Company Valuation: Cegedim

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331.1 198.9 243.6 174.8 186.6 142.3 - -
Change - -39.93% 22.47% -28.22% 6.71% -23.75% - -
Enterprise Value (EV) 1 582.4 427.9 482.1 359.3 418.8 304.4 276 244.6
Change - -26.53% 12.65% -25.46% 16.55% -27.32% -9.33% -11.39%
P/E 12.6x 14.6x -35.7x -11.6x 19.4x 6.79x 5.18x 4.47x
PBR 1.43x 0.7x 0.83x 0.62x 0.66x 0.49x 0.46x 0.42x
PEG - -0.3x 0x -0x -0x 0x 0.2x 0.3x
Capitalization / Revenue 0.63x 0.36x 0.4x 0.27x 0.29x 0.22x 0.21x 0.2x
EV / Revenue 1.11x 0.77x 0.78x 0.55x 0.65x 0.46x 0.4x 0.35x
EV / EBITDA 5.56x 4.45x 4.43x 2.91x 3.4x 2.16x 1.82x 1.54x
EV / EBIT 14.6x 16.7x 15.2x 9.1x 11x 5.84x 4.65x 3.83x
EV / FCF 24.1x 41.4x 21.5x 30.1x 8.07x 13.2x 9.87x 7.91x
FCF Yield 4.15% 2.42% 4.65% 3.32% 12.4% 7.59% 10.1% 12.6%
Dividend per Share 2 0.5 - - - - - - -
Rate of return 2.08% - - - - - - -
EPS 2 1.9 1 -0.5 -1.1 0.7 1.525 2 2.32
Distribution rate 26.3% - - - - - - -
Net sales 1 524.7 555.6 616 654.5 649.2 659.6 684 706.6
EBITDA 1 104.7 96.2 108.8 123.6 123.3 141 152 159
EBIT 1 39.9 25.67 31.67 39.48 38.09 52.15 59.35 63.9
Net income 1 26.22 13.62 -7.407 -14.71 9.398 21.3 28 32.3
Net Debt 1 251.3 229 238.5 184.5 232.3 162.2 133.8 102.3
Reference price 2 24.00 14.56 17.86 12.75 13.55 10.36 10.36 10.36
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
6.83x0.46x2.16x-.--% 166M
22.79x6.18x11.04x1.4% 420B
25.7x5.15x16.25x1.48% 243B
88.5x8.61x23.05x-.--% 141B
-4.95x100.35x1336.86x-.--% 47.33B
37.73x3.54x13.02x0.18% 46.66B
29.29x11.43x18.7x-.--% 23.75B
35.59x2.36x21.48x-.--% 19.68B
110.64x10.62x45.28x-.--% 16.05B
-213.01x3.77x12.62x - 13.78B
Average 13.91x 15.25x 150.05x 0.34% 97.13B
Weighted average by Cap. 30.97x 10.83x 79.78x 1%

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