Company Valuation: Cosumar

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,661 17,953 18,425 17,953 19,228 17,645 - -
Change - -27.2% 2.63% -2.56% 7.11% -8.23% - -
Enterprise Value (EV) 1 25,064 19,022 19,984 18,577 19,228 17,974 17,960 17,645
Change - -24.11% 5.06% -7.04% 3.5% -6.52% -0.08% -1.75%
P/E 32.3x - - 19.2x - 20.1x 17.1x 17.6x
PBR - - - - - - - -
PEG - - - - - - 1x -5.74x
Capitalization / Revenue 2.71x 1.72x 1.8x 1.75x 1.83x 1.62x 1.43x 1.47x
EV / Revenue 2.75x 1.82x 1.95x 1.81x 1.83x 1.65x 1.46x 1.47x
EV / EBITDA 13.1x 11.1x 10.9x 10.6x 11.5x 10.6x 9.1x -
EV / EBIT 17.8x 14.7x 14.5x 13.9x 14.8x 13.4x 11.4x -
EV / FCF 13.9x -563x 86.5x 9.84x - 20x 18x -
FCF Yield 7.2% -0.18% 1.16% 10.2% - 5% 5.56% -
Dividend per Share 2 6 7 7 10 - 10 10 11
Rate of return 2.3% 3.68% 3.59% 5.26% - 5.35% 5.35% 5.89%
EPS 2 8.075 - - 9.92 - 9.27 10.94 10.6
Distribution rate 74.3% - - 101% - 108% 91.4% 104%
Net sales 1 9,112 10,433 10,233 10,239 10,487 10,907 12,340 12,002
EBITDA 1 1,918 1,721 1,826 1,749 1,672 1,699 1,974 -
EBIT 1 1,408 1,294 1,375 1,341 1,298 1,339 1,570 -
Net income 1 763 826 1,009 850.4 703.7 876 1,034 1,002
Net Debt 1 403 1,070 1,559 624.8 - 329 314.5 -
Reference price 2 261.00 190.00 195.00 190.00 203.50 186.75 186.75 186.75
Nbr of stocks (in thousands) 94,487 94,487 94,487 94,487 94,487 94,487 - -
Announcement Date 4/30/22 3/16/23 4/29/24 4/30/25 4/30/26 - - -
1MAD in Million2MAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.14x0.5x6.8x1.48% 2.6B
-233.21x1.61x7.94x3.52% 1.43B
27.84x2.36x19.02x0.63% 1.25B
10.07x1.46x3.14x3.87% 1.01B
27.44x - - 0.63% 923M
Average -28.34x 1.48x 9.22x 2.03% 1.44B
Weighted average by Cap. -27.16x 1.27x 8.89x 1.96%

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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