Company Valuation: ageas SA/NV

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,475 7,655 7,220 8,541 11,406 13,532 - -
Change - -9.68% -5.69% 18.3% 33.54% 18.65% - -
Enterprise Value (EV) 12,902 12,831 7,220 8,541 11,406 13,532 13,532 13,532
Change - -0.55% -43.73% 18.3% 33.54% 18.65% 0% 0%
P/E 10.1x 7.56x 7.59x 7.68x 6.67x 9.2x 8.28x 7.81x
PBR 0.71x 1x - 1.1x 1.21x 1.39x 1.3x 1.19x
PEG - 0.4x -1.38x 0.4x 0.1x -0.7x 0.7x 1.29x
Capitalization / Revenue 0.94x 0.86x - 0.46x 0.58x 1.11x 1.08x 1.05x
EV / Revenue 0x 0x - 0x 0x 1.11x 1.08x 1.05x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x - 0x 0x 6.81x 6.11x 5.69x
EV / FCF -0x -0x - 0x 0x 11.3x 11.7x 10.6x
FCF Yield -13.2% -8.94% - 9.39% 23.8% 8.87% 8.53% 9.41%
Dividend per Share 2 2.75 3 3.25 3.5 3.75 4.039 4.342 4.62
Rate of return 6.04% 7.24% 8.27% 7.46% 6.27% 5.69% 6.12% 6.51%
EPS 2 4.52 5.48 5.179 6.109 8.963 7.715 8.568 9.086
Distribution rate 60.8% 54.7% 62.8% 57.3% 41.8% 52.3% 50.7% 50.9%
Net sales 1 8,978 8,930 - 18,488 19,622 12,193 12,532 12,942
EBITDA - - - - - - - -
EBIT 1 1,370 1,499 - 1,861 2,460 1,986 2,214 2,378
Net income 1 845 1,010 953 1,118 1,712 1,574 1,786 1,861
Net Debt 4,426 5,176 - - - - - -
Reference price 2 45.55 41.42 39.31 46.90 59.80 70.95 70.95 70.95
Nbr of stocks (in thousands) 186,070 184,820 183,656 182,106 190,728 190,727 - -
Announcement Date 2/23/22 2/22/23 2/28/24 2/28/25 2/25/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.73x - - 4.35% 181B
13.67x3.09x11.5x1.13% 138B
16.39x - - 5.21% 114B
21.12x3.7x12.96x2.09% 87.7B
10.54x1.5x - 1.71% 38.59B
-433.94x1.35x - 3.85% 26B
12.33x - - 2.92% 24.54B
13.03x - - 4.49% 21.42B
10.86x - - 5.48% 15.83B
Average -35.81x 2.41x 12.23x 3.47% 71.77B
Weighted average by Cap. -3.17x 2.90x 12.07x 3.31%

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