Company Valuation: Cegedim

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331.1 198.9 243.6 174.8 186.6 157.4 - -
Change - -39.93% 22.47% -28.22% 6.71% -15.65% - -
Enterprise Value (EV) 1 582.4 427.9 482.1 359.3 418.8 335.5 307.1 265.9
Change - -26.53% 12.65% -25.46% 16.55% -19.89% -8.46% -13.42%
P/E 12.6x 14.6x -35.7x -11.6x 19.4x 7.8x 5.19x 4.87x
PBR 1.43x 0.7x 0.83x 0.62x 0.66x 0.54x 0.49x 0.46x
PEG - -0.3x 0x -0x -0x 0x 0.1x 0.73x
Capitalization / Revenue 0.63x 0.36x 0.4x 0.27x 0.29x 0.24x 0.23x 0.22x
EV / Revenue 1.11x 0.77x 0.78x 0.55x 0.65x 0.51x 0.45x 0.38x
EV / EBITDA 5.56x 4.45x 4.43x 2.91x 3.4x 2.4x 2.07x 1.72x
EV / EBIT 14.6x 16.7x 15.2x 9.1x 11x 6.51x 5.38x 4.35x
EV / FCF 24.1x 41.4x 21.5x 30.1x 8.07x 14.1x 10.8x 8.51x
FCF Yield 4.15% 2.42% 4.65% 3.32% 12.4% 7.09% 9.26% 11.8%
Dividend per Share 2 0.5 - - - - - - 0.4419
Rate of return 2.08% - - - - - - 3.86%
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 11.46 11.46 11.46
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.($)
31.71x9.43x17.47x1.06% 530B
18.8x3.68x11.24x2.01% 180B
47.77x5.62x15.44x-.--% 98.02B
32.95x3.13x11.26x0.2% 41.44B
5.04x92.87x1089.73x-.--% 39.57B
28.9x11.4x18.58x-.--% 25.43B
27.74x1.64x14.98x-.--% 14.3B
21.88x3.14x10.59x - 11.46B
18.25x3.15x11.57x2.87% 9.7B
Average 25.89x 14.90x 133.43x 0.77% 105.51B
Weighted average by Cap. 29.48x 10.95x 60.34x 1.02%

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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