Company Valuation: Cofinimmo

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,291 4,448 2,697 2,623 2,117 3,016
Change - 35.16% -39.37% -2.72% -19.3% 42.46%
Enterprise Value (EV) 1 5,616 7,051 5,559 5,353 4,685 5,583
Change - 25.55% -21.15% -3.7% -12.49% 19.18%
P/E 29.7x 16.2x 5.66x -43.8x 32.7x 14.1x
PBR 1.28x 1.38x 0.76x 0.72x 0.6x 0.86x
PEG - 0x 0.1x 0x -0x 0x
Capitalization / Revenue 11.2x 13x 7.33x 6.74x 5.4x 7.9x
EV / Revenue 19.2x 20.5x 15.1x 13.8x 12x 14.6x
EV / EBITDA 30.3x 32.7x 23.5x 19.3x 16.8x 21.1x
EV / EBIT 30.3x 32.8x 23.6x 19.5x 16.9x 21.2x
EV / FCF 38.4x 82.4x 93.7x 28.3x 28.1x 32.1x
FCF Yield 2.6% 1.21% 1.07% 3.53% 3.55% 3.12%
Dividend per Share 2 5.8 6 6.2 6.2 6.2 5.2
Rate of return 4.76% 4.27% 7.41% 8.68% 11.2% 6.57%
EPS 2 4.094 8.679 14.79 -1.629 1.7 5.606
Distribution rate 142% 69.1% 41.9% -381% 365% 92.8%
Net sales 1 292.7 343.1 367.7 389 391.7 381.8
EBITDA 1 185.5 215.5 236.1 276.9 278.1 264
EBIT 1 185.2 215.2 235.7 275.1 277.8 263.7
Net income 1 119.2 260.3 482.9 -55.5 63.89 213.5
Net Debt 1 2,325 2,603 2,862 2,730 2,568 2,567
Reference price 2 121.80 140.50 83.70 71.40 55.60 79.20
Nbr of stocks (in thousands) 27,017 31,656 32,220 36,743 38,078 38,083
Announcement Date 4/9/21 4/8/22 4/6/23 4/2/24 4/11/25 4/8/26
1EUR in Million2EUR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 3.54B
81.94x13.07x35.19x1.32% 171B
55.56x11.65x22.69x2.17% 98.18B
26.04x10.92x16.53x3.94% 84.6B
60.4x11.6x21.52x2.86% 63.42B
30.58x13.92x19.44x3.89% 57.76B
157.54x8.16x22.42x2.39% 44.62B
40.95x12.73x18.93x5.39% 33.54B
59.9x6.31x16.97x3.18% 32.94B
30.66x14.56x17.73x4.55% 30.25B
Average 60.40x 11.43x 21.27x 3.3% 62B
Weighted average by Cap. 62.59x 11.82x 24.12x 2.77%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Cofinimmo

Historical PBR trend

Valuation ratios - PBR - Cofinimmo

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Cofinimmo

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Cofinimmo