 1.042 1.327 1.729 1.884 2 2.169 2.37 2.574
Distribution rate 89.3% 90.4% 89.1% 89.2% 87.5% 88.9% 88.2% 88%
Net sales 1 27,716 32,569 35,947 38,632 39,864 42,901 46,109 49,367
EBITDA 1 7,183 8,649 9,850 10,728 11,267 12,060 13,063 14,074
EBIT 1 4,282 5,520 6,809 7,554 7,997 8,678 9,463 10,254
Net income 1 3,243 4,130 5,381 5,866 6,220 6,747 7,374 8,001
Net Debt 1 -9,359 -10,070 -11,406 -11,495 -10,958 -5,537 -6,547 -8,191
Reference price 2 26.74 28.62 39.71 52.72 55.00 54.02 54.02 54.02
Nbr of stocks (in thousands) 3,114,926 3,111,719 3,113,070 3,114,746 3,114,746 3,115,009 - -
Announcement Date 16/03/22 15/03/23 13/03/24 12/03/25 10/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.91x3.79x13.49x3.57% 195B
39.79x4.89x20.23x0.94% 133B
26.75x2.72x17.51x0.77% 73.71B
46.35x2.58x9.79x1.43% 33.96B
20.89x1.42x8.05x4.46% 27.09B
14.97x2.91x11.22x1.58% 23.63B
18.14x2.52x11.23x1.97% 22.67B
20.81x1.24x10.56x-.--% 15.02B
15.07x1.8x7.6x4.27% 10.76B
Average 25.30x 2.65x 12.19x 2.11% 59.44B
Weighted average by Cap. 28.98x 3.52x 14.81x 2.2%

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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