Company Valuation: TF1

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,836 1,506 1,505 1,544 1,757 1,420 - -
Change - -17.99% -0.08% 2.58% 13.82% -19.17% - -
Enterprise Value (EV) 1 1,702 1,180 999.7 1,038 1,242 1,040 1,076 1,172
Change - -30.64% -15.31% 3.79% 19.75% -16.32% 3.45% 9%
P/E 8.15x 8.62x 7.84x 7.54x 11.6x 13.8x 13x 10.4x
PBR 1.04x 0.81x 0.77x 0.75x 0.85x 0.69x 0.7x 0.73x
PEG - -0.4x 0.81x 1.14x -0.5x -0.4x 2.16x 0.4x
Capitalization / Revenue 0.76x 0.6x 0.66x 0.66x 0.76x 0.64x 0.63x 0.62x
EV / Revenue 0.7x 0.47x 0.44x 0.44x 0.54x 0.47x 0.48x 0.51x
EV / EBITDA 2.38x 1.55x 1.58x 1.48x 1.87x 1.85x 1.88x 1.94x
EV / EBIT 4.96x 3.73x 3.54x 3.59x 5.14x 6.72x 7.21x 6.36x
EV / FCF 5.35x 7.81x 3.04x 5.32x 16.2x -231x - -
FCF Yield 18.7% 12.8% 32.9% 18.8% 6.19% -0.43% - -
Dividend per Share 2 0.45 0.5 0.55 0.6 0.63 0.6506 0.6764 0.7233
Rate of return 5.16% 6.99% 7.71% 8.2% 7.56% 9.77% 10.2% 10.9%
EPS 2 1.07 0.83 0.91 0.97 0.72 0.4839 0.513 0.6396
Distribution rate 42.1% 60.2% 60.4% 61.9% 87.5% 134% 132% 113%
Net sales 1 2,427 2,508 2,297 2,356 2,297 2,207 2,243 2,285
EBITDA 1 714.2 762.1 632.4 700 665.3 561.8 571.7 603.8
EBIT 1 343.2 316.2 282.7 289 241.8 154.7 149.2 184.2
Net income 1 225.3 176.1 191.9 206 152.8 98.08 106.2 125
Net Debt 1 -134.8 -325.7 -505.1 -506.1 -514.6 -380.5 -344.6 -247.9
Reference price 2 8.725 7.155 7.135 7.315 8.330 6.660 6.660 6.660
Nbr of stocks (in thousands) 210,486 210,486 210,898 211,022 210,925 210,240 - -
Announcement Date 11/02/22 15/02/23 15/02/24 13/02/25 13/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.76x0.46x1.82x9.77% 1.6B
16.4x2.01x9.19x1.56% 167B
71.01x6.6x29.75x-.--% 23.63B
19.53x2.07x20.44x1.17% 6B
43.74x - - 2.05% 4.11B
11.56x0.96x6.02x6.21% 4B
-5.86x2.11x7.81x-.--% 3.81B
30.24x1.67x60.6x3.26% 3.36B
12.7x0.59x4.7x1.23% 3.18B
7.24x0.73x3.25x6.37% 2.4B
Average 22.03x 1.91x 15.95x 3.16% 21.92B
Weighted average by Cap. 22.45x 2.45x 12.29x 1.58%

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