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 5,135 - -
Change - -23.69% -6.29% 10.89% 16.12% -18.16% - -
Enterprise Value (EV) 1 17,785 5,199 11,797 12,248 13,335 13,085 13,341 13,431
Change - -70.77% 126.9% 3.82% 8.88% -1.88% 1.96% 0.68%
P/E 7.37x 8.39x -3.34x 76.5x 8.5x 9.92x 9.51x 7.33x
PBR 0.79x 0.55x 0.6x 0.66x 0.73x 0.53x 0.52x 0.5x
PEG - -0.3x 0x -1x 0x -0.3x 2.23x 0.2x
Capitalization / Revenue 11.5x 8.57x 7.91x 5.4x 9.88x 7.46x 7.11x 6.77x
EV / Revenue 29.9x 8.57x 19.2x 12.2x 21x 19x 18.5x 17.7x
EV / EBITDA 32.6x 9.73x 21.4x 20.9x 20.7x 20x 19.3x 18.5x
EV / EBIT 35.7x 10x 22.3x 21.4x 21.7x 16.9x 16.3x 14.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3.75 3.75 3.3 3.5 3.75 3.953 4.051 4.182
Rate of return 5.19% 6.76% 6.78% 7.18% 6.62% 8.53% 8.74% 9.02%
EPS 2 9.791 6.606 -14.55 0.637 6.667 4.672 4.871 6.321
Distribution rate 38.3% 56.8% -22.7% 549% 56.2% 84.6% 83.2% 66.2%
Net sales 1 594.6 606.8 615.6 1,000 634.8 688.5 721.9 758.1
EBITDA 1 545.6 534.3 551 587 643 654.4 690.8 727.9
EBIT 1 498 517.5 530 571.8 615.7 773.3 817.4 932.9
Net income 1 923.6 620.7 -1,419 68.1 738.7 564.4 794.9 999.2
Net Debt 1 10,972 - 6,925 6,845 7,061 7,950 8,207 8,297
Reference price 2 72.20 55.45 48.68 48.76 56.65 46.34 46.34 46.34
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.($)
36.83x14.71x15.19x5.87% 52.45B
16.75x23.45x28.1x3.44% 17.04B
8.01x11.94x14.63x5.96% 15.24B
17.75x16.13x23.44x5.32% 14.04B
9.23x13.27x15.81x5.42% 11.89B
25.81x10.48x16.47x4.18% 9.5B
35.48x7.56x12.16x5.56% 9.04B
14.52x11.71x18.4x6.49% 9.09B
7.33x19.59x26.5x3.38% 8.83B
Average 19.08x 14.32x 18.97x 5.07% 16.35B
Weighted average by Cap. 23.53x 14.85x 18.24x 5.27%

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