Company Valuation: INDITEX

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 83,293 89,057 123,620 164,209 171,311 165,843 - -
Change - 6.92% 38.81% 32.83% 4.32% -3.19% - -
Enterprise Value (EV) 1 73,934 78,987 112,214 152,714 160,353 160,378 159,278 157,642
Change - 6.83% 42.07% 36.09% 5% 0.02% -0.69% -1.03%
P/E 25.7x 21.6x 23x 28x 27.5x 24.6x 22.5x 20.7x
PBR 5.29x 5.24x 6.63x 8.34x 8.4x 7.81x 7.28x 6.99x
PEG - 0.8x 0.8x 3.12x 4.47x 2.98x 2.44x 2.43x
Capitalization / Revenue 3.01x 2.73x 3.44x 4.25x 4.3x 3.86x 3.59x 3.36x
EV / Revenue 2.67x 2.43x 3.12x 3.95x 4.02x 3.74x 3.45x 3.19x
EV / EBITDA 10.3x 9.13x 11.4x 14.2x 14.2x 13.3x 12.2x 11.2x
EV / EBIT 17.3x 14.3x 16.5x 20.2x 20.1x 18.5x 16.9x 15.4x
EV / FCF 13.1x 21.7x 16.5x 23.1x 34.2x 26.3x 22.8x 20.7x
FCF Yield 7.61% 4.61% 6.06% 4.33% 2.92% 3.8% 4.38% 4.83%
Dividend per Share 2 0.93 1.2 1.54 1.68 1.75 1.931 2.096 2.275
Rate of return 3.48% 4.19% 3.88% 3.19% 3.18% 3.63% 3.94% 4.27%
EPS 2 1.042 1.327 1.729 1.884 2 2.165 2.365 2.566
Distribution rate 89.3% 90.4% 89.1% 89.2% 87.5% 89.2% 88.7% 88.7%
Net sales 1 27,716 32,569 35,947 38,632 39,864 42,930 46,150 49,407
EBITDA 1 7,183 8,649 9,850 10,728 11,267 12,050 13,053 14,059
EBIT 1 4,282 5,520 6,809 7,554 7,997 8,667 9,446 10,225
Net income 1 3,243 4,130 5,381 5,866 6,220 6,735 7,358 7,978
Net Debt 1 -9,359 -10,070 -11,406 -11,495 -10,958 -5,465 -6,565 -8,201
Reference price 2 26.74 28.62 39.71 52.72 55.00 53.24 53.24 53.24
Nbr of stocks (in thousands) 3,114,926 3,111,719 3,113,070 3,114,746 3,114,746 3,115,009 - -
Announcement Date 3/16/22 3/15/23 3/13/24 3/12/25 3/10/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.59x3.74x13.31x3.63% 187B
43.04x5.29x21.75x0.87% 140B
26.04x2.69x17.17x0.78% 73.01B
40.63x2.36x9.2x1.59% 29.02B
20.02x1.38x7.83x4.61% 25.33B
14.93x2.89x11.13x1.58% 23.44B
17.58x2.47x11.08x2.12% 21.69B
23.97x1.42x12.13x-.--% 17.3B
15.2x1.95x7.85x3.97% 11.48B
Average 25.11x 2.69x 12.38x 2.13% 58.62B
Weighted average by Cap. 29.39x 3.61x 15.24x 2.17%

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