Company Valuation: FIDUCIAL Real Estate

Data adjusted to current consolidation scope
Fiscal Period: September 2020 2021 2022 2023 2024 2025
Market Cap 1 412.8 439.3 456.2 449 427.3 408
Change - 6.43% 3.85% -1.59% -4.84% -4.52%
Enterprise Value (EV) 1 632.2 622.5 618.8 607.7 575 577
Change - -1.54% -0.6% -1.79% -5.38% 0.34%
P/E 16.7x 14.6x 12.9x 14x 13.1x 17.4x
PBR 1.06x 1.05x 0.99x 0.93x 0.85x 0.9x
PEG - 0.7x 0.7x -1.51x 9.18x -0.6x
Capitalization / Revenue 5.16x 5.46x 5.39x 5.16x 4.94x 4.69x
EV / Revenue 7.91x 7.74x 7.31x 6.99x 6.65x 6.63x
EV / EBITDA 12.7x 12.4x 11.9x 11.3x 11x 12.2x
EV / EBIT 18.4x 18.2x 17x 16x 15.9x 16.3x
EV / FCF 20.3x 16.4x 256x -126x 85.7x -14.6x
FCF Yield 4.92% 6.09% 0.39% -0.79% 1.17% -6.83%
Dividend per Share 2 - 2.5 2.75 3.3 3.6 3.8
Rate of return - 1.37% 1.46% 1.77% 2.03% 2.25%
EPS 2 10.21 12.44 14.65 13.29 13.48 9.707
Distribution rate - 20.1% 18.8% 24.8% 26.7% 39.1%
Net sales 1 79.95 80.4 84.65 86.96 86.51 87.06
EBITDA 1 49.59 50.13 52.1 53.92 52.14 47.41
EBIT 1 34.38 34.18 36.42 38.09 36.14 35.3
Net income 1 24.51 29.88 35.23 32.08 32.54 23.43
Net Debt 1 219.4 183.2 162.5 158.7 147.8 169
Reference price 2 171.00 182.00 189.00 186.00 177.00 169.00
Nbr of stocks (in thousands) 2,414 2,414 2,414 2,414 2,414 2,414
Announcement Date 2/1/21 1/28/22 1/31/23 2/1/24 2/3/25 1/30/26
1EUR in Million2EUR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 438M
65.42x - - - 70.45B
12.75x4.45x11.42x3.78% 40.37B
18.84x4.07x16.37x1.3% 29.07B
5.69x0.76x1.57x8.7% 27.67B
8.26x1.5x8.35x4.26% 27.52B
14.68x3.16x15.12x2.38% 26.84B
10.19x2x7.7x4.12% 20.47B
7.89x2.87x6.44x-.--% 19.77B
7.4x0.82x2.99x3.02% 18.94B
Average 16.79x 2.45x 8.74x 3.44% 28.15B
Weighted average by Cap. 24.74x 2.65x 9.29x 3.58%

Y-o-Y evolution of P/E

Valuation ratios - P/E - FIDUCIAL Real Estate

Historical PBR trend

Valuation ratios - PBR - FIDUCIAL Real Estate

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - FIDUCIAL Real Estate

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - FIDUCIAL Real Estate

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