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 1,441 - -
Change - -36.26% -11.54% -35.33% -4.21% -13.63% - -
Enterprise Value (EV) 1 11,709 9,921 6,141 5,195 5,114 4,109 4,396 3,839
Change - -15.28% -38.1% -15.41% -1.55% -19.66% 7% -12.67%
P/E 11.8x 56.4x -2.15x -6.31x -13.6x 173x 18.6x 6.19x
PBR 0.71x 0.46x 0.54x 0.4x 0.43x 0.38x 0.37x 0.37x
PEG - -0.7x 0x 0.1x 0.2x -2x 0x 0x
Capitalization / Revenue 2.88x 1.68x 1.76x 1.11x 1.15x 1.14x 1.09x 1.04x
EV / Revenue 7.05x 5.46x 4.02x 3.3x 3.53x 3.26x 3.32x 2.78x
EV / EBITDA 18.7x 15.3x 21.7x 21.7x 17.5x 15.1x 15.8x 13.4x
EV / EBIT 14.6x 25.9x 22.7x 18.7x 17.4x 13.6x 15x 13.3x
EV / FCF -23.5x -42.4x 4.66x 31.3x 21.6x 6.16x 8.81x 6.71x
FCF Yield -4.25% -2.36% 21.5% 3.2% 4.63% 16.2% 11.4% 14.9%
Dividend per Share 2 4.2 4.33 4.84 4.31 1.92 1.695 1.964 1.729
Rate of return 6.66% 10.8% 13.6% 18.8% 8.73% 8.92% 10.3% 9.1%
EPS 2 5.328 0.7136 -16.5 -3.64 -1.62 0.11 1.021 3.069
Distribution rate 78.8% 607% -29.3% -118% -119% 1,541% 192% 56.3%
Net sales 1 1,661 1,816 1,528 1,572 1,450 1,259 1,324 1,380
EBITDA 1 625.5 650.3 283 239 292.5 273 278.7 286.5
EBIT 1 800.6 382.5 270.1 277.5 294.6 302.5 293.2 288.5
Net income 1 400.1 54.1 -1,250 -275.9 -123 8.2 149.2 233.3
Net Debt 1 6,933 6,876 3,448 3,454 3,446 2,668 2,956 2,398
Reference price 2 63.10 40.24 35.54 22.98 22.00 19.00 19.00 19.00
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.($)
-9.18x3.48x15.87x10.25% 1.65B
25.61x13.75x16.14x4.96% 16.76B
25.49x15.13x16.68x3.84% 7.19B
8.88x14.08x18.22x6.07% 6.86B
14.61x14.9x15.97x4.96% 6.67B
10.27x17.32x20.94x7.51% 6.37B
10.44x14.81x15.9x6.79% 6B
8.76x14.07x18.16x5.66% 5.98B
11.51x11.28x12.83x5.56% 4.79B
Average 11.82x 13.20x 16.74x 6.18% 6.92B
Weighted average by Cap. 15.92x 14.11x 16.81x 5.65%

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