Company Valuation: FIPP

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 23.07 15.8 16.15 13.38 16.26 13.03
Change - -31.5% 2.19% -17.14% 21.55% -19.86%
Enterprise Value (EV) 1 29.96 24.73 17.1 15.17 16.45 13.38
Change - -17.47% -30.83% -11.31% 8.46% -18.65%
P/E -3.1x -32x -6.3x -4.42x -4.03x 3.35x
PBR 0.62x 0.26x 0.31x 0.27x 0.36x 0.27x
PEG - 0.3x -0x -0.2x -0.1x -0x
Capitalization / Revenue 10.6x 7.52x 8.92x 7.3x 7.22x 16.8x
EV / Revenue 13.7x 11.8x 9.45x 8.28x 7.31x 17.3x
EV / EBITDA -9.48x -9.49x -5.56x -5.4x -19.4x -3.77x
EV / EBIT -9.37x -9.38x -5.56x -5.39x -5.7x -3.3x
EV / FCF -1.73x -2.29x 24.7x -8.74x 5.63x -2.47x
FCF Yield -57.7% -43.8% 4.05% -11.4% 17.8% -40.5%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0645 -0.004278 -0.0222 -0.0262 -0.035 0.0338
Distribution rate - - - - - -
Net sales 1 2.186 2.102 1.81 1.833 2.252 0.775
EBITDA 1 -3.162 -2.606 -3.074 -2.811 -0.846 -3.554
EBIT 1 -3.199 -2.636 -3.078 -2.813 -2.885 -4.054
Net income 1 -7.898 -0.524 -2.72 -3.211 -4.258 4.134
Net Debt 1 6.892 8.925 0.955 1.789 0.188 0.35
Reference price 2 0.2000 0.1370 0.1400 0.1160 0.1410 0.1130
Nbr of stocks (in thousands) 115,343 115,343 115,343 115,343 115,343 115,343
Announcement Date 5/31/21 4/29/22 4/26/24 4/26/24 5/1/25 4/30/26
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.17x5.09x13.7x3.13% 46.06B
9.15x1.55x8.08x3.88% 31.64B
18.59x4.07x16.47x1.31% 28.56B
5.5x0.66x1.4x9.09% 26.47B
14.06x3.11x14.87x2.49% 25.67B
11.02x2.1x9.8x4.03% 20.89B
8.19x0.91x3.3x2.73% 20.95B
13.6x6.57x17.49x1.57% 19.69B
10.85x1.54x12.95x3.79% 20.04B
Average 11.90x 2.84x 10.89x 3.56% 26.66B
Weighted average by Cap. 12.33x 3.00x 11.06x 3.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA