Company Valuation: Cegedim

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331.1 198.9 243.6 174.8 186.6 142 - -
Change - -39.93% 22.47% -28.22% 6.71% -23.9% - -
Enterprise Value (EV) 1 582.4 427.9 482.1 359.3 418.8 320.1 291.7 250.5
Change - -26.53% 12.65% -25.46% 16.55% -23.56% -8.87% -14.12%
P/E 12.6x 14.6x -35.7x -11.6x 19.4x 7.04x 4.69x 4.39x
PBR 1.43x 0.7x 0.83x 0.62x 0.66x 0.49x 0.44x 0.42x
PEG - -0.3x 0x -0x -0x 0x 0.1x 0.66x
Capitalization / Revenue 0.63x 0.36x 0.4x 0.27x 0.29x 0.21x 0.21x 0.2x
EV / Revenue 1.11x 0.77x 0.78x 0.55x 0.65x 0.48x 0.43x 0.36x
EV / EBITDA 5.56x 4.45x 4.43x 2.91x 3.4x 2.29x 1.97x 1.62x
EV / EBIT 14.6x 16.7x 15.2x 9.1x 11x 6.21x 5.11x 4.1x
EV / FCF 24.1x 41.4x 21.5x 30.1x 8.07x 13.5x 10.3x 8.02x
FCF Yield 4.15% 2.42% 4.65% 3.32% 12.4% 7.43% 9.75% 12.5%
Dividend per Share 2 0.5 - - - - - - 0.4419
Rate of return 2.08% - - - - - - 4.27%
EPS 2 1.9 1 -0.5 -1.1 0.7 1.469 2.207 2.353
Distribution rate 26.3% - - - - - - 18.8%
Net sales 1 524.7 555.6 616 654.5 649.2 660.4 681.2 703
EBITDA 1 104.7 96.2 108.8 123.6 123.3 139.8 148.5 154.9
EBIT 1 39.9 25.67 31.67 39.48 38.09 51.54 57.13 61.15
Net income 1 26.22 13.62 -7.407 -14.71 9.398 21.25 30.58 32.58
Net Debt 1 251.3 229 238.5 184.5 232.3 178.2 149.8 108.5
Reference price 2 24.00 14.56 17.86 12.75 13.55 10.34 10.34 10.34
Nbr of stocks (in thousands) 13,796 13,660 13,638 13,712 13,768 13,731 - -
Announcement Date 3/24/22 3/23/23 3/27/24 3/27/25 3/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.59x5.73x10.12x1.54% 379B
19.68x4.04x12.62x1.9% 187B
55.32x6.65x18.28x-.--% 115B
34.03x3.23x11.62x0.2% 42.8B
5.46x76.66x652.83x-.--% 32.38B
33.71x13.05x21.27x-.--% 29.64B
33.8x2.06x18.83x-.--% 17.37B
23.28x3.33x11.22x - 12.19B
79.49x7.61x32.6x-.--% 11.68B
Average 33.93x 13.60x 87.71x 0.46% 91.89B
Weighted average by Cap. 26.93x 8.30x 37.98x 1.17%

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