Company Valuation: Covivio

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,813 5,199 4,872 5,403 6,274 5,767 - -
Change - -23.69% -6.29% 10.89% 16.12% -8.08% - -
Enterprise Value (EV) 1 17,785 5,199 11,797 12,248 13,335 13,717 13,976 14,062
Change - -70.77% 126.9% 3.82% 8.88% 2.87% 1.89% 0.61%
P/E 7.37x 8.39x -3.34x 76.5x 8.5x 10.2x 9.44x 8.23x
PBR 0.79x 0.55x 0.6x 0.66x 0.73x 0.6x 0.58x 0.56x
PEG - -0.3x 0x -1x 0x -0.4x 1.13x 0.6x
Capitalization / Revenue 11.5x 8.57x 7.91x 5.4x 9.88x 8.31x 7.96x 7.56x
EV / Revenue 29.9x 8.57x 19.2x 12.2x 21x 19.8x 19.3x 18.4x
EV / EBITDA 32.6x 9.73x 21.4x 20.9x 20.7x 20.8x 20.6x 19.1x
EV / EBIT 35.7x 10x 22.3x 21.4x 21.7x 16.6x 16x 15.1x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3.75 3.75 3.3 3.5 3.75 3.945 4.036 4.186
Rate of return 5.19% 6.76% 6.78% 7.18% 6.62% 7.58% 7.75% 8.04%
EPS 2 9.791 6.606 -14.55 0.637 6.667 5.086 5.512 6.321
Distribution rate 38.3% 56.8% -22.7% 549% 56.2% 77.6% 73.2% 66.2%
Net sales 1 594.6 606.8 615.6 1,000 634.8 694.2 724.9 762.5
EBITDA 1 545.6 534.3 551 587 643 660.4 679.2 736.6
EBIT 1 498 517.5 530 571.8 615.7 828.6 871.7 929.4
Net income 1 923.6 620.7 -1,419 68.1 738.7 714.9 637.8 734.2
Net Debt 1 10,972 - 6,925 6,845 7,061 7,950 8,209 8,295
Reference price 2 72.20 55.45 48.68 48.76 56.65 52.05 52.05 52.05
Nbr of stocks (in thousands) 94,369 93,764 100,084 110,805 110,750 110,804 - -
Announcement Date 2/22/22 2/21/23 2/15/24 2/19/25 2/18/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.91x15.9x16.19x5.22% 59.15B
16.92x23.56x28.42x3.4% 17.52B
9.47x12.56x15.39x5.26% 17.42B
20.33x17.11x25.48x4.87% 15.3B
10.72x14.07x16.74x4.97% 13.15B
9.81x21.91x29.61x2.86% 10.57B
28.63x11.2x17.58x3.85% 10.31B
15.99x12.22x19.01x5.98% 9.81B
27.69x7.32x11.73x5.79% 8.67B
Average 20.05x 15.09x 20.02x 4.69% 17.99B
Weighted average by Cap. 25.50x 15.75x 19.25x 4.81%

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