Company Valuation: Bourse Direct

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 188.7 280.5 224.5 227.6 300.4 - -
Change - 48.65% -19.97% 1.38% 31.97% - -
Enterprise Value (EV) 1 188.7 224 267.1 280.4 237.9 231.9 223.2
Change - 18.71% 19.24% 4.97% -15.17% -2.52% -3.75%
P/E 31.1x 17.5x 11.8x 11.6x 12.9x 12.1x 11.6x
PBR - - - - - - -
PEG - 0x 0.5x 4.29x 0.7x 1.82x 2.78x
Capitalization / Revenue - 4.1x 2.94x 2.95x 3.71x 3.62x 3.53x
EV / Revenue - 3.27x 3.5x 3.63x 2.94x 2.8x 2.62x
EV / EBITDA - 8.89x 9.09x 9.32x 7.16x 6.7x 6.23x
EV / EBIT - 10.3x 10.3x 10.5x 7.67x 7.11x 6.53x
EV / FCF - 10.1x 16.4x 17.6x 14.7x 11.9x 9.66x
FCF Yield - 9.93% 6.09% 5.69% 6.81% 8.41% 10.4%
Dividend per Share 2 - - 0.2 0.24 0.26 0.28 0.3
Rate of return - - 4.6% 5.44% 4.47% 4.81% 5.15%
EPS 2 0.11 0.3 0.37 0.38 0.45 0.48 0.5
Distribution rate - - 54.1% 63.2% 57.8% 58.3% 60%
Net sales 1 - 68.5 76.4 77.2 80.9 82.9 85.1
EBITDA 1 - 25.19 29.4 30.1 33.2 34.6 35.8
EBIT 1 - 21.82 26 26.7 31 32.6 34.2
Net income 1 5.685 15.9 19.1 19.7 23 24.2 25.4
Net Debt 1 - -56.49 42.62 52.8 -62.5 -68.5 -77.2
Reference price 2 3.420 5.260 4.350 4.410 5.820 5.820 5.820
Nbr of stocks (in thousands) 55,179 53,330 51,609 51,609 51,609 - -
Announcement Date 4/20/23 2/23/24 2/28/25 2/20/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.98x2.95x7.2x4.45% 348M
21.23x9.3x13.85x1.41% 84.51B
27.1x15.82x19.94x3.32% 67.15B
28.48x5.27x10.54x1.89% 58.14B
22.03x8.3x13.87x1.69% 57.4B
26.94x10.34x17.24x1.26% 53.45B
30.88x14.96x22.97x2.02% 20.46B
21.33x8.47x13.19x2.28% 19.1B
12.35x6.45x9.18x7.93% 14.41B
23.5x8.52x15.3x1.88% 10.46B
Average 22.68x 9.04x 14.33x 2.81% 38.54B
Weighted average by Cap. 24.50x 9.95x 15.19x 2.17%

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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