Company Valuation: Imerys

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,096 3,073 2,403 2,381 2,021 2,053 - -
Change - -0.75% -21.8% -0.91% -15.13% 1.59% - -
Enterprise Value (EV) 1 4,547 4,739 3,521 3,656 3,412 3,615 3,581 3,395
Change - 4.22% -25.7% 3.84% -6.67% 5.94% -0.92% -5.19%
P/E 13.1x 13.2x 47.5x -25.2x -4.96x 16.8x 14x 11.4x
PBR 0.97x 0.92x 0.77x 0.73x 0.78x 0.75x 0.74x 0.69x
PEG - -12.28x -0.6x 0x -0x -0x 0.7x 0.5x
Capitalization / Revenue 0.71x 0.72x 0.63x 0.66x 0.6x 0.6x 0.58x 0.56x
EV / Revenue 1.04x 1.11x 0.93x 1.01x 1.01x 1.05x 1.01x 0.92x
EV / EBITDA 5.98x 6.58x 5.56x 5.42x 6.25x 6.45x 6.11x 5.61x
EV / EBIT 10.1x 10.8x 9.65x 9.28x 13.3x 14.1x 13x 11.2x
EV / FCF 22.1x 103x 16.5x 32.1x 30.5x 25.1x 25.1x 19.3x
FCF Yield 4.53% 0.97% 6.04% 3.12% 3.27% 3.99% 3.99% 5.18%
Dividend per Share 2 1.55 3.85 1.35 1.45 0.75 0.7767 0.8463 0.9449
Rate of return 4.24% 10.6% 4.74% 5.14% 3.13% 3.19% 3.48% 3.89%
EPS 2 2.79 2.76 0.6 -1.12 -4.83 1.451 1.735 2.129
Distribution rate 55.6% 139% 225% -129% -15.5% 53.5% 48.8% 44.4%
Net sales 1 4,383 4,282 3,794 3,605 3,384 3,435 3,546 3,697
EBITDA 1 761 720 633 675 546 560.8 585.9 605
EBIT 1 452 438.8 364.7 394 257.3 255.7 275.6 302.8
Net income 1 240 237.2 51.3 -95 -408.8 118 156.3 193
Net Debt 1 1,451 1,666 1,118 1,275 1,391 1,562 1,528 1,342
Reference price 2 36.54 36.34 28.48 28.20 23.94 24.32 24.32 24.32
Nbr of stocks (in thousands) 84,726 84,553 84,368 84,434 84,414 84,414 - -
Announcement Date 2/16/22 2/16/23 2/21/24 2/20/25 2/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17x1.06x6.5x3.15% 2.42B
26.1x9.96x15.36x2.01% 168B
24.45x3.65x8.7x0.82% 104B
12.42x1.44x5.98x2.85% 56.7B
19.06x3.59x12.23x0.92% 21.6B
7.26x0.3x7.8x5.84% 20.98B
33.41x - - 1.22% 20.35B
21.5x1.24x10.66x2.04% 18.39B
11.78x1.6x10.71x2.79% 17.53B
Average 19.22x 2.85x 9.74x 2.4% 47.85B
Weighted average by Cap. 22.14x 5.55x 11.36x 1.97%

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