Company Valuation: NEPI Rockcastle N.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,556 3,455 3,974 4,959 5,332 5,471 - -
Change - -2.86% 15.05% 24.78% 7.52% 2.6% - -
Enterprise Value (EV) 1 5,351 5,805 6,204 7,478 8,033 8,490 8,873 9,146
Change - 8.49% 6.87% 20.54% 7.42% 5.69% 4.51% 3.07%
P/E - - - 8.07x 10.7x 8.99x 8.73x 7.72x
PBR 0.96x 0.88x 0.92x 0.96x 1.07x 1.04x 0.99x 0.95x
PEG - - - - -0.5x 0.4x 2.89x 0.6x
Capitalization / Revenue 10.3x 8.54x 8.09x 8.92x 8.63x 8.33x 7.77x 7.11x
EV / Revenue 15.4x 14.3x 12.6x 13.5x 13x 12.9x 12.6x 11.9x
EV / EBITDA 18.8x 14.7x 13.4x 14.2x 13.9x 14.1x 13.3x 12x
EV / EBIT 16.7x 10.8x 13.5x 14.2x 14x 13.9x 13.6x 13.1x
EV / FCF - - 35.7x 25.6x 31.6x 113x 27.1x 22.1x
FCF Yield - - 2.8% 3.91% 3.16% 0.89% 3.7% 4.52%
Dividend per Share 2 0.3442 0.5068 0.5128 0.5416 0.5583 0.5798 0.6142 0.6585
Rate of return 5.89% 8.93% 8.2% 7.67% 7.44% 7.57% 8.02% 8.6%
EPS 2 - - - 0.875 0.7014 0.8518 0.8776 0.992
Distribution rate - - - 61.9% 79.6% 68.1% 70% 66.4%
Net sales 1 346.9 404.6 491.2 555.9 618.1 656.5 704.3 769
EBITDA 1 284.9 395.5 462 527.5 576.7 603.3 665.6 763.8
EBIT 1 320.6 539.9 460.6 525.9 575.1 611.7 653 695.6
Net income 1 235 - 476.8 587.6 498.8 594.8 598.6 763.4
Net Debt 1 1,794 2,350 2,229 2,519 2,701 3,019 3,402 3,675
Reference price 2 5.840 5.673 6.251 7.059 7.503 7.661 7.661 7.661
Nbr of stocks (in thousands) 608,995 608,995 635,830 702,551 710,717 707,299 - -
Announcement Date 23/02/22 24/02/23 20/02/24 25/02/25 24/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.99x12.85x13.99x7.57% 6.08B
60.45x - - - 64.84B
12.53x4.39x11.26x3.84% 39.66B
18.95x4.08x16.42x1.29% 29.2B
5.7x0.76x1.57x8.68% 27.72B
8.25x1.49x8.35x4.29% 27.48B
14.28x3.13x14.99x2.45% 26.31B
10x1.96x8.06x4.2% 20.11B
7.43x0.82x2.99x3.01% 18.99B
13.34x6.46x16.98x1.63% 19.09B
Average 15.99x 3.99x 10.51x 4.11% 27.95B
Weighted average by Cap. 22.83x 3.23x 10.35x 3.88%

Y-o-Y evolution of P/E

Valuation ratios - P/E - NEPI Rockcastle N.V.

Historical PBR trend

Valuation ratios - PBR - NEPI Rockcastle N.V.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - NEPI Rockcastle N.V.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - NEPI Rockcastle N.V.


Year-on-year evolution of the Yield

Valuation ratios - Yield - NEPI Rockcastle N.V.
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