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 5,359 - -
Change - -27.59% 0.18% -11.7% 20.1% 66.96% - -
Enterprise Value (EV) 1 6,238 5,460 5,289 5,167 5,673 10,353 10,306 10,382
Change - -12.47% -3.13% -2.29% 9.78% 82.5% -0.45% 0.74%
P/E 14.2x 8.7x 114x 13x 13.1x 7.77x 9.94x 9.42x
PBR 1.5x 0.92x 0.85x 0.73x 0.88x 0.78x 0.76x 0.73x
PEG - 1.16x -1.2x 0x 0.7x 0.1x -0.5x 1.71x
Capitalization / Revenue 18x 11.1x 9.63x 7.9x 8.89x 7.8x 7.06x 6.84x
EV / Revenue 26.9x 20x 16.8x 15.3x 15.7x 15.1x 13.6x 13.3x
EV / EBITDA 32.3x 23.8x 19.9x 17.8x 18.2x 17.9x 15.5x 14.9x
EV / EBIT 32.3x 23.8x 19.9x 17.8x 18.2x 18x 15.7x 15x
EV / FCF -54.5x - -181x 10.2x 32.6x 341x 17.6x 17.2x
FCF Yield -1.83% - -0.55% 9.83% 3.06% 0.29% 5.67% 5.82%
Dividend per Share 2 3.4 3.7 3.8 3.9 4 4.18 4.314 4.436
Rate of return 2.96% 4.88% 5.97% 6.94% 5.93% 6.51% 6.72% 6.91%
EPS 2 8.1 8.71 0.56 4.31 5.14 8.258 6.459 6.814
Distribution rate 42% 42.5% 679% 90.5% 77.8% 50.6% 66.8% 65.1%
Net sales 1 232.1 273.1 314.2 338.1 361 686.7 758.8 783
EBITDA 1 193.3 229.7 265.8 290.3 312.1 578.4 665.1 698.7
EBIT 1 193.3 229.7 265.8 290.3 312.1 576.2 655.3 691.9
Net income 1 281.8 331.8 24.54 204.8 244.4 699.4 614 679.5
Net Debt 1 2,066 2,439 2,262 2,495 2,463 4,994 4,947 5,023
Reference price 2 114.90 75.80 63.65 56.20 67.50 64.20 64.20 64.20
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.($)
7.81x15.11x17.94x6.48% 6.14B
80.37x12.77x34.43x1.36% 167B
159.14x8.16x22.42x2.4% 44.42B
18.5x16.56x15.03x5.83% 14.02B
48.36x7.7x13.73x6.05% 14B
86.08x4.3x23.3x1.95% 12.03B
24.46x16.04x17.76x4.17% 8.84B
40.97x8.22x14.82x6.05% 5.07B
135.4x7.31x19.21x3.05% 4.72B
17.2x9.35x14.41x5.53% 3.29B
Average 61.83x 10.55x 19.31x 4.29% 27.93B
Weighted average by Cap. 84.54x 11.55x 28.29x 2.37%

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