Company Valuation: Ipsos SA

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 1,544 - -
Change - 41.8% -5.68% -19.33% -25.22% 4.4% - -
Enterprise Value (EV) 1 2,150 2,598 2,695 2,147 1,837 1,901 1,822 1,660
Change - 20.84% 3.72% -20.34% -14.45% 3.47% -4.16% -8.84%
P/E 10.2x 12.3x 15.8x 9.85x 8.02x 7.53x 6.85x 6.41x
PBR 1.37x 1.75x 1.73x 1.25x - 0.92x 0.88x 0.8x
PEG - 0.7x -0.7x 0.3x -0.96x 0.6x 0.69x 0.94x
Capitalization / Revenue 0.85x 1.08x 1.03x 0.81x 0.59x 0.6x 0.59x 0.57x
EV / Revenue 1x 1.08x 1.13x 0.88x 0.73x 0.74x 0.69x 0.61x
EV / EBITDA 6.02x 6.45x 6.21x 5.23x 4.47x 4.81x 4.35x 3.78x
EV / EBIT 7.75x 8.26x 8.63x 6.72x 5.94x 6.17x 5.56x 4.8x
EV / FCF 7.11x 9.62x 11.9x 8.01x 8.39x 9.59x 9.32x 7.57x
FCF Yield 14.1% 10.4% 8.37% 12.5% 11.9% 10.4% 10.7% 13.2%
Dividend per Share 2 1.15 1.35 1.65 1.85 2 2.115 2.298 2.46
Rate of return 2.79% 2.31% 2.91% 4.03% 5.84% 5.86% 6.37% 6.82%
EPS 2 4.04 4.74 3.59 4.66 4.27 4.792 5.267 5.628
Distribution rate 28.5% 28.5% 46% 39.7% 46.8% 44.1% 43.6% 43.7%
Net sales 1 2,147 2,405 2,390 2,441 2,525 2,557 2,633 2,715
EBITDA 1 357.2 402.9 434.1 410.7 410.6 395 418.3 439.8
EBIT 1 277.4 314.7 312.4 319.5 309.3 308.2 327.5 346.1
Net income 1 183.9 215.2 159.7 204.5 186.6 201 218.3 234.3
Net Debt 1 317.8 - 244.3 169.8 358.3 357 278 116.9
Reference price 2 41.25 58.50 56.75 45.92 34.26 36.10 36.10 36.10
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.($)
12.71x1.4x6.31x4.43% 25.23B
9.09x1.06x5.64x4.3% 23.07B
11.84x5.21x9.46x7.41% 10.62B
15.76x - - 3.22% 5.19B
17.28x0.61x6.04x1.4% 4.61B
8.65x0.64x3.83x5.4% 4.04B
-34.17x1.38x5.84x-.--% 3.24B
Average 5.88x 1.72x 6.19x 3.74% 10.86B
Weighted average by Cap. 9.76x 1.76x 6.39x 4.4%

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