Company Valuation: Ipsen

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,621 8,279 8,912 9,155 9,770 11,602 - -
Change - 25.05% 7.65% 2.72% 6.72% 18.75% - -
Enterprise Value (EV) 1 6,758 7,894 8,860 9,020 9,225 10,341 9,326 8,476
Change - 16.81% 12.22% 1.81% 2.28% 12.1% -9.82% -9.12%
P/E 10.4x 12.9x 14x 26.7x 22.4x 11.8x 11.9x 12.1x
PBR 2.42x - 2.36x 2.22x 2.3x 2.32x 1.97x 1.71x
PEG - 20.02x -13.67x -0.6x 0.8x 0x -13.12x -6.79x
Capitalization / Revenue 2.31x 2.74x 2.85x 2.69x 2.49x 2.53x 2.48x 2.38x
EV / Revenue 2.36x 2.61x 2.83x 2.65x 2.35x 2.25x 1.99x 1.74x
EV / EBITDA 5.8x 5.86x 10.1x 7.52x 6.67x 5.37x 5.2x 4.72x
EV / EBIT 6.68x 7.08x 8.85x 8.13x 7.13x 6.2x 6.15x 5.75x
EV / FCF 8.31x 9.02x 12.5x 11.6x 8.93x 8.58x 7.59x 6.81x
FCF Yield 12% 11.1% 8.02% 8.59% 11.2% 11.7% 13.2% 14.7%
Dividend per Share 2 1.2 1.2 1.2 1.4 1.4 1.535 1.532 1.655
Rate of return 1.49% 1.19% 1.11% 1.26% 1.18% 1.08% 1.08% 1.17%
EPS 2 7.76 7.81 7.73 4.15 5.32 12.02 11.91 11.7
Distribution rate 15.5% 15.4% 15.5% 33.7% 26.3% 12.8% 12.9% 14.1%
Net sales 1 2,869 3,025 3,128 3,401 3,929 4,590 4,687 4,879
EBITDA 1 1,166 1,348 881.4 1,200 1,383 1,926 1,794 1,796
EBIT 1 1,011 1,115 1,001 1,109 1,294 1,668 1,516 1,475
Net income 1 646.6 647.5 647.2 347.3 444.5 1,012 1,002 984.1
Net Debt 1 137.8 -384.7 -52.9 -134.9 -544.5 -1,260 -2,275 -3,126
Reference price 2 80.50 100.50 107.90 110.70 119.00 141.50 141.50 141.50
Nbr of stocks (in thousands) 82,243 82,380 82,599 82,700 82,100 81,990 - -
Announcement Date 11/02/22 09/02/23 08/02/24 13/02/25 12/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.06x2.3x5.48x1.06% 13.31B
33.76x12.26x24.76x0.58% 1,060B
28.75x6.35x18.21x2.07% 623B
34.38x7.99x16.52x2.56% 480B
103.88x5.82x24.82x2.39% 352B
19.43x4.75x11.8x2.78% 345B
20.28x5.28x13.08x3.01% 274B
20.79x4.27x12.2x2.08% 249B
26.09x6.8x12.11x2.44% 223B
-44.42x6.54x25.48x2.24% 182B
Average 25.50x 6.24x 16.45x 2.12% 380.13B
Weighted average by Cap. 32.12x 7.82x 19.03x 1.91%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Ipsen

Historical PBR trend

Valuation ratios - PBR - Ipsen

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Ipsen

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Ipsen


Year-on-year evolution of the Yield

Valuation ratios - Yield - Ipsen