Company Valuation: Intercos S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,346 1,222 1,376 1,340 1,066 1,309 - -
Change - -9.19% 12.6% -2.66% -20.46% 22.77% - -
Enterprise Value (EV) 1 1,473 1,313 1,477 1,438 1,166 1,423 1,391 1,362
Change - -10.84% 12.46% -2.65% -18.87% 21.97% -2.22% -2.1%
P/E 48.5x 27x 26.5x 27.8x 21.7x 20.6x 17.5x 15.7x
PBR 3.67x 2.92x 3.08x 2.81x 2.19x 2.52x 2.31x 2.07x
PEG - 0.4x 1.8x -3.75x 10.85x 0.6x 1x 1.4x
Capitalization / Revenue 2x 1.46x 1.39x 1.26x 1.02x 1.19x 1.12x 1.07x
EV / Revenue 2.19x 1.57x 1.49x 1.35x 1.11x 1.29x 1.2x 1.11x
EV / EBITDA 14.6x 10.8x 10.7x 10x 7.48x 8.69x 7.88x 7.19x
EV / EBIT 34.4x 18.5x 16x 15.3x 11.3x 13x 11.6x 10.4x
EV / FCF 64.1x 51.3x 30.6x 42x 23.6x 31.1x 25.1x 21.1x
FCF Yield 1.56% 1.95% 3.27% 2.38% 4.23% 3.21% 3.99% 4.73%
Dividend per Share 2 - - - - - 0.2368 0.2778 0.3079
Rate of return - - - - - 1.7% 1.99% 2.21%
EPS 2 0.29 0.47 0.54 0.5 0.51 0.6754 0.7986 0.8875
Distribution rate - - - - - 35.1% 34.8% 34.7%
Net sales 1 673.7 835.6 988.2 1,065 1,047 1,100 1,164 1,227
EBITDA 1 101.1 121.7 137.5 143.3 156 163.7 176.4 189.5
EBIT 1 42.8 70.9 92.07 93.7 103.2 109.6 120.2 131
Net income 1 26.5 45 52.34 48.8 50.1 65.4 76.18 85.21
Net Debt 1 126.6 90.65 100.2 97.7 100.5 114 82.4 53.18
Reference price 2 14.06 12.70 14.30 13.92 11.06 13.94 13.94 13.94
Nbr of stocks (in thousands) 95,742 96,258 96,258 96,258 96,364 93,867 - -
Announcement Date 3/23/22 3/14/23 3/20/24 3/4/25 3/4/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.84x4.02x14.68x3.08% 333B
18.5x2.77x12.23x3.45% 139B
24.74x3.7x15.55x2.33% 72.51B
41.67x6.71x29.12x2.21% 49.42B
35.82x2.72x14.87x1.52% 38.43B
20.19x2.82x11.75x4.4% 36.88B
23.54x1.72x10.99x2.16% 20.55B
16.2x1.55x8.88x3.28% 19.93B
39.55x5.58x27.33x1.81% 9.89B
Average 26.78x 3.51x 16.16x 2.69% 79.93B
Weighted average by Cap. 23.19x 3.69x 15.06x 2.96%

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