Company Valuation: SIPEF

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 674.2 654.6 609.2 611.5 993.2 1,295 - -
Change - -2.91% -6.93% 0.38% 62.41% 30.37% - -
Enterprise Value (EV) 1 723.4 662.4 638 629.6 904.8 1,191 1,165 1,102
Change - -8.44% -3.68% -1.31% 43.71% 31.64% -2.16% -5.44%
P/E 7.2x 6.08x 8.39x 9.3x 7.93x 10.3x 10.5x 10.2x
PBR 0.93x 0.8x 0.71x - 0.99x - - -
PEG - 0.4x -0.3x -0.98x 0.1x 20.63x -5.51x 3.78x
Capitalization / Revenue 1.62x 1.24x 1.37x 1.38x 1.74x 2.1x 2.19x 2.2x
EV / Revenue 1.74x 1.26x 1.44x 1.42x 1.59x 1.93x 1.97x 1.87x
EV / EBITDA 4.1x 2.93x 3.97x 3.94x 3.74x 4.66x 4.93x 4.57x
EV / EBIT 5.66x 3.71x 5.91x 6.05x 4.82x 6.1x 6.08x 5.6x
EV / FCF 7.89x 7.7x 40.8x - 6.81x 13.5x 11.4x 9.97x
FCF Yield 12.7% 13% 2.45% - 14.7% 7.39% 8.74% 10%
Dividend per Share 2 2.273 3.202 2.152 2.089 5.103 4.565 4.52 4.585
Rate of return 3.51% 5.09% 3.67% 3.55% 5.35% 3.68% 3.64% 3.69%
EPS 2 8.99 10.36 6.98 6.32 12.02 12.08 11.85 12.17
Distribution rate 25.3% 30.9% 30.8% 33.1% 42.5% 37.8% 38.1% 37.7%
Net sales 1 416.1 527.5 443.9 443.8 570.4 616 592 589
EBITDA 1 176.4 226.3 160.7 160 242 255.6 236.4 241.2
EBIT 1 127.8 178.3 108 104.1 187.7 195.2 191.7 196.9
Net income 1 93.75 108.2 72.74 65.84 125.4 129.9 118.7 121.8
Net Debt 1 49.19 7.765 28.77 18.09 -88.36 -103.7 -129.4 -192.8
Reference price 2 64.71 62.95 58.58 58.81 95.34 124.22 124.22 124.22
Nbr of stocks (in thousands) 10,419 10,399 10,399 10,399 10,417 10,424 - -
Announcement Date 17/02/22 16/02/23 15/02/24 13/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.28x1.93x4.66x3.68% 1.29B
15.88x2.2x9.57x3.16% 10.59B
20.22x2.7x15.08x2.42% 7.34B
12.94x3.36x8.23x4.48% 5.6B
13.2x1.09x8.86x3.21% 4.77B
14.62x2.23x7.39x4.77% 2.93B
9.76x3.17x8.26x9.5% 2.25B
40.29x - - - 1.23B
Average 17.15x 2.38x 8.86x 4.46% 4.5B
Weighted average by Cap. 16.10x 2.40x 9.97x 3.79%

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