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 6,043 - -
Change - -23.69% -6.29% 10.89% 16.12% -3.68% - -
Enterprise Value (EV) 1 17,785 5,199 11,797 12,248 13,335 14,211 14,320 14,215
Change - -70.77% 126.9% 3.82% 8.88% 6.57% 0.77% -0.74%
P/E 7.37x 8.39x -3.34x 76.5x 8.5x 9.72x 9.15x 7.75x
PBR 0.79x 0.55x 0.6x 0.66x 0.73x 0.65x 0.63x 0.61x
PEG - -0.3x 0x -1x 0x -0.6x 1.48x 0.4x
Capitalization / Revenue 11.5x 8.57x 7.91x 5.4x 9.88x 6.57x 6.23x 5.95x
EV / Revenue 29.9x 8.57x 19.2x 12.2x 21x 15.4x 14.8x 14x
EV / EBITDA 32.6x 9.73x 21.4x 20.9x 20.7x 20.6x 19.6x 18.5x
EV / EBIT 35.7x 10x 22.3x 21.4x 21.7x 19.8x 18.2x 15.9x
EV / FCF 24.8x - 34x 31.8x 55.6x -67x -65.7x 254x
FCF Yield 4.03% - 2.94% 3.14% 1.8% -1.49% -1.52% 0.39%
Dividend per Share 2 3.75 3.75 3.3 3.5 3.75 3.904 4.014 4.092
Rate of return 5.19% 6.76% 6.78% 7.18% 6.62% 7.16% 7.36% 7.5%
EPS 2 9.791 6.606 -14.55 0.637 6.667 5.615 5.962 7.041
Distribution rate 38.3% 56.8% -22.7% 549% 56.2% 69.5% 67.3% 58.1%
Net sales 1 594.6 606.8 615.6 1,000 634.8 920.5 969.7 1,016
EBITDA 1 545.6 534.3 551 587 643 689.4 730.8 769.3
EBIT 1 498 517.5 530 571.8 615.7 718.2 784.9 893.6
Net income 1 923.6 620.7 -1,419 68.1 738.7 790.2 673.3 688
Net Debt 1 10,972 - 6,925 6,845 7,061 8,168 8,277 8,172
Reference price 2 72.20 55.45 48.68 48.76 56.65 54.55 54.55 54.55
Nbr of stocks (in thousands) 94,369 93,764 100,084 110,805 110,750 110,776 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.72x15.44x20.61x7.16% 7B
38.55x15.27x15.86x5.41% 56.48B
8.93x12.71x15.76x5.46% 16.78B
19.5x16.61x24.31x5.08% 14.63B
9x21.08x23.59x4.37% 13.59B
10.14x13.35x16.01x5.46% 11.97B
8.04x22.55x30.38x2.78% 10.93B
31.27x11.27x17.77x3.77% 10.41B
16.45x12.51x19.54x5.94% 10B
26.63x7.17x11.86x5.86% 8.58B
Average 17.82x 14.80x 19.57x 5.13% 16.04B
Weighted average by Cap. 23.26x 15.11x 18.62x 5.15%

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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