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 10,742 - -
Change - 2.64% 33.78% -4.21% 37.41% 9.33% - -
Enterprise Value (EV) 1 8,154 7,038 9,426 9,634 12,457 14,678 14,451 14,124
Change - -13.69% 33.93% 2.21% 29.3% 17.83% -1.55% -2.26%
P/E 9.1x 6.07x 9.64x 21.8x 16.9x 15.2x 12.9x 11.6x
PBR 1.19x 1.06x 1.35x 1.31x 1.79x 1.88x 1.74x 1.61x
PEG - 0.1x -0.6x -0.4x 0.2x 0.7x 0.7x 1x
Capitalization / Revenue 0.37x 0.3x 0.39x 0.37x 0.51x 0.52x 0.49x 0.47x
EV / Revenue 0.56x 0.38x 0.49x 0.5x 0.64x 0.71x 0.66x 0.62x
EV / EBITDA 6.76x 4.09x 5.72x 6.36x 8.02x 8.6x 7.8x 7.14x
EV / EBIT 9x 5.14x 7.25x 8.51x 10.8x 11.4x 10.1x 9.1x
EV / FCF 19.2x 14x 16.6x 19x 30.7x 20.5x 19.9x 19x
FCF Yield 5.22% 7.14% 6.02% 5.25% 3.26% 4.88% 5.02% 5.26%
Dividend per Share 2 0.75 1.2 1.2 1.2 1.2 1.213 1.286 1.369
Rate of return 4.21% 6.51% 4.84% 4.88% 3.57% 3.32% 3.52% 3.75%
EPS 2 1.96 3.04 2.57 1.13 1.99 2.398 2.824 3.158
Distribution rate 38.3% 39.5% 46.7% 106% 60.3% 50.6% 45.6% 43.3%
Net sales 1 14,690 18,702 19,153 19,285 19,415 20,554 21,754 22,742
EBITDA 1 1,207 1,722 1,647 1,516 1,552 1,706 1,852 1,978
EBIT 1 906 1,368 1,300 1,132 1,158 1,290 1,430 1,552
Net income 1 597.6 922.3 774.7 341 591.4 710 829 921.7
Net Debt 1 2,718 1,458 1,962 2,484 2,631 3,937 3,709 3,382
Reference price 2 17.83 18.44 24.77 24.60 33.59 36.51 36.51 36.51
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.($)
15.22x0.71x8.6x3.32% 12.47B
21.72x0.85x12.22x0.56% 17.36B
11.63x - - 3.11% 1.1B
13.54x - - 2.19% 864M
66.67x - - - 694M
16.1x1.24x9.14x3.11% 397M
Average 24.15x 0.93x 9.99x 2.46% 5.48B
Weighted average by Cap. 19.59x 0.80x 10.69x 1.79%

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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