Company Valuation: Assystem

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 554.4 600.4 736.4 701.6 634.2 603.9 - -
Change - 8.3% 22.65% -4.73% -9.6% -4.77% - -
Enterprise Value (EV) 1 653.7 651.3 788.6 750.9 693.9 643.2 630.1 594.4
Change - -0.37% 21.08% -4.79% -7.59% -7.3% -2.05% -5.66%
P/E 16.4x 12.5x 7.29x 87.9x 85.7x 15.1x 13.6x 12.5x
PBR 1.57x 1.82x 1.53x 2.35x 2.21x 1.92x 1.77x 1.62x
PEG - 0.3x 0x -1x -10.86x 0x 1.3x 1.45x
Capitalization / Revenue 1.15x 1.22x 1.28x 1.15x 0.97x 0.89x 0.86x 0.83x
EV / Revenue 1.35x 1.32x 1.37x 1.23x 1.06x 0.95x 0.9x 0.81x
EV / EBITDA 14.8x 13.7x 13.9x 13.1x 11.2x 10.1x 9.52x 8.68x
EV / EBIT 21.4x 20.9x 18.7x 30.9x 15.4x 13.5x 12.7x 11.4x
EV / FCF 97.6x 20.6x 25.4x 21.7x 16.4x 16.4x 15.3x 13.4x
FCF Yield 1.02% 4.85% 3.93% 4.61% 6.08% 6.11% 6.54% 7.48%
Dividend per Share 2 1 1 - 1 1 0.97 0.97 1.003
Rate of return 2.67% 2.46% - 2.1% 2.34% 2.38% 2.38% 2.47%
EPS 2 2.281 3.242 6.789 0.5408 0.4981 2.702 2.987 3.245
Distribution rate 43.8% 30.8% - 185% 201% 35.9% 32.5% 30.9%
Net sales 1 483.1 493.5 577.5 611.3 656.6 674.8 700.5 730.1
EBITDA 1 44.1 47.5 56.9 57.1 61.8 63.87 66.19 68.45
EBIT 1 30.5 31.2 42.1 24.3 45 47.62 49.57 52.28
Net income 1 34.2 48.9 102 8.3 7.4 42.15 46.15 50.7
Net Debt 1 99.3 50.9 52.2 49.3 59.7 39.3 26.14 -9.506
Reference price 2 37.50 40.60 49.50 47.55 42.70 40.70 40.70 40.70
Nbr of stocks (in thousands) 14,785 14,788 14,877 14,754 14,852 14,839 - -
Announcement Date 3/15/22 3/14/23 3/13/24 3/18/25 3/10/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.06x0.95x10.07x2.38% 693M
55.55x2.56x24.44x0.07% 96.61B
12.32x1.05x5.78x4.74% 71.15B
33.61x4.22x22.93x0.2% 57.36B
26.25x2.02x19.86x1.17% 56.1B
51.14x4.05x25.76x1.85% 40.24B
27.41x0.69x11.34x2.25% 34.52B
23.13x1.58x14.56x0.2% 33.42B
22.16x0.44x7.02x2.71% 30.26B
4.97x0.31x5.8x5.91% 26.59B
Average 27.16x 1.79x 14.75x 2.15% 44.69B
Weighted average by Cap. 31.85x 2.10x 16.76x 1.84%

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

-40%: Exceptional extension
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