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 13,373 - -
Change - 25.05% 7.65% 2.72% 6.72% 36.88% - -
Enterprise Value (EV) 1 6,758 7,894 8,860 9,020 9,225 12,135 11,073 10,263
Change - 16.81% 12.22% 1.81% 2.28% 31.53% -8.75% -7.31%
P/E 10.4x 12.9x 14x 26.7x 22.4x 13.6x 13.9x 14x
PBR 2.42x - 2.36x 2.22x 2.3x 2.62x 2.22x 1.92x
PEG - 20.02x -13.67x -0.6x 0.8x 0x -6.24x -23.26x
Capitalization / Revenue 2.31x 2.74x 2.85x 2.69x 2.49x 2.94x 2.88x 2.76x
EV / Revenue 2.36x 2.61x 2.83x 2.65x 2.35x 2.67x 2.39x 2.12x
EV / EBITDA 5.8x 5.86x 10.1x 7.52x 6.67x 6.41x 6.24x 5.73x
EV / EBIT 6.68x 7.08x 8.85x 8.13x 7.13x 7.33x 7.34x 6.87x
EV / FCF 8.31x 9.02x 12.5x 11.6x 8.93x 9.41x 9.1x 8.35x
FCF Yield 12% 11.1% 8.02% 8.59% 11.2% 10.6% 11% 12%
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% 0.94% 0.94% 1.01%
EPS 2 7.76 7.81 7.73 4.15 5.32 12.02 11.75 11.68
Distribution rate 15.5% 15.4% 15.5% 33.7% 26.3% 12.8% 13% 14.2%
Net sales 1 2,869 3,025 3,128 3,401 3,929 4,543 4,637 4,840
EBITDA 1 1,166 1,348 881.4 1,200 1,383 1,893 1,776 1,792
EBIT 1 1,011 1,115 1,001 1,109 1,294 1,656 1,508 1,494
Net income 1 646.6 647.5 647.2 347.3 444.5 1,011 985.4 981.3
Net Debt 1 137.8 -384.7 -52.9 -134.9 -544.5 -1,238 -2,299 -3,109
Reference price 2 80.50 100.50 107.90 110.70 119.00 163.10 163.10 163.10
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.($)
33.48x12.15x24.63x0.59% 1,047B
29.56x - - 2.02% 646B
32.95x7.64x15.89x2.66% 451B
20.28x4.82x11.94x2.74% 355B
22.04x5.68x14.08x2.82% 291B
21.17x4.34x12.4x2.03% 252B
27.64x7.13x12.67x2.31% 234B
13.24x4.76x9.94x3.83% 203B
-45.49x6.56x25.62x2.21% 181B
Average 17.21x 6.64x 15.90x 2.36% 406.59B
Weighted average by Cap. 24.29x 8.11x 17.93x 1.95%

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