Company Valuation: Bolloré SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 14,426 15,321 16,589 16,851 13,393 10,345 - -
Change - 6.2% 8.27% 1.58% -20.52% -22.76% - -
Enterprise Value (EV) 1 17,854 14,114 18,054 11,545 7,774 5,475 5,549 5,007
Change - -20.95% 27.91% -36.05% -32.66% -29.57% 1.35% -9.77%
P/E 2.39x 4.5x 141x 10.1x 40x 30.4x 29.7x 26.2x
PBR 0.74x - 0.69x 0.66x 0.56x 0.52x 0.52x 0.51x
PEG - -0.1x -1.5x 0x -0.5x 21.71x 14.01x 2x
Capitalization / Revenue 0.73x 0.74x 1.21x 5.38x 4.58x 3.45x 3.47x 3.35x
EV / Revenue 0.9x 0.68x 1.32x 3.69x 2.66x 1.82x 1.86x 1.62x
EV / EBITDA 8.36x 6.44x 13.1x 241x 21.6x 15.3x 13.7x 11x
EV / EBIT 19x 11.5x 23.5x 1,079x 44.7x 19.8x 19x 14.4x
EV / FCF 12.6x - 18.6x 110x 26.1x 18.5x 8.76x 9.71x
FCF Yield 7.94% - 5.39% 0.91% 3.83% 5.4% 11.4% 10.3%
Dividend per Share 2 0.06 0.06 0.07 0.08 0.08 0.0875 0.0875 0.09
Rate of return 1.22% 1.15% 1.24% 1.35% 1.67% 2.37% 2.37% 2.44%
EPS 2 2.06 1.16 0.04 0.59 0.12 0.1217 0.1243 0.1408
Distribution rate 2.91% 5.17% 175% 13.6% 66.7% 71.9% 70.4% 63.9%
Net sales 1 19,771 20,677 13,679 3,130 2,926 3,002 2,978 3,086
EBITDA 1 2,135 2,192 1,382 48 360 357 405.3 453.6
EBIT 1 939 1,231 768 10.7 174 276.4 291.4 346.6
Net income 1 6,062 3,400 268 1,822 348 346.1 371.1 394.3
Net Debt 1 3,428 -1,207 1,465 -5,306 -5,619 -4,870 -4,796 -5,338
Reference price 2 4.920 5.220 5.655 5.940 4.794 3.694 3.694 3.694
Nbr of stocks (in thousands) 2,932,124 2,935,067 2,933,459 2,836,852 2,793,750 2,809,704 - -
Announcement Date 3/10/22 3/14/23 3/14/24 3/17/25 3/17/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.79x2.55x10.77x2.73% 14.8B
41.35x3.12x7.91x1.62% 14.07B
32.01x1.86x15.65x2.37% 11.98B
18.05x1.24x10.12x1.72% 4.28B
27.03x5.15x16.2x1.55% 4.08B
36.46x6.31x14.9x-.--% 2.86B
45.78x - - - 2.59B
22.5x1.26x6.18x0.33% 2.45B
Average 30.37x 3.07x 11.68x 1.47% 7.14B
Weighted average by Cap. 30.18x 2.78x 11.47x 1.95%

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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