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 10,143 - -
Change - 6.2% 8.27% 1.58% -20.52% -24.27% - -
Enterprise Value (EV) 1 17,854 14,114 18,054 11,545 7,774 6,644 6,185 4,805
Change - -20.95% 27.91% -36.05% -32.66% -14.54% -6.92% -22.32%
P/E 2.39x 4.5x 141x 10.1x 40x 34.2x 29.1x 25.6x
PBR 0.74x - 0.69x 0.66x 0.56x 0.51x 0.5x 0.5x
PEG - -0.1x -1.5x 0x -0.5x -2.9x 1.7x 1.9x
Capitalization / Revenue 0.73x 0.74x 1.21x 5.38x 4.58x 3.38x 3.41x 3.29x
EV / Revenue 0.9x 0.68x 1.32x 3.69x 2.66x 2.21x 2.08x 1.56x
EV / EBITDA 8.36x 6.44x 13.1x 241x 21.6x 18.6x 15.3x 10.6x
EV / EBIT 19x 11.5x 23.5x 1,079x 44.7x 32.6x 21.2x 13.9x
EV / FCF 12.6x - 18.6x 110x 26.1x 22.5x 9.77x 9.32x
FCF Yield 7.94% - 5.39% 0.91% 3.83% 4.45% 10.2% 10.7%
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% 2.42% 2.42% 2.49%
EPS 2 2.06 1.16 0.04 0.59 0.12 0.1056 0.1243 0.1408
Distribution rate 2.91% 5.17% 175% 13.6% 66.7% 82.8% 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 10.7 174 204.1 291.4 346.6
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 -3,499 -3,958 -5,338
Reference price 2 4.920 5.220 5.655 5.940 4.794 3.610 3.610 3.610
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.97x2.47x10.39x2.85% 14.2B
34.17x2.21x18.61x2.42% 11.56B
18x1.24x10.09x1.73% 4.21B
26.05x4.91x15.67x1.61% 3.87B
39.24x6.78x16.01x-.--% 3.07B
45.06x - - - 2.56B
22.24x1.24x6.07x0.33% 2.38B
8.27x0.63x3.74x4.89% 1.97B
Average 26.50x 2.78x 11.51x 1.97% 5.48B
Weighted average by Cap. 26.16x 2.66x 13.01x 2.24%

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