Company Valuation: Cegedim

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 331.1 198.9 243.6 174.8 186.6 138.7 - -
Change - -39.93% 22.47% -28.22% 6.71% -25.66% - -
Enterprise Value (EV) 1 582.4 427.9 482.1 359.3 418.8 300.8 272.4 236.6
Change - -26.53% 12.65% -25.46% 16.55% -28.17% -9.44% -13.17%
P/E 12.6x 14.6x -35.7x -11.6x 19.4x 6.88x 4.58x 4.29x
PBR 1.43x 0.7x 0.83x 0.62x 0.66x 0.48x 0.44x 0.41x
PEG - -0.3x 0x -0x -0x 0x 0.1x 0.63x
Capitalization / Revenue 0.63x 0.36x 0.4x 0.27x 0.29x 0.21x 0.2x 0.2x
EV / Revenue 1.11x 0.77x 0.78x 0.55x 0.65x 0.46x 0.4x 0.34x
EV / EBITDA 5.56x 4.45x 4.43x 2.91x 3.4x 2.15x 1.84x 1.53x
EV / EBIT 14.6x 16.7x 15.2x 9.1x 11x 5.84x 4.77x 3.87x
EV / FCF 24.1x 41.4x 21.5x 30.1x 8.07x 13x 9.75x 7.66x
FCF Yield 4.15% 2.42% 4.65% 3.32% 12.4% 7.68% 10.3% 13.1%
Dividend per Share 2 0.5 - - - - - - 0.4419
Rate of return 2.08% - - - - - - 4.37%
EPS 2 1.9 1 -0.5 -1.1 0.7 1.469 2.207 2.356
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 96.2 108.8 123.6 123.3 139.8 148.5 155
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 21.3 30.62 32.61
Net Debt 1 251.3 229 238.5 184.5 232.3 162.2 133.8 97.88
Reference price 2 24.00 14.56 17.86 12.75 13.55 10.10 10.10 10.10
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.($)
7.01x0.48x2.29x-.--% 161M
18.65x5.36x9.58x1.71% 346B
18.35x3.64x11.24x2.09% 170B
56.78x5.8x15.5x-.--% 94.82B
30.68x2.92x10.52x0.22% 38.58B
8.74x79.04x674x-.--% 33.63B
31.68x12.41x20.19x-.--% 27.97B
32.05x1.94x17.71x-.--% 16.46B
22.3x3.22x10.86x - 11.74B
75.11x7.1x30.44x-.--% 10.94B
Average 30.13x 12.19x 80.23x 0.45% 75.04B
Weighted average by Cap. 25.23x 8.38x 41.42x 1.29%

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