Valuation Icade

Stocks

Real-time Euronext Paris 10:53:58 2026-09-23 EDT			5-day change	1st Jan Change
16.60 ^EUR	-1.60%		-1.54%	-24.55%

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	1,279	-	-
Change	-	-36.26%	-11.54%	-35.33%	-4.21%	-23.35%	-	-
Enterprise Value (EV) ¹	11,709	9,921	6,141	5,195	5,114	4,331	4,103	3,795
Change	-	-15.28%	-38.1%	-15.41%	-1.55%	-15.32%	-5.26%	-7.5%
P/E	11.8x	56.4x	-2.15x	-6.31x	-13.6x	-9.75x	13.4x	5.87x
PBR	0.71x	0.46x	0.54x	0.4x	0.43x	0.36x	0.34x	0.34x
PEG	-	-0.7x	0x	0.1x	0.2x	-1.42x	-0x	0x
Capitalization / Revenue	2.88x	1.68x	1.76x	1.11x	1.15x	0.99x	0.96x	0.92x
EV / Revenue	7.05x	5.46x	4.02x	3.3x	3.53x	3.35x	3.07x	2.73x
EV / EBITDA	18.7x	15.3x	21.7x	21.7x	17.5x	16.1x	15.7x	14.1x
EV / EBIT	14.6x	25.9x	22.7x	18.7x	17.4x	14.5x	13.7x	13x
EV / FCF	-23.5x	-42.4x	4.66x	31.3x	21.6x	6.49x	8.22x	6.64x
FCF Yield	-4.25%	-2.36%	21.5%	3.2%	4.63%	15.4%	12.2%	15.1%
Dividend per Share ²	4.2	4.33	4.84	4.31	1.92	1.766	1.838	1.936
Rate of return	6.66%	10.8%	13.6%	18.8%	8.73%	10.5%	10.9%	11.5%
EPS ²	5.328	0.7136	-16.5	-3.64	-1.62	-1.731	1.256	2.876
Distribution rate	78.8%	607%	-29.3%	-118%	-119%	-102%	146%	67.3%
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	297.9	299.5	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	2,517
Reference price ²	63.10	40.24	35.54	22.98	22.00	16.87	16.87	16.87
Nbr of stocks (in thousands)	75,691	75,652	75,770	75,778	75,825	75,797	-	-
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	-9.75x	3.35x	16.13x	10.47%	1.46B
W. P. CAREY INC.	22.08x	13.01x	15.22x	5.65%	15.24B
LAND SECURITIES PLC	8.06x	13.4x	17.3x	6.66%	6.24B
THE GPT GROUP	11.78x	14.29x	15.23x	5.42%	6.14B
ESSENTIAL PROPERTIES REALTY TRUST, INC.	20.54x	13.21x	14.85x	4.69%	5.85B
LONDONMETRIC PROPERTY PLC	9.67x	14.44x	15.43x	7.18%	5.63B
THE BRITISH LAND COMPANY PLC	8.15x	13.56x	17.3x	6.07%	5.5B
GECINA	9.42x	16.33x	19.68x	8.52%	5.58B
MIRVAC GROUP	12.18x	11.08x	12.7x	5.68%	4.98B
Average	10.24x	12.52x	15.98x	6.7%	6.29B
Weighted average by Cap.	13.73x	13.32x	15.88x	6.24%