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 1,979 - -
Change - -0.75% -21.8% -0.91% -15.13% -2.09% - -
Enterprise Value (EV) 1 4,547 4,739 3,521 3,656 3,412 3,540 3,507 3,321
Change - 4.22% -25.7% 3.84% -6.67% 3.76% -0.94% -5.3%
P/E 13.1x 13.2x 47.5x -25.2x -4.96x 16.2x 13.2x 11x
PBR 0.97x 0.92x 0.77x 0.73x 0.78x 0.73x 0.71x 0.67x
PEG - -12.28x -0.6x 0x -0x -0x 0.6x 0.6x
Capitalization / Revenue 0.71x 0.72x 0.63x 0.66x 0.6x 0.58x 0.56x 0.54x
EV / Revenue 1.04x 1.11x 0.93x 1.01x 1.01x 1.03x 0.99x 0.9x
EV / EBITDA 5.98x 6.58x 5.56x 5.42x 6.25x 6.31x 5.93x 5.49x
EV / EBIT 10.1x 10.8x 9.65x 9.28x 13.3x 13.8x 12.5x 11x
EV / FCF 22.1x 103x 16.5x 32.1x 30.5x 24.6x 24.6x 18.9x
FCF Yield 4.53% 0.97% 6.04% 3.12% 3.27% 4.07% 4.07% 5.3%
Dividend per Share 2 1.55 3.85 1.35 1.45 0.75 0.7767 0.8707 0.9449
Rate of return 4.24% 10.6% 4.74% 5.14% 3.13% 3.31% 3.71% 4.03%
EPS 2 2.79 2.76 0.6 -1.12 -4.83 1.451 1.779 2.129
Distribution rate 55.6% 139% 225% -129% -15.5% 53.5% 48.9% 44.4%
Net sales 1 4,383 4,282 3,794 3,605 3,384 3,435 3,546 3,697
EBITDA 1 761 720 633 675 546 560.8 591.2 605
EBIT 1 452 438.8 364.7 394 257.3 255.7 280.9 302.8
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 23.44 23.44 23.44
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.($)
24.97x9.65x14.79x2.07% 163B
23.95x3.58x8.53x0.84% 102B
12.11x1.4x5.81x2.92% 55.26B
19.92x3.73x12.72x0.88% 22.88B
6.82x0.29x7.6x6.22% 20.27B
32.57x - - 1.25% 19.88B
20.71x1.2x10.33x2.12% 17.94B
10.97x1.51x10.4x2.96% 16.58B
Average 19.00x 3.05x 10.02x 2.41% 52.28B
Weighted average by Cap. 21.49x 5.42x 11.07x 2.02%

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

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