Valuation Icade

Stocks

Real-time Euronext Paris 10:42:05 2026-09-01 EDT			5-day change	1st Jan Change
17.65 ^EUR	-2.97%		-6.49%	-19.41%

08-28	Listen to the yellow birds
08-07	Icade: FFO expected to catch up from 2027

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	1,379	-	-
Change	-	-36.26%	-11.54%	-35.33%	-4.21%	-17.32%	-	-
Enterprise Value (EV) ¹	11,709	9,921	6,141	5,195	5,114	4,431	4,203	3,895
Change	-	-15.28%	-38.1%	-15.41%	-1.55%	-13.36%	-5.14%	-7.33%
P/E	11.8x	56.4x	-2.15x	-6.31x	-13.6x	-15.6x	28.1x	6.32x
PBR	0.71x	0.46x	0.54x	0.4x	0.43x	0.39x	0.37x	0.36x
PEG	-	-0.7x	0x	0.1x	0.2x	0.6x	-0x	0x
Capitalization / Revenue	2.88x	1.68x	1.76x	1.11x	1.15x	1.07x	1.03x	0.99x
EV / Revenue	7.05x	5.46x	4.02x	3.3x	3.53x	3.43x	3.14x	2.81x
EV / EBITDA	18.7x	15.3x	21.7x	21.7x	17.5x	16.5x	16.1x	14.5x
EV / EBIT	14.6x	25.9x	22.7x	18.7x	17.4x	15.3x	14.1x	13.3x
EV / FCF	-23.5x	-42.4x	4.66x	31.3x	21.6x	6.64x	8.42x	6.81x
FCF Yield	-4.25%	-2.36%	21.5%	3.2%	4.63%	15.1%	11.9%	14.7%
Dividend per Share ²	4.2	4.33	4.84	4.31	1.92	1.767	1.839	1.941
Rate of return	6.66%	10.8%	13.6%	18.8%	8.73%	9.72%	10.1%	10.7%
EPS ²	5.328	0.7136	-16.5	-3.64	-1.62	-1.166	0.6475	2.876
Distribution rate	78.8%	607%	-29.3%	-118%	-119%	-152%	284%	67.5%
Net sales ¹	1,661	1,816	1,528	1,572	1,450	1,292	1,338	1,388
EBITDA ¹	625.5	650.3	283	239	292.5	268.4	261.4	269.3
EBIT ¹	800.6	382.5	270.1	277.5	294.6	289.5	299.1	293
Net income ¹	400.1	54.1	-1,250	-275.9	-123	-76.37	130.7	184.2
Net Debt ¹	6,933	6,876	3,448	3,454	3,446	3,052	2,824	2,516
Reference price ²	63.10	40.24	35.54	22.98	22.00	18.19	18.19	18.19
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

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ICADE	-15.6x	3.43x	16.51x	9.72%	1.6B
W. P. CAREY INC.	23.3x	13.37x	15.62x	5.34%	15.94B
LAND SECURITIES PLC	8.58x	14.01x	18.09x	6.13%	6.89B
ESSENTIAL PROPERTIES REALTY TRUST, INC.	22.78x	14.67x	16x	4.23%	6.49B
THE GPT GROUP	12.28x	14.65x	15.62x	5.2%	6.45B
GECINA	8.49x	16.44x	19.8x	8.2%	5.88B
LONDONMETRIC PROPERTY PLC	10.29x	14.68x	15.76x	6.89%	6B
THE BRITISH LAND COMPANY PLC	8.63x	13.98x	17.94x	5.77%	5.92B
MIRVAC GROUP	12.49x	12.08x	12.91x	5.54%	5.14B
Average	10.14x	13.04x	16.47x	6.33%	6.7B
Weighted average by Cap.	14.25x	13.84x	16.39x	5.9%