Company Valuation: Icade

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,776 3,044 2,693 1,741 1,668 1,470 - -
Change - -36.26% -11.54% -35.33% -4.21% -11.86% - -
Enterprise Value (EV) 1 11,709 9,921 6,141 5,195 5,114 4,513 4,322 3,836
Change - -15.28% -38.1% -15.41% -1.55% -11.77% -4.23% -11.24%
P/E 11.8x 56.4x -2.15x -6.31x -13.6x -9.49x 17.7x 5.94x
PBR 0.71x 0.46x 0.54x 0.4x 0.43x 0.38x 0.38x 0.37x
PEG - -0.7x 0x 0.1x 0.2x -0.4x -0x 0x
Capitalization / Revenue 2.88x 1.68x 1.76x 1.11x 1.15x 1.13x 1.11x 1.07x
EV / Revenue 7.05x 5.46x 4.02x 3.3x 3.53x 3.47x 3.26x 2.78x
EV / EBITDA 18.7x 15.3x 21.7x 21.7x 17.5x 15.8x 15.5x 13.4x
EV / EBIT 14.6x 25.9x 22.7x 18.7x 17.4x 15.5x 15.1x 13.9x
EV / FCF -23.5x -42.4x 4.66x 31.3x 21.6x 4.69x 5.2x 34.6x
FCF Yield -4.25% -2.36% 21.5% 3.2% 4.63% 21.3% 19.2% 2.89%
Dividend per Share 2 4.2 4.33 4.84 4.31 1.92 1.953 1.943 1.707
Rate of return 6.66% 10.8% 13.6% 18.8% 8.73% 10.1% 10% 8.81%
EPS 2 5.328 0.7136 -16.5 -3.64 -1.62 -2.042 1.094 3.264
Distribution rate 78.8% 607% -29.3% -118% -119% -95.6% 178% 52.3%
Net sales 1 1,661 1,816 1,528 1,572 1,450 1,300 1,324 1,379
EBITDA 1 625.5 650.3 283 239 292.5 285.3 278.6 286.1
EBIT 1 800.6 382.5 270.1 277.5 294.6 291 285.6 275.8
Net income 1 400.1 54.1 -1,250 -275.9 -123 14.7 153.5 243.3
Net Debt 1 6,933 6,876 3,448 3,454 3,446 3,042 2,851 2,366
Reference price 2 63.10 40.24 35.54 22.98 22.00 19.39 19.39 19.39
Nbr of stocks (in thousands) 75,691 75,652 75,770 75,778 75,825 75,826 - -
Announcement Date 2/21/22 2/20/23 2/19/24 2/18/25 2/17/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.11x13.22x15.53x5.27% 15.77B
14.24x14.62x15.6x5.11% 6.38B
23x14.1x15.63x4.26% 6.49B
8.53x13.55x17.58x6.49% 6.41B
9.83x17.01x20.55x7.84% 6.08B
10.6x14.73x15.81x6.92% 5.83B
8.46x13.6x17.52x5.97% 5.61B
11.57x11.2x12.76x5.63% 4.66B
Average 13.79x 14.00x 16.37x 5.94% 7.15B
Weighted average by Cap. 15.69x 13.94x 16.31x 5.81%

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