Company Valuation: Aedifica

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,172 3,021 3,027 2,672 3,210 5,705 - -
Change - -27.59% 0.18% -11.7% 20.1% 77.75% - -
Enterprise Value (EV) 1 6,238 5,460 5,289 5,167 5,673 10,504 10,415 10,822
Change - -12.47% -3.13% -2.29% 9.78% 85.17% -0.85% 3.91%
P/E 14.2x 8.7x 114x 13x 13.1x 7.83x 10.3x 10.1x
PBR 1.5x 0.92x 0.85x 0.73x 0.88x 0.84x 0.81x 0.78x
PEG - 1.16x -1.2x 0x 0.7x 0.1x -0.4x 5.9x
Capitalization / Revenue 18x 11.1x 9.63x 7.9x 8.89x 8.4x 8.11x 7.33x
EV / Revenue 26.9x 20x 16.8x 15.3x 15.7x 15.5x 14.8x 13.9x
EV / EBITDA 32.3x 23.8x 19.9x 17.8x 18.2x 18x 16.9x 15.6x
EV / EBIT 32.3x 23.8x 19.9x 17.8x 18.2x 18.1x 14.9x 15.6x
EV / FCF -54.5x - -181x 10.2x 32.6x 346x 17.8x 17.9x
FCF Yield -1.83% - -0.55% 9.83% 3.06% 0.29% 5.61% 5.58%
Dividend per Share 2 3.4 3.7 3.8 3.9 4 4.18 4.298 4.43
Rate of return 2.96% 4.88% 5.97% 6.94% 5.93% 6.12% 6.29% 6.48%
EPS 2 8.1 8.71 0.56 4.31 5.14 8.732 6.647 6.761
Distribution rate 42% 42.5% 679% 90.5% 77.8% 47.9% 64.7% 65.5%
Net sales 1 232.1 273.1 314.2 338.1 361 678.9 703.7 778.3
EBITDA 1 193.3 229.7 265.8 290.3 312.1 583.4 616.9 693.5
EBIT 1 193.3 229.7 265.8 290.3 312.1 579.6 701.1 691.9
Net income 1 281.8 331.8 24.54 204.8 244.4 696.2 612.6 625.9
Net Debt 1 2,066 2,439 2,262 2,495 2,463 4,799 4,710 5,117
Reference price 2 114.90 75.80 63.65 56.20 67.50 68.35 68.35 68.35
Nbr of stocks (in thousands) 36,308 39,855 47,550 47,550 47,549 83,470 - -
Announcement Date 2/23/22 2/16/23 2/21/24 2/19/25 2/13/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
82.87x13.16x35.39x1.32% 172B
165.52x8.55x23.55x2.26% 47.09B
45.57x7.74x13.83x5.86% 14.45B
18.81x16.59x14.98x5.87% 13.94B
91.89x4.6x24.87x1.82% 12.84B
25.7x17.74x18.51x4% 9.22B
7.83x15.47x18x6.12% 6.62B
-191.95x9.43x15.91x5.06% 6.51B
39.87x8.51x15.28x5.83% 5.27B
Average 31.79x 11.31x 20.04x 4.24% 31.95B
Weighted average by Cap. 81.26x 11.95x 29.16x 2.31%

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