Company Valuation: General Commercial & Industrial S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 19.85 27.91 28.99 43.55 32.96 57.26
Change - 40.61% 3.88% 50.21% -24.31% 73.72%
Enterprise Value (EV) 1 23.43 29.86 29.6 42.05 31.15 52.91
Change - 27.43% -0.88% 42.09% -25.92% 69.86%
P/E 18.8x 9.54x 7.45x 12.2x 20.7x 20.2x
PBR 0.84x 1.07x 1.01x 1.43x 1.09x 1.84x
PEG - 0x 0.2x -1.42x -0.4x 0.3x
Capitalization / Revenue 0.65x 0.67x 0.69x 0.86x 0.9x 1.19x
EV / Revenue 0.76x 0.72x 0.71x 0.83x 0.85x 1.1x
EV / EBITDA 12.8x 6.47x 5.05x 7.81x 12.2x 12.2x
EV / EBIT 16.7x 7.15x 5.47x 8.53x 14.8x 13.7x
EV / FCF 113x 14.2x 14x 12.4x 15.7x 13x
FCF Yield 0.88% 7.06% 7.14% 8.08% 6.36% 7.67%
Dividend per Share 2 0.035 0.055 0.075 0.075 0.075 0.1
Rate of return 4.24% 4.74% 6.22% 4.14% 5.47% 4.2%
EPS 2 0.0438 0.1216 0.1617 0.1479 0.0663 0.1179
Distribution rate 79.9% 45.2% 46.4% 50.7% 113% 84.8%
Net sales 1 30.76 41.62 41.93 50.41 36.69 48.31
EBITDA 1 1.835 4.616 5.866 5.382 2.555 4.335
EBIT 1 1.4 4.174 5.411 4.932 2.106 3.866
Net income 1 1.054 2.925 3.891 3.557 1.595 2.837
Net Debt 1 3.583 1.951 0.6052 -1.494 -1.81 -4.348
Reference price 2 0.825 1.160 1.205 1.810 1.370 2.380
Nbr of stocks (in thousands) 24,060 24,060 24,060 24,060 24,060 24,060
Announcement Date 3/19/21 3/14/22 3/15/23 3/29/24 4/2/25 3/27/26
1EUR in Million2EUR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 55.78M
31.16x5.43x19.69x0.83% 123B
34.94x5.49x20.8x1.54% 97.45B
45.06x9.14x26.74x-.--% 65.48B
27.58x3.15x18.22x0.75% 60.3B
40.2x6.25x27.6x1.93% 58.24B
27.51x5.07x17.77x2.19% 35.94B
20.6x1.76x12.69x2.28% 29.97B
21.04x3.65x11.66x1.45% 29.28B
30.09x4.01x15.13x0.11% 29.52B
Average 30.91x 4.88x 18.92x 1.23% 52.89B
Weighted average by Cap. 32.70x 5.32x 20.25x 1.14%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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