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 1,430 - -
Change - -17.99% -0.08% 2.58% 13.82% -18.63% - -
Enterprise Value (EV) 1 1,702 1,180 999.7 1,038 1,242 1,051 1,088 1,182
Change - -30.64% -15.31% 3.79% 19.75% -15.37% 3.5% 8.6%
P/E 8.15x 8.62x 7.84x 7.54x 11.6x 14.3x 13.3x 10.6x
PBR 1.04x 0.81x 0.77x 0.75x 0.85x 0.71x 0.72x 0.75x
PEG - -0.4x 0.81x 1.14x -0.5x -0.4x 1.81x 0.4x
Capitalization / Revenue 0.76x 0.6x 0.66x 0.66x 0.76x 0.65x 0.64x 0.63x
EV / Revenue 0.7x 0.47x 0.44x 0.44x 0.54x 0.48x 0.49x 0.52x
EV / EBITDA 2.38x 1.55x 1.58x 1.48x 1.87x 1.89x 1.91x 1.96x
EV / EBIT 4.96x 3.73x 3.54x 3.59x 5.14x 6.98x 7.37x 6.41x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
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% 9.57% 9.95% 10.6%
EPS 2 1.07 0.83 0.91 0.97 0.72 0.4747 0.5095 0.6396
Distribution rate 42.1% 60.2% 60.4% 61.9% 87.5% 137% 133% 113%
Net sales 1 2,427 2,508 2,297 2,356 2,297 2,199 2,239 2,285
EBITDA 1 714.2 762.1 632.4 700 665.3 556.6 569.7 603.8
EBIT 1 343.2 316.2 282.7 289 241.8 150.7 147.7 184.2
Net income 1 225.3 176.1 191.9 206 152.8 95.18 105.1 125
Net Debt 1 -134.8 -325.7 -505.1 -506.1 -514.6 -378.2 -341.4 -247.9
Reference price 2 8.725 7.155 7.135 7.315 8.330 6.800 6.800 6.800
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.($)
16.4x2.01x9.16x1.57% 167B
44.18x6.31x27.11x-.--% 24.31B
18.58x2.03x19.99x1.6% 5.91B
41.21x - - 2.17% 3.89B
10.7x0.89x5.61x6.76% 3.71B
15.38x1.72x18.44x4.86% 3.6B
-5.75x2.01x7.49x-.--% 3.45B
13.14x0.56x4.51x1.27% 3.06B
7.64x0.72x3.23x6.13% 2.3B
Average 17.94x 2.03x 11.94x 2.71% 24.13B
Weighted average by Cap. 19.41x 2.44x 11.44x 1.56%

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