Company Valuation: Ipsos

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,832 2,598 2,451 1,977 1,478 1,792 - -
Change - 41.8% -5.68% -19.33% -25.22% 21.18% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 2,164 2,076 1,918
Change - 20.84% 3.72% -20.34% -14.45% 17.84% -4.09% -7.59%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 8.79x 8.06x 7.56x
PBR 1.37x 1.75x 1.73x 1.25x 0.94x 1.03x 1.01x 0.92x
PEG - 0.7x -0.7x 0.3x -0.96x 0.8x 0.89x 1.13x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.7x 0.68x 0.66x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.84x 0.79x 0.7x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 5.47x 4.95x 4.35x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 7.06x 6.33x 5.54x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 12x 10.6x 8.71x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 8.32% 9.43% 11.5%
Dividend per Share 2 1.15 1.35 1.65 1.85 2 2.14 2.318 2.472
Rate of return 2.79% 2.31% 2.91% 4.03% 5.84% 5.11% 5.53% 5.9%
EPS 2 4.04 4.74 3.59 4.66 4.27 4.767 5.197 5.543
Distribution rate 28.5% 28.5% 46% 39.7% 46.8% 44.9% 44.6% 44.6%
Net sales 1 2,147 2,405 2,390 2,441 2,525 2,562 2,638 2,722
EBITDA 1 357.2 402.9 434.1 410.7 410.6 395.4 419.5 441.1
EBIT 1 277.4 314.7 312.4 319.5 309.3 306.5 327.8 346.4
Net income 1 183.9 215.2 159.7 204.5 186.6 195 217.7 233
Net Debt 1 317.8 - 244.3 169.8 358.3 372.8 284.2 126.6
Reference price 2 41.25 58.50 56.75 45.92 34.26 41.90 41.90 41.90
Nbr of stocks (in thousands) 44,424 44,419 43,186 43,057 43,153 42,757 - -
Announcement Date 23/02/22 15/02/23 21/02/24 26/02/25 24/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.39x1.47x6.64x4.18% 26.7B
9.65x1.12x5.95x4.36% 24.57B
12.72x5.62x10.21x6.9% 11.41B
16.13x1.23x4.17x3.11% 5.36B
17.66x0.63x6.15x1.36% 4.69B
9.92x0.68x4.11x4.71% 4.57B
-36.37x1.43x6.04x-.--% 3.45B
18.61x0.4x5.67x2.43% 2.88B
Average 7.71x 1.57x 6.12x 3.38% 10.46B
Weighted average by Cap. 10.55x 1.79x 6.54x 4.17%

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