Company Valuation: Amundi

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 14,686 10,791 12,526 13,126 14,386 18,223 - -
Change - -26.52% 16.08% 4.79% 9.6% 26.67% - -
Enterprise Value (EV) 1 15,857 10,791 13,903 13,789 14,212 16,879 16,400 15,906
Change - -31.95% 28.84% -0.82% 3.07% 18.77% -2.84% -3.01%
P/E 10.7x 10x 10.8x 10.1x 9.12x 11.2x 12.3x 12x
PBR 1.38x - 1.1x 1.09x 1.14x 1.39x 1.35x 1.29x
PEG - -0.5x 1.33x 0.9x 0.4x 2.76x -1.37x 3.98x
Capitalization / Revenue 4.58x 3.44x 3.91x 3.75x 4.21x 4.96x 4.97x 4.86x
EV / Revenue 4.95x 3.44x 4.34x 3.94x 4.16x 4.59x 4.47x 4.24x
EV / EBITDA 9.51x - - 7.91x 9.32x 8.99x 8.78x 8.41x
EV / EBIT 9.49x 7.36x 9.28x 8.31x 8.69x 9.32x 9.25x 8.83x
EV / FCF 8.31x - 9.33x 9.06x 8.23x 12.2x 10.4x 10.1x
FCF Yield 12% - 10.7% 11% 12.2% 8.22% 9.63% 9.88%
Dividend per Share 2 4.1 4.1 4.1 4.25 4.25 4.97 5.135 5.253
Rate of return 5.65% 7.74% 6.66% 6.62% 6.02% 5.5% 5.68% 5.81%
EPS 2 6.75 5.28 5.71 6.37 7.74 8.054 7.332 7.554
Distribution rate 60.7% 77.7% 71.8% 66.7% 54.9% 61.7% 70% 69.5%
Net sales 1 3,204 3,137 3,204 3,497 3,417 3,674 3,668 3,752
EBITDA 1 1,667 - - 1,743 1,525 1,877 1,868 1,890
EBIT 1 1,670 1,466 1,498 1,660 1,636 1,811 1,774 1,802
Net income 1 1,369 1,074 1,165 1,305 1,592 1,645 1,481 1,521
Net Debt 1 1,170 - 1,376 662.9 -173.8 -1,344 -1,823 -2,317
Reference price 2 72.55 53.00 61.60 64.20 70.60 90.40 90.40 90.40
Nbr of stocks (in thousands) 202,433 203,604 203,350 204,461 203,768 201,581 - -
Announcement Date 2/9/22 2/8/23 2/7/24 2/4/25 2/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.22x4.59x8.99x5.5% 21.04B
21.06x7.33x13.98x4.07% 101B
26.81x13.32x19.98x0.78% 89.76B
22.05x6.25x17.39x4.2% 29.36B
16.85x1.91x6.83x3.97% 16.91B
13.58x3.96x11.9x3.39% 14.76B
14.75x9.46x - 9.91% 13.91B
31.44x18.42x25.72x - 11.39B
31.92x17.31x25.16x2.49% 10.76B
Average 21.08x 9.17x 16.24x 4.29% 34.36B
Weighted average by Cap. 22.05x 9.18x 16.13x 3.37%

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

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