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 14,123 - -
Change - -9.68% -5.69% 18.3% 33.54% 23.83% - -
Enterprise Value (EV) 12,902 12,831 7,220 8,541 11,406 14,123 14,123 14,123
Change - -0.55% -43.73% 18.3% 33.54% 23.83% 0% 0%
P/E 10.1x 7.56x 7.59x 7.68x 6.67x 9.44x 9.06x 8.51x
PBR 0.71x 1x - 1.1x 1.21x 1.45x 1.33x 1.22x
PEG - 0.4x -1.38x 0.4x 0.1x -0.8x 2.17x 1.33x
Capitalization / Revenue 0.94x 0.86x - 0.46x 0.58x 1.16x 1.13x 1.09x
EV / Revenue 0x 0x - 0x 0x 1.16x 1.13x 1.09x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x - 0x 0x 6.89x 6.44x 5.89x
EV / FCF -0x -0x - 0x 0x 12.1x 11.4x 10.3x
FCF Yield -13.2% -8.94% - 9.39% 23.8% 8.23% 8.81% 9.71%
Dividend per Share 2 2.75 3 3.25 3.5 3.75 4.041 4.359 4.64
Rate of return 6.04% 7.24% 8.27% 7.46% 6.27% 5.46% 5.89% 6.27%
EPS 2 4.52 5.48 5.179 6.109 8.963 7.848 8.176 8.697
Distribution rate 60.8% 54.7% 62.8% 57.3% 41.8% 51.5% 53.3% 53.4%
Net sales 1 8,978 8,930 - 18,488 19,622 12,197 12,522 12,917
EBITDA - - - - - - - -
EBIT 1 1,370 1,499 - 1,861 2,460 2,049 2,195 2,399
Net income 1 845 1,010 953 1,118 1,712 1,541 1,687 1,745
Net Debt 4,426 5,176 - - - - - -
Reference price 2 45.55 41.42 39.31 46.90 59.80 74.05 74.05 74.05
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.($)
14.03x - - 4.25% 187B
12.97x3.05x11.26x1.15% 134B
15.95x - - 5.24% 113B
22.4x3.83x13.46x1.93% 92.03B
10.12x1.5x - 1.68% 38.71B
-440.05x1.37x - 3.8% 26.4B
13.1x - - 2.87% 24.65B
13.31x - - 4.26% 22.85B
11.45x - - 5.28% 16.6B
Average -36.30x 2.44x 12.36x 3.38% 72.89B
Weighted average by Cap. -3.31x 2.94x 12.16x 3.27%

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