Company Valuation: Rexel

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,436 5,580 7,465 7,150 9,825 10,374 - -
Change - 2.64% 33.78% -4.21% 37.41% 5.58% - -
Enterprise Value (EV) 1 8,154 7,038 9,426 9,634 12,457 14,306 14,072 13,742
Change - -13.69% 33.93% 2.21% 29.3% 14.84% -1.63% -2.35%
P/E 9.1x 6.07x 9.64x 21.8x 16.9x 14.6x 12.4x 11.1x
PBR 1.19x 1.06x 1.35x 1.31x 1.79x 1.81x 1.68x 1.55x
PEG - 0.1x -0.6x -0.4x 0.2x 0.7x 0.7x 0.9x
Capitalization / Revenue 0.37x 0.3x 0.39x 0.37x 0.51x 0.5x 0.48x 0.46x
EV / Revenue 0.56x 0.38x 0.49x 0.5x 0.64x 0.7x 0.65x 0.6x
EV / EBITDA 6.76x 4.09x 5.72x 6.36x 8.02x 8.37x 7.58x 6.93x
EV / EBIT 9x 5.14x 7.25x 8.51x 10.8x 11.1x 9.82x 8.83x
EV / FCF 19.2x 14x 16.6x 19x 30.7x 20x 19.4x 18.5x
FCF Yield 5.22% 7.14% 6.02% 5.25% 3.26% 5.01% 5.15% 5.41%
Dividend per Share 2 0.75 1.2 1.2 1.2 1.2 1.213 1.29 1.373
Rate of return 4.21% 6.51% 4.84% 4.88% 3.57% 3.44% 3.66% 3.9%
EPS 2 1.96 3.04 2.57 1.13 1.99 2.409 2.834 3.169
Distribution rate 38.3% 39.5% 46.7% 106% 60.3% 50.3% 45.5% 43.3%
Net sales 1 14,690 18,702 19,153 19,285 19,415 20,558 21,759 22,748
EBITDA 1 1,207 1,722 1,647 1,516 1,552 1,710 1,856 1,983
EBIT 1 906 1,368 1,300 1,132 1,158 1,294 1,433 1,556
Net income 1 597.6 922.3 774.7 341 591.4 714 832.9 926.2
Net Debt 1 2,718 1,458 1,962 2,484 2,631 3,932 3,698 3,368
Reference price 2 17.83 18.44 24.77 24.60 33.59 35.26 35.26 35.26
Nbr of stocks (in thousands) 304,893 302,604 301,362 290,666 292,507 294,212 - -
Announcement Date 11/02/22 16/02/23 14/02/24 12/02/25 11/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.64x0.7x8.37x3.44% 11.97B
20.53x0.82x11.69x0.59% 16.41B
11.64x - - 3.11% 1.09B
13.29x - - 2.23% 843M
65.89x - - - 682M
15.89x1.22x9.03x3.15% 390M
Average 23.65x 0.91x 9.70x 2.5% 5.23B
Weighted average by Cap. 18.71x 0.77x 10.27x 1.87%

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

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